SP Developments
SP Developments is a Miami-based real estate developer focused on multifamily, single-family, and commercial projects across South Florida and Texas's Rio Grande Valley, financed through LP/co-GP partnerships and the Urbania joint venture with Colombia's Continua Group.
- Company typePrivate
- Founded2006
- HeadquartersMiami, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What SP Developments does
SP Developments (SP Developments LLC) is a privately held, Miami-based real estate development firm founded by Daniel Jaramillo while attending Florida International University, with company-history sources dating operations to 2006. The company develops multifamily residential projects (apartments, condominiums), single-family homes, duplexes, and select commercial assets, with the bulk of the disclosed pipeline — over 950 units — delivered through the Urbania joint venture with Colombia's Continua Group. Active markets span the Miami metropolitan area (Miami, Hialeah, North Miami, Miami Shores, Fort Lauderdale, Pompano Beach, Oakland Park, Miami Gardens) and the Texas Rio Grande Valley (Weslaco, Mission, Brownsville), with named projects including Hialeah by Urbania (612-644 units on a $23.5M land basis), NoMi by Urbania (240 units, North Miami), The Roads (150 units, Miami), Flagler by Urbania (110 units, Fort Lauderdale), Midtown Weslaco (152 units), Mission Park Trails (288 units), and the Armani/Casa Residences (28 luxury condos, Pompano Beach). Underlying technology is conventional construction and project management rather than a proprietary platform, with the company emphasizing energy efficiency and sustainability in build specifications rather than any software differentiation.
The business model combines one-time revenue from unit sales and project-level equity participation with managed-services-style investor returns. SP Developments finances projects by syndicating capital from Limited Partners and co-General Partners and shares in profits from successful developments, while day-to-day delivery is executed through a coordinated partner stack: Strategic Properties (property management, two-decade incumbent), Constructora Capital (Colombian construction, 30 years and 62,000 units), Constructora Flormorado (35+ years), G3 AEC (architecture/engineering), Greenberg Traurig (legal), and PBY&A (legal). Revenue is not publicly disclosed, and the company does not file public financials, but its operating model is that of a project-finance-driven developer-sponsor rather than a fee-for-service operator.
Go-to-market is enterprise-field-sales-led: institutional LP/co-GP capital is sourced through direct relationship channels, while end-buyer and tenant demand is captured via real estate agents, a LeadConnector-powered appointment booking widget on the corporate site, and social/newsletter channels (LinkedIn, Instagram, Facebook). Customer segments are split between institutional investors seeking diversified real estate exposure with social impact and end users — primarily workforce and mid-market renters and buyers in South Florida and the Rio Grande Valley. Leadership comprises CEO Daniel Jaramillo, President Tomas Sinisterra (since 1989 in development), and CFO Camilo Fernández, giving the firm deep Colombian real estate and finance networks that underpin both the Urbania joint venture and US-side execution.
SP Developments firmographics
Firmographics- Name
- SP Developments
- Legal name
- SP Developments LLC
- Website
- https://spdevelopments.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- SP Developments is a Miami-based real estate developer focused on multifamily, single-family, and commercial projects across South Florida and Texas's Rio Grande Valley, financed through LP/co-GP partnerships and the Urbania joint venture with Colombia's Continua Group.
- Ownership category
- akta.pro rank
SP Developments industry classification
Industry- Product category
- Real Estate Development
- NAICS
- Land Subdivision (2372)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
Keywords
Where SP Developments is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
SP Developments business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Others
Revenue model
- Real Estate Development and Sales: SP Developments generates revenue through developing multifamily properties (condominiums, rental apartments), single-family homes, duplexes, and commercial properties. Revenue comes from unit sales, rental income, and investor returns.
- Investment Partnership Revenue: The company works with LPs and co-GPs who finance projects, sharing returns and profits from successful developments.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
SP Developments product offering
Product offeringCore offering
SP Developments is a real estate development company that develops multifamily apartment complexes, single-family homes, duplexes, condominiums, and commercial properties in South Florida and Texas markets. Revenue is generated through unit sales, rental income, and investor returns via Limited Partner (LP) and co-General Partner (co-GP) financing arrangements. The Urbania sub-brand, a joint venture with Continua Group, accounts for the majority of multifamily pipeline with over 950 units in development or delivery.
Product overview
SP Developments is a real estate development company operating as a single unified offering focused on property development services rather than a platform-plus-modules architecture. The company develops multifamily projects (including Hialeah by Urbania, NoMi by Urbania, The Roads, Flagler by Urbania, Midtown Weslaco, Mission Park Trails), single-family homes and duplexes (Miami Shores, Biscayne Park, Magic City), condominiums (Armani/Casa Residences), and commercial properties (Longhorn Steakhouse, Blackbear Diner). These projects are primarily located in Florida and Texas markets, with the Urbania sub-brand representing collaborative developments with Continua Group.
Differentiator
Problem solved
Functional benefit
Brands
- Urbania: Multifamily living brand developed through the partnership between SP Developments and Continua Group, delivering units in South Florida markets with over 55 years of combined real estate development experience.
Products and services
- Hialeah by Urbania
Quantifiable outcome
- Over 950 multifamily units in development pipeline through Urbania partnership
- +2 more outcomes
Companies that use SP Developments
Customer profileSegments4 records
Ideal customer profiles2 records
SP Developments technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
SP Developments partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- Strategic PropertiescoreStrategic Properties has been SP Developments' management partner since inception with over two decades in the management industry. They bring unparalleled customer service bandwidth, quality, and operational efficiency, delivering higher resident satisfaction and better results for properties and investors.
- Continua DevelopmentscoreContinua Developments leveraged Constructora Capital's three-decade tenure in Colombia, dedicated to fostering middle-class communities. Together with SP Developments, they formed the Urbania brand with over 55 years of combined real estate development experience.
- Constructora CapitalcoreTop player in Colombia's construction industry with 30-year history, 243 projects completed, 62,000 units delivered, and 5,000 workers. Prioritizes customer satisfaction, employee well-being, and stakeholder efficiency.
- UrbaniacoreJoint venture between SP Developments and Continua Group developing three projects in South Florida. Currently delivering over 950 units of multifamily living with highest standards of excellence and innovation.
- Constructora FlormoradominorOver 35 years building, promoting and marketing housing, commerce, medical centers and office projects. Delivered over 4,300 real estate units including 388 office spaces, 270 medical centers, and 3,700 homes in Colombia.
- Greenberg & TraurigminorMiami-based law firm with over 45 offices worldwide providing invaluable legal expertise and understanding of the local landscape. Extensive experience in real estate law supporting SP's vision for growth in Miami and American markets.
- G3 (G3 AEC)coreG3 brings unique approach to analysis, conceptualizing, designing, engineering and realization of architecture. As architects, engineers and contractors, they provide multi-faceted perspectives on project constraints and opportunities.
- ID&C (Improvement Design & Construction)minorFamily-owned design and contracting firm with over 15 years of experience in South Florida construction industry. Proven to deliver units with highest construction standards for single family homes and duplexes.
- PBY&A (PBY&A Attorneys)minorLaw firm with nearly 20 years delivering exceptional legal services. AV Preeminent rating by Martindale-Hubbell. Team includes former in-house counsels, CPA, former company president, and economics professor. Offices in Fort Lauderdale and Coral Gables.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
SP Developments competitors and assessment
Company assessmentBroad incumbents
- D.R. Horton: Largest US homebuilder with active multifamily and single-family operations in Florida and Texas. Comparable in product categories and growing in SP's core geographies, but at national scale.
- Lennar Corporation: One of the largest US homebuilders, with a multifamily segment and significant Florida operations. Overlaps SP developments in product category and geography, but at vastly greater scale and capital base.
- Camden Property Trust: Multifamily REIT owning and operating garden-style apartment communities across Sun Belt markets. Comparable in product category but operates as a long-term holder rather than a developer.
Direct peers
- Mast Capital: Miami-based real estate developer specializing in multifamily and mixed-use projects. Comparable in market (South Florida), product type (multifamily), and institutional capital sourcing.
- The Related Group: One of the largest Miami-based multifamily and condominium developers. Highly comparable to SP Developments in geographic focus (South Florida), product mix (multifamily and condos), and target buyer (institutional LPs and end-users).
- Aria Development Group: South Florida-based multifamily and mixed-use developer. Closely comparable in scale, geography, and product mix to SP Developments.
- Terra Group: South Florida real estate developer active in multifamily, mixed-use, and condominium projects. Closely comparable in scale, product type, and target market to SP Developments.
- Property Markets Group: Multifamily and mixed-use developer with a strong Miami presence. Comparable in product type, geography, and capital partnership structure.
- CC Homes: South Florida residential homebuilder focused on single-family and multifamily communities. Comparable in product type and South Florida geographic focus to SP Developments.
Others
- Continua Group: Colombian real estate developer and SP Developments' JV partner in the Urbania brand. Acts as a partner, co-developer, and capability provider rather than a direct competitor in US markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
SP Developments social profiles
Digital presenceSP Developments financial estimates
Financial estimateRevenue estimate
Valuation estimate
SP Developments leadership team
Management profileNumber of profiles
Profiles3 records
SP Developments subsidiaries and ownership
Company hierarchySubsidiaries1 record
SP Developments funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SP Developments M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SP Developments
What does SP Developments do?
SP Developments is a real estate development company that develops multifamily apartment complexes, single-family homes, duplexes, condominiums, and commercial properties in South Florida and Texas markets. Revenue is generated through unit sales, rental income, and investor returns via Limited Partner (LP) and co-General Partner (co-GP) financing arrangements. The Urbania sub-brand, a joint venture with Continua Group, accounts for the majority of multifamily pipeline with over 950 units in development or delivery.
Is SP Developments a public or private company?
SP Developments is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was SP Developments founded?
SP Developments was founded in 2006. It employs 1 to 10 people.
Where is SP Developments based?
SP Developments is headquartered in Miami, United States, in the North America region.
How does SP Developments make money?
Two revenue lines are on record. Real Estate Development and Sales are the primary driver. The others are investment Partnership Revenue.
Who are SP Developments's main competitors?
Broad incumbents on record are D.R. Horton, Lennar Corporation and Camden Property Trust. Direct peers are Mast Capital, The Related Group, Aria Development Group, Terra Group, Property Markets Group and CC Homes. Continua Group is listed as an others.
Does SP Developments have an API?
No public API is recorded for SP Developments.
What industry is SP Developments in?
SP Developments's product category is Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities). Its NAICS code is 2372 and its SIC code is 6552.