What S.R. Jacobson Development Corp. does

S.R. Jacobson Development Corp. is a privately held, family-owned residential and multifamily real estate development company founded in 1978 by Scott Jacobson and headquartered in Bingham Farms, Michigan. The firm operates a vertically integrated platform spanning land acquisition, site planning, engineering, permitting, construction, marketing, and property management, with a geographic focus on the Midwest markets of Michigan and Illinois. Over its 48-year history, the company has acquired or developed more than 110 communities and completed over 12,000 homes and apartments, and since 2016 has delivered more than 1,800 rental homes representing over $500 million in project value.

The company generates revenue through two primary streams. First, it acquires and develops raw land into finished homesites and sells these lots to national and regional home builders at a price set as a percentage of the final home sale price, effectively a lot-bank transaction model. Second, it develops and operates premier lifestyle multifamily rental communities, generating recurring rental income across a portfolio that includes Uptown Square Troy (383 units), Avant Apartments Ann Arbor (253 units), Midtown Pointe Royal Oak (186 units), Village Place Romeoville (216 units), Orland Ridge (194 BTR townhouses plus 100 ranch villas), Montgomery Place (468 units), and Ashwood Place (60 villas), among others. Notable projects demonstrate adaptive reuse expertise, including converting an obsolete school into the Midtown Pointe Royal Oak townhome community and remediating a brownfield former FedEx distribution center site in Troy using tax increment financing.

The firm is notable for its countercyclical execution: during the 2008 financial crisis, when traditional development financing was unavailable, SRJ partnered with a hedge fund to purchase over 3,000 bank-foreclosed lots across 28 subdivisions at a fraction of replacement cost, achieving 38% unlevered returns. It continues to operate with a lean 9-employee team supplemented by co-development partnerships with firms such as Edward Rose and Sons, Lormax Stern Development Company, and Arco Construction. The company is privately held with no disclosed institutional investment, and leadership is transitioning from founder Scott Jacobson (2025 Builder & Developer Magazine Hall of Fame inductee) to a next generation that includes Maxwell Jacobson, named Illinois Real Estate Emerging Leader of the Year in 2023.

Name

S.R. Jacobson Development Corp.

Legal name

S.R. Jacobson Development Corp.

Website

https://srj.com

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

1–10 employees

Short description

S.R. Jacobson Development Corp. is a privately held Midwest residential and multifamily real estate developer founded in 1978, delivering single-family homesites to builders and lifestyle rental communities in Michigan and Illinois, with over 12,000 homes and apartments completed.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Land Subdivision (23721), New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Property Managers (531311)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Residential General Contracting (New Build) (IMAFAAAB), Urban Renewal, Brownfield Redevelopment & Land Reuse (BPAIANAI)

Keywords

• Residential real estate development
• Multifamily housing development
• Single family communities
• Property management services
• Land development services

Headquarters

HQ city

Bingham Farms

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Homesite Sales to Builders: SRJ acquires and develops land, completing site development and establishing lot banks for homesites which are sold to national and regional builders at a price determined by a percentage of the final home sale price.
2. Multifamily Rental Revenue: The company develops and manages premier lifestyle multifamily apartment communities, generating recurring rental income from residential units.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

S.R. Jacobson Development Corp. acquires raw land in Michigan and Illinois and develops it into premier lifestyle multifamily apartment communities and single-family residential subdivisions, which it then either rents to residents or sells as finished homesites to national and regional home builders. The firm also provides integrated development, construction, and property management services across the lifecycle of each community, including adaptive reuse of obsolete properties and brownfield remediation.

Product overview

S.R. Jacobson Development Corp. operates as a vertically integrated real estate development company offering three core service lines: Multi-Family Rental Apartment Communities, Single-Family Residential Communities, and Development/Construction/Property Management services. The multi-family portfolio includes premier lifestyle apartment communities in Michigan (Uptown Square Troy with 383 units, Midtown Pointe Royal Oak with 186 units, Avant Apartments Ann Arbor with 253 units) and Illinois (Village Place Romeoville with 216 units, Orland Ridge with 194 townhomes and 100 villas, Montgomery Place with 468 units, and Ashwood Place with 60 villas). The single-family division encompasses over 60 named communities across Michigan and Illinois markets. The company leverages its integrated approach combining development expertise, construction management, and property management to deliver high-quality residential projects throughout the Midwest.

Differentiator

Problem solved

Functional benefit

Products and services

• Uptown Square Troy Luxury 383-apartment community in Troy, Michigan featuring resort-inspired pool, fitness center, dog park, and high-end finishes including 9-ft ceilings, quartz countertops, and in-unit washer/dryer. Co-developed with Edward Rose and Sons.
• Midtown Pointe Royal Oak 186-residence luxury apartment and townhome community in Royal Oak, Michigan completed in 2021, featuring full-size basements in each townhome, Peloton bikes, EV charging, and pet spa. Co-developed with Arco Construction.
• Avant Apartments Ann Arbor 253-unit luxury multi-housing development in Ann Arbor, Michigan completed in 2024, offering one, two, and three-bedroom flats and townhomes averaging 1,029 square feet near University of Michigan.
• Village Place Romeoville 216-apartment luxury rental community in Romeoville, Illinois featuring smart home features, pool, fitness center, walking trails to O'Hara Woods Nature Reserve, and Hub by Amazon package service.
• Orland Ridge Towns and Villas Upscale rental community in Orland Park, Illinois offering 194 build-to-rent townhouses and 100 ranch villas with pickleball courts, heated pool, fitness center, and proximity to Orland Park Nature Center. Co-developed with Lormax Stern Development Company.
• Montgomery Place Montgomery Premier 468-apartment community in Montgomery, Illinois featuring resort-inspired amenities including clubhouse, pool, dog spa, and easy access to Metra Station for Chicago commute.
• Ashwood Place Townhomes 60-ranch villa community in Naperville, Illinois developed in 2018-2019 featuring single-story layouts, attached garages, pond views, and condo-style living in district 204 schools.
• Multi-Family Rental Apartment Communities Premier lifestyle multifamily rental communities featuring modern amenities, resort-inspired pools, fitness centers, and contemporary apartment designs in Michigan and Illinois markets.
• Single-Family Residential Communities Residential homesite developments transforming raw land into vibrant communities through land acquisition, site planning, engineering, permitting, and construction across Michigan and Illinois.
• Development Services Comprehensive development services including site design, land development, project management, and strategic navigation from pre-construction to completion.
• Construction Services Construction management services handling all tasks necessary to complete superior residential projects while managing owner expectations.
• Property Management Property management services with decades of collective experience, providing custom management strategies tailored to meet goals for all stakeholders.

Quantifiable outcome

• 38% unlevered returns from distressed asset program partnership with hedge fund during 2008 recession
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Edward Rose and SonscoreStrategic or Co-development PartnerCo-development partner for Uptown Square Troy luxury apartment community (383 residences). Edward Rose and Sons is a joint venture partner in this major Troy, MI development located in the Big Beaver Corridor.
• Arco ConstructioncoreStrategic or Co-development PartnerCo-development partner for Midtown Pointe Royal Oak (186 residences). Arco Construction served as the construction partner for this contemporary apartment community completed in 2021.
• Lormax Stern Development CompanycoreStrategic or Co-development PartnerCo-development partner for Orland Ridge Towns and Villas in Orland Park, IL (194 BTR townhouses and 100 ranch villas). Lormax Stern Development Company partnered on this upscale rental home community.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/s.r.-jacobson-development-corp.

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about S.R. Jacobson Development Corp.