Cypress Development
- Company typePrivate
- Founded2020
- HeadquartersScottsdale, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Cypress Development does
Cypress Development Partners, LLC is a privately held, Scottsdale-based commercial real estate firm founded in 2020 that exclusively develops and manages healthcare properties across the United States. The company operates a design/bid/build development platform covering strategic planning, market feasibility, site identification, land acquisition, entitlements, design engineering, construction oversight, and project financing for medical office buildings, ambulatory surgery centers, cath labs, and specialty clinical facilities. Since inception, the firm has delivered approximately $135 million in realized project value across 275,000 square feet, with an additional $150 million in projects currently in planning.
The business model combines professional services revenue from development fees and construction oversight, equity investment income from $60 million in owned healthcare properties, and — as of June 2026 — recurring managed services revenue through the newly launched CDP Manage property management subsidiary. Customers include integrated health systems, regional physician groups, ambulatory surgery center operators, and institutional capital sponsors; named clients span orthopedics (Orthopedic & Spine Centers of Wisconsin, HOPCo), urgent care (Accelerated Urgent Care), cardiology, and behavioral therapy (Action Behavior Centers). Distribution is achieved through direct enterprise sales led by Managing Partner Jason Anzalone and Partner Chris Cumella, augmented by broker partnerships with CBRE, Menlo Group, and Lee & Associates.
The company is vertically integrated across the asset lifecycle, with leadership carrying $1 billion+ in cumulative development experience and a 93% repeat client rate across tenants, physicians, capital sources, health systems, and landowners. Geographic coverage spans the Southwest, Midwest, and West Coast, with active markets in Arizona, California, and Wisconsin. The firm operates without disclosed institutional venture or private equity backing, deploying capital through institutional, private, and internal sources on an opportunistic basis.
Cypress Development firmographics
Firmographics- Name
- Cypress Development
- Legal name
- Cypress Development Partners, LLC
- Website
- https://cypressdevelopment.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Cypress Development industry classification
Industry- Product category
- Healthcare Real Estate Development
- NAICS
- Other Activities Related to Real Estate (531390), Real Estate Property Managers (53131)
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)
- akta.pro secondary industry
- Healthcare & Medical Office Property Management (BPAJAGAF)
Keywords
Where Cypress Development is headquartered
LocationHeadquarters
- HQ city
- Scottsdale
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Cypress Development business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Healthcare Property Development: End-to-end real estate development services for healthcare providers including ground-up development, strategic repositioning, and redevelopment of medical office buildings and ambulatory surgery centers. Revenue generated through development fees, construction oversight, and project delivery.
- CDP Manage Property Management: Boutique facilities and property management services for high acuity healthcare facilities including single-tenant net lease assets, ASCs, diagnostic imaging, and oncology facilities. New division launched in June 2026.
- Healthcare Real Estate Investment: Acquisition and repositioning of healthcare properties with $60M in equity investments. Revenue generated through property appreciation, lease income, and strategic repositioning.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom Development Projects |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Cypress Development product offering
Product offeringCore offering
Cypress Development Partners provides end-to-end commercial real estate development services exclusively for the healthcare sector, including strategic planning, market feasibility, site identification, land acquisition, entitlements, design/engineering administration, construction management, and project financing for medical office buildings and ambulatory surgery centers. Since June 2026 it has expanded into ongoing property management through its CDP Manage division serving high-acuity healthcare facilities such as ASCs, diagnostic imaging, and oncology centers.
Product overview
Cypress Development Partners operates as a healthcare property development and management company offering a dual-product structure. The core offering is their Healthcare Real Estate Development Services platform, providing end-to-end development from strategic planning through construction delivery for medical office buildings, ambulatory surgery centers (ASCs), and specialty healthcare facilities. This is complemented by CDP Manage, a property management service launched in 2026 that extends their capabilities into ongoing facilities management for high acuity healthcare properties. Together, these offerings enable the company to serve as a vertically integrated partner from initial project planning through long-term property operations.
Differentiator
Problem solved
Functional benefit
Products and services
- Healthcare Real Estate Development Services Full-service healthcare-focused commercial real estate development platform offering end-to-end solutions from strategic planning, market feasibility, site identification, land acquisition, entitlements, design/engineering administration, and construction management through project financing for medical office buildings, ambulatory surgery centers, and specialty healthcare facilities serving physician groups, health systems, and capital sponsors.
- CDP Manage Boutique facilities and property management platform providing comprehensive property management services for high-acuity healthcare facilities including single-tenant net lease assets, ambulatory surgery centers, diagnostic imaging, and oncology facilities nationwide.
Quantifiable outcome
- 93% repeat client rate across tenants/physicians, capital sources, health systems, and building/landowners
- +2 more outcomes
Companies that use Cypress Development
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Cypress Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Cypress Development partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered minor, core and major.
- Vogel Bros. Building Co.minorGeneral contractor for Middleton Medical Collaborative ground-up construction. Served as GC for the project that broke ground May 2025 and achieved Certificate of Occupancy January 2026.
- Orthopedic & Spine Centers of Wisconsin (OSCW)corePrimary development partner for Middleton Medical Collaborative orthopedic ambulatory surgery center. OSCW is a rapidly expanding regional orthopedic group providing clinical tenant anchor for the 12,500 sqft facility in Middleton, WI.
- Healthcare Outcomes Performance Company (HOPCo)majorStrategic backing partner for Middleton Medical Collaborative project, providing operational expertise and performance systems for the orthopedic surgery center development.
- CBRE (Justin Hucek and Chase Brieman)majorLeading commercial real estate brokerage representing Cypress Development Partners in site selection and transaction structuring for the Middleton Medical Collaborative development.
- HGA ArchitectsminorArchitecture firm providing base building design services for Middleton Medical Collaborative orthopedic surgery center.
- Erdman (Vogel Erdman)minorArchitecture firm providing tenant improvement architectural design for Middleton Medical Collaborative project.
- Hammel, Green and Abrahamson (HGA)minorArchitecture firm providing base building architectural services for Middleton Medical Collaborative project.
- Campbell DevelopmentminorGeneral contractor for Ocotillo Medical Collaborative project in Queen Creek, AZ.
- Dalke DesignminorProject architect for Ocotillo Medical Collaborative in Queen Creek, AZ.
- Civil & Environmental ConsultantsminorCivil engineering consultants for Ocotillo Medical Collaborative project.
- Design EthicminorLandscape architecture firm for Ocotillo Medical Collaborative project.
- Menlo Group (Mark Haslip, Steve Berghoff)majorCommercial real estate brokerage handling leasing for Ocotillo Medical Collaborative and Baywood Medical Collaborative properties.
- Lee & Associates (Greg Guglielmino)majorCommercial real estate brokerage representing cardiology practice tenant for Baywood Medical Collaborative lease in Mesa, AZ.
- WWCIminorGeneral contractor for Bakersfield Medical Collaborative urgent care development project completed August 2020.
- Tri-Arc Architecture & DesignminorArchitecture firm for Bakersfield Medical Collaborative urgent care project delivering interior and exterior renovations for Accelerated Urgent Care.
Scale indicators12 records
Recent moves7 records
Expansion highlights5 records
Cypress Development competitors and assessment
Company assessmentDirect peers
- NexCore Group: Healthcare-specialized real estate developer that delivers MOBs, ASCs, and outpatient facilities via single-source development platforms. Operates in a similar size bracket and with a comparable multi-stakeholder partnership model to Cypress.
- Anchor Health Properties: Nationwide, healthcare-focused real estate development firm building and managing medical office buildings, ambulatory care, and post-acute facilities. Closest like-for-like peer to Cypress in terms of integrated development + property management for healthcare-only clients.
- Rendina Healthcare Real Estate (now part of Anchor): Long-standing healthcare real estate developer specializing in MOBs, ASCs, and diagnostic facilities for hospital systems and physician groups. Comparable scope of services, customer segments, and project sizes to Cypress.
- Hammes Partners: Healthcare-focused real estate advisory and development firm with deep national experience across MOBs, ambulatory facilities, and hospital outpatient projects. Mirrors Cypress's vertical specialism and integrated development capabilities.
- PMB (Provident Medical Buildings / Cataldo): Healthcare-only real estate developer specializing in MOBs, ASCs, and post-acute facilities for hospitals, health systems, and physician groups. Closely comparable in service mix, project size, and project lifecycle coverage to Cypress.
Broad incumbents
- Medical Properties Trust: Public healthcare REIT focused on general acute care and post-acute facilities. Competes with Cypress indirectly for healthcare capital deployment and signals where institutional capital flows in the healthcare real estate space.
- JLL Healthcare (Jones Lang LaSalle): Diversified commercial real estate services platform with a dedicated healthcare practice delivering investment sales, development advisory, project management, and leasing for healthcare properties. Comparable to Cypress on the advisory/development side but as part of a far broader platform.
- Healthcare Realty Trust: Public REIT that owns and operates a large portfolio of medical office buildings and outpatient facilities adjacent to hospitals. Overlaps with Cypress on healthcare real estate and with CDP Manage on property management, but at vastly greater scale and as a capital-owner rather than developer.
- CBRE Healthcare Advisory & Transaction Services: Global commercial real estate firm with a healthcare specialty that brokers, develops, and invests in medical office and healthcare facilities. Partner of Cypress on Middleton Medical Collaborative but also an indirect competitor in larger healthcare development mandates.
Emerging players
- Flagship Healthcare Trust: Healthcare-specialized REIT that acquires, develops, and manages outpatient medical properties primarily in the Mid-Atlantic and Southeast. Comparable focus on medical office buildings and ambulatory facilities; smaller than Healthcare Realty but actively growing its development pipeline.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Cypress Development social profiles
Digital presenceCypress Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cypress Development leadership team
Management profileNumber of profiles
Profiles3 records
Cypress Development subsidiaries and ownership
Company hierarchySubsidiaries1 record
Cypress Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cypress Development 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 Cypress Development
What does Cypress Development do?
Cypress Development Partners provides end-to-end commercial real estate development services exclusively for the healthcare sector, including strategic planning, market feasibility, site identification, land acquisition, entitlements, design/engineering administration, construction management, and project financing for medical office buildings and ambulatory surgery centers. Since June 2026 it has expanded into ongoing property management through its CDP Manage division serving high-acuity healthcare facilities such as ASCs, diagnostic imaging, and oncology centers.
Is Cypress Development a public or private company?
Cypress Development is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Cypress Development founded?
Cypress Development was founded in 2020. It employs 11 to 50 people.
Where is Cypress Development based?
Cypress Development is headquartered in Scottsdale, United States, in the North America region.
How does Cypress Development make money?
Three revenue lines are on record. Healthcare Property Development is the primary driver. The others are CDP Manage Property Management and healthcare Real Estate Investment.
Who are Cypress Development's main competitors?
Direct peers on record are NexCore Group, Anchor Health Properties, Rendina Healthcare Real Estate (now part of Anchor), Hammes Partners and PMB (Provident Medical Buildings / Cataldo). Broad incumbents are Medical Properties Trust, JLL Healthcare (Jones Lang LaSalle), Healthcare Realty Trust and CBRE Healthcare Advisory & Transaction Services. Flagship Healthcare Trust is listed as an emerging player.
Does Cypress Development have an API?
No public API is recorded for Cypress Development.
What industry is Cypress Development in?
Cypress Development's product category is Healthcare Real Estate Development. Its primary akta.pro industry code is BPAJANAC, Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support), with a secondary code of BPAJAGAF, Healthcare & Medical Office Property Management. Its NAICS code is 531390 and its SIC code is 6531.