Select Development

Affordable Housing Developmentselectdevelopmentllc.com

Select Development LLC is a privately held, Saint Louis-based boutique real estate development firm that develops and preserves affordable multi-family housing using Low-Income Housing Tax Credits, Historic Preservation Tax Credits, and Tax-Exempt Bonds, serving working-class families, government housing authorities, and non-profit partners in Missouri.

Company typePrivate
Founded-
HeadquartersSaint Louis, United States
Headcount1–10
GTM typeB2B
OfferingServices

What Select Development does

Select Development LLC is a privately held, boutique real estate development firm headquartered in Saint Louis, Missouri, specializing in the development and preservation of affordable multi-family housing. The firm operates as an end-to-end service provider organized around four phases — Pre-Development, Development, Post Loan, and Preservation — and is differentiated by deep expertise in federal and state affordable housing finance programs, specifically Low-Income Housing Tax Credits (LIHTC), Historic Preservation Tax Credits, and Tax-Exempt Bonds. Its principals cite a track record of more than 3,000 affordable housing apartments and $300M+ of development value, with completed project sizes ranging from a handful of units to over 280 units.

The business model is professional services-based: Select Development earns development fees and equity returns on affordable housing projects, targeting working-class and lower-income families through rent-restricted units. Go-to-market is sales-led and relationship-driven, relying on direct engagement with municipal officials, city planners, state housing finance agencies, government housing authorities, and non-profit partners. The firm has formalized its capacity through the Fulson-Select JB joint venture with Fulson Housing Group and maintains institutional partnerships with Columbia Housing Authority and Cardinal Ritter Senior Services. Three named projects illustrate its range — Botanical Heights (a 19-unit gut rehabilitation in St. Louis), Garfield Place Apartments (supportive housing for individuals with severe mental illness), and Chloe Place Apartments (a 25-unit new construction in Hannibal, Missouri).

The firm is small (1–10 employees) and operates with no disclosed external funding, no parent company, and no M&A activity; leadership consists of President Eric McMahon (18+ years of real estate development, formerly a partner at ND Consulting Group) and Vice President Tracy Perotti (architecture and construction management background). Its operating geography is currently regional — focused on Missouri, with St. Louis and Hannibal named markets — and pricing is project-specific and not publicly disclosed.

Select Development firmographics

Firmographics

Name: Select Development
Legal name: Select Development LLC
Website: https://selectdevelopmentllc.com
Company type: Private
Operating status: Operating
Headcount range: 1–10 employees
Short description: Select Development LLC is a privately held, Saint Louis-based boutique real estate development firm that develops and preserves affordable multi-family housing using Low-Income Housing Tax Credits, Historic Preservation Tax Credits, and Tax-Exempt Bonds, serving working-class families, government housing authorities, and non-profit partners in Missouri.
Ownership category
akta.pro rank

Select Development industry classification

Industry

Product category: Affordable Housing Development
NAICS: New Housing For-Sale Builders (236117), Land Subdivision (2372), Administration of Housing Programs, Urban Planning, and Community Development (925)
SIC: Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)
akta.pro primary industry: Residential Affordable Housing Development & Construction (IMAFABAI)
akta.pro secondary industries: Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

Affordable housing development
Low-income housing tax credits
Multi-family housing
Historic preservation tax credits
Tax-exempt bond financing

Where Select Development is headquartered

Location

Headquarters

HQ city: Saint Louis
HQ country: United States
HQ region: North America

Offices1 record

Markets served

Select Development business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Operations, Marketing or Sales

Revenue model

Affordable Housing Development Services: Development fees and equity returns from affordable housing projects financed through Low-Income Housing Tax Credits, typically serving working class and lower income families with rent-restricted units.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Select Development product offering

Product offering

Core offering

Select Development is a boutique real estate development firm that specializes in developing and preserving affordable multi-family housing. The firm provides end-to-end affordable housing development services — including pre-development, development, post-loan, and preservation services — and structures financing primarily through Low-Income Housing Tax Credits (LIHTC), Historic Preservation Tax Credits, and Tax-Exempt Bonds. It partners with government housing authorities, municipalities, and non-profit organizations to develop rent-restricted projects for working class and lower income families.

Product overview

Select Development is a boutique real estate development firm that operates as a single integrated service offering rather than a platform-plus-modules architecture. The company provides end-to-end affordable housing development services organized into four key phases: Pre-Development, Development, Post Loan, and Preservation. The firm specializes in leveraging Low-Income Housing Tax Credits, Historic Preservation Tax Credits, and Tax-Exempt Bonds to finance affordable housing projects. The portfolio includes three named development projects: Botanical Heights Apartments (a 19-unit gut rehab and renovation project), Garfield Place Apartments (a 20+ unit supportive housing program for individuals with severe mental illness), and Chloe Place Apartments (a 25-unit new construction with accessible units). Projects range from a few units to more than 280 units, with principals having completed over 3,000 apartments financed primarily with Low-Income Housing Tax Credits.

Differentiator

Problem solved

Functional benefit

Products and services

Pre-Development Services Early-stage development planning including site selection, financial projections, and comprehensive pre-development budgeting for affordable multi-family housing projects.
Development Services Oversight and coordination of the project's architect, engineers, and general contractor; developing and updating financial projections including comprehensive development and construction budgets.
Post Loan Services Services provided after loan origination to support project completion and stabilization of affordable housing developments.
Preservation Services Preparing owners to operate affordable housing developments once placed in service, including ongoing compliance with tax credit requirements.
Botanical Heights Apartments Completed affordable housing project consisting of a gut rehabilitation of a vacant 3-story apartment building and moderate renovation of three other apartment buildings, comprising 19 units, located in St. Louis' Botanical Heights neighborhood.
Garfield Place Apartments Completed supportive housing program for men and women diagnosed with severe mental illness who are experiencing or facing risk of homelessness, located at 2612 Wyoming Street, St. Louis, MO.
Chloe Place Apartments New apartment complex with 25 total units ranging from 1 to 3 bedrooms, with 12 units offering accessibility features for persons with disabilities, located at 100 Chloe Place, Hannibal, Missouri.

Quantifiable outcome

Over 3,000 affordable housing units developed

Companies that use Select Development

Customer profile

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Select Development technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Select Development partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core and minor.

Fulson Housing GroupcoreStrategic or Co-development PartnerJoint Venture partnership (Fulson-Select JB) bringing together decades of affordable real estate finance and development experience from diverse professional disciplines.
Columbia Housing AuthorityminorOthersGovernment housing authority partner referenced on company website as a collaborative relationship in affordable housing development.
Cardinal Ritter Senior ServicesminorOthersNon-profit senior services organization partnered on affordable housing development projects.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Select Development competitors and assessment

Company assessment

Market position

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Select Development financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Select Development leadership team

Management profile

Number of profiles

Profiles2 records

Select Development funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Select Development M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Select Development

What does Select Development do?

Is Select Development a public or private company?

Select Development is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Select Development founded?

Select Development was founded in -1. It employs 1 to 10 people.

Where is Select Development based?

Select Development is headquartered in Saint Louis, United States, in the North America region.

How does Select Development make money?

One revenue line is on record: affordable Housing Development Services.

Does Select Development have an API?

No public API is recorded for Select Development.

What industry is Select Development in?

Select Development's product category is Affordable Housing Development. Its primary akta.pro industry code is IMAFABAI, Residential Affordable Housing Development & Construction, with a secondary code of FSALAKAF, Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans). Its NAICS code is 236117 and its SIC code is 6552.