Our Portfolio

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Purchased a 100-unit mini-storage facility for $1.2M in 2022. Immediately improved security, introduced automated billing, and realigned below-market rates—driving a 30% revenue increase within months.

“Lock and Key exemplifies our ability to spot undervalued deals, close quickly under tight timelines, and implement high-impact improvements.”

Acquired a 20,000 sq. ft. Class A office building for $7.2M in 2022, with partial funding through a multiple (3) combined 1031 exchanges.

“Even in today’s evolving office market, the Rideout Building generates consistent cash flow thanks to strategic leasing, prime location, and proactive tenant relations.”

Acquired an off market vacant fraternity house near the University of Washington for $5.25M (late 2024). Explored multiple redevelopment strategies before accepting a $7.4M purchase offer with a one-year closing in October 2025.

“Simeon Development showcases our ability to move quickly on rare infill opportunities and create substantial upside within a short timeframe.”

Final stages of permitting for a 104-unit apartment complex (studios, 1BDs, and 2BDs) plus 24 underground parking spaces in a high-demand North Seattle submarket.

“By combining thoughtful design with rigorous underwriting, Stone Development positions us to meet the ongoing demand for quality housing in Seattle.”

Stable Cash Flow: High-occupancy rentals benefiting from a robust local economy and the presence of Colorado State University.

Year-Round Appeal: Popular ski and outdoor destination, generating premium nightly rates in both winter and summer seasons.

Tropical Hotspot: Consistently strong tourist demand, professional guest services, and rigorous marketing to maximize occupancy and revenue.

Dual Revenue Stream: Scenic property catering to travelers and wedding parties; event bookings significantly boost revenue beyond standard nightly rates.

• Scale: 26 units, $13M total cost, 18% profit margin at sellout.
• Key Strategy: Parcel assembly reduced off-site utility costs per unit.

• Scale: 21 single-family units; 12% margin at sellout despite challenging topography and lower-priced neighborhood.
• Outcome: Successfully navigated steep slopes and environmental setbacks through tailored design solutions.

• Project Scope: 8 pioneering net-zero townhomes in collaboration with the City, County, Master Builders, and local institutions.
• Innovative Approach: Among the earliest large-scale net-zero residential projects in the U.S., incorporating solar power, advanced insulation, and water conservation systems. Post-occupancy data confirmed true net-zero energy usage.
• Financial Reality: Construction began in 2008 amid the financial crisis. Despite land concessions and cutting-edge design, the downturn led to a $500K loss on the $5M project. However, the project provided international recognition for Ichijo Ltd. (the Japanese partner), served as a model for future green-building practices, and underscored our team’s willingness to innovate even in uncertain markets.

“ZHome was a high-profile, pioneering foray into sustainable development. Despite economic headwinds, we proved our capacity to execute innovative projects that push the envelope of traditional homebuilding.”

• Yes! Howland Homes was the lead builder on the Kirkwood Home, episode season 3, episode 14. The 2 hour special highlighted the difficult build due to Northwest winter weather. From ground up the 3000 sf home was completed on time in 105 hours.