Capital for Development

USAA Real Estate thoroughly understands the development process, from national real estate dynamics to local site selection, entitlements, construction and lease-up. We have created a developer-friendly capital program, featuring:

Flexibility and Simplicity

USAA Real Estate is well versed in customizing the terms of each investment partnership in ways that meet each transaction's particular requirements. Lease terms, capital pricing, project phasing, partnership mechanics, asset management, accounting, investment horizon, exit strategy, tax treatment and a variety of other matters are well within USAA Real Estate’s expertise.

USAA Real Estate can provide up to 100% of the project’s capital (equity and debt, typically non-recourse), whereby the funds are drawn from a single source during the project’s development, and the investment partnership and cash flows are governed by a single set of documents.

Responsiveness & Confidence

USAA Real Estate has significant financial capacity for development and can commit to a project in as little as three weeks.

Development & Project Management Expertise

Developers and tenants benefit from USAA Real Estate’s experience as a partner and co-pilot through the often complex development process.

Our developments include warehouses, office buildings, apartment complexes, shopping centers, hotels and mixed-use projects. Tenants and users include the General Services Administration, AT&T, Federal Express, IBM, Igloo Products Corp., Kraft Foods, Tesoro Energy and many others. Partners have included many of the top names in national real estate development, including The Patrinely Group, Gables Residential, Cambridge Development, Seefried Properties, Wood Partners, Pizzuti, among others.


(800) 531-8182


David Buck

Lange Allen


Dirk Mosis


Hailey Ghalib


Phillip Moltz

Follow Us:

USAA Real Estate on FacebookUSAA Real Estate on LinkedInUSAA Real Estate on Twitter