Matthew Iak
The investment leaders behind Fort Worth-based U.S. Energy Development Corp. have launched U.S. Property Development LLC, a private real estate investment company primarily focused on investing in industrial, self-storage, and commercial real estate in the United States.
While independent from USEDC’s oil and gas operations, the new firm builds on the leadership team’s experience in asset-based investments and leverages operational efficiencies from a shared back-office platform carrying forward USEDC’s commitment to operational excellence, the firm said.
“Our team at U.S. Property Development brings a wealth of expertise in identifying and developing real estate with strong revenue potential,” Matthew Iak, CEO of U.S. Property Development, said in a statement. “We invest our own capital first, inviting partners to join us and invest alongside us. This aligned approach maximizes returns and reinforces our commitment to delivering outstanding results.”
Recent projects and overarching philosophy
The owners of U.S. Property Development have been involved in more than $50 million in projects over the past 18 months, the company said.
U.S. Property Development’s portfolio includes a $12 million investment in a five-building automotive auction facility spanning 92,037 square feet on a 39-acre site in Springfield, Missouri. It has also invested in two self-storage developments: a 23,422 square-foot, 154-unit facility in Lewiston, New York, and a 76,850 square-foot facility under development in Hamburg, New York, that will offer 542 units upon completion.
HQ is in the historic Armour building
The firm said its advisory role in the development of its headquarters ‘stands out as a key achievement.’ The company is located in The Armour building, a historic, 50,000-square-foot, three-story property in the Fort Worth Stockyards Historic District. The firm said the building will house U.S. Property Development, USEDC, and other tenants. It’s scheduled to open this year.
“Owners of both USEDC and U.S. Property Development are second-generation leaders in the investment space inspired by the first generation’s entrepreneurial spirit,” Iak said. “For decades, USEDC and its leadership team have operated with an investor-first philosophy, building a solid foundation through strategic energy investments. Now, with launch of U.S. Property Development, members of the leadership team at USEDC and the family office are extending their proven platform to support their longstanding commitment to hard assets, particularly in real estate, creating a seamless expansion that allows partners to participate directly in carefully selected property investments.”
USEDC and U.S. Property Development will be supported by a unified back-office infrastructure, streamlined processes, and a cohesive cultural vision centered on excellence and investor alignment with leveraging an established business model to deliver consistent value to all stakeholders, the company said. USEDC said that integrated foundation reduces costs, enhances service quality, and supports strong partnerships through transparency, efficiency, and alignments, enabling collaborative, long-term success.
Don’t miss what’s next. Subscribe to Dallas Innovates.
Track Dallas-Fort Worth’s business and innovation landscape with our curated news in your inbox Tuesday-Thursday.
R E A D N E X T
-
North Texas has plenty to see, hear, and watch. Here are our editors' picks. Plus, you'll find more selections to "save the date."
-
Premature babies diagnosed with bronchopulmonary dysplasia (BPD) face the risk of rehospitalization, delayed brain development, and respiratory problems throughout childhood. No FDA-approved therapies are available for BPD—which is why the new FDA designation for AyuVis's drug candidate, AVR-48, could lead to game-changing impact.
-
MAA has long made its presence known with marquee projects across the Panther City. Now it's put down roots with a new office on West 7th Street, adding to its offices in Dallas, Austin, Cincinnati, and Charlotte.
-
“Some moments are priceless.” Fort Worth-based Bison Coolers .... reflecting on the company's Google Super Bowl ad appearance, via LinkedIn. Despite the Cowboys missing out on Super Bowl LIX, a Fort Worth family business scored big during the championship game. Bison Coolers, founded by former Southwest Airlines employee Jeremy Denson in 2011, was featured in Google's "50 States, 50 Stories" campaign highlighting how small businesses use AI technology and the tech giant’s Gemini for Workspace. The opportunity almost slipped away when Denson initially dismissed Google's email as a routine update while at a trade show, according to the Dallas Business…
-
“Our goal was to create a digital destination that promotes Fort Worth as a premier business location, complementing the economic development efforts of our partners at the city of Fort Worth,” said Fort Worth EDP President and CEO Robert Allen.
