Urban Moment Development Company Profile

Background

Company Overview

Urban Moment Development (UMD) is a real estate enterprise specializing in the acquisition, development, construction, and asset management of horizontal multi-family communities. Established in 2003, UMD operates primarily in Texas and select markets, offering communities under the brand names YardHomes® and Urbana®. These developments blend traditional single-family comfort with modern multi-family convenience, each residence featuring private backyards.

Mission and Vision

UMD's mission is to develop innovative rental communities that provide diverse and flexible living experiences for residents and their pets, emphasizing private spaces, convenience, and modern amenities. The company envisions creating communities that harmoniously blend the comfort of single-family homes with the services and amenities of multi-family living.

Industry Significance

Operating within the real estate development sector, UMD addresses the growing demand for quality rental communities that offer a balance between privacy and community amenities. By focusing on horizontal multi-family developments, UMD contributes to the diversification and modernization of rental housing options, catering to a wide range of residents seeking comfortable and convenient living spaces.

Key Strategic Focus

Core Objectives

UMD aims to:

• Develop and manage high-quality horizontal multi-family communities.

• Provide residents with private, comfortable living spaces complemented by modern amenities.

• Expand its presence in Texas and other select markets through strategic partnerships and developments.

Areas of Specialization

UMD specializes in:

• Horizontal multi-family community development.

• Asset management and construction of rental properties.

• Creating communities that blend single-family home comfort with multi-family living conveniences.

Key Technologies Utilized

While specific technologies are not detailed, UMD emphasizes:

• High-performance insulation and HVAC systems.

• 100% electric homes.

• LED lighting and energy-efficient appliances.

• Smart home technology.

• EV charging stations and hookups.

Primary Markets Targeted

UMD primarily targets:

• Texas, with developments in cities like Austin, San Antonio, and Round Rock.

• Select other markets where there is a demand for quality rental communities.

Financials and Funding

Funding History

Specific details regarding UMD's funding history, total funds raised, recent funding rounds, and notable investors are not publicly disclosed.

Utilization of Capital

The capital raised is likely utilized for:

• Acquiring land for new developments.

• Construction and development of rental communities.

• Asset management and operational expenses.

Pipeline Development

Key Pipeline Candidates

UMD's notable developments include:

• YardHomes® Juniper Pointe: Located in San Antonio, Texas, with 248 units, currently leasing.

• YardHomes® Meadow Lake: Situated in Round Rock, Texas, comprising 247 units, currently leasing.

• Urbana® Goodnight Ranch: Located in Austin, Texas, with 151 units, completed.

Stages of Development

The developments are at various stages:

• Leasing: Juniper Pointe and Meadow Lake are in the leasing phase.

• Completed: Goodnight Ranch has been completed.

Target Conditions

The developments target:

• Residents seeking private, comfortable living spaces with modern amenities.

• Individuals and families desiring a blend of single-family home comfort and multi-family living conveniences.

Anticipated Milestones

Specific timelines for future milestones are not publicly disclosed.

Technological Platform and Innovation

Proprietary Technologies

UMD incorporates:

• High-performance insulation and HVAC systems.

• 100% electric homes.

• LED lighting and energy-efficient appliances.

• Smart home technology.

• EV charging stations and hookups.

Significant Scientific Methods

While specific scientific methods are not detailed, UMD emphasizes:

• Sustainability in development projects.

• Energy and cost efficiency.

• Smart home technology integration.

Leadership Team

Key Executives

• Jim Campbell: Chairman of the Board and Senior Vice President of Corporate Development and Founder.

• David Clawson: Vice President of Construction.

• Kelly Dwyer: Senior Vice President of Asset Management.

• Jessica Davisson: President.

• James Voight: Vice President of Construction.

• Jessica King: Development Manager.

Professional Backgrounds and Contributions

Specific professional backgrounds and contributions of the leadership team are not publicly detailed.

Competitor Profile

Market Insights and Dynamics

The real estate development market, particularly in the horizontal multi-family sector, is characterized by:

• Growing demand for quality rental communities.

• Emphasis on sustainability and energy efficiency.

• Integration of smart home technologies.

Competitor Analysis

UMD operates in a competitive landscape with several key players, including:

• Evergreen Real Estate: Focuses on real estate development and management.

• The Claremont Companies: Engages in real estate development and management.

• Hall Equities Group: A private, full-service real estate investment, development, and property management company.

• Wimmer Communities: A family-owned firm involved in real estate development, brokerage, construction, and property management.

• Forge Partners: Specializes in value investing and value-added development.

Strategic Collaborations and Partnerships

UMD has partnered with a well-known institutional real estate private equity firm to develop Urbana® and YardHomes® communities throughout Texas.

Operational Insights

UMD differentiates itself through:

• A focus on horizontal multi-family developments.

• Integration of modern amenities with private living spaces.

• Commitment to sustainability and energy efficiency.

Strategic Opportunities and Future Directions

Strategic Roadmap

UMD plans to:

• Expand its portfolio of horizontal multi-family communities.

• Enhance the integration of smart home technologies.

• Continue partnerships to accelerate development in key markets.

Future Business Directions

UMD is positioned to:

• Address the increasing demand for quality rental communities.

• Leverage its expertise in horizontal multi-family developments.

• Implement innovative technologies to enhance resident experience.

Opportunities for Expansion

Potential expansion opportunities include:

• Entering new geographic markets with high demand for rental communities.

• Developing new community models that cater to diverse resident needs.

Positioning for Future Objectives

UMD's strengths in development, construction, and asset management position it well to achieve future objectives in the evolving real estate market.