Development

PSG Development

We are a vertically integrated real estate development company, focused on the Mid-Atlantic region. We are proficient in carrying out residential, commercial and light industrial ground up development, as well as adaptive reuse of historic and distressed structures. Committed to innovation and leadership, we achieve excellence through our disciplined approach to creating sustainable small communities. We add value through a combination of working with local governments and civic associations, controlling construction costs, and leveraging our asset and property management experience.

Our Services

Advisory

We are experts in multifamily, mixed-use and self-storage development projects. We turn our clients’ vision into reality by treating their projects as our own. With comprehensive solutions for capital stack structuring and deep administrative relationships in Mid-Atlantic, we bring value by creating a project-specific development plan and executing on it.

Financial Modelling

As experienced developers, we know the value and, more importantly, the limitations of financial modeling as it applies to real estate projects. We provide a no-nonsense advice on our clients’ financial plans for their projects, as well as aid in creating financial models from scratch. Armed with years of development experience, we solve our clients’ financial modeling challenges however complex.

Owner Representation

We provide owner representation services to clients who seek additional oversight of the 3rd parties managing their projects, or whose projects would benefit from an expert review of the development timeline and capital structure. From the creation of development plans to conducting on-site inspections of the ongoing construction, we serve as our client’s trusted advisors and executors or their vision in ensuring long-term success of their projects.
Our Team
Eugene Poverni

Eugene Poverni

President, PSG Development
Greg Kostrikin

Greg Kostrikin

COO
Ibrahim Sheikh

Ibrahim Sheikh

VP, Construction Oversight
Kirill Boyko

Kirill Boyko

VP, Accounting
Mohsin Rizvi

Mohsin Rizvi

Senior Associate, Accounting
Shimon Kanter

Shimon Kanter

VP, Development & Acquisitions
Vlad Popik

Vlad Popik

Associate, Accounting

Portfolio

Our developments consist in mixed use facilities, residential buildings, commercial and office spaces.

See projects