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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
Mr. Poverni’s expertise encompasses structuring and managing of the development life cycle, from project feasibility studies, to site control, financing, syndication, construction management, asset stabilization and disposition. Mr. Poverni founded the firm in 2011 and continues to be
Greg Kostrikin

Greg Kostrikin

VP, Development & Acquisitions
An experienced strategic advisor to the real estate finance industry, specializing in enterprise and transaction risk management. Mr. Kostrikin’s background includes time with Morgan Stanley and PHH, focusing on risk-modeling & financial underwriting. Mr. Kostrikin holds a B.S.
Ibrahim Sheikh

Ibrahim Sheikh

VP, Construction Oversight
Mr. Sheikh has over 10 years of experience in the Baltimore construction and development fields, with a particular focus on adaptive reuse. Mr. Sheikh oversees PSG general contracting division and is focused on design-building PSG’s projects. Mr. Sheikh
Kirill Boyko

Kirill Boyko

Assistant Vice President - Accounting and Corporate Finance
Kirill Boyko is an Assistant Vice President of Accounting and Corporate Finance, in charge of the budget review, cash flow management, financial statement preparation and analysis for the firm.  Prior to joining Poverni Sheikh Group, Kirill Boyko worked
Mohsin Rizvi

Mohsin Rizvi

Senior Associate, Accounting
Mr. Rizvi is a Finance and Asset Management Senior Associate at Poverni Sheikh Group. Mr. Rizvi coordinates the company's accounts payable function, as well as other internal financing activity. Mr. Rizvi has been with Poverni Sheikh Group since
Shimon Kanter

Shimon Kanter

AVP, Development & Acquisitions
Mr. Kanter is the AVP of development at the Poverni Sheikh Group, LLC. Mr. Kanter was most recently on the acquisitions team at Corporate Office PropertiesTrust (COPT) a REIT based in Columbia, MD. Mr. Kanter was involved in
Vlad Popik

Vlad Popik

Associate, Accounting
Mr. Popik is a Finance and Asset Management Associate at Poverni Sheikh Group. Mr. Popik assists the Finance department with managing and distributing payments for the daily operations of the company, as well as handling and organizing documentation

Portfolio

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

See projects