What is Samuelson Development?
Samuelson Development, LLC is a specialized firm focused on the design, development, construction, and management of Class A apartment complexes. With a portfolio that includes nine multi-housing projects across Sioux Falls and Rapid City, South Dakota, the company has demonstrated a consistent ability to execute large-scale residential developments. Its recent project, Copper Ridge Apartments in Rapid City, highlights its continued commitment to expansion. The company's operational excellence has been recognized through multiple accolades, including "Management Company of the Year" in 2004 and 2011, and "The Local Best" award since 2011, indicating a strong reputation within the South Dakota multi-housing association and the broader market.
How much funding has Samuelson Development raised?
Samuelson Development has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Samuelson Development
PPP
Public-Private Partnership
What's next for Samuelson Development?
The substantial capital infusion, particularly the recent strategic investment, positions Samuelson Development for accelerated expansion and potential diversification within the real estate market. Given its history of successful project delivery and management awards, this latest round of financing is likely to fuel the development of new apartment complexes, potentially in new geographic areas or through the acquisition of existing properties. The company's focus on Class A properties suggests a strategy aimed at capturing a premium segment of the rental market, with future investments potentially targeting enhanced amenities and sustainable building practices to maintain its competitive edge.
See full Samuelson Development company page
