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Meridian Development, LLC specializes in the full lifecycle development of multifamily real estate assets. The firm operates as a vertically integrated entity, managing all phases from initial property acquisition and entitlements through construction to ongoing asset operation and eventual disposition. They primarily focus on creating value in growing secondary and tertiary markets across the Central United States.
The company was founded in 2008, with Lawrence Mazzotta serving as Chairman and Chief Executive Officer. Meridian Development, LLC emerged from the insight that a significant demand existed for high-quality housing among young professionals and empty nesters, coupled with ongoing reinvestment trends in specific regions. Mazzotta brings over forty years of development experience to the firm, further bolstered by the three-decade legacy of its parent company, Cornerstone Associates, LLC.
Meridian Development, LLC caters to residents seeking Class A residences in undersupplied markets, while also attracting investors drawn to higher returns compared to primary markets. The firm’s vision is to capitalize on the sustained demand for rental housing and regional reinvestment, ensuring long-term success for its projects and stakeholders through strategic market focus and efficient management.
Meridian Development Partners has 1 tracked investment across 1 company. The latest tracked deal is $1.5M Other Equity in Funnel in July 2013.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 9, 2013 | Funnel | $1.5M Other Equity | Joanne Wilson | David Cohen, David Tisch, Greg Barton, Jerry Colonna, Rick Webb, Stuart Litwin, Lazerow Ventures, Ludlow Ventures, Narbona Hill Corporation, Quotidian Ventures, Scout Ventures |