LAFAYETTE, LOUISIANA
Investors & Capital Partners
Most development pitches open with a rendering. Ours opens with a bid.
Chase Land Development sources, controls, entitles, and develops commercial ground in South Louisiana. The person who signs the pro forma is a licensed Louisiana general contractor and real estate broker who has priced and delivered 82 commercial buildings and taken 20 tracts through diligence and entitlement over eighteen years. The construction line in our underwriting is not an allowance.
How we underwrite
Every assumption traces back to something somebody measured.
Land deals rarely fail on the market. They fail on a horizontal cost that was a placeholder, on a tract nobody drained properly, in an entitlement path nobody confirmed, with a title nobody read to the bottom.
Four workstreams close those gaps before capital is committed. Each one produces a document, not an opinion.
flexible partnership models
Every deal is structured on its own terms — passive capital into a single-asset entity, a co-sponsor position with a shared promote, or funding the option and entitlement spend alone and deciding at approval whether to sell, hold, or develop. The flexibility is in the structure, never in the underwriting. Most deals we bring we have skin in the game, but will always deliver our services both ways.
the boutique advantage
A regional developer with fifty people and institutional capital can't justify underwriting a fourteen-acre tract — the fee doesn't cover the overhead and it doesn't move the fund. That leaves some of the best commercial ground in South Louisiana effectively uncontested. We can pursue it, answer a landowner in a week without routing through an investment committee, and put principals on the diligence instead of an associate two years out of school.
The record
What we've carried, and how far.
AS PRINCIPAL — 5 tracts
2 · Acquired, built, and stabilized
3 · Acquired, entitled, and development-ready
AS ADVISOR — 15 tracts
15 · Diligenced and entitled for client account
20 · Total entitlement processes run
Most ground doesn't survive our own underwriting, and that gap is the point. Behind it sits eighteen years of design-build across horizontal and vertical work, ground-up and redevelopment, from both sides of the table — pricing it as the contractor and carrying it as the owner.
The broker's license does something different: it puts us inside the network that trades this ground every week. That's where most of what we underwrite comes from before it ever lists, and it's where we go to pressure-test our own assumptions. We'd rather hear from three brokers that our rent number is wrong than find out at lease-up.
how we operate
01 · We're in it before you are.
Every deal carries our own capital alongside yours, in a range we'll state plainly before you ask.
02 · Here's what has to be true.
The assumptions the deal depends on, and what the returns look like when one of them breaks.
03 · We see it before it lists.
Broker relationships and a live pipeline mean most of what we underwrite was never on the market. We are ears on the ground with past clients and brokers we've known over 20 years.
04 · Two track records, not one.
Eighteen years and 82 completed commercial buildings on the construction side; on the development side, exactly what we've taken through entitlement and exactly what we haven't.
05 · How we get paid, before how you do.
Acquisition fee, asset management fee, promote, and waterfall — stated up front rather than buried in a subscription document. Where a deal carries a target return, our promote is fully subordinated: investors receive their capital and the entire preferred return before we see a dollar of it. If a deal misses the hurdle, we don't get the upside — we get the fees we disclosed and nothing else.
06 · We own a contractor. Here's the fence.
Competitive bid, open book, and third-party audit rights written on operating agreement on any deal where Chase Group Construction holds the contract.
07 · A written update every month.
Budget versus actual, entitlement status, and site photos — whether the news is good or not.