Maverick Development Group

David Lee

Managing Director

Ground-up multifamily, build-to-rent, and lot development in the Carolinas. Over 30 years I’ve sourced, entitled, capitalized, built, and sold communities from Asheville to Charleston, most of them here in Charlotte.

Email David
Carolinas project locations Projects plotted by latitude and longitude: 15 in Charlotte, 3 in Asheville, and one each in Concord, Mint Hill, Rock Hill, Raleigh, Cary, Wake Forest, Chapel Hill, Greenville, and Charleston. 36°N35°N34°N33°N 82°W81°W80°W79°W Asheville3 projects Greenville Rock Hill Mint Hill Concord Charlotte15 projects Chapel Hill Wake Forest Cary Raleigh Charleston
Carolinas projects, plotted to scale. Also Pittsburgh and the Colorado Front Range.

What Maverick does

An independent development company focused on the Carolinas, working with landowners, brokers, builders, and capital partners.

Multifamily and build-to-rent

Garden, wrap, podium, active adult, and BTR townhome communities, from site selection through lease-up.

Lot development

Land for national builders including David Weekley Homes, Ryan Homes, Pulte, and D.R. Horton.

Development consulting

Site acquisition, entitlements, and design management for owners, such as a Charleston self-storage development for Hoyer Investment Company.

Selected projects

Projects I led or co-led at Catalyst Capital Partners, SunCap Property Group, Stiles, and Cortland. Cost is total project cost.

Grove 98

Wake Forest, NC
Stiles Corporation
Complete

A Wegmans-anchored mixed-use center on a 79-acre assemblage, combining a 135,500 SF Wegmans, 232 multifamily units, and 113,500 SF of shops and outparcels.

As Market President, I won Wegmans for this site over a competing location, structured the 79-acre land contract, raised the equity and debt, and led design, entitlements, construction, and leasing through completion.

Anchor
135,500 SF Wegmans
Residential
232 multifamily units
Retail
113,500 SF shops and outparcels
Site
79-acre assemblage
Cost
$158.3M
Est. value
~$210.0M

Garden, wrap, and build-to-rent

Surface-parked and wrap communities of three to five stories, and BTR townhome communities.

ProjectLocationProductCostValueStatus
Ashby Twin LakesSunCapCary, NC230 units, 4-story wrap$62.0M~$75.0MComplete
The Ashby at South Hills VillageSunCapPittsburgh, PA300 units, transit-oriented wrap; design-build in 15 months$50.0M~$80.0MComplete
Hominy at RiverBlueCatalystAsheville, NC262 units, 4-story$61.5M~$74.6MLease-up
Chorus at RiverBlueCatalystAsheville, NC153 active adult (55+) units$37.8M~$48.0MLease-up
Vander at the VillageCatalystAsheville, NC281 apartments and BTR townhomes; Opportunity Zone$78.0M~$88.0MUnder construction
Bowery WestCatalyst JVCharlotte, NC213 townhomes and garden apartments; Opportunity Zone$47.9M~$60.7MLease-up
The Wayford at Innovation Park, Ph. 1CatalystCharlotte, NC210 BTR townhomes$60.1M~$79.1MLease-up
The Wayford at Innovation Park, Ph. 2 and 3CatalystCharlotte, NC250 apartments and 70 BTR townhomes$89.7M~$119.8MEntitled
The Wayford at ConcordCatalystConcord, NC150 BTR townhomes$29.7M~$39.7MComplete
The Wayford at Pringle TownsCatalystCharlotte, NC102 BTR townhomes, sourced with Pulte$34.0M~$40.8MLease-up
Womble FarmsCatalystChapel Hill, NC250 units plus medical office outparcel$67.7M~$82.8MEntitled

Urban multifamily and mixed-use

ProjectLocationProductCostValueStatus
The Carolinian GlenwoodStilesRaleigh, NC186 units, 5-story podium$53.3M$75.0MSold to Camden
The CollectiveCatalystCharlotte, NC (NoDa)250 units and 16,415 SF retail/office$56.2M$72.05MSold
MasonCatalystCharlotte, NC302 units, 5-story$69.5M~$80.0MLease-up
The Exchange at Rock HillCatalyst JVRock Hill, SC229 units and 26,000+ SF commercial$49.0M~$65.0MComplete
Markley + MainSunCapGreenville, SC278 units, 5/6-story split wrap$99.0M~$110.0MUnder construction
Draper PlaceSunCapCharlotte, NC47 luxury units and 8 for-sale townhomes over podium$27.0M~$40.0MStabilized
1401 East BlvdSunCapCharlotte, NC197 units and 2,600 SF Starbucks, 7-story~$99.0M—Designed
Latta PlaceSunCapCharlotte, NC28 luxury BTR townhomes~$18.0M—Entitled
Camden ExchangeCatalyst JV with StilesCharlotte, NC (South End)314 units, 29-story tower with office and retail$238.0M—Predevelopment

Retail and office

At Stiles I sourced each site, structured the land contract, raised equity and debt, and oversaw design through disposition. All complete.

ProjectLocationProductCost
Publix BallantyneCharlotte, NC56,445 SF Publix and 30,000 SF shops$33.4M
Publix SouthlineCharlotte, NC55,000 SF Publix with structured parking$32.0M
Mint Hill CommonsMint Hill, NC56,445 SF Publix and 30,000 SF shops$31.7M
Publix CotswoldCharlotte, NC49,533 SF Publix ground lease, shops, structured parking$28.2M
Point Hope PublixCharleston, SC45,600 SF Publix and 30,000 SF shops$24.1M
300 West Summit AveCharlotte, NC64,000 SF Class A office, sold to Colliers$40.5M

Value-add acquisitions

At Cortland, as part of roughly $600M of Mountain Region acquisitions and development.

ProjectLocationProductRenovation
Grand River CanyonColorado Springs, CO589 units, 23 buildings$8.8M
Cortland Lone TreeLone Tree, CO429 units, 4-story wrap$8.6M
Cortland Covington RidgeThornton, CO216 units$5.5M

Experience

Fluent on both sides of the owner–contractor table: GC preconstruction agreements, GMPs, weekly owner-architect-contractor meetings, and design-build delivered on schedule.

  1. 2025 – present

    Maverick Development Group Managing Director

    Independent development company focused on multifamily, build-to-rent, and lot development in the Carolinas.

  2. 2026

    JPI Senior Director, Development

    Development lead on the ground in Charlotte for this national multifamily developer. Built a Carolinas pipeline of 4,750 multifamily and 255 BTR units across 12 sites in seven months.

  3. 2022 – 2025

    Catalyst Capital Partners Partner

    Led the national residential platform and chaired the Investment Committee. Partner on 1,211 units and about $295M of active development.

  4. 2018 – 2022

    SunCap Property Group Senior Vice President

    Led the national multifamily platform from sourcing through lease-up; project executive through delivery.

  5. 2017 – 2018

    Cortland Partners Director of Investments, Mountain Region

    Full P&L for Colorado, Nevada, Arizona, and Utah; built the regional team.

  6. 2012 – 2017

    Stiles Corporation Senior Vice President, Market President

    Led about 4 million SF of multifamily, mixed-use, retail, and office development.

  7. 2009 – 2012

    D.R. Horton Vice President, City Manager

    Eleven active communities, 2,500+ lots, and roughly 500 home closings a year in Wilmington.

  8. 2000 – 2009

    Harris Development Group Partner

    Deployed fund capital into ground-up, value-add, and core-plus investments.

Credentials

Education

B.S. Business Administration, Kenan-Flagler Business School, UNC Chapel Hill

Licenses and affiliations

Licensed real estate broker in North and South Carolina. NMHC, NAIOP, ULI, ICSC. CCIM candidate.

Community

Board member, Charlotte YMCA. Coach, Let Me Run. Volunteer, Thompson Child & Family Focus and The Harvest Center.

Have a site or a deal?

Landowners, brokers, builders, and capital partners: send me a note and I’ll get back to you.

Maverick Development Group
dlee@maverickdevelop.com
1710 Abbey Place, #100
Charlotte, NC 28209