Community-First Development

real. creative. living.

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Our industry is dominated by inside-the-box thinking.
Run the numbers Acquire land Construct Stabilize Sell

We believe in the fundamental, yet somehow radical, idea that community-centric thinking improves not only the neighborhoods in which we build, but the bottom line for our investors.

We look deeper into data, culture, and local trends to produce outsized returns for our community of stakeholders, while honoring the neighborhoods in which we build.

A Fully-Integrated Phoenix

Real Estate Developer

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PROJECTS

We are placemakers, value creators, design-thinkers, and community-builders. We maximize value by thinking deeply about the projects we choose to tackle.

The Amelia

With close proximity to both the Loop 101 and Interstate 17, this community is perfectly positioned, granting residents 15-minute travel times across the valley.

The Governor

Circled by several of the Valley's most prestigious hospitals and healthcare facilities, this mid-rise development is located in Miracle Mile, near downtown Phoenix.

The Isabella

Luxury mid-rise in Glendale, Arizona, located in the Arrowhead area of the Northwest Valley, where home prices and demand have skyrocketed in recent years.

WHO WE ARE

Hyphen Development is a Phoenix, Arizona based, fully-integrated real estate developer and alternative investment manager with a focus on building market-rate housing.  We focus solely on the ever-expanding multifamily space, specializing in apartments and townhomes in core submarkets within Maricopa County. 

Real

We believe the character of a company is reflected by the intentions and motivations of all its stakeholders, and strive everyday to treat our employees, investors, partners, and neighbors with honor, compassion, and respect.

Creative

Guided by a creative, independent spirit, we aim to engage with people who think differently, empowering us to build homes that add real value to their communities.

Living

We care deeply about our residents, and work to provide homes that are safe, beautiful, comfortable, and truly functional. Every decision is made by first asking: “How does this benefit the community?”

WHAT WE DO

Our attention to detail, our experience in the marketplace, and our focus on the communities in our own hometown keep us in good standing in all market cycles. Our established relationships set us apart from competitors. We value our boutique culture and our flexible approach to undertaking transactions and all of our employees are economic stakeholders in the outcomes of our housing community developments.  

acc icon Acquisitions

  • Renovation
  • Value-add/Core Plus Opportunities
  • Operational Value-add

acc icon Asset Management

  • Risk Management
  • Performance Measurement
  • Sale/Disposition
  • Project Financing
  • Research

acc icon Development

  • Site Acquisition
  • Site Design
  • Product Design
  • Land Entitlement

acc icon Construction Management

  • Design Development
  • Project Design
  • Hard Cost Budgeting Oversight
  • Schedule Oversight
  • Field Oversight

OUR TEAM

We are value creators. We are a seasoned team of industry experts who are devoted to creating and maximizing value for our investors, employees, residents, and partners.  Our founders come from established construction, design, development and real estate investment management platforms.

We build housing communities of enduring value in Maricopa County, Arizona. We do this by pushing the envelope of our own comfort within every facet of our execution pathway and by challenging many of the established norms of the development industry.

David Dewar

MANAGING PARTNER

David Dewar

Connect With Me

David is a co-founder and Managing Partner of Hyphen Development and leads all acquisition, development, capital markets, pre-management, and asset management functions.

David has developed and built more than 7,700 units and bought, renovated, and sold over 5,000 units.

David and Les Litwin partnered in an acquisition rehab platform called Mode Apartments where they bought, renovated, and sold several smaller in-fill apartments in Phoenix Arizona.

Previously as co-founder and Principal of Trillium Residential, where David headed up all acquisition, development, capital markets, pre-management, and asset management functions. Trillium won numerous accolades and awards and developed 3,219 units. He was also the co-founder of Magellan Real Estate Investments, acquiring 4,457 units, developing 3,847 units, as well as approximately 1,000,000 square feet of commercial office and a 1,240-acre master-planned community in Indio Ca.

David graduated from Toronto Metropolitan University with a Bachelor of Technology in Project Management and a minor in Economics. He resides in Paradise Valley, Arizona, with his wife, and they have four children. David enjoys photography, food, and hockey.

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Jeff Stone

MANAGING PARTNER

Jeff Stone

Connect With Me

Jeff is a co-founder and Managing Partner of Hyphen Development and oversees all design, construction, and renovation.

Prior to joining Hyphen, Jeff spent six years overseeing the design and construction of $600 million of multifamily projects for Edwards Companies, a vertically integrated real estate development company. As Founder, Chairman and President of Summit Builders Construction, Jeff served as General Contractor on multifamily, student housing, senior living, hotels, industrial, airports and retail projects, completing over $3.2 billion of projects across the country.

Jeff graduated from Miami University with a BS in Business Marketing, and he currently holds contracting licenses in Arizona, California, Florida, Kentucky, and Louisiana. Jeff lives in Phoenix with his wife, and they have four children.

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OUR COMMUNITY

Hyphen is more than the sum of our parts. We are the communities we serve, the partners we embrace, and the projects we build.

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Stellar Residential noun arrow

A property management partner dedicated to efficiency and unmatched resident service.

Stellar
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Highform noun arrow

Local Phoenix marketing firm specializing in high-profile lease-up campaigns, supporting all of our branding, digital, and lease-up efforts.

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Todd & Associates noun arrow

The Todd & Associates team helps bring our vision to life with creative design and critical thinking.

Todd + Associates
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CCBG noun arrow

CCBG brings more than 50 years of design experience to our projects, crafting beautifully unique and creative spaces.

CCBG
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Lawrence Lake Interiors noun arrow

Larry’s team creates beautiful, demographically targeted interior spaces that enrich the lives of our residents.

Lawrence Lake
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Miracle Mile McDowell noun arrow

We’ve partnered with the Miracle Mile community to help bring life back to the infamous stretch of McDowell and that Phoenix and mainstay in American entrepreneurial spirit.

Miracle Mile
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HBC Design Group noun arrow

Our friends at HBC Design Group elevate our interior concepts, providing our communities unmatched attention-to-detail.

HBC Design Group
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Arizona Housing Fund noun arrow

We work to support the Arizona Housing Fund in providing Permanent Supportive, Low-Income, and Working Poor Housing to Arizonans in need.

Arizona Housing Fund
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HBC Design Group noun arrow

Our friends at HBC Design Group elevate our interior concepts, providing our communities unmatched attention-to-detail.

HBC Design Group
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Stellar Residential noun arrow

A property management partner dedicated to efficiency and unmatched resident service.

Stellar
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Miracle Mile McDowell noun arrow

We’ve partnered with the Miracle Mile community to help bring life back to the infamous stretch of McDowell and that Phoenix and mainstay in American entrepreneurial spirit.

Miracle Mile
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Highform noun arrow

Local Phoenix marketing firm specializing in high-profile lease-up campaigns, supporting all of our branding, digital, and lease-up efforts.

img
placeholder
Arizona Housing Fund noun arrow

We work to support the Arizona Housing Fund in providing Permanent Supportive, Low-Income, and Working Poor Housing to Arizonans in need.

Arizona Housing Fund
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Todd & Associates noun arrow

The Todd & Associates team helps bring our vision to life with creative design and critical thinking.

Todd + Associates
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Lawrence Lake Interiors noun arrow

Larry’s team creates beautiful, demographically targeted interior spaces that enrich the lives of our residents.

Lawrence Lake
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CCBG noun arrow

CCBG brings more than 50 years of design experience to our projects, crafting beautifully unique and creative spaces.

CCBG

Let's build community together