Since its inception in 1986, Silverwing Development has been active in residential, commercial and land development projects in California, Nevada and Texas. Its principals have developed, managed, and sold properties – including Class A office buildings, shopping centers, multi-family projects as well as attached and detached single-family homes – in 11 states throughout the nation. Silverwing Development has completed development and/or construction of over 4,200 homes since 1990 with a retail value in excess of $590,000,000.

Managing Difficult Times

Silverwing principals anticipated the residential downturn when in 2005 when home buyers began receiving financing with low credit scores, minimal documentation, and historically high loan-to-value ratios. Silverwing sold 90% of its land assets before 2007, retaining ownership of only those projects entering a completion phase. Silverwing through aggressive hands on management did reduce debt without ever defaulting on any financial obligation which allowed it to maintain normal operations throughout this difficult period.

To date, through two major credit crises over the last 25 years, Silverwing Development has never defaulted on any financial obligation.

While Silverwing is currently selling homes in the last residential for sale projects in Reno, Nevada, most of its current operations have been refocused on the acquisition of value added multi-family communities.

SWD’s unique advantage as a buyer of distressed real estate is in its heritage as a real estate operator and developer. Silverwing Development operates in California and Nevada with full-time staff in the areas of sourcing, underwriting, financing, due diligence, project entitlements and environmental permits, asset management, land development and construction of horizontal site improvements, vertical structures and the related asset management and disposition of such assets.

Because of its vast and diverse experience as a successful developer and multi-family operator, SWD is uniquely qualified to take advantage of current market conditions in partnership with a strong capital partner.