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Williston, ND

One of the largest institutional private equity investment firms

Pre-Venture Diligence and Development Oversight

    Our Role

    RPL provided pre-venture diligence and development oversight services for a private institutional equity partner.

    Unique Approach

    • Heavy attention paid to ensuring material and labor availability in the remote location.
    • Exterior walls were panelized on site prior to tough winter weather conditions.
    • Coordination required with adjacent single-family home development.

    Outcomes

    • Completed on time and within budget.
    • Robust lease up.

    Scope of Work

    Development of five 3-story buildings containing 144 rental apartments, a community clubhouse, and multiple enclosed parking garages plus surface parking.

    Project Summary

    • Client: One of the largest institutional private equity investment firms
    • Location: Williston, ND
    • Size: 144 units, 3 floors, 154,200 SF
    • Timeline: 2014 to 2015
    • Services: Pre-Venture Diligence and Development Oversight
    • Cost: $29 million
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