FT WORTH, Texas, March 25, 2025 /PRNewswire/ — The investment leaders behind U.S. Energy Development Corporation (USEDC), announced the official launch of U.S. Property Development LLC, a private real estate investment company primarily focused on investing in industrial, self-storage, and commercial real estate in the United States. While independent from USEDC’s oil and gas operations, the new firm builds on the leadership team’s extensive experience in asset-based investments and leverages operation efficiencies from a shared back-office platform carrying forward USEDC’s commitment to operational excellence.
“Our team at U.S. Property Development brings a wealth of expertise in identifying and developing real estate with strong revenue potential,” said Matthew Iak, Chief Executive Officer of U.S. Property Development. “We invest our own capital first, inviting partners to join us and invest alongside us. This aligned approach maximizes returns and reinforces our commitment to delivering outstanding results.”
The owners of U.S. Property Development have been involved in more than $50 million in projects over the past 18 months. U.S. Property Development’s portfolio includes a $12 million investment in a five-building automotive auction facility spanning 92,037 square feet on a 39-acre site in Springfield, Mo. The company has also invested in two self-storage developments: a 23,422 square-foot, 154-unit facility in Lewiston, N.Y., and 76,850 square-foot facility under development in Hamburg, N.Y., which will offer 542 units upon completion.
In addition to invested capital, the firm’s advisory role in the development of its own headquarters stands out as a key achievement. Located In the Fort Worth Stockyards Historic District, The Armour building is a historic, 50,000-square-foot, three-story property that will house U.S. Property Development, USEDC, and other tenants, which is scheduled to open in early 2025.
“Owners of both USEDC and U.S. Property Development are second-generation leaders in the investment space inspired by the first generation’s entrepreneurial spirit. For decades, USEDC and its leadership team have operated with an investor-first philosophy, building a solid foundation through strategic energy investments,” said Iak. “Now, with launch of U.S. Property Development, members of the leadership team at USEDC and the family office are extending their proven platform to support their longstanding commitment to hard assets, particularly in real estate, creating a seamless expansion that allows partners to participate directly in carefully selected property investments.”