A Legacy of Quality
“Creating Distinctive Environments for Superior Living” has been our tagline since inception. Developing communities that are well-designed, constructed, and delivered with a sense of place and purpose continues to be our focus, while always considering our most important component… our residents.
The principals of Newport Development Partners have been working together for over 20 years. Bob Krause and Richy Stephens are Newport Development Partners and are intimately involved in all aspects of the company and development process.
Newport remains highly successful in the development opportunities we pursue. Our entrepreneurial business structure enables us to focus on only those opportunities that will achieve superior results for both our residents and partnerships.
We strive to create communities that exceed the expectations of our residents and investors. Our overriding goal is to maximize value through execution and delivery of a superior product.
We have a strategic relationship with the Real Estate Investment Trust, Preferred Apartment Communities (PAC) in which we receive large investments of PAC structured equity for development of apartment communities with the option for them to purchase the property upon completion and stabilization. The main principals of Newport and PAC have had a close business relationship for over thirty years.