Marathon Development Group is a real estate development firm specializing in the acquisition, restructuring, and redevelopment of affordable multifamily properties. Since its inception more than ten years ago, Marathon has re-developed over 1,600 units of affordable housing, with total development cost in excess of $180 Million. All of Marathon’s properties have been financed through the use of Low Income Housing Tax Credits and serve lower-income and mixed-income populations. Marathon has successfully collaborated with a variety of local, state and federal agencies to move all projects forward. Several of the projects consisted of properties that were originally developed with the aid of HUD-related programs such as the 236 and 221(d)(3) programs.
The collective experience of Marathon’s team encompasses all aspects of real estate development and ownership including: financial analysis, investment banking and real estate finance, engineering, environmental remediation, construction, tenant relocation, community development, public relations, leasing, and property management. Marathon’s seasoned staff facilitates the smooth completion of each highly complex and challenging project undertaken by the firm, always finishing on time and on budget. Energy efficiency, safety, security, and quality of life for residents are of paramount importance in all Marathon Development Group projects.