D.A. Davidson & Co.’s Special District Group, a team of nationally recognized market leaders in financing real estate development projects, has been renamed to the D.A. Davidson Development Finance Group. The introduction of the new name, the Development Finance Group, reinforces the group’s core capabilities in special district financing and underscores the breadth and diversity of its expanding portfolio nationwide.
Over the past 10 years, the team of capital markets professionals has worked alongside real estate developers, local governments and industry professionals, closing more than $9 billion in principal in more than 500 completed transactions across the United States.
“We’ve diversified our experience and sharpened our techniques. Our team has a clearer vision than ever as we solve to the evolving needs of our clients,” said Laci Knowles, managing director at D.A. Davidson’s Development Finance Group. “In today’s complex market, we are proud to serve as trusted partners to our clients in delivering multifaceted solutions that bring their development goals to fruition.”
The Development Finance Group is a full-service investment banking team specializing in financing both public and private infrastructure, as well as land acquisition and vertical construction. Powered by decades of industry experience, the team partners with special financing districts and developers to structure turnkey and tailored bond transactions to optimize the best economic outcome for clients, driving groundbreaking financial solutions with hands-on partnerships from project inception to completion.
As a market leader in special district financing, the Development Finance Group will continue to leverage its core expertise in the strategic use of tax-exempt bonds to achieve unique development objectives. The group’s new name evidences its creation of a diverse range of financing tools in recent years as its skillset has evolved along with its clients’ needs.
“Our team is well-known for executing strategic plans, supported by unrivaled financial and scenario analysis,” said Kyle Thomas, managing director at D.A. Davidson’s Development Finance Group. “As showcased by our notable $247 million transaction for the world-class Miami Worldcenter project, or our $160 million C-PACE financing for the Summit Vista life plan retirement community, the largest C-PACE deal ever accomplished at that point in time, our dynamic team and data-driven understanding of the market consistently unlocks financing solutions that go beyond the conventional approach. As our team grows, we remain committed to creating one-of-a-kind strategies informed by our leading expertise to secure the most effective finance solutions for our clients.”
By leveraging deep relationships with both institutional and private capital, the group delivers a wide array of capital solutions including tax-exempt special district bonds, special assessment bonds, tax-increment financing (TIF), land acquisition and development loans, Commercial Property Assessed Clean Energy (C-PACE) capital and construction financing for vertical development.
“The unique financing solutions we provide could not be made possible without the strength of our relationships and our ability to proactively meet our clients’ needs as communities continue to grow,” said Brennen Brown, managing director at D.A. Davidson’s Development Finance Group. “Our new name has been introduced to demonstrate how we evolve alongside our clients, and we look forward to embracing this new chapter.”
Each quarter, the D.A. Davidson Development Finance Group reflects its commitment to transparency and industry expertise by releasing economic data to ensure its clients and partners remained informed about the market. This quarter, the Development Finance Group led the execution of 10 transactions totaling in more than $519.2 million in aggregate principal, nearly equaling the $536.3 million in aggregate principal across the 40 transactions from 2023.
To access the full Q1 2024 Market Update, visit: https://dadavidson.com/Portals/0/bus-ficm/DFG_Q1_2024_MarketUpdate_Report.pdf.
