Development

David oversees all multifamily development for DevCo Residential Group and supports the CEO in day‑to‑day operations. Appointed successor CEO by his business partner and mentor, Jack Hunden, David is dedicated to empowering his team to make a meaningful impact on tenants’ lives through high‑quality housing. As President of DevCo, LLC and DevCo Preservation, LLC, he helps turn this commitment into reality. Since joining DevCo in 2013, he has overseen development of more than 10,000 units.

David graduated from Washington State University with a Bachelor of Science in Finance and Real Estate and from Arizona State University with a Masters in Real Estate Development. He has also been a licensed real estate broker in the State of Washington.

David enjoys an active lifestyle and is frequently out adventuring. You can find him on the ski hill, backpacking in the mountains or out on the water. He frequently asks anyone he can about travel recommendations and is always planning his next adventure.

As President of Finance & Investments, Michael Volz leads DevCo Residential Group’s capital markets, investment strategy, and financial operations. He oversees underwriting, deal structuring, and corporate financial planning while providing executive leadership to the CFO function and Asset Management.

Michael holds a Bachelor of Music from the University of Puget Sound and a Master of Science in Finance from Pacific Lutheran University.

Outside the office, Michael is an avid musician and enjoys spending time with his wife, their son, and their dogs.

Shawna joined Devco at the end of 2022 as Executive Assistant to President of Development David Ratliff. Her main responsibilities include providing support to David, working on projects for the development team and other operational items.

Before joining Devco, Shawna spent 7 years working in Seattle’s residential real estate industry. She was Executive Assistant to a top-producing broker in the Greater Seattle area.  Shawna has also been a licensed real estate broker in the State of Washington.

Shawna graduated from Western Washington University with a Bachelor of Arts in Business Management. In her free time, Shawna enjoys golf, skiing, pickleball, planning her next trip, and spending time with family and friends.

Dalton Arndt serves as The Northwest Development Manager at Devco Residential Group (DRG), bringing 10 years of experience in multifamily development. With a Bachelor’s in Environmental Design from Montana State University and a Master of Science in Real Estate from Georgetown University, Dalton plays a vital role in driving DRG’s growth by leading programs across various markets. From site identification to construction completion, he ensures that projects are optimized for success. Through a combination of innovation, resource alignment, and collaboration, Dalton effectively navigates the unique challenges of each development, delivering tailored solutions that support DRG’s mission. At the heart of his approach is a focus on people—cultivating talent and building strong partnerships to help achieve the company’s long-term business goals.

Outside of work, Dalton is passionate about staying active and enjoys spending time outdoors. Whether it’s traveling, exploring the mountains, or enjoying adventures with friends and family.

Chase has been with DevCo Residential Group for 5 years and currently oversees the Intermountain Region as a Development Manager. In those 5 years, Chase has sourced, entitled, and financed over 15 LIHTC transactions across five different states. Chases’ efforts during his time with DevCo have created or preserved nearly 2,000 affordable housing units in communities across his region.

Prior to working for DevCo. Chase spent five years at Security Properties where he primarily focused on acquisition, asset management and development of market rate housing across the country.

Chase graduated from Washington State University with an MBA in Data Analytics and an Undergraduate Degree in Accounting.

Outside of work, Chase enjoys playing golf, skiing, fishing, and spending time with his Wife, Kendra, and two children, Emilia and Easton. He has recently relocated from Seattle to Phoenix and looks forward to more days in the sunshine.

As the Development Manager for the Southwest region, Griffin serves as the lead for all project opportunities in Arizona, Texas, New Mexico, and Nevada. Griffin leads all tasks related to sourcing, underwriting, and executing on development transactions including overseeing regulatory applications, raising debt, equity, and subsidy capital, managing internal and external design teams, and leading entitlement efforts.

Prior to joining the team at DevCo, Griffin worked for CBRE Affordable Housing, the largest broker of Section 42 properties nationwide. Griffin’s work included valuing over $3.5 billion worth of Section 42 assets, as well as managing the valuation pipeline for CBRE Affordable Housing’s top-producing brokers.

Griffin received a Bachelor of Arts in Business Administration from the University of Washington. In his free time, Griffin enjoys time outdoors, attending Husky sporting events, and spending time with friends and family. He is an avid reader and an Eagle Scout.

Trevor Martinez oversees the Midwest Region for Devco Residential Group’s development team. He is responsible for sourcing, underwriting, and executing on development transactions including overseeing regulatory applications, raising debt, equity, and subsidy capital, managing internal and external design teams, and leading entitlement efforts.

Trevor has a decade of experience in the real estate development industry and has closed over $900 million in new financing. He has developed 3,000 housing units and 160,000sf of commercial space across eight states. He has experience in ground up, acquisition-rehabilitation, and historic tax credit transactions in both the LIHTC and Market Rate spaces.

Trevor holds a bachelor’s degree in Urban Studies and Entrepreneurial Management from the University of Minnesota and is on the Board of Directors for NAIOP Minnesota. He has also been active in Minnesota Housing Partnership, Twin Cities Housing Alliance, and the Urban Land Institute.

In his free time, Trevor judges high school debate tournaments, and teaches various real-estate oriented classes at the University of Minnesota.

Nick Storlie joined DevCo in January 2022 where he serves as a Senior Development Associate focusing on the Midwest. Storlie is responsible for underwriting new multifamily development and acquisition opportunities, securing financing for new acquisitions and developments, and aiding with projects throughout construction.

Storlie holds a Bachelor of Science in Finance from St. Cloud State University. He was a member of the Husky Growth Fund at SCSU.

Prior to joining DevCo Storlie was a Development Analyst for Dominium where he oversaw 3,000 new construction Section 42 units towards completion in Florida, Georgia and Minnesota.

Outside of work, Storlie likes to try new cooking recipes, hiking, attending concerts and spending time with friends and family.

Since joining DevCo in 2022, Jack has worked on projects in the Midwest, Southwest, and Intermountain Region. During that time, he has closed 8 LIHTC transactions resulting in the creation or preservation of 1,200 workforce housing units. Jack now focuses his efforts solely on the Intermountain states, where he underwrites new opportunities, structures Purchase and Sale Agreements, secures Tax-Exempt Bond and LIHTC allocations, and helps oversee construction for active projects.

Prior to joining DevoCo, Jack spent 2 years with Dominium, where he helped oversee the construction of approximately 500 units and provided support in the acquisition and syndication of an additional 500 units.

Jack graduated from Marquette University with Bachelor of Science degrees in Real Estate and Finance.

In his free time, Jack enjoys training in Boxing and Brazilian Jiu Jitsu and spending time with his family.

Nick LaCoul joined DevCo in July 2022. He currently serves as a Senior Development Associate covering the Southwest Region. Nick’s responsibilities include analyzing and pursuing new multifamily development and acquisition opportunities, securing financing, and managing projects to construction-completion.

Prior to joining DevCo, Nick spent 5 years working at KeyBank (NYSE: KEY) where he worked on over $700MM in affordable housing permanent debt transactions, and over $185MM in commercial real estate balance-sheet debt opportunities.

Nick received a B.S. in Finance cum laude from The University of Texas at Dallas and an MBA in Strategy with honors from Southern Methodist University. In his free time, Nick enjoys playing golf and spending time with his family.

David brings over three years of specialized Section 42 underwriting experience. Before joining DevCo, he worked with National CORE, a nationally recognized non-profit community builder focused on affordable, multifamily, mixed-income, senior, workforce, and special-needs housing. During his tenure, David valued more than $2.5 billion in Section 42 assets, sourced acquisition opportunities, conducted market research across multiple regions, and led a variety of strategic ad-hoc initiatives.

As a Development Analyst at DevCo, David is responsible for underwriting new construction and acquisition/rehabilitation developments, managing the tax credit application process, conducting in-depth market analyses, and overseeing the 8609 and cost certification process. He also supports the Southwest Development Project Manager and Senior Development Associate on transaction closings, pipeline management, and activities related to the acquisition, development, and redevelopment of multifamily projects.

David holds a Bachelor of Arts in Business Administration from California State University, Fullerton, with dual concentrations in Finance and Accounting. Outside of work, he enjoys snowboarding, traveling, weightlifting, sauna and cold-plunge sessions, and spending quality time with friends and family.

Emma began her real estate career in 2013 with CBRE Asset Services, managing Class A high-rise buildings in Seattle’s Central Business District. After three years in commercial property management, she transitioned into affordable multi-family brokerage, joining the CBRE Affordable Housing team. Emma spent three years as a Financial Analyst before advancing to the role of Associate Broker, where she specialized in executing Section 42 and Section 8 multi-family transactions nationwide.

Before joining DevCo in 2024, Emma worked as a Transaction Manager at KBC Advisors, managing offsite parking transactions for Amazon. Her diverse real estate background has allowed her to pull from various experiences giving her leverage for success with the DevCo family.

Born and raised in Spokane, WA, Emma earned a Business Administration degree from the University of Montana while also playing Division I collegiate volleyball. In her spare time, she enjoys spending time with her family, traveling, boating, and shaking up a great cocktail.

Lindsay manages all stages of the real estate transaction process, bringing analytical strength, legal insight, and a client-focused approach to each deal. She oversees complex acquisitions, due diligence, and closings while coordinating seamlessly with internal teams and external partners. Known for her clear communication, she builds strong, trusted relationships with consultants, investors, lenders, and legal teams.

With experience in multi-family and residential real estate, along with corporate and real estate law, Lindsay offers a well-rounded understanding of complex deal structures and stakeholder needs.

She holds a WA Real Estate License and has completed Paralegal Studies coursework. Outside of work, she enjoys spending time with her family, traveling, and cycling.

Lauren Baker is one of the newest members of the Devco Development Team in Bellevue, WA! As a Transaction Analyst, Lauren supports the transaction process and lifecycle. Lauren has over ten years of comprehensive leadership experience in compliance & operational support. She prides herself on her analytical, organizational, and communication skills. She is looking forward to the challenge of her new role and expanding her knowledge of commercial real estate.

Lauren enjoys spending time with her partner, Alton, their daughter Lilliana, and her bonus kiddos! She loves spending time with friends and family, going to concerts, traveling, and checking out the latest restaurants in her area.