Development

David grew up in real estate brokerage and has focused on many aspects of real estate development. He has dedicated his career to providing quality housing for people who need it most. As a leader of DevCo, LLC and DevCo Preservation, LLC he makes this commitment a reality. He is committed to empowering his team with the ability to make a significant impact in the lives of tenants by providing high quality housing throughout the Western United States.

David has over 15 years of experience with real estate brokerage, construction, development, and investment. David has extensive experience managing long term relationships with brokers, development consultants, lenders and syndicators. Since joining DevCo, the company has grown from a portfolio of 3,000 units in 2013, to 10,000 units in 2021

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.

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 working in the multifamily real estate industry for over 6 years. During his career, he has worked on both market-rate and affordable housing acquisition/rehab projects and has several years of experience in ground-up development. In his prior role, Chase was responsible for overseeing a portfolio of acquisition/rehab projects in the Pacific Northwest where he built experience in managing joint venture partner relationships, creating business plans for renovation projects, implementing new technologies, underwriting, retail leasing, property management relations and oversaw multiple refinances.

In addition to managing acquisition/rehab projects from an asset management perspective, Chase has also worked on multiple dispositions and acquisitions in his career. He has extensive experience in every part of the real estate transaction process and has built many relationships across the markets that he has operated in.

Prior to working in the multifamily industry, 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, attending Cougar football games, and long hikes with his dog Cooper.

Griffin has over 4 years of Section 42 underwriting experience. 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. As a Project Manager, Griffin oversees the sourcing of financing for all of DevCo’s projects. Additionally, he assists the Vice President and Finance Manager with acquisitions underwriting and other tasks related to the acquisition, development, and redevelopment of projects.

Griffin received a Bachelor of Arts in Business Administration from the University of Washington. In his free time, Griffin enjoys boating, snowboarding, attending Husky sporting events, and spending time with friends and family. He serves as the alumni treasurer for his fraternity and is an Eagle Scout.

Trevor Martinez is the Development Manager for the Midwest region.

Jay joined Devco as an Acquisitions Manager for the Intermountain Region in March 2023.  As Acquisitions Manager, he works to source new land opportunities, as well as underwriting, sourcing debt and equity, and working with state tax credit authorities to secure tax credits for new developments for Devco’s Intermountain portfolio.

He has been in the real estate industry since 2005.  During his career, he has worked in commercial office brokerage, multifamily acquisitions, construction, asset management, and now affordable housing development.  Prior to Devco, Jay worked as a housing developer for Colorado Coalition for the Homeless, developing, acquiring, and rehabbing over 500 units for individuals experiencing homelessness in the Denver area.

Jay holds a degree in Urban Planning and Finance from Miami University.  He is also currently pursuing a Masters of Real Estate and the Built Environment from the University of Denver.

Outside of work, Jay is an avid outdoorsman taking advantage of everything his home state of Colorado has to offer.  He enjoys skiing, golf, mountain biking, fishing, hiking, camping, backpacking, and spending time with his wife, son, and their two dogs.

Nick Storlie joined DevCo in January 2022 where he serves as an Acquisition Analyst 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.

Melanie is an accomplished real estate and construction professional with 18 years of demonstrated expertise leading the development of highly profitable residential development projects, including single-family homes and townhome/condominium complexes.  She has been recognized throughout her career for a comprehensive understanding of real estate development, exceptional strategic, organizational, and management skills, and the ability to expertly guide teams of internal staff and outside vendors, consultants, and contractors.

Melanie lives in Ennis, Montana, with her husband and three dogs. She enjoys traveling, baking, hiking, hunting, fishing, and ATV adventures.

Domenic Spencer joined DevCo in April 2023, where he serves as a Development Associate focusing on the Midwest. Spencer is responsible for underwriting new multifamily development and acquisition opportunities, securing financing for new acquisitions and developments, and aiding with projects throughout construction.
Spencer holds a Bachelors of Architecture from Kennesaw State University and a Masters of Engineering in Construction Engineering Management from University of Alabama-Birmingham.
Prior to joining DevCo, Spencer was an Assistant Development Director for Pivotal Housing Partners, where he assisted with the due diligence, entitlement and construction projects in North Carolina and Georgia. Outside of work, Spencer is involved in local and international ministry, teachings others how to discover their purpose in life.

Jack Jensen joined Devco in July 2022 as a Development Associate working across the Midwest and Southwest. His responsibilities include evaluating the feasibility of Section 42 new construction and rehabilitation projects, helping to secure their financing, and supporting them throughout construction.

Prior to joining DevoCo, Jack spent 2 years with a LIHTC developer based in the Southwest, 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 where he serves as a Development Associate covering the Southwest Region. Nick’s responsibilities include analyzing new multifamily Section 42 development and acquisition opportunities, securing financing for projects, and aiding with projects throughout construction.

Prior to joining DevCo, Nick spent 5 years working at KeyBank Real Estate Capital (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 graduated from The University of Texas at Dallas with a Bachelor of Science in Finance.

In his free time, Nick enjoys playing lots of bad golf, eating at new restaurants, and spending time with his friends and family.

David has over 3 years of Section 42 underwriting experience. Prior to joining the team at DevCo, David worked for National CORE, a non-profit community builder specializing in affordable, multifamily, mixed-income, senior, workforce, and special needs housing. David’s work included valuing over $2.5 billion worth of Section 42 assets, sourcing acquisition assets, performing research into new markets, and spear-heading various ad-hoc projects. As a Development Analyst, David underwrites new construction and acquisition/rehab deals, oversees the tax credit application process, performs research into new markets, manages the 8609/cost cert process and assists with various other development team projects. Additionally, he assists the Southwest Development Project Manager and Senior Development associate on transaction closings and other tasks related to the acquisition, development, and redevelopment of projects.

David has received a Bachelor of Arts in Business Administration from California State University of Fullerton, with a joint concentration in Finance and Accounting. In his free time, David enjoys snowboarding, traveling, weightlifting, sauna & cold plunge as well as spending time with friends and family.