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.

Michael Volz joined DevCo in 2019 where he serves as the Finance Manager. As Finance Manager, Michael oversees the underwriting, sourcing of debt and sourcing of tax credit equity for DevCo’s new construction properties in Washington State. Additionally, he is responsible for sourcing, underwriting and financing the acquisition and rehabilitation of existing multi-family properties. During his tenure at DevCo Michael as overseen the acquisition of over 1,200 existing affordable units.

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

Prior to joining DevCo Mr. Volz spent five years working for a national affordable housing developer where he oversaw the acquisition and/or rehabilitation of over 1,500 existing Section 42 and Section 8 units.

As an avid musician, Michael enjoys spending his spare time playing saxophone in small and large ensembles. He is also working on his golf game and enjoys spending time with his wife and their labradoodle.

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.

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.

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.

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.

With Lindsay’s diverse background in multi-family real estate, residential real estate, and corporate and real estate law, she brings a unique blend of analytical expertise, legal insight, and client-focused service to all stages of the transaction process—from acquisition and due diligence to closing. Experienced in transaction management, Lindsay effectively oversees complex deals, coordinating seamlessly between internal teams and external stakeholders to ensure smooth execution and optimal outcomes. She also brings a wealth of experience in client relations, leveraging excellent communication skills to build strong, trusted relationships with third-party consultants, investors, lenders, and legal teams.

Lindsay has a strong academic background, having completed coursework in Paralegal Studies and holding a WA Real Estate License, where she developed a deep understanding of real estate, contract, and corporate law.

Outside of work, Lindsay enjoys spending quality time with her family, traveling, staying active—especially through cycling—and experimenting with new culinary creations.

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.