Northstar Development Partners

Direction.
Precision.
Development.

Institutional-quality residential development opportunities — structured for disciplined investors seeking transparent, yield-generating real estate exposure in underserved Pennsylvania markets.

Built on Structure.
Accountable at Every Phase.

"Direction. Precision. Development."

Northstar Development Partners is a residential development firm focused on for-sale townhome communities in underserved Pennsylvania markets. We bring institutional underwriting discipline to markets where supply constraints and affordability fundamentals create durable investment opportunity.

Our investors always know where they stand. The numbers are clean. The plan is real.

Transparency
Monthly construction updates, quarterly financials, and annual K-1s. Investors receive complete visibility from groundbreak through final distribution.
Precision in Underwriting
Deals are modeled conservatively with 9.2% contingency reserves and sensitivity-tested at multiple price and cost scenarios before capital is committed.
Accountability
The GP's development fee is paid only at project completion. Our financial alignment with investors isn't a talking point — it's built into the structure.

Active Investment Opportunities

LP interests are offered exclusively to accredited investors under Regulation D. Minimum investment $100,000.

Actively Raising
NDP Residential Fund I
Cambria County, Pennsylvania · For-Sale Townhomes
Downside IRR
8.4%
−5% price / +5% cost
Base Case IRR
11.7%
Projected · 1.61× EMx
Best Case IRR
15.1%
+5% price / −5% cost
7%
Pref Return
32
Total Units
24.5%
Gross Margin
Mo. 21
Payback Month
$11.2M
Gross Revenue
9.2%
Contingency
Investment Duration ~58 months  ·  ~4.8-Year Hold Period
Pre-Dev (5 mo.) Phase 1–4 Construction (48 mo.) Final Sales (5 mo.)
  • LP capital returned in full before GP earns any profit share
  • Four staggered phases recycle early sales proceeds into subsequent construction, reducing peak equity exposure
  • Attainable price point targeting the regional workforce buyer in a market with limited new-construction supply
  • Built-in contingency reserve across hard costs, soft costs, and schedule delay — funded before the first draw

The Structural Advantages
of This Approach

Every aspect of the deal structure is designed to protect LP capital first and align developer incentives with investor outcomes.

01
LP Capital Priority
Investors receive full return of capital plus a 7% annual preferred return before the GP earns a single dollar of promote. The waterfall is contractual, not discretionary.
02
Phased Risk Reduction
Sequential phases mean early-phase sales proceeds partially fund later construction. No single decision commits all units simultaneously. Each phase is a natural checkpoint to assess market conditions before proceeding.
03
Market Fundamentals
A supply-constrained county market with favorable land basis and meaningful affordability gap between new construction cost and target sale price. The margin is built into the underwriting, not the forecast.
04
Aligned Incentives
The GP's primary development fee is not paid until project completion — the GP works through the full development and sales cycle before collecting their largest compensation. No delivery, no fee.
05
Conservative Underwriting
9.2% contingency reserve, sensitivity-tested at multiple price and cost scenarios, and a working capital buffer above peak equity. The base case is not the best case.
06
Transparent Reporting
Monthly construction updates, quarterly financials, and annual K-1s. Investors receive complete visibility from groundbreak through final distribution — no surprises, no delays.

Ready to Learn More?

Complete the form and a member of the Northstar team will follow up within one business day with offering materials and availability for an investor call.

Project
NDP Residential Fund I
Cambria County, Pennsylvania
Offering Status
Actively Raising — $2,300,000 Target
Accredited Investors Only
Minimum Investment
$100,000
Offering Exemption
Regulation D, Rule 506(b)

Investor Inquiry

All information is confidential and used solely to respond to your inquiry and verify eligibility. Submitting this form does not constitute a subscription or commitment to invest.

This inquiry form is for informational purposes only and does not constitute an offer to sell or solicitation to buy securities. LP interests in NDP Residential Fund I LLC are offered only to accredited investors under Regulation D. Northstar Development Partners is not a registered investment adviser or broker-dealer. Please review all offering documents and consult your own legal, tax, and financial advisors.

Inquiry Received

Thank you for your interest in NDP Residential Fund I. A member of the Northstar team will be in touch within one business day with the requested materials and next steps.

Operators. Not
Order-Takers.

Every project is led by the same team that underwrote it. Northstar's principals are directly involved in acquisition, development management, and construction oversight — from contract to close.

The People Behind the Deal

Bryan Sable
Bryan Sable
Managing Principal

Bryan Sable is the founding principal of Northstar Development Partners and serves as General Partner for NDP Residential Fund I. He is responsible for deal origination, investor relations, capital structure, financial underwriting, and overall project strategy.

Bryan structured the Skyview offering with a clear mandate: capital discipline, investor-first waterfall mechanics, and a development plan that could withstand material price and cost headwinds. He manages all LP relationships, reporting obligations, and regulatory compliance for the project.

His approach to development is straightforward — conservative underwriting, transparent communication, and a fee structure that aligns GP incentives with LP outcomes from day one.

Deal Origination Financial Underwriting LP Relations Capital Structure Reg D Compliance Project Strategy
Brad Duca
Brad Duca
Director of Construction & Lead Contractor

Bradley Duca holds a Bachelor's degree in Political Science with a concentration in Pre-Law and completed the prestigious Washington Center internship program. He grew up working alongside his father in FD Enterprises — a residential building company founded in the 1980s — learning every trade from the foundation up.

While studying at California University of Pennsylvania, Brad recognized an acute shortage of quality off-campus student housing. He partnered with his brother and father to form Duca Brother Developments in 2010. Within two years, the team had built three student housing buildings and self-managed two of them — rented to capacity under their direct leadership.

Brad's defining passion is materials science: sourcing and specifying the most durable, sustainable building products on the market. That commitment to quality — not just cost — is what sets Duca-built projects apart.

Construction Management Subcontractor Oversight Field Supervision Schedule Management Quality Control Materials Specification
Frank Duca
Frank A. Duca III
Construction Operations

Frank A. Duca III is a second-generation builder whose construction instincts were forged alongside his father's company, FD Enterprises, from childhood. As co-founder of Duca Brother Developments, Frank has spent his career in the field — executing residential projects from site prep through final finishes across Western Pennsylvania.

His role at Northstar spans the full construction lifecycle: from early sitework and foundation coordination through vertical construction, MEP rough-in, and interior finishes. Frank's continuous on-site presence provides Northstar — and its investors — with construction accountability at every phase of the build cycle.

The decade following their Cal U projects was spent consulting on and building a wide range of residential to commercial work — steadily expanding both the scope and complexity of Duca Brothers' portfolio. That breadth of experience is the operational backbone Northstar is built on.

Education
B.A. History, Minor in Spanish — University of Pittsburgh
Site Operations Build Quality Sitework Coordination Interior Finishes MEP Coordination Phase Management

A Century of Building
in Western Pennsylvania

The Duca family's connection to Pennsylvania construction runs deep. Two buildings erected by their great-grandfather in 1914 and 1921 — featuring street-level retail and upper-floor apartments — still stand today in Johnstown's historic downtown. That legacy didn't fade; it evolved.

Their father founded FD Enterprises in the 1980s, focusing on residential building across the region. Brad and Frank worked alongside him growing up — learning the trades before they learned to negotiate a contract. When they identified an opportunity at California University of Pennsylvania in 2010, they didn't just pitch a development. They built it themselves, managed it, and filled it.

Over the following decade, the Duca Brothers moved from student housing into a broader portfolio of residential and commercial consulting and construction across Western PA. That body of work — spanning everything from foundations and framing to full commercial fit-outs — is the experience base that informs every line in the Northstar budget.

1914
Great-grandfather builds
first Johnstown property
1980s
FD Enterprises founded
by father Frank Duca Sr.
2010
Duca Brothers formed —
3 buildings in 2 years
2026
Northstar formed for
institutional-scale development
Duca Brother Developments — Field Operations
Construction site operations
Active site operations — the kind of job site management Brad and Frank Duca bring to every Northstar phase.

How We Approach Every Project

Northstar is not a volume shop. We take on one project at a time, managed by the same principals from underwriting through final distribution. That focus is a structural feature, not a limitation.

"Structured in four staggered phases to reduce peak capital requirements. All capital is investor-provided. No developer equity at risk."

The team speaks plainly with investors. When the numbers are good, they say so. When there are risks, they model them and disclose them. The offering documents reflect reality, not a best-case scenario dressed up as a projection.

Methodical
Every decision sequenced and documented
Transparent
Open books, consistent reporting
Grounded
Conservative underwriting, no hype
Precise
Numbers are the argument
Trustworthy
GP fees aligned with project success
Patient
Built for investors with long horizons

Built Before Northstar.
The Foundation It Stands On.

Brad and Frank Duca have been on job sites their entire lives — first alongside their father, then building their own portfolio of residential projects under Duca Brother Developments. The work below represents a record of the construction experience and execution capability the Duca team brings to every Northstar project.

BD
Brad Duca headshot
Brad Duca
Lead Builder & Co-Founder
FD
Frank Duca III headshot
Frank A. Duca III
Builder & Co-Founder

Construction Is the Family Business.

Their great-grandfather built two properties in Johnstown's historic downtown — one in 1914, one in 1921. Both still stand. Their father, Frank Duca Sr., founded FD Enterprises in the 1980s, building residential projects across Western Pennsylvania. Brad and Frank grew up on those job sites.

When Brad was at California University of Pennsylvania, he saw a clear need: quality off-campus student housing was scarce and what existed was poor. He and Frank partnered with their father to form Duca Brother Developments in 2010. In two years they built three student housing buildings — and self-managed two of them, renting to capacity under their direct leadership.

The decade that followed was spent broadening the scope: residential consulting, commercial construction, and custom builds across the region. When Brad and Frank say a budget is realistic or a schedule is achievable, it comes from having built it before — not from a spreadsheet.

Prior Firm
Duca Brother Developments
Founded
2010
Predecessor
FD Enterprises (est. 1980s)

Selected Work — Duca Brother Developments

Prior Experience Disclosure The projects below were completed by Brad and Frank Duca under Duca Brother Developments prior to the formation of Northstar Development Partners. They are not Northstar projects and should not be interpreted as Northstar's track record. They are presented solely to demonstrate the construction experience and capabilities of the Northstar build team.

Lakefront Build — Construction Sequence

The following images document the full construction sequence of a recent custom lakefront residence — from initial excavation through structural framing, MEP rough-in, and interior finishing. Photography by the Duca Brothers team.

Duca Brother Developments — 79 Ash Street office

Duca Brother Developments
79 Ash Street Office

Duca Brother Developments operated out of its own commercial office space in Western Pennsylvania — the physical address of an active, established construction firm with a real book of business, not a side project.

The firm's presence in the local construction market — with licensed contractors, established subcontractor relationships, and a regional reputation — is the operational backbone Brad and Frank bring to Northstar Development Partners.