SRM Development

SRM Development

SRM Development operates as the family office and operating platform for Bryan Stone, building a concentrated portfolio of senior living communities and multifamily assets from its Spokane headquarters. The firm retains in-house general contracting, architecture, and property management capabilities, a structure that allows it to originate, entitle, construct, and stabilize projects without relying on third-party developers or fee-driven operators. The firm's deployment strategy centers on direct development of age-restricted active adult and independent living communities, with select build-to-rent multifamily projects in secondary markets across Washington, Idaho, Montana, and Oregon. SRM self-performs construction through its affiliated entity, SRM Construction, and operates completed properties under the SRM Management arm. Confirmed projects include the Affinity at Mill Road senior living community in Spokane and the Bend at Locust Grove active adult project in Meridian, Idaho (per public record). The geographic footprint favors supply-constrained suburban locations with aging demographics and limited institutional competition. As of 2024, the firm continued to advance new ground-up developments in the Inland Northwest. In April 2024, SRM secured entitlements for a 141-unit active adult community in Post Falls, Idaho, marking continued expansion into North Idaho's senior housing market (per the City of Post Falls public records, 2024). The firm maintains no disclosed external fund structures, operating as a proprietary balance-sheet developer rather than a commingled real estate fund. SRM's structural differentiator lies in its fully integrated, non-institutional development model. Unlike most family offices that invest as limited partners in third-party real estate funds, SRM serves as its own developer, builder, and operator. This vertical integration eliminates sponsor fees and promotes alignment between construction quality and long-term asset performance, a posture that mirrors the operating-company approach more commonly seen in European family-held industrial groups than in US real estate investment platforms.