Unlocking Value in
Tennessee's Path of Growth
A decade of transforming raw land into builder-ready finished lots across Nashville, Knoxville, and Chattanooga — delivering predictable, milestone-driven returns for our capital partners.
Our Story
A Decade of Building
Tennessee's Future
Founded in 2014, True North Development has spent a decade mastering the most complex and value-generating phase of residential real estate: the entitlement and horizontal development of raw land into builder-ready finished lots.
We operate exclusively in Tennessee's three high-growth corridors — Nashville, Knoxville, and Chattanooga — markets where surging migration-driven demand meets a chronic shortage of shovel-ready inventory. Our deep local relationships, proprietary deal sourcing, and proven entitlement expertise give us a durable competitive advantage that institutional players simply cannot replicate.
We absorb entitlement and infrastructure risk so that national production builders can execute their asset-light strategies — and so our capital partners can earn predictable, milestone-driven returns.
Where We Operate
Tennessee's Three Growth Corridors
All three markets share the same fundamental thesis: low supply, high demand, and strong builder appetite for finished lots.
Nashville
Record-low inventory with median home prices near $500,000. Sustained migration-driven demand from corporate relocations and population growth continues to outpace new supply.
Knoxville
A high-stability market with sales volume up 8.4% year-over-year. Strong mid-tier builder activity and a growing University of Tennessee-anchored economy drive consistent demand.
Chattanooga
Tennessee's emerging tech hub — dubbed 'Gig City' for its pioneering fiber infrastructure. A 34% rise in buyer interest and a significant inventory deficit signal accelerating opportunity.
"All three markets share low supply, high demand,
and strong builder appetite for finished lots."
How We Create Value
A Proven Four-Step Value Chain
Every project follows the same disciplined process: turning raw land into builder-ready inventory in 15–24 months.
Source
Identify off-market parcels through proprietary data and local networks. Our decade of relationships surfaces deals that never reach the open market.
De-Risk
Secure zoning, entitlements, and environmental approvals. This is where the greatest value is created — and where our local expertise creates the most defensible moat.
Build
Execute horizontal construction: roads, utilities, grading, and infrastructure. We transform entitled land into shovel-ready finished lots.
Exit
Sell finished lots to production builders via phased Lot Purchase Agreements (LPAs). Predictable, milestone-driven cash flows returned to capital partners.
Performance
Proven Track Record at Scale
What Our Track Record Demonstrates
Over 5,000 lots successfully entitled across target Tennessee markets
5 full-cycle developments completed within the last 24 months
Demonstrated ability to navigate complex municipal approvals efficiently
Proven execution from raw land sourcing to finished lot disposition
Asset-light model limits long-term balance sheet exposure
Revenue realized through phased lot closings — predictable, milestone-driven cash flows
Capital Efficiency
Our asset-light model limits long-term balance sheet exposure while revenue is realized through phased lot closings — delivering predictable, milestone-driven cash flows to our capital partners.
Active Portfolio
Current Projects
5 active developments across Tennessee's three growth corridors, representing 863 total lots.
Ridgeline Reserve
Under Construction87-acre master-planned community in Williamson County's fastest-growing corridor. Phase 1 lots delivered and absorbed. Phase 2 horizontal construction underway with D.R. Horton LPA in place.
Project Metrics
Capital Partners
Invest With True North
We are currently raising our seed round of $930,000 – $1,200,000 to fund land deposits, pre-development soft costs, and operating capital for our first target project.
Why Partner With Us
Seed Round — Use of Capital
Express Interest
Complete the form below and our investor relations team will reach out within 48 hours.
For Land Sellers & Brokers
Submit a Deal to True North
We are actively acquiring land across Tennessee's growth corridors. If you have a parcel that fits our criteria, we want to hear from you. We respond to every submission within 48 hours.
What We're Looking For
Why Work With True North
Property Submission Form
All submissions are reviewed confidentially by our acquisitions team.
Leadership
A Complementary Team Covering
Every Phase of the Lifecycle
Eric Hensley
Strategic leadership, capital markets, and investor relations. Eric drives the company's vision and oversees all capital partner relationships.
Adam Green
Navigates municipal approvals, zoning, and pre-development risk. Adam's decade of Tennessee regulatory relationships is our most durable competitive asset.
Ryan Long
Manages financial strategy, capital allocation, and project underwriting. Ryan ensures every dollar is deployed toward de-risking and advancing projects to exit.
Billy Waits
Oversees civil engineering, infrastructure, and horizontal construction execution. Billy translates entitled land into shovel-ready finished lots on time and on budget.
"Municipal entitlement is hyper-local — relationships take years to build. True North has deep roots in Tennessee's regulatory ecosystem, creating a defensible niche with high barriers to replication."
Important Legal Notice
Investor Disclaimer
NO OFFER OR SOLICITATION. The information contained on this website is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or investment product. Any such offer or solicitation will be made only by means of a formal Private Placement Memorandum (PPM) or other offering documents, and only to qualified investors in jurisdictions where such an offer or solicitation is permitted by applicable law.
ACCREDITED INVESTORS ONLY. Investment opportunities offered by True North Development are available exclusively to "accredited investors" as defined under Rule 501 of Regulation D of the Securities Act of 1933, as amended. Prospective investors must satisfy applicable suitability requirements before participating in any offering. Nothing on this website should be construed as investment advice or a guarantee of any particular outcome.
RISK OF LOSS. Real estate investments involve significant risks, including but not limited to: loss of principal, illiquidity, changes in market conditions, regulatory and entitlement delays, construction cost overruns, interest rate fluctuations, and general economic conditions. Past performance is not indicative of future results. Projected returns, target metrics, and financial projections presented on this website are forward-looking statements based on assumptions that may not prove accurate. Actual results may differ materially from projections.
FORWARD-LOOKING STATEMENTS. Certain statements on this website, including statements regarding target gross margins, equity multiples, lot absorption rates, project timelines, and capital deployment, constitute forward-looking statements. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. True North Development undertakes no obligation to update any forward-looking statement.
NO REGISTRATION. Securities offered by True North Development have not been registered under the Securities Act of 1933, the Securities Exchange Act of 1934, or any state securities laws. Such securities are offered pursuant to exemptions from registration, including Regulation D. Investors should consult with their own legal, tax, and financial advisors before making any investment decision.
CONFIDENTIALITY. The information on this website is confidential and intended solely for the use of the individual or entity to whom it is addressed. Any unauthorized review, use, disclosure, or distribution is prohibited. By accessing this website, you agree to maintain the confidentiality of the information contained herein. For questions regarding investment opportunities, please contact our investor relations team directly.
By continuing to use this website and submitting any inquiry form, you acknowledge that you have read, understood, and agree to the terms of this disclaimer. This disclaimer does not constitute legal advice. Please consult a qualified attorney for legal guidance specific to your situation.