High-yield multifamily development opportunities structured for sophisticated investors seeking tax-advantaged returns in Puerto Rico's most strategic corridors.
Interdevelopers is a Puerto Rico–based multifamily real estate development firm serving individuals and families in need of quality housing while creating institutional-grade investment opportunities for discerning capital partners.
We identify, entitle, develop, and manage multifamily assets across Puerto Rico's most strategic corridors — combining deep local market intelligence with the financial discipline institutional investors demand.
Our differentiated model leverages Puerto Rico's unique regulatory environment to maximize after-tax returns, making every project a compelling proposition for residents and investors alike.
A defining structural advantage of Interdevelopers is its direct partnership with Interdesign Architects — an international, award-winning architecture and planning firm founded and led by Fernando Rojas Sr. This relationship eliminates a critical layer of friction and cost that most real estate developers face.
Having the architect embedded in the ownership group means design decisions are made with development economics in mind from concept. No costly redesigns, no misaligned incentives between design vision and financial returns.
Interdesign's 31-year track record with Puerto Rico's regulatory bodies — municipalities, ARPE, and state agencies — accelerates permit timelines that routinely stall competitor projects by months.
In-house A&E services reduce soft costs, eliminate coordination delays between architect and developer, and allow value engineering in real time — directly protecting investor returns.
We target high-yield multifamily opportunities where regulatory knowledge, local execution, and tax strategy converge to produce risk-adjusted returns unavailable in mainland markets.
| 01 | High-Yield Multifamily Plays | We develop workforce and market-rate multifamily assets in supply-constrained submarkets with favorable rent growth dynamics and strong absorption fundamentals throughout Puerto Rico. | → |
| 02 | Leverage-Optimized Structure | Our deals are architected to maximize leverage efficiency — deploying investor equity at the top of the return stack while senior debt absorbs a significant share of total project cost. | → |
| 03 | Tax Exemption Integration | Act 60, LIHTC, Opportunity Zone, and HUD incentive programs are central to our underwriting and return models — not afterthoughts. Tax advantage is a structural feature of every deal. | → |
| 04 | Value-Add Repositioning | Selective acquisition of underperforming assets with clear paths to NOI expansion through unit renovation, management optimization, and mark-to-market rent strategies. | → |
| 05 | GP / LP Co-Investment | Accredited and institutional investors co-invest alongside our General Partnership through structured LP vehicles with preferred return hurdles and meaningful equity upside participation. | → |
| 06 | Exit Discipline | Each asset is underwritten with multiple exit scenarios. We target disposition at compressed cap rates to institutional buyers, maximizing equity multiple for LP partners at realization. | → |
Puerto Rico offers a unique constellation of federal and local tax incentives inaccessible to mainland real estate investments. Every Interdevelopers deal is structured to capture maximum incentive value.
Bona fide Puerto Rico residents benefit from 0% capital gains tax on gains accrued after relocating. For qualifying investors, this fundamentally changes the after-tax return profile of any equity investment made on the island.
Select projects are sited within designated Qualified Opportunity Zones — enabling capital gains deferral, partial step-up in basis, and potential permanent exclusion of future gains for eligible investors holding the required period.
Where applicable, we structure projects to qualify for 4% and 9% LIHTC allocations — generating dollar-for-dollar federal tax credits that directly reduce LP tax liability over a 10-year compliance period.
Puerto Rico's ongoing federal recovery allocations create grant and concessionary loan opportunities that, when layered into a capital stack, meaningfully reduce required equity and enhance overall investor returns.
Our principals bring together finance, development, and strategic expertise built over decades in Puerto Rico's real estate market.
Fabian leads investor relations, deal sourcing, and capital formation at Interdevelopers. His background spans multifamily finance, real estate private equity underwriting, and structured capital deployment across Puerto Rico's development market.
Fernando Jr. oversees ground-up development execution, contractor management, and asset operations across the active portfolio. His operational discipline ensures projects are delivered on schedule and within underwritten budget.
Fernando Sr. provides strategic direction and institutional relationships for Interdevelopers. With decades of experience in Puerto Rico real estate, he guides the firm's long-term vision and key government and stakeholder partnerships.
Every Interdevelopers investment follows a disciplined four-stage process designed to protect capital and maximize return at every phase.
Off-market deal identification through proprietary local networks and land relationships cultivated across Puerto Rico.
Rigorous financial modeling with downside protection built into every return scenario presented to investor partners.
Syndication across LP co-investors, preferred equity partners, and senior lenders — structured to optimize yield at every tier.
Targeted disposition to institutional buyers with full waterfall distribution to LP partners upon realization of each asset.
We accept qualified accredited investor inquiries on a selective basis. A member of our team will respond within 48 hours of submission.
This website is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Investment in real estate involves risk, including loss of principal. Past performance is not indicative of future results. All investment opportunities are available only to accredited investors as defined under applicable securities laws. Tax outcomes are dependent on individual circumstances; consult qualified tax counsel before investing.