Because People Need a Place
to Live.
Developing and building much-needed apartment housing in West Michigan and beyond.
WHY VICTORY
DEVELOPMENT GROUP?
A recent Housing Next study reports that Kent and Ottawa County need to build over 13,000 new rental units by 2025, which is an average of 100 new units per week. This is far more than the number of units coming on-line or in the construction pipeline.
With occupancy averaging 98% and with double-digit rent increases, there is an urgent need to develop and build more rental housing.
We're helping build the solution.
We're four Grand Rapids-based business owners and entrepreneurs who've strategically joined forces as Victory Development Group.
Each of us brings a unique set of skills and experiences to the table that allows us to build market-rate apartment communities that appeal to all types of residents.
There has never been a greater need for housing in West Michigan. Our goal is to construct as many new quality residential units as possible, while building vibrant apartment communities and revitalizing neighborhoods.
"THE SECRET OF CHANGE IS TO FOCUS ALL OF YOUR ENERGY NOT ON FIGHTING THE OLD, BUT ON BUILDING THE NEW."
SOCRATES
![900 Leonard_Exterior[15]_edited_edited_edited.png](https://static.wixstatic.com/media/44bfae_9e4e73e9bc034104bef13cc78ad9b69e~mv2.png/v1/fill/w_356,h_232,al_c,q_85,usm_0.66_1.00_0.01,enc_auto/44bfae_9e4e73e9bc034104bef13cc78ad9b69e~mv2.png)
CURRENT PROJECT
Victory on Leonard is a $21 Million, 120-Unit, Mixed-Use apartment development located at 900 W Leonard Street in Northwest Grand Rapids, MI.
The original Grand Rapids YMCA building was located here, and in 2020 Victory Development Group purchased it with the intent to develop and build apartment units. We broke ground in November, 2021 and are scheduled to welcome our first residents in June, 2023.
Jack Hoedeman
Jack is the CEO of Compass Insurance Agency. His 20+ years of risk management, entrepreneurship, and leadership has grown Compass into a $20M operation, covering 22 states. Compass has twice been nationally recognized as an “Insurance Agency of the Future” by Liberty Mutual Insurance.
Brian Hamrick
Brian is the owner of Hamrick Investment Group and asset manages over $65 M in real estate, including multifamily and apartments, self-storage, and vacation rentals.
Brian has bought & sold over 450 units and is the host of "The Rental Property Owner & Real Estate Investor Podcast."
Brad Laackman
Brad is President and CEO of Honor Construction and a U.S. Navy Veteran. Brad's significant experience in commercial construction includes over $100 M in projects such as multifamily, senior housing, healthcare, hospitality, light industrial
and office.
Jeff Royce
As developer, Jeff has delivered nearly $400M in large apartment and high-rise projects in MI, GA, TN and TX. These projects created nearly 1,500 residential units and over 40,000 sf of retail. Jeff is also the owner of 1025 Ventures and Partner in Honor Construction.
Get Involved
VICTORY MEANS OPPORTUNITY.
Grand Rapids isn't the only city in West Michigan we're developing— We're also in Muskegon and other soon to be announced locations.
If you are an accredited investor and would like to learn more about the opportunities to invest with us, please get in touch.
