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CEO of Northshore Development

Franz Hanning

“NSD Partners is committed to bringing the best regional and national talent together to develop best in class assets for the long term benefit of the communities they serve with security of investor interest.”

Northshore Development

Our Core Values

Reliability

Our structure as a privately held company allows for flexibility to underwrite and execute deals of all asset types, sizes and structures in order to secure the best opportunities in the market. From buying and developing raw land to re-branding hotels and building neighborhood retail centers. We offer a reliable return on investment.

Social Responsability

Our Vision at Northshore aims to achieve a strong connection between social responsibility and financial freedom. Our vision is centered on a solid belief and desire to positively impact our partners’ ability to quickly and effectively develop financially feasible, environmentally conscience, and community-centric opportunities.

Experience

Northshore Development, LLC has a unique offering and position in the marketplace with senior executive leadership, development, construction management, finance and operational knowledge from the top tier of global real estate firms. The team encompass over 100 year of experience and developed more than 25,000 residential units, with participation in more than $8billion of assets.

Strategy

Northshore embraces a development model with significant partnership equity allocated towards each project and a thoughtful investment strategy that accounts for near term growth and long-term stability. Northshore primarily employs value-add and opportunistic strategies to generate above average, risk-adjusted returns for its investors. Its expertise spans ground-up construction, rebranding, value­add acquisitions and re-developments.

Northshore Development

Meet our Team

Northshore Development is based in Orlando, FL. The team is led by a highly visible CEO who spent 25 years as the top executive within Wyndham Vacation Ownership, a COO who has participated in the structuring and capital investment of over $5 billion of world class real estate assets, and an EVP of Development with more than 30 years of commercial real estate construction and development experience.

Franz Hanning

Chief Executive Officer & Managing Member

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Andrew R. Steel

Chief Operating Officer and Partner

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Carol Chang

Chief Administrative Officer

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Miguel Reynaldos

Executive Vice President of Development

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James Shulterbrond

Director of Finance

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Blake A. Maher

Director of Acquisitions and NSD Partners

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Adam Frocione

Vice President of Development

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Northshore Development, LLC has a unique offering and position in the marketplace with senior executive leadership, development, construction management, finance and operational knowledge from the top tier of global real estate firms.

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  • Monday - Friday: 8:00 AM - 6:00 PM
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Chief Executive Officer & Managing Member

Franz Hanning

Franz S. Hanning served as President and Chief Executive Officer. Wyndham Vacation Ownership since their separation from Cendant in July 2006. Mr. Hanning was responsible for the world’s largest developer and marketer of flexible, points-based vacation ownership products. The company’s five primary consumer brands – CLUB WYNDHAM©, WorldMark© by Wyndham, Wyndham Vocation Resorts Asia Pacific. Shell Vacations Club and Margaritaville Vacation Club@ -together comprise more than 200 resort properties, representing approximately 24,000 vacation ownership units and serving more than 900,000 owner families worldwide. After retiring from Wyndham Vocation Ownership in December; 2016, Hanning formed Northshore Development to manage his property holdings in Palm Bar, Florida. He owns Palm City Investments FH, LLC which owns the 24 acres property in Palm Bay. Specialists in Commercial Real Estate Development, Investment, and Branding.

SteelChief Investment/Financial Officer And Partner

Andrew R.

Mr. Steel has 15 years of experience managing and negotiating complex transactions in the hospitality, office and residential real estate sectors. He has participated in over $5 billion of successful real estate transactions and brings a strong background of financial expertise. Mr. Steel has worked with the top-tier of real estate development teams throughout his career including Margaritaville Holdings, The Related Group and The Carlton Group. Mr. Steel has also been a successful fintech entrepreneur with the founding of one of the first real estate fintech platforms and he brings a unique vision for creative structuring and strategic financial planning for long term success with the Northshore Development platform. Mr. Steel holds an MBA degree from Rollins College with concentrations in real estate finance and economics.

Chief Administrative Officer

Carol Chang

Ms. Chang has 25 years of experience providing administrative support to C-Suite professionals at prominent organizations such as Wyndham Vacation Ownership, Golf Channel, and Orlando Magic. She is best known for her professionalism, integrity, and strong work ethic.

Executive Vice President Of Development

Miguel Reynaldos

Miguel A. Reynaldos has more than 30 years of commercial real estate experience, encompassing development and project management, design management, construction administration, entitlements, regulatory compliance and consulting. His diverse real estate background includes managing the development process, both as owner and on a consulting basis as owner’s representative and project types including industrial, office, educational, public facilities, multi-family residential, as well as, specialized expertise in data centers.

Director Of Finance

James Shulterbrond

Mr. Shulterbrondt is an accounting and finance professional with over 12 years of experience in the real estate industry. Throughout his career he has served in various accounting roles of property management and construction with a unique expertise in the sectors of multifamily housing, office, and retail. His success has been primarily due to his professionalism and excellent work ethics. Mr. Shulterbrondt holds a Master of Finance degree from Webster University.

Director Of Acquisitions And NSD Partners

Blake A. Maher

He provides a broad range of financial and management coordination through the entire development cycle. Prior to joining NSD, Blake worked as an analyst in the Property Finance division of Doral Bank. He was responsible for analyzing potential debt investments across multiple asset classes for a national real estate platform. His primary responsibilities included cash flow analysis, debt memorandum creation and market research. He is a graduate of the University of Florida with a background in Finance and Economics, as well as a graduate of Crummer School of Business at Rollins College where he obtained his Masters in Business Administration.

Vice President Of Development

Adam Frocione

Mr. Frocione has a track record of more than eight years of diverse experience in institutional real estate investment management and development and has successfully completed more than $2 billion in transactions across sectors and risk / return profiles during his career. He is responsible for sourcing, underwriting, negotiating, due diligence, and closing of commercial investments and developments across the firm. He is a graduate of Stetson University with degrees in finance and applied statistics.