AFFILIATED DEVELOPMENT, LLC
FORT LAUDERDALE, FLORIDA

Over the past 35 years our company has succeeded in delivering innovative projects while accomplishing strong economic returns and a positive social impact. The foundation of each venture we pursue begins by applying the organization’s core principles. Our company has developed and maintained longstanding relationships with both public and private organizations and individuals. We place these relationships above all else. We surround ourselves with the best in the business and approach each challenge with a collective approach. Teams build projects, not individuals. As an organization we relentlessly pursue our goals by implementing a tireless work ethic. This focus is deep-rooted in our company’s DNA. The real estate market is constantly evolving and we challenge ourselves on a daily basis to identify, evaluate and implement new strategies in every facet of our business. AFFILIATED DEVELOPMENT With an emphasis on multifamily mixed-use development in urban markets across the United States, Affiliated Development strives to create dynamic environments that promote vitality within a city’s urban core. Our team has a track record of partnering with government agencies, community organizations and nonprofits, and extensive experience in private and public finance. Nearly all projects the company pursues involve a public-private partnership, something that has become the cornerstone of our organization. In 2006, Mr. Burns shifted his primary focus to development. Mr. Burns partnered with Rick Barrett and Tan Lo of Milwaukee, WI to develop The Moderne; a 30-story high-rise residential tower in Milwaukee’s downtown. The project is comprised of 203 market rate apartments, 14 condominiums and a 7,500-square foot restaurant. Mr. Burns and his partners managed to close on the financing of the $65 million project during the height of the US financial crisis and the project was completed in 2012 on time and on budget, is fully leased and won the Business Journal’s 2012 “Project of the Year” Award. Mr. Burns is a resident of the City of Fort Lauderdale. Mr. Burns is a member of the Fort Lauderdale Chamber of Commerce, a member of the Fort Lauderdale Downtown Council board of Governors, and is a member of First Presbyterian Church in Fort Lauderdale. Mr. Burns is a graduate of the University of Missouri Business School. Mr. Rojo got his start in the real estate industry in 2006 as an Investment Banker in the Investment Banking Group at Wachovia Securities focusing primarily on providing capital raising and advisory services to public and private homebuilders and developers. At Wachovia Mr. Rojo was involved in all aspects of the business, from offering traditional investment banking products; high grade and high yield debt, common and preferred equity, private placements and M&A, to offering real estate asset specific transactions; such as project finance and facilitating bulk land sales. Mr. Rojo was afforded the unique benefit of structuring financings at the peak of the market cycle and then working with clients to restructure during the recession. Mr. Rojo left Wachovia to return to South Florida in 2010 in order to opportunistically acquire property at the height of the recession. Mr. Rojo is a resident of West Palm Beach, FL and sits on the Broward County Sheriff’s advisory council and is a board member of Student Aces, an organization that provides leadership training, coaching, mentoring and scholarships to local high school student athletes. Mr. Rojo graduated cum laude with a B.S.B.A. in Finance and New and Small Business Management from Georgetown University in Washington, DC and was a four-year letterman on the Georgetown Hoya football team where he was an Academic All American. Joe Costello serves as general council for Affiliated Development and oversees various company engagements. Joe is a Florida licensed attorney and has practiced in the real estate field for over ten years. Joe also serves as an Affiliate Brach Partner with Hyperion Title, a full service residential and commercial title company based on the West Coast of Florida. A former collegiate baseball player, Joe has substantial and diverse experience in both the small firm and large firm setting, and has represented individuals and entities throughout the State of Florida and at all levels of net worth and notoriety, including substantial work with professional athletes, entertainers, business owners, and talent agents. Joe has also been a featured guest speaker at various sports law-focused symposia and he is an active supporter of many local and national charitable organizations, including the Broward County Humane Society and his recent recognition as one of Fort Lauderdale’s top young professionals by the Cystic Fibrosis Foundation and Fort Lauderdale’s Gold Coast Magazine. Prior to joining the firm, Micayla gained experience in the financial services industry at Boston-based private equity software firm Bison. At Bison, Micayla worked to analyze in-house data and industry-level trends to create benchmarking and investing reports for GP and LP clients. Additionally, she conducted research to augment the firm’s internal databases, and contributed to the creation and subsequent improvement of original benchmarks comparing the performance of public and private markets. Previously, she also worked at quantitative investment firm Acadian Asset Management, where she focused on testing the validity of various factors in predicting future stock returns. Micayla got her start in the real estate industry in 2017 at Miami-based private equity firm Transcendent Investment Management, where she specialized in investor relations. This provided her the opportunity to determine fundraising strategy and execution, develop systems to quantify investor acquisition and retention, and produce customized materials for investors and prospects. Michelle Rice joined the Affiliated Development team as Executive Assistant / Office Coordinator after spending more than a decade in that capacity in her previous position.