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Alternative Assets  + Real Estate  |  March 25, 2025
USEDC Execs Launch Private Real Estate Company
Joe Palmisano
By: Joe Palmisano

USEDC Execs Launch Private Real Estate Company

The investment team steering U.S. Energy Development Corporation (USEDC) has unveiled U.S. Property Development LLC, a new private real estate investment firm. This venture will concentrate on opportunities in industrial, self-storage, and commercial real estate across the U.S.

Though separate from USEDC’s oil and gas activities, the new company capitalizes on the team’s deep expertise in asset-based investments and utilizes operational efficiencies gained through a common back-office system.

“Our team at U.S. Property Development brings a wealth of expertise in identifying and developing real estate with strong revenue potential,” said Matthew Iak, CEO of U.S. Property Development. “We invest our own capital first, inviting partners to join us and invest alongside us.”

Headquartered in Fort Worth, TX, the firm’s portfolio features a $12 million investment in a five-building automotive auction complex, covering 92,037 square feet across a 39-acre plot in Springfield, MO. Additionally, U.S. Property Development has ventured into two self-storage projects: a 23,422 square-foot facility with 154 units in Lewiston, NY, and a 76,850 square-foot development in Hamburg, NY, which is currently under construction and will provide 542 units when finished.

The senior leadership at U.S. Property comprises executives from USEDC, headed by Iak. Alongside him are Brandon Standifird, serving as CFO; Todd Van Pelt, acting as VP of product development; and Jordan Jayson, who chairs the advisory board.

Pictured: Matthew Iak

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U.S. Property Development

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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