Team
Phil Hoban
PRINCIPAL
Phil founded PH Development in 2021 and leads the firm’s acquisitions, capital raising and operations. Since its onset, PH Development has acquired, repositioned, and operated $50M of multifamily real estate through joint venture and syndication models across the Pacific Northwest.
Prior to launching PH Development, Phil began his career at MainStreet Property Group, NAIOP Washington’s 2019 Developer of the Year. He joined as an intern in 2014 and grew into a key member of the team behind the development and operations of over 1,500 Class-A multifamily units on Puget Sound’s Eastside.
Phil has worked hands-on in every part of the real estate business. From punching units and debarking trees to underwriting complex deals and capital raising, there isn’t a job that he hasn’t done. His philosophy is simple: understand value, operate with focus, and outwork the competition.
Phil is a 425 Business 30 Under 30 Honoree and holds a degree in Economics and Entrepreneurship from Santa Clara University.
AI-Enabled Operations — The Grok Bot Team
PH Development is supercharged by a team of AI Agents that are highly trained to organize large amounts of information and efficiently execute on their roles. While our principal is involved heavily in day-to-day operations, the AI team allows processes to run as smooth and efficient as possible. They are used strategically and wisely to ensure strong analysis, operations, and growth.
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Asset Manager
Portfolio Operations & NOI: Monitors daily operating performance across the portfolio; tracking occupancy, leasing velocity, rent collections, renewal pricing, operating expenses against budget, and third-party property manager execution.
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Project Manager
Renovations & Conversions: Tracks renovation schedules, contractor scopes, budget-to-actuals, draw requests, permitting milestones, and unit turn delivery across renovation and conversion projects.
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Analyst
Deal Sourcing & Underwriting: Screens and underwrites acquisition opportunities across targeted submarkets by running financial models, debt-sizing scenarios, and submarket research.
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Advisory Board Member
Capital Markets & Strategy: Provides senior institutional review on debt structuring, refinancing windows, interest-rate risk, joint venture and syndication terms, and quarterly LP communications.
Notable Prior Projects
Prior to launching PH Development, Phil worked on some of the largest and most impactful multifamily developments in the greater Seattle area during his time at MainStreet Property Group. These projects shaped core neighborhoods in some of the most notable suburban locations in the region. His work on these projects spans across leasing, construction, development, and asset management.
