About Us

Our History Looking Forward Key Personnel

 
 

Our History

 
For over 30 years, Development Associates, Inc. (DAI) has invested in, developed, and built a wide range of well positioned real estate assets throughout the Southeast. Based in Savannah, Georgia, DAI is one of the area’s most prominent commercial real estate development firms and has successfully developed a wide variety of product including commercial business parks, Class A office buildings, retail centers, apartment complexes, residential neighborhoods, light industrial, senior housing, a golf course and an airplane hangar.

 
 

Looking Forward

 
Operating as a small firm has allowed us to adapt to the changes in our market as we continue to focus on our core competencies to create value for our investors and partners. Future real estate trends are often difficult to predict, but as savvy investors and developers we are constantly searching for opportunities to create value.

 
 

Key Personnel

 


Michael J. Kistler

Founder & President

Principal

M.Kistler@DAICommercial.com

 
Michael J. Kistler grew up in Lyons, Michigan and graduated from Central Michigan University in Mt. Pleasant, Michigan in 1973, followed by Thomas M. Cooley Law School in East Lansing, Michigan, graduating in 1976 with…

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a J.D. degree. He was admitted to the State Bar of Michigan in 1976.

Kistler practiced law in Lansing, Michigan for approximately five years. While practicing law, Kistler became involved in investing and developing commercial real estate. In 1980, he joined First Centrum Corporation, a regional real estate development company specializing in low income housing development. While at First Centrum, Kistler first served as corporate counsel and then moved to Atlanta, GA to become President of the Southeast division. During his time at First Centrum, Kistler was involved in the development of 35 low income apartment complexes.

In 1983, Kistler formed his own development company, Development Associates, Inc., and developed apartment projects through the FmHA 515 program in both Georgia and South Carolina.  In 1986, he partnered with a general contractor based in Savannah, GA and formed the NorSouth Corporation.  During this time, NorSouth developed approximately 40 apartment complexes throughout the Southeast while also becoming involved in several large conventional tax credit projects.  In 1990, Kistler sold his 50% interest in NorSouth to his partner who still operates the mixed-income multifamily development firm – one of the most successful such firms in the Southeast.

Since the mid 1990’s, Kistler has been heavily involved with the growth and development of Western Chatham County, developing the Savannah Park of Commerce, Southern Oaks Business Center, Woodlands Financial Center, Pooler Park of Commerce, Highlands Park of Commerce, and Towne Lake Park of Commerce as well as several office and retail properties and Crosswinds Golf Club, located at the Savannah International Airport.


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Guy P. Davidson

Vice President

Principal

GPD@DAICommercial.com

 
Guy P. Davidson grew up in Savannah, Georgia and graduated from the University of Georgia in 2003, earning a B.B.A. in Finance from the Terry College of Business.  Upon graduation, he formed a real estate investment company…

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and in 2004 joined Development Associates, Inc (DAI) to help grow the real estate development firm’s portfolio. After spending a decade acquiring a comprehensive understanding of the development business under the guidance of DAI’s managing partner, Mike Kistler, Guy now oversees the daily operations at DAI. His primary responsibilities include deal analysis, project development, construction management, sourcing new opportunities for the company and government relations.


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Katherine K. Chancy

Property Manager & Real Estate Agent

 

K.Chancy@DAICommercial.com

 
Katherine K. Chancy grew up in Savannah, GA and graduated from Mercer University in 2003 with a B.A. in Marketing. She began her professional career with Flag Bank in Atlanta working in their marketing department…

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When the opportunity to return home to Savannah presented itself in the form of an offer from First Chatham Bank, she accepted a position in their marketing department and moved back to Savannah in 2005. When DAI decided to form an in-house Property Management division in 2007 to handle their growing real estate portfolio, Katherine was offered the opportunity to join the company to head up DAI’s new Property Management division. She is currently more than halfway through the licensing requirements needed to become a Certified Property Manager (CPM). When finished, Katherine will hold the only CPM license in the Lowcountry specializing in office and commercial properties.


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