About the firm
Built between the large and the local.
NS Development is a private equity real estate firm acquiring and developing industrial property across the Mid-Atlantic. Founded in 2023 on two careers spent inside the firms we now compete with.
Founded
2023
Footprint
4 States
Capital deployed
$17.55 MM
Properties
5
Team Experience
20+ Years
WHO WE ARE
We waited on purpose.
Origin
NS Development Partners was founded in 2023 — but the foundation was laid long before.
Ian and Cory first crossed paths in 2019, working together with a Philadelphia based developer. From the start, it was clear the partnership would extend beyond any single employer. The question was never if they would build something together — only when.
Together they bring more than two decades of hands-on experience: acquisitions, asset management, construction, capital markets, property management, leasing and everything in between. They spent years learning not just what works, but what they didn’t want to be — the kind of clarity that only comes from time in the field.
When the moment felt right, they made the move. NSD was built deliberately, by founders who knew exactly what they were building and why.
Operating principle
Our structure is our edge.
Every deal and decision runs through two operators with complementary backgrounds. No handoffs or siloes. Nothing moves forward unless it holds up on both sides of the table.
WHERE WE SIT
NS Development sits in the gap.
The experience of an institutional firm without the bureaucracy.
The agility of a local sharp shooter with disciplined due diligence.
On one side
Institutional Capital Allocators.
Sophisticated with immense buying power. Multiple layers between principals and boots on the ground. Brokers and Sellers wait for answers. Investment parameters include arbitrary check sizes that prevent acquisition or development of smaller properties with outsized returns and mitigated risk.
In the middle — NS Development
Operator-grade. Both.
Two complimentary partners. Cory leads construction, development, and leasing. Ian leads capital markets, investments, and legal. Both handle day-to-day operations. Each play devil’s advocate to the other. Iron sharpens iron.
On the other side
Lone-wolf local.
Hands-dirty and present, but thin on bandwidth, underwriting depth, and network. One decision-maker, one set of biases and past experiances. The deal that was a little too big to chew blows it all up.
WHAT MAKES US
What we're building toward.
Vision
Deliver superior products in markets with strong fundamentals.
Quality over quantity. The right opportunity at the right time — held to the standards of the institutional capital we came from.
Values
Trust and transparency. End to end. Every deal, every partner.
With our investors, our partners, our communities, and our team. We say it plainly. Because the work has to back it up.
Continue
Where to next.
Meet the team.
Cory Ehrentreu and Ian Scullion — two operators, opposite backgrounds.
To the Team
Door 02See the portfolio.
Industrial properties across the Mid-Atlantic — active, closed, under contract.
To the Portfolio
Door 03Get in touch.
For investors, sellers, and brokers. Direct lines to both founders.
To Contact