Nearly 34 years ago, Scott R. Jacobson began a career that now distinguishes his accomplishments as a recognized leader in the real estate industry. As a graduate of Michigan State University, he first worked at his family's apartment management company, which managed about 3,000 dwelling units, before founding S.R. Jacobson Development Corporation in 1978. Utilizing his degree in construction management, he began building the business of S.R. Jacobson Development Corp. one custom home at a time. As the market evolved, the company responded by shifting its focus to offer both single family and condominium homes with pre-priced, pre-planned customization. In 2004, Mr. Jacobson decided to concentrate on land development and sold his building operation to a local builder in conjunction with an institutional investor. At that time, after 26 years under the guidance of its founder, S.R. Jacobson Development Corporation employed more than 75 people and recorded annual sales nearing $91 million. Since the Company's inception, it had developed over 60 communities and 3,700 homes. Combined revenues from these projects exceed $840 million, not including Mr. Jacobson's interests in retail, manufactured homes and apartment assets. Mr. Jacobson's success is further exemplified by the impressive financial returns that his projects have generated. During the time frame of 1994 – 2007, Mr. Jacobson's projects produced outstanding IRR's substantially over industry averages.
S.R. Jacobson Development Corp. and closely held affiliates (the Company) is one of Michigan's premier residential land acquisition and development companies. During the Company's 34 year history, it has been involved in developing and constructing numerous residential communities, and developing land for some of the country's most prominent builders. Mr. Jacobson continues to lead and oversee the Company's day-to-day operations. The Company has thrived since inception and prides itself on quality and efficiency. Mr. Jacobson has surrounded himself with an acclaimed management team that possesses all the necessary components to continue to thrive in this industry.
In 2011 Scott R. Jacobson successfully partnered with a New York Hedge Fund referred to as Project Blue. Its purpose is to acquire improved or partially improved residential developments in Southeast Michigan, Illinois and other markets in which viable returns can be achieved. Land development will be completed where necessary, and residential lots will be sold to homebuilders via option agreements or cash sales. As of January 2013, twenty one developments (approximately 1,700 lots) have been acquired. Additionally, six projects (approximately 600 lots) are subject to purchase agreements with closings expected to occur in the first half of 2013, and another four projects are subject to letters of intent which may lead to new acquisitions. Each project and its surrounding market are carefully examined to insure that the purchases will lead to successful developments.
Mr. Jacobson has served as a chairman and director of a local bank. He served on the Alumni Board of Directors for Michigan State University – Building Construction Management Program, and was a Director of Temple Beth El until 2004. He is a Lifetime Member Director of the Building Industry Association of Southeast Michigan, and served as President in 1997, when he was also appointed by Governor John Engler to the Michigan State Residential Builders Board. Mr. Jacobson is the recipient of numerous awards including: Michigan Builder of the Year, Michigan Young Builder of the Year in 1986.