Bringing Our Passion for Community to Your Community

SURGE INVESTMENT GROUP

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Strategically allocating
capital to minimize risks
and maximize returns.

As a dedicated investment management and real estate development firm, we specialize in shaping vibrant living spaces that redefine the way we live. Our commitment to excellence, integrity, and visionary design drives us to create extraordinary multifamily developments that spark connections, elevate lifestyles, and leave an enduring legacy.
Image showing how our work as an investment firm transforms communities.

The Surge Advantage

We understand that our projects go beyond bricks and mortar; they become the foundation for nurturing communities and enhancing lives. Our unwavering dedication to excellence, innovation, and ethical standards drives everything we do.

Image depicting how our entitlement experience as a real estate development firm allowed us to build over 4,000 units.

Entitlement Experience

  • 4.031 units approved
  • 30+ cites

Construction Experience

  • 928 units developed
  • $117MM construction debt
  • 15+ general contractors
  • 35+ years of team experience

Capital and Investments

  • $34MM raised
  • $29MM deployed

Our Portfolio

We don’t just build properties; we forge relationships to ensure the success of every project. In every successful project, we strive to provide the best possible outcomes for our investors and move the real estate industry one step forward.

Norman Lofts

  • Huntersville / NC
  • Units: 45
  • Completed in April 2025

Amenities:

Covered parking

Storage area

Garages

Close to major thoroughfare

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The Zoe: Luxury Apartment Homes

  • Waco / TX
  • Units: 214
  • Completed in October 2024

Amenities:

Covered parking

Pickleball court

Garages

Pool

Clubhouse

BBQ Area

Fitness Center

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The Morrelli

  • Ogden / UT
  • Units: 44
  • Completed in February 2025

Amenities:

Covered parking

Downtown location proximity

Close to major thoroughfare

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The Alston

  • Greenville / SC
  • Units: 96
  • Completed in March 2024

Amenities:

Covered parking

Open/Green Space

Close to major thoroughfare

10 minutes from Furman University and Downtown Greenville

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Southport Apartment Homes

  • Spartanburg / SC
  • Units: 244
  • Commencing in 2026

Amenities:

Covered parking

Storage area

Pickleball court

Garages

BBQ Area

Pool

Clubhouse

Gym

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Anderson Heights, our prestigious project in the heart of Waco, Texas.

Anderson Heights

  • Waco / TX
  • Units: 388

Amenities:

Gym

Garages

Pool

Community garden

Pickleball court

Covered parking

Clubhouse

BBQ area

Storage area

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Image of Cora Flats, our hidden gem nestled on the thriving East side of Waco, Texas.

Cora Flats

  • Waco / TX
  • Units: 77

Amenities:

Covered Parking

Patio area

Close to major thoroughfare

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Our project, Emmitt's Crossing, sits proudly in a rapidly expanding neighborhood on the vibrant southwest end of Fayetteville, North Carolina.

Emmitt’s Crossing

  • Fayetteville / NC
  • Units: 90

Amenities:

Pickleball court

Dog park

Covered parking

Patio area

Close to major thoroughfare

Close to highway and retail centers

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OUR PORTFOLIO

OUR PRODUCT

We love building projects that have a positive impact on their communities. We focus our efforts on development and new construction for multi-family assets. We love to keep projects that we build, but we also frequently build with the intent to sell after construction is completed.
  • Class-B Multifamily Apartments
  • Garden-style Product
  • Workforce Housing
  • Market-rate, Long-term Rentals
  • Ground-up Development
  • Primary/Secondary Markets

Leadership

Paul Poteet picture.

Paul Poteet (Principal & CEO)

Paul is the CEO and Founder of Surge Development and Surge Capital. He earned a degree in Business Management and Entrepreneurship from BYU-Idaho. With 6 years in development, Paul led entitlements for 4,031 units across 44 projects and 7 states, valued over $60MM. He managed financing and construction of 12 multifamily projects (774 units, $180MM value). Previously co-founded a successful multifamily firm before starting Surge Development. Under his leadership, Surge grew with 5 new employees, 6 development sites acquired, $30MM equity raised, and $47MM construction debt closed in 2022.
Dennis Richmond picture.

Dennis Richmond (Partner)

With decades in Texas construction, Dennis owned firms since 1987. In 2018, he partnered with a multifamily developer, contributing to 6 projects (580 units, $140MM value) in DFW. Now a valued Surge partner, Dennis focuses on Texas development and advises the company nationwide. He has a civil service record, including roles as Murphy Texas City Council Member, Parks Board President, and Community Development Corporation Directo
Michael Black picture.

Michael Black (Advisor)

With over 37 years in North Texas real estate, Michael's journey began after BYU when he joined KPMG Dallas. His focus there was the financial and tax aspects of apartment syndications, including contributing to the Fountain Place office tower in Downtown Dallas. Transitioning in 2005, he developed 6 commercial properties totaling 68,000 sq. ft. As a licensed CPA in Texas, his practice centers on taxes and real estate. Now, as an advisor and partner at Surge Development, he brings his expertise to our team.
Wayne Lounsbury picture.

Wayne Lounsbury (Director of Construction)

Eivan Ram picture.

Eivan Ram (Financial Analyst)

Ethan Larkin picture.

Ethan Larkin (Partner & VP of Business Development & Investor Relations)

Ethan holds a Masters in Business Administration from Southern Utah University. He shifted from sales and marketing (Phenom, Savvos Health) to real estate post-MBA. Handling acquisitions and entitlements for Texas development sites, he also nurtures current investor relationships within the Investor Relations team.
Jake Lambson picture.

Jake Lambson (Partner & VP of Acquisitions)

Jake, a Utah Valley University graduate in Business Management, serves as a Land Entitlement Specialist. With prior project management experience in development, he conducts due diligence on multi-family opportunities. Jake aids in site discovery, early project diligence, city entitlement processes, and development underwriting at Surge.

Learn more about Surge’s Investor Portal

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Legal

Accredited Investors Only. This website and its information are not an offer to sell or a solicitation of an offer to sell a security in any jurisdiction. Any securities to be offered will not be registered under the Securities Act and will only be offered under the terms of a written private placement memorandum to be provided. Any such securities will have restrictions on transfer.

These materials and website may contain forward-looking statements, including statements about Surge Investment Group’s beliefs and expectations and/or the Surge Investment Group’s products and services. These statements are based on current plans, estimates, and projections that are subject to significant economic, business, and other uncertainties beyond Surge Investment Group’s control, and therefore Recipients or Viewers should not place undue reliance on them and Surge Investment Group makes no representations as to their attainability.

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