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V O L . X X X I N O. I I I F E B R UA R Y 1 0 , 2 0 2 5 20 C O M M E R C I A L D E V E L O P M E N T F O C U S he founded a commercial construction company tailored to the needs of dental and medical practices. In 2015, he founded Beylin Development to be a vertically inte- grated developer and commercial contractor, with development, con- struction and property management managed in-house. e first Maine project was at 4 Stockyard Drive in Windham — a recently completed 33-unit apartment complex with two-bedroom units start- ing at $2,245, lower than comparable apartments in nearby towns leasing for $2,495 to $2,915, Beylin says. e development focus is on long- term holds in high-growth, low-vacancy areas where housing units are consis- tently in demand. Long-term holding ensures investment stability and lever- ages tax benefits, says Beylin. Beylin remains connected to the dental community, offering educa- tion and guidance on real estate investment. Investors and partners in develop- ment projects mainly come from the dental and medical communities. At the Saco project, they include Prezioso and Patel, both with dentistry and real estate backgrounds. Prezioso identified Saco's opportunity zone as a draw for housing development after attending a Beylin Development event tailored to introduce dentists and doctors to possible ground- up real estate development. Beylin's sessions provide informa- tion such as how to invest passively in vetted projects with steady returns and tax advantages, with a focus on addressing critical housing shortages while delivering stable returns while they also continue to pursue their pri- mary careers. Opportunity zones are a federal economic development tool that pro- vide incentives to invest in distressed areas through tax benefits provided when they roll capital gains into quali- fied projects. ey essentially encour- age the long-term hold model in that it provides tax deferments and reductions based on certain time frames. From the investment standpoint, says Beylin, long-term holds work well for medical and dental profes- sionals looking for ways to have pas- sive income but in ways they can feel good about their investment. Says Pouliot, "e gist is to incentivize long-term investment in communities. It's not the type of thing where people get in and get out quickly. Beylin Development is not looking for quick investments. ey'll be here for the long term." Laurie Schreiber, Mainebiz senior writer, can be reached at lschreiber @ mainebiz.biz Forward Thinking • Innovative • Consistency You Can Count On D'arcy Main-Boyington Economic Development Director ecdev@brewermaine.gov 207-989-7500 W W W. B R E W E R M A I N E . G O V/ B I Z " The City of Brewer has welcomed my small family business with open arms by providing us with resources to facilitate growth within the community." Daniel Finnemore President, Box of Maine Consigli Construction Co., Inc. Construction Managers & General Contractors | consigli.com Building Maine's Competitive Edge Maine Molecular Quality Controls Inc., Laboratory Facility, Expansion & Fit-out LEARN MORE » C O N T I N U E D F RO M P R E V I O U S PA G E P H O T O S / C O U R T E S Y B E Y L I N D E V E L O P M E N T Beylin Development's first project in Maine, a 31- unit apartment complex in Windham, has features similar to those planned for Saco, including granite countertops and energy-efficient stainless steel appliances. Peter Anania Simon Beylin The approved site plan for 4.2 acres in a Saco opportunity zone shows 17 duplexes with 34 rental units. P H O T O / C O U R T E S Y O F B E Y L I N D E V E L O P M E N T D R AW I N G / C O U R T E S Y B E Y L I N D E V E L O P M E N T

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