About Us


Boutique Developers with Large-Scale Expertise

M Square Development is a boutique real estate developer with deep expertise in land acquisition, finance, construction management, architecture, design, marketing, operations, and management.

Our team has seen and adapted to almost every challenge in real estate development. Our team has worked to develop more than $7 billion in developments of residential, hospitality, master planned, office, and residential projects. Our collaborative team allows us to be agile and reactive – employing creative solutions to overcome obstacles. The experience we’ve acquired has helped refine our process to plan and build developments that not only make sense economically but help improve markets and meet demand.

Market Strategy

Developing feasible, leading-edge communities across the country

  • Grow national presence targeting prime submarkets with high-barriers to entry
  • Identify short-term opportunities at market level and submarket level

Development & Construction

Collaboration and peer reviews

  • Zoning entitlement relationships and expertise
  • Due diligence management
  • Collaborative relationships with architects and designers
  • Consultant selection including peer reviews of all key vendors
  • Construction management to completion
  • Contractor and subcontractor contract negotiation and close-out
  • Data oriented design development as renter preferences change and evolve

Asset Management

An art and a science

  • Commercial and residential property management oversight
  • Trusted network of property management companies
  • Lease-up and revenue management strategy
  • Commercial tenant procurement and lease negotiation with strong local retail brokers
  • Maintain competitive advantage with quarterly property evaluations & “mark to market” valuations like our own institutional partners do
  • Leading-edge with prop tech investment
  • Asset disposition via extensive buyer and broker network

Final Management

Maintaining prosperity

  • Proprietary financial models
  • Cash flow projections and sensitivity analysis
  • Full service financial statements and timely reporting

Deal Structuring

We “live” with attorneys and capital providers

  • Complex purchase and sale agreements including joint developments and phased developments
  • Vertical subdivisions
  • Construction, mezzanine and senior loans
  • EB-5 financing
  • Joint venture partnership agreements

Meet The Team

Todd Megrath


Todd has more than 15 years in real estate development and finance experience and has developed more than $7B in commercial real estate assets. Todd has run development projects for both Fortune 500 companies as well as local and regional developers. Todd’s experience in development has included commercial, office, healthcare, hospitality, entertainment, and residential projects. Todd Founded M Square Development in 2019 with the focus of building under built product types in Western State markets. Todd has a Bachelors’ from the University of Utah, a Masters’ from Harvard University, and has studied Real Estate Development and Analysis at Cornell University.

Randall Macy

Vice President

Randall has more than ten years of management experience and recently decided to change industries. Randall joined M Square Development in 2021 to both help our team in growing our investor network, as well as taking over the daily operations of the asset management functions. Randall’s experience in accounting, logistics, and day-to-day operations will continue to be an asset for M Square. Randall has a Bachelors’ degree in Information Technology from Humboldt State.