Dev Motwani serves as Managing Partner of Merrimac Ventures, a Fort Lauderdale based real estate firm that focuses on value-add investment and luxury mixed-use development opportunities. Property types owned and operated include hotels, condos, retail, and rental apartments throughout the United States with a primary focus on Florida. He currently is involved with over $3 billion in development projects. Recent projects include the Four Seasons Hotel and Private Residences Fort Lauderdale, Four Seasons Telluride/Mountain Village, Waldorf Astoria Residences Pompano Beach, Watson Island Redevelopment, 317 Flagler Luxury Apartments, among others.
Dev is also Founder and Managing Partner of Chieftain Residential, a yield-oriented distressed residential fund purchasing single-family homes and residential land, primarily in the Southeast US and Texas.
Prior to his current role Dev worked at Credit Suisse in New York City, where he first structured OTC Equity Derivative trades for the firm’s largest corporate clients and then for the firm’s largest hedge fund clients.
Dev plays an active role in the South Florida Community, currently serving on the board of the Broward Center for the Performing Arts Foundation, Orange Bowl Host Committee and the Community Foundation of Broward. He also serves on the Florida Housing Finance Corporation Board, The Florida Council of 100 and Broward Workshop He was recently named to Florida Trend’s 500 List and Commercial Observer’s Power 100 list. Dev graduated from Duke University with a Bachelors of Science degree in Economics and Public Policy and from Columbia University’s Masters of Science in Real Estate Development Program.