Conventional Market Rate
Projects located in long-term locations offering an array of neighboring and site specific amenities which provide competitive advantage in the local market.

Affordable Housing
Utilizing Low Income Housing Tax Credits, Stellar develops high quality housing in markets with affordable housing demand.

Senior Housing
Stellar designs and develops niche specific, customized, innovative housing solutions for the growing senior demographic in today's marketplace.



Stellar takes a long-term view of markets it develops in - preferring markets with strong economic fundamentals indicating future growth and a history of low volatility. We seek multifamily markets with favorable supply/demand conditionals, high renter propensities, decreasing home affordability and sustainable demand characteristics for targeted renter groups.


Stellar develops new product ground up in greenfield sites as well as infill locations. Each project is designed to meet the needs of specific targeted resident demographics.

Stellar works with existing buildings and structures when factors such as historical or community importance dictates and when innovative solutions can create unique products with competitive advantage and above-market economic performance.


Contact the Stellar Development Company

Paul D. Stell
Managing Director

6502 Slide Rd. Suite 404
Lubbock, TX 79424

806-771-2030 Ext 205