Culture That Fosters Growth Through Integrity
Our Mission
At ACRE Development Partners, we strive for continuous evolution by encouraging integrity in our business practices, welcoming feedback throughout our processes and providing pathways for our employees to gain invaluable experience, personally and professionally. Our mission is to continue to be a company that fosters growth among our team members, our community residents and our partners who invest in our vision.
Chip Ashby, CEO
Before founding ACRE Development Partners in 2020, Chip developed extensive experience observing market opportunities and trends on Wall Street with Spear Leeds & Kellogg, Merrill Lynch and Cantor Fitzgerald firm as a key player in rebuilding the firm after 9/11. Throughout his career, he has advised respected investors on market risk and unique investment opportunities.
Chip’s previous experience of observing market trends and his vision toward targeted real estate developments in prime locations serve as key drivers to the strategy and success of ACRE Development Partners.
“As we grow, we strive to maintain our reputation of setting standards of success in our projects’ respective markets in order to serve as an asset to their communities.”
Art Kennedy, Partner
art.kennedy@acredevelop.com
Art Kennedy brings 34 years of design, construction, and development experience to ACRE Development Partners and holds a B.A. in Architecture from the University of Oklahoma.
Prior to joining the team, Art has represented global private equity groups as a development oversight officer on numerous projects across Texas, California, Arizona, New Mexico and Oklahoma. His previous projects include over 41,000 Class-A market-rate multifamily units, senior family housing, hotel, hospitality and resort, four million square feet of industrial warehouse and distribution centers, and commercial Class-A office build-to-suit.
Art also oversaw a class-A commercial office portfolio of 11 million square feet and managed a staff of 14 to facilitate all building modifications, tenant improvements and land entitlements in Northern and Southern California for the Portfolio.
“We are committed to designing and developing timeless and elevated properties with thoughtful consideration to future residents and the surrounding community.”
Khoi Luu, Managing Director
khoi.luu@acredevelop.com
Khoi Luu is a highly accomplished real estate development and investment professional with over 20 years of experience in the commercial real estate sector. His expertise spans the full spectrum of multifamily real estate development, from strategic planning and market research to entitlements, project management, and financial analysis. Khoi’s leadership has been instrumental in overseeing large-scale multifamily projects, with a portfolio exceeding 8,000 residential units and over $1.4 billion in total project costs.
Throughout his career, Khoi has held key roles such as Managing Director of Development and Vice President of Development at Kaplan Multifamily. In these roles, he led the development of multifamily projects through their entire life cycle, ensuring they met both financial and strategic goals. He is recognized for his ability to foster high-performance teams, streamline project execution, and build strong relationships with stakeholders, including architects, engineers, consultants, and investors.
Khoi’s analytical decision-making, coupled with his entrepreneurial mindset, has enabled him to successfully navigate complex real estate transactions and consistently deliver results in high-growth environments. With a Bachelor of Business Administration (B.B.A.) in Finance from the University of Houston, Khoi continues to be a driving force in commercial real estate development, offering a blend of deep industry knowledge and innovative leadership.
“We take pride in developing landmark real estate projects that deliver lasting value to local communities and to our investors.”
Adam Beauchamp, Director of Construction
adam.beauchamp@acreconstruct.com
Adam Beauchamp has been immersed in the building industry since childhood. Raised in North Dakota and Oklahoma, he gained hands-on experience working at a lumber company while attending high school and college. With degrees from Northeastern State University and Texas A&M-Commerce, Adam has overseen major construction projects, including two $99 million developments. His expertise in communication, logistics, and leadership ensures projects are completed efficiently and with a deep understanding of the construction process. Adam’s ability to connect with owners, investors, and teams fosters collaboration and streamlined builds that meet the highest standards of quality and execution.
“Quality construction is not just about materials, but about creating a lasting foundation of trust and craftsmanship.”
Cole Crissup, Junior Financial Analyst
cole.crissup@acredevelop.com
Before joining ACRE Development Partners, Cole graduated from Oklahoma State University with a degree in Finance and earned a certificate in Sales. During his time at OSU, he completed an internship at Marcus & Millichap Capital Corporation’s Uptown Dallas office as a financial analyst intern in Capital Markets. In this role, he contributed to underwriting multifamily, retail, self-storage, industrial, and hotel properties, conducted market research for loan request packages, and prepared developer biographies for capital providers to review.