United Group Development is a Chicago based real estate investment company that seeks to acquire, manage, develop and finance value-add urban infill real estate through syndication of equity and joint venture partnerships






Asset Management



United Group Development is a Chicago based commercial development and investment company that was founded in 2009 by Michael Dobrov.


United Group Development  ("UGD") represents a broad range of clients, from institutional investment firms to developers, high net worth individuals, family trusts and partnerships in connection with the purchase & sale and leasing of high quality investment properties nationwide. UGD is one of the foremost leading advisory firms within the single tenant and multi-tenant triple net leased retail property category having completed in excess of $1 billion in volume since 2014.

UGD offers a highly differentiated advisory platform given its ability to collaborate within a vertically integrated environment with UGD Markets and UGD Asset Management to ensure a seamless transaction for all parties involved. The result is highly customized, creative, streamlined execution.

Additionally, while many other firms have relaxed policies regarding conflicts of interest, UGD has adopted a host of measures to ensure that client protection and advocacy is paramount throughout every step of the process. The reputation and credibility that follows each member of the UGD Investments team is truly unmatched and will always remain the firm’s most highly valued asset.


Michael Dobrov


Michael Dobrov serves as the Chief Executive Officer of UGD (United Group Development) and is actively engaged in shaping the financial and operational strategy of the Company. He provides direct oversight of acquisitions, cash management, and risk management activities and collaborates extensively in the structuring of UGD most significant financing and investment transactions. Michael played a key in reshaping Chicago’s real estate market.

He was heavily involved in the structuring and negotiation of many of the cities large commercial real estate transactions over the past ten years had began his career in real estate. Michael began working with his family in the residential market with development and sale of multi-million dollar homes all throughout the city and suburbs.

Since then, Michael has redirected his focus from residential over to commercial real estate and with now owns and manages over 2500 apartments all throughout the Midwest, as well as warehouses, parking garages and other commercial properties.

He has become one of Chicago’s most influential real estate developers and is now focusing on commercial development, financial operations, strategic planning, asset management and bringing leadership and motivation to the team at UGD. 

He is also involved in several charitable and professional organizations such as, Chicagoland Habitat for Humanity (CHH), MercyHome, TRP, and Special Olympics of Illinois. Michael along with his family have put together numerous fundraisers for organizations such as, The greater Chicago Food Depository, Paws of Chicago and well as for Ann & Robert H. Lurie Children’s Paws Chicago




Chicago, Illinois

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