About R+M Development Partners

We live in the communities we work in. We are local experts with over 20 years of experience investing, developing, and operating real estate assets in Philly.

Philadelphia Focused

Headquartered in Philadelphia, R+M Development Partners is a privately held full-service development company specializing in urban infill projects across Philadelphia. Our exclusive focus on the region helps us understand the nuances of market trends and timing, allowing us to be highly responsive and opportunistic while contributing to the vibrancy of the communities that populate our region.

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Our Impact

We love what we do and care about the environments we create. We are helping define next-generation real estate development by building environments that empower locals and the communities they exist in. We create a sense of place that residents and subsequent generations of residents will love.

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Our Team

The R+M team is made up of a highly talented group of individuals with a shared vision for the growth and continued prosperity of the Philadelphia Area. We treat our communities, our partners, and each other with a deep sense of respect and we strive to be exceptional stewards of capital and the built environment.

Mike Tester

Partner
Michael Tester is a Managing Partner of R&M Development Partners. For R&M, Mike handles the design, entitlements, and construction management operations for the company. Mike has over fifteen years of experience in the building industry including architectural design, construction cost estimating, procurement, and project management. During this time, he has overseen the construction of over 1,500 apartment units, 500,000 SF of office space, and large-scale demolition and site work developments in Philadelphia, New York City, and Boston.
   
In addition to R&M Development, Mike is the President / CEO for Tester Construction Group (TCG). TCG provides comprehensive General Contracting and Construction Management Services throughout the greater Philadelphia area. TCG is one of the largest multi-family/mixed-used General Contractors in Philadelphia and the surrounding suburban markets. With his expansive knowledge of construction practices such as estimating, value engineering, procurement, and scheduling, Mike brings a unique skill set to the development team at R&M. He works diligently with project architects and engineers to complete a building design that is exceptional compared to other projects in the market but can still be built within the often tight constraints of development budgets and timelines. Ultimately, Mike is responsible for executing the unique and deliberate vision of R&M.
   
Mike holds a Bachelor of Science from Penn State University and a Master’s Degree from New York University in Real Estate Development and Construction Management. He is also a LEED Accredited Professional and OSHA 30 Certified. With Mike’s free time, he enjoys spending time with his wife and two young children, coaching sports, golfing, and going to rock concerts.

Rickey Biddle

Partner
Rickey is an experienced business professional and real estate developer in the Philadelphia area. He brings a unique perspective of understanding investor needs and how to optimize portfolio performance. Rickey is an active member in TAPA (Temple Area Property Association) organization.  ​

At R+M Development, Rickey’s focus is largely around acquisition, financing and development strategy of each project. Taking a large part in the design process Rickey’s responsibilities largely include navigating the design and entitlement process.​When Rickey isn’t working, you can find him relaxing on the beach with his family, golfing or spending time with his dog Chase whenever he can.

Spencer Ratfield

Director of Real Estate Development

Spencer joins R+M Development as the Director of Finance. Spencer's passion for Real Estate began in high school working in property management and has continued through college working for Cross River Realty and MK Management in various roles. When not at work you can find Spencer watching soccer with his friends or experimenting with the hottest food trends in the kitchen. Spencer hopes to help R+M Development maintain its status as the premier development company in the Philadelphia area.

Jackie Cohen

ASSET MANAGER

Jackie joins R+M Development as the Asset Manager. Jackie is a PA Licensed Real Estate Agent and an Alumni of Temple University. She comes from a background in Property Management with a strong focus on leasing. Prior to joining the team, she worked at MK Management Group as the Leasing Manager and oversaw the leasing staff and the owners’ investments. When she is not at work, you can find Jackie spending time with friends, eating out at restaurants and constantly keeping up with the market by going on apartment tours and open houses.

Barry Shikhvarg

VP of ACQUISITIONS AND DEVELOPMENT

Barry Shikhvarg is responsible for sourcing, underwriting and financing new projects for R+M Development Partners. He has 15 years experience in acquisitions, real estate development, raising capital and asset management totaling $860M in multifamily and mixed use transactions. Barry joins the R+M Team after four years with a national, institutional real estate development company having established a $1.2B project pipeline in Southeast United States, PA, NJ, and IN. He has developed over 1,000 luxury apartments locally valued at $250M and lead acquisitions of over 1,500 units totaling $200M. Born and raised in Philadelphia and even marrying a Toll Brothers property manager, he is passionate about real estate and excited to enhance local communities through building quality, thoughtful, and responsible residential housing.

Barry holds a Bachelor’s Degree in Finance and Construction Management from Drexel University. In his leisure, he enjoys aquascaping and keeps several aquariums. He now lives in Bucks County, PA with his wife, Joanna and son, Evan Paul.

Matthew Driscoll

VP OF ACCOUNTING

As the VP of Accounting, Matthew is responsible for overseeing all property level accounting, financial and tax reporting. Matthew has over 15 years of experience as a Controller and Finance Manager.

Prior to joining RM Development Partners, Matthew worked the last 12 years in commercial and multifamily real estate. Matthew received his MBA in Economics and Finance from Alvernia University. In his free time, Matthew enjoys spending time with his family and friends.

Emily Squillace

MARKETING INTERN

Emily joins R+M Development as a Marketing Intern. Emily is a Senior Undergraduate Marketing student at Temple University. Before joining the team, she worked as both an accounting assistant and leasing coordinator at MK Management Group. When Emily is not at work, you can find her trying new restaurants and spending time with her Great Danes. Emily hopes to help R+M Development Partners continue to grow their brand as a premier development company in Philadelphia.

Spencer Ratfield

Director of Finance

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R+M Highlights

20+ Years Experience, 100+ Projects, 1 Amazing Team

1000

Inquiries

800

Total projects

200

total deals