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Marathon Development, Inc.

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Ted Johnson | Founder and President

As Founder and President of Marathon Development, Inc., Mr. Johnson leads a team of experienced professionals and collaborates with highly qualified organizations in the acquisition and development of intricate projects.  He has 38 years of extensive real estate experience for both public and private companies that total over three quarters of a billion dollars in acquisition, financing, and development. 

Mr. Johnson’s experience in project management encompasses a full range of management responsibilities across the spectrum of real estate development.  He provides his clients with market research and identification, site selection, feasibility/due diligence studies, entitlement and permit approvals, development, consulting, financial and brokerage services.

As a real estate broker specializing in retail with Sherwood Group in Seattle, Mr. Johnson was involved in the development and leasing of multiple retail sites throughout the Northwest.  As an executive at Holly Residential Properties, he was instrumental in establishing the company as the first apartment Real Estate Investment Trust (REIT) in the Pacific Northwest.  He also facilitated Holly’s growth into the largest owner of apartment properties in the State of Washington, with more than 5,000 units at the time.  Mr. Johnson has acquired, financed and created joint ventures for market rate rentals, low income housing and senior housing communities totaling more 4,700 units valued at over $750 million. 

Additionally, he has prepared numerous strategic and project development plans incorporating the goals of the clients he serves.  He has traveled throughout the United States for national companies such as Emeritus Assisted Living, Columbia House, and Life Care Services, to name a few, giving him an in-depth knowledge of the broad range of needs for housing facilities in a variety of markets. 

Mr. Johnson, Marathon Development, Inc. recently concluded a multi-year engagement as the development Consultant for the redevelopment of Westpark; an existing 582 unit World War II public housing project.  When complete, the $100 million redevelopment will boast 875 new housing units of which 362 units will be public and affordable. 

Mr. Johnson is extremely knowledgeable on the site requirements and local governmental issues surrounding site acquisition and development as well as creative financing / transactional structuring of modern real estate development.





Specializing in Senior Housing for Profit and Non-Profit Organizations
Providing Real Estate Development & Consulting Services Nationwide

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