WHY PROVIDENT
Established in 1991, Provident Realty Advisors is a talented team of experienced real estate and financial service professionals who have successfully spearheaded our company and our partners’ investments through all types of real estate cycles. Provident has become well known for their creativity and ability to execute on highly productive real estate projects.
Development Product Types
Communities
We have designed, entitled, and developed thousands of acres of single-family master planned communities. We have depth of experience with special Districts that finance infrastructures, such as Municipal Utility Districts, Fresh Water Supply Districts, Legislative Districts and Public Improvement Districts. Provident has created communities by developing lots in the Dallas / Fort Worth Metroplex, Nashville, and Denver.
Hospitality
Over the past five years, Provident has grown their hospitality platform to over 36 extended-stay hotels across the southern US through various acquisitions. Provident recently entered into the development and construction of extended-stay hotels. Today, the new development portfolio currently consists of over $100M in completed, under construction or in development hotels and continues to grow.
Industrial
With the recent increase in momentum E-commerce has gathered, and the growing demand for manufacturing and distribution facilities nationwide, Provident has been hyper-focused on expanding its industrial platform. We anticipate developing two million square feet or more per year for the next five years and believe this sector has a long runway for opportunity and growth.
Multi-Family
Our objective is to search for value add and opportunistic purchases and investments that provide the opportunity for above market return. Historically, our primary focus has been on low, mixed and market rate units in Texas and Louisiana, and we are currently exploring opportunities to expand our geographic footprint within the future. Provident is well versed in utilizing Government Incentives, such as LIHTC and HUD 221d4 and 142d loan programs to create workforce and affordable housing communities.
Built for Rent
Provident is rapidly expanding their footprint in the Built-for-Rent space, an asset class new to all markets which combines both multi-family and single family product types. Over the last two years, parcHAUS, our premier BFR brand, has continued to refine its product with cities across Texas embracing this unique offering that differentiates us from our competitors. We entered 2022 with 1,200+ fully entitled units and our growing pipeline consists of ~3,000 additional units. Provident is well positioned to capitalize on the growing demand in this space across the country with a proven program that can quickly be deployed in any given market.
Mixed-Use
As a company with a successful track record in multi-family, retail, office, and master planned residential communities, we are uniquely positioned to execute on large mixed-use and town center projects that touches on all of these. We launched our first mixed-use development in 1999, and currently have five projects in various phases of completion which include office, retail, multi-family, master planned communities, and entertainment elements.
Retail
Provident has developed dozens of retail, office and industrial projects with anchors such as Walmart, Target, Lowes, and Albertsons Grocery along with numerous pad site users. We have significant experience in the use of Tax Increment Reinvestment Zones, Tax Increment Financing, Public Improvement Districts, 380 Agreements, and other forms of incentives.
Self-Storage
Our experience in self-storage spans over twenty years. We have developed dozens of climate controlled self-storage facilities in Dallas, Houston, San Antonio, Austin, New Orleans, and Nashville. Primarily, we look for infill locations that are insulated from becoming over supplied. We believe this to be a very fertile area for investment in the next ten years.
Land Development
With in-house expertise in the areas of planning, zoning, utilities, special districts and entitlement related matters, we have amassed a strong track record of buying and selling hundreds of land parcels for all of our featured product types.