Since 1991 Provident Realty Advisors and our investor partners have developed over $5 Billion of real estate projects. We are disciplined and focused on executing deals that offer the best strategy for PRA and our investor partners.
The creativity and vision of our founder, Leon Backes, is the foundation of the firm and will continue to guide our strategy in selecting projects. We are known for a willingness to look where others may not. PRA is an agile and adaptive firm prepared to capitalize on shifting demands and trends in the market.
Meaningful Deal Flow for Our Investors.
Our reputation for integrity and execution provides PRA access to multiple opportunities to choose from each year.
Throughout our history, we have developed projects and produced returns that out-perform the industry average and have built collaborative relationships with our financial partners. By establishing longstanding, meaningful relationships, we are a reflection of the individuals and institutions that choose to invest with us.
Our Mission is to intelligently pursue real estate opportunities that provide exceptional potential for investor return while adding to the overall quality of life for those who live and work in them.
- Transparency - Good or bad news, we will always tell our investor partners the truth.
- Collaboration - We are only going to achieve our goals if everyone works together towards the success of the project.
- Quality - We hold ourselves to the highest standards of workmanship.
- Respect - We treat every person inside and outside of our organization with the utmost respect
- Reward Effort - Create a culture where people can thrive professionally in direct proportion to their willingness to work hard and take initiative.
PRA has developed for a keen eye for highly productive opportunities across multiple real estate product types
We partner with persons who source opportunities to help them acquire and develop property they otherwise would not have the expertise or balance sheet to perform on.
Debt Structure Negotiation
An experienced team of financial professionals with the ability to agree to favorable terms for our investor partners
A 92% closing rate for our sponsored projects is among the best in the industry
A strong team to execute the investment strategy and create long term value for our projects
Leon J. Backes
Founder & CEOlbackes@providentrealty.net
Leon founded Provident in 1991, following twelve years at predecessor firms. Leon launched Provident with a distressed asset strategy, by purchasing large land parcels from the Resolution Trust Corporation (the “RTC”). Provident was able to acquire a portfolio of over eighty (80) large land parcels, in addition to several distressed subdivisions, which enabled Provident to establish itself as a successful development and real estate investment firm.
Jay joined us in 2001 from Blackstone, initially expanding our master–planned residential division. Becoming a principal of the firm. Jay has been involved in numerous subdivisions, multifamily, office, retail and hospitality investments. Jay actively manages our investment activity and the day to day operations of the firm.
Chief Financial Officerbwille@providentrealty.net
Joining Provident in 2015 as CFO, Brent is focused on the financial matters of our business, including the management of lender relationships, in addition to overseeing our accounting, asset management, corporate services, financial reporting, tax and investor relations.
Managing Director of Investmentssfink@providentrealty.net
The newest member of the executive team, Stuart joined Provident in January of 2019. Most recently Stuart served as Director for a Municipal Finance Investment Firm. Prior to that, Stuart has decades of experience at GE Capital and Invesco Real Estate. He focuses on Provident projects that may include incentives, special districts, opportunity zones and complex capital structures.
Executive Director, Retail & Industrial Acquisitionsjjohnston@providentrealty.net
Executive Director, Acquisitionskplatt@providentrealty.net
Executive Director, Acquisitionsmmiller@providentrealty.net
Case Van Lare
Managing Director of Multifamilymharris@providentrealty.net
Executive Director, Multifamily & Single Family for Rentdholland@providentrealty.net
Director, MultiFamily Developmentjhickman@providentrealty.net
Director, MultiFamily Developmentbkoutsogeorgas@providentrealty.net
Director, Single Family for Rent Developmentthill@providentrealty.net
Executive Director, Industrial Developmentjbunten@providentrealty.net
Director, Master Planned Communities & Self Storagerbyrd@providentrealty.net
Director, Master Planned Communitiesryowell@providentrealty.net
Director, Land & Retail Developmentsmorway@providentrealty.net
Director, Retail & Mixed Use Developmentcanderson@providentrealty.net
Associate, Construction & Renovationsbmorton@providentrealty.net
Independent Land Development Brokerpck@providentrealty.net
Managing Director of Accountingsstewart@providentrealty.net
Project Accountant & Banking Coordinatorimorrison@providentrealty.net
Financial Accounting Analysttcox@providentrealty.net
Staff Accountant & Accounts Payablekdenman@providentrealty.net
Texas Resources Team
Office & Administration Team
Human Resources Managercmorehead@providentrealty.net
Executive Assistant to Leon Backes & Office Managerlbufkin@providentrealty.net