What The Widewaters Group does

The Widewaters Group, Inc. is a privately held, vertically integrated commercial real estate company founded in 1971 by Joseph T. Scuderi (incorporated under its current name in 1984) and headquartered in East Syracuse, New York. The company develops, acquires, constructs, and manages retail, hospitality, multifamily, office/industrial, and vacant land assets across 21 U.S. states and 3 Canadian provinces, with regional offices in Charlotte, North Carolina and Salt Lake City, Utah supporting the Southeast and Western regions respectively. Over more than 50 years, Widewaters has developed or acquired over 14.9 million square feet of institutional-quality real estate with a stated asset value in excess of $2.5 billion, including 6.4 million square feet of retail property, 5,374 hotel rooms (35 food and beverage outlets and over 170,000 sq ft of function space), and a growing multifamily and build-to-rent portfolio concentrated in the Carolinas, Georgia, Florida, Utah, and Arizona.

The company's operating model is built on five integrated business lines: (1) real estate development across retail, hospitality, multifamily, office/industrial, and residential asset classes; (2) construction management and design-build services through its wholly-owned subsidiary Widewaters Construction, Inc. (WCI), formed in 1991 and licensed in 19 states and 4 Canadian provinces, which uses Building Information Modeling (BIM) and integrated construction management software to streamline project documentation and shorten closing cycles; (3) property management of over 5 million square feet of retail, office, and industrial space for third-party owners, including full accounting, leasing representation, design/construction management, mechanical engineering, and energy management; (4) landlord and tenant representation services through Pyramid Brokerage, including exclusive tenant representation for national retailers such as TJX, Five Below, Dollar Tree, and Dick's Sporting Goods; and (5) hotel ownership and operations, with seven hotels now managed by Schulte Hospitality Group under a March 2026 partnership.

Widewaters' customer base spans major national retail anchors (Walmart, Target, Home Depot, Lowe's, Wegmans, Food Lion, Kohl's, Marshalls), hotel brand partners (Hilton, Marriott, Hyatt), and Fortune 500 office tenants. Revenue mechanics are diversified across one-time development fees, recurring managed services and property management fees, transaction-based brokerage commissions, subscription-style hotel operations revenue, and professional services from WCI. The company remains family-controlled under President Joseph R. Scuderi, with no disclosed external equity investors, and has grown organically over five decades without secondary offerings or recapitalizations.

Name

The Widewaters Group

Legal name

The Widewaters Group, Inc.

Website

https://widewaters.com

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

101–250 employees

Short description

The Widewaters Group is a privately held, vertically integrated commercial real estate firm founded in 1971 and headquartered in East Syracuse, NY, that develops, constructs, and manages retail, hospitality, multifamily, and office/industrial properties across 21 U.S. states and 3 Canadian provinces. It serves major national retailers, hotel brands, and Fortune 500 tenants through wholly-owned construction, brokerage, and property management subsidiaries.

Ownership category

akta.pro rank

Headquarters

HQ city

Dewitt

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Real Estate Development: Development of retail, hospitality, multifamily, office/industrial, and residential properties across North America for owned portfolio and third parties.
2. Property Management: Manages over five million square feet of retail, office, and industrial space, providing full accounting services, leasing representation, design and construction management, and mechanical engineering.
3. Construction Management: Widewaters Construction, Inc. (WCI) provides design/build, general contracting, construction management, green building, and procurement services. Licensed in 19 states and four Canadian provinces.
4. Leasing and Tenant Representation: Brokerage services for tenant and landlord representation, helping locate real estate opportunities and negotiating leases on behalf of clients.
5. Hotel Operations: Owns and operates a portfolio of 5,374 hotel rooms across 17 states and three Canadian provinces, including food and beverage outlets and function space.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

The Widewaters Group is a vertically integrated real estate organization that develops, acquires, and manages retail, hospitality, multifamily, office/industrial, and residential properties across North America. Through its subsidiary Widewaters Construction, Inc. (WCI), it provides design/build, general contracting, construction management, green building, and procurement services. It also offers property management, tenant representation, and landlord representation services, with a portfolio exceeding 14.9 million square feet and 5,374 hotel rooms.

Product overview

The Widewaters Group is a vertically integrated commercial real estate organization offering development, acquisition, construction, and management services across multiple property types. The core company operates alongside Widewaters Construction, Inc. (WCI, established 1991) and various service divisions including Property Management, Landlord Representation, and Tenant Representation. The portfolio spans five main categories: Retail (6.4M+ sq ft across 12 states), Hospitality (5,374 hotel rooms across 17 states and 3 Canadian provinces), Multifamily (properties in the Carolinas, Georgia, Florida, Utah, Arizona), Office & Industrial (Class-A multi-tenant and build-to-suit facilities), and Vacant Land (held for future development).

Differentiator

Problem solved

Functional benefit

Products and services

• Widewaters Construction, Inc. (WCI) Construction company offering Design/Build Services, General Contracting, Construction Management, Green Building, Building Information Modeling, and Procurement. Licensed in 19 states and four Canadian provinces.
• Property Management Property management service managing over five million square feet of retail, office, and industrial space. Services include design and construction management, mechanical engineering, energy management, full accounting services, service contracts evaluation and negotiation, and leasing representation.
• Landlord Representation Real estate representation service for property owners leveraging in-depth market knowledge, research capabilities and site selection to maximize property potential and maintain relationships with major retailers, landowners and government officials.
• Tenant Representation Proactive real estate representation service helping businesses locate properties with the most potential. Services include market review, lease negotiation, and exclusive representation for national and regional retailers.
• Real Estate Development Development of retail, hospitality, multifamily, office/industrial, and residential properties across North America for owned portfolio and third parties, with over 14.9 million square feet developed or acquired.
• Retail Portfolio Retail property portfolio spanning over 6.4 million square feet across 12 states, anchored by major retailers including Walmart, Target, Home Depot, Lowe's, Wegmans, Food Lion, Kohl's, and Marshalls.
• Hospitality Portfolio Portfolio of 5,374 hotel rooms, 35 food and beverage outlets, and over 170,000 square feet of function space, including branded and independent hotels across full-service, select-service and extended-stay properties in 17 states and three Canadian provinces.
• Multifamily Portfolio Multifamily development properties in the Carolinas, Georgia, Florida, Utah, and Arizona, including Parkstone at Indian Land, Parkstone at Knightdale, and The Dewitt | SLC, with a 187-unit Artisan at Lake Norman project in development.
• Office & Industrial Portfolio Development and management of office and industrial facilities including Class-A multi-tenant buildings, build-to-suit facilities for Fortune 500 companies, and complex medical uses, with active properties in Syracuse, NY and Surprise, AZ.
• Vacant Land Portfolio Inventory of land held for future development of retail, hotel, multifamily and office/industrial properties located in areas with development experience and deep market knowledge.

Quantifiable outcome

• Developed or acquired over 14.9 million square feet of institutional quality real estate assets
• +2 more outcomes

Named customers16 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered minor and core.

• Center Park GroupminorStrategic or Co-development Partner · 16 March 2026Center Park Group, a build-to-rent general contractor, began vertical construction on Artisan at Lake Norman, a 187-unit townhome rental community in Iredell County, North Carolina, on behalf of The Widewaters Group. This marks the first collaboration between the two companies and represents Center Park Group's continued expansion in the Southeast's BTR sector.
• Schulte Hospitality GroupcoreImplementation/ SI/ Consulting Partner · 3 March 2026Widewaters selected Schulte Hospitality Group as the management company for its portfolio of seven hotels. Schulte will manage day-to-day operations, revenue, sales, and food and beverage programming across the properties. The partnership aims to strengthen market positioning and increase long-term value for the hotels.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Kimco Realty: Kimco Realty is one of the largest publicly traded retail REITs in North America, focused on open-air shopping centers anchored by national and regional retailers — directly comparable to Widewaters' 6.4M sq. ft. retail portfolio and tenant roster (Walmart, Target, TJX, Home Depot, etc.).
• Regency Centers: Regency Centers is a grocery-anchored shopping center REIT with properties concentrated in affluent U.S. trade areas. Its merchant development model and tenant mix closely mirror Widewaters' power-center and shopping-center strategy with national retailers.
• Federal Realty Investment Trust: Federal Realty is a retail REIT focused on high-quality open-air shopping centers and mixed-use properties in dense coastal markets. Its focus on tenant relationships, mixed retail formats, and vertically integrated operations parallels Widewaters' retail leasing and management model.
• Brixmor Property Group: Brixmor owns and operates an open-air shopping center portfolio of ~37M sq. ft. anchored by necessity-based tenants including many of the same retailers Widewaters serves (Walmart, Kroger, TJX, Home Depot). Highly comparable in scale and merchandising strategy.
• Phillips Edison & Company: Phillips Edison is a shopping center REIT focused on grocery-anchored necessity retail. Its development, leasing, and third-party property management business lines closely mirror Widewaters' vertically integrated service mix across retail.
• DLC Management Corporation: DLC is a privately held, vertically integrated owner, developer, and manager of open-air shopping centers across the U.S. As a private peer with similar size, business model, and tenant mix, DLC is one of Widewaters' closest direct comparables.
• Hersha Hospitality Trust: Hersha is a hospitality REIT focused on upscale, select-service, and lifestyle hotels in urban and gateway markets — directly comparable to Widewaters' 5,374-room Hilton/Marriott/Hyatt-anchored portfolio across 17 states.
• Trammell Crow Company: Trammell Crow is one of the largest private commercial real estate developers in the U.S., with a multi-product platform spanning office, industrial, healthcare, and multifamily development. Its private, vertically integrated developer model closely mirrors Widewaters' structure.
• Continental Properties: Continental Properties is a privately held, vertically integrated real estate developer of multifamily, retail, and hospitality assets. Its multi-product, vertically integrated developer profile and national retailer relationships make it a comparable private peer to Widewaters.

Broad incumbents

• Brookfield Property Partners: Brookfield Properties is one of the world's largest real estate operators with retail, office, multifamily, and hospitality assets globally. Far larger and more diversified than Widewaters, but operates in adjacent verticals with similar institutional tenant relationships.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/thewidewatersgroup
• LinkedInlinkedin.com/company/the-widewaters-group/mycompany
• Instagraminstagram.com/thewidewatersgroup

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Widewaters Group