Austin Lawrence Partners
- Company typePrivate
- Founded1982
- HeadquartersDurham, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Austin Lawrence Partners does
Austin Lawrence Partners is a privately owned, family-operated real estate development firm headquartered in Durham, North Carolina, founded in 1982 by Greg and Jane Hills. The firm has developed more than three million square feet of real estate across nearly every major asset class — including single- and multi-family residential, mixed-use, retail, office, hospitality, historic preservation, restoration/renovation, and land development — with operational footprint spanning North Carolina, Colorado, Idaho, Ohio, and California.
The company's product portfolio includes mixed-use high-rises such as One City Center and The Novus in Durham, the Unscripted Hotel Durham boutique hospitality property, the One Lakeside luxury condo-hotel hybrid in Coeur d'Alene, and a long track record of historic preservation and infill residential projects in Aspen, Columbus, and Los Angeles. Its core competitive methodology is a proprietary market-research framework called 'Dartboard Analysis,' which screens macro-level market factors before drilling into local conditions to identify acquisition opportunities and mitigate development risk.
Austin Lawrence Partners generates revenue through direct real estate development — condominium sales, apartment rentals, commercial leasing, hospitality operations, and land sales — supplemented by ongoing property management and asset management services. Projects are typically pre-sold or pre-leased prior to construction completion. The firm operates without disclosed external institutional investors, private equity backing, or public funding rounds, indicating bootstrapped or organically financed growth across its 44-year history. The Hills family remains central to operations, with the second generation (Austin Hills, Director of Development; Whitney Hills, Marketing and Design Associate) now actively involved in acquisitions, development management, and design.
Austin Lawrence Partners firmographics
Firmographics- Name
- Austin Lawrence Partners
- Legal name
- Austin Lawrence Partners
- Website
- https://austinlawrencepartners.com
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Austin Lawrence Partners industry classification
Industry- Product category
- Real Estate Development
- NAICS
- Lessors of Other Real Estate Property (53119)
- SIC
- Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)
Keywords
Where Austin Lawrence Partners is headquartered
LocationHeadquarters
- HQ city
- Durham
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Austin Lawrence Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales
Revenue model
- Real Estate Development: The company develops real estate projects across multiple asset classes including residential, mixed-use, retail, office, hospitality, and land development. Revenue is generated through property sales, condominium sales, apartment rentals, hotel operations, and commercial leasing.
- Property Management and Asset Management: The company provides ongoing property management, asset management, and restoration/renovation services for their developed properties and select client projects.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
Austin Lawrence Partners product offering
Product offeringCore offering
Austin Lawrence Partners is a privately owned real estate development firm that identifies, acquires, develops, and redevelops real estate across multiple asset classes including residential (single- and multi-family), condominiums, mixed-use, retail, office, hospitality, restoration/renovation, and land development. The firm provides property management, asset management, and interior design services for its developed properties, with more than 3 million square feet developed since 1982 across multiple U.S. states.
Product overview
Austin Lawrence Partners is a privately owned real estate development firm that creates projects across multiple asset classes including residential (single- and multi-family), mixed-use, retail, office, hospitality, restoration and renovation, historic preservation, and land development. The company has developed more than 3 million square feet of real estate since 1982. Key products include: The Novus and One City Center (mixed-use high-rises in Durham, NC); Unscripted Hotel Durham (boutique hospitality); One Lakeside (luxury condo/hotel hybrid in Coeur d'Alene, ID); and various residential and retail projects in Aspen, CO, Columbus, OH, Los Angeles, CA, and Dublin, OH. Projects range from high-rise condominiums and apartments to historic preservation and redevelopment, with offerings including for-sale units, apartment rentals, retail space, office space, and hospitality accommodations.
Differentiator
Problem solved
Functional benefit
Products and services
- The Novus A downtown Durham high-rise building consisting of 54 for-sale condominiums, 188 apartment rentals, structured parking, and over 22,000 square feet of ground floor retail with amenities including pool, hot tub, pickleball court, gym, club room, coworking space, dog park, outdoor theater, and golf simulator.
- One City Center Class AAA mixed-use residential, retail, and commercial high-rise building and the tallest building in downtown Durham, featuring 30 condos, 109 luxury apartments, 130,000 SF of Class A office space, and 22,000 SF of retail space.
- Unscripted Hotel Durham Boutique hotel featuring 74 rooms, a 7,000 SF rooftop deck with pool, 11,000 SF of retail space, and a 250-space Class A parking deck.
- One Lakeside 15-story mid-rise hybrid luxury building in downtown Coeur d'Alene with 69 units combining luxury condominiums and hotel accommodations, featuring 8 floors of condos and 3 floors of short- and long-term rentals including 29 fully furnished condo hotel rooms.
- Block 99 Preservation and redevelopment project on a 6,000-square-foot lot in downtown Aspen featuring restoration of two 1890s historic miner's cabins and a new three-story mixed-use building with a 2,500 SF penthouse.
- Conner Cabins & Lofts Project featuring restoration of three 1890s historic mining cabins into commercial office spaces (1,500 SF each) joined by three newly constructed loft residences (4,800 to 5,600 SF each) on a historic site in Aspen.
- The Crandall Building Preservation and redevelopment of an iconic Aspen Modern Building designed by Tom Benton in 1969, featuring landmark designation, addition of a 2,500 SF rooftop residential unit with 2,000 SF wraparound deck, and award-winning restoration.
- Double Bar X Ranch Comprehensive land development of a 124-acre historic ranch property within Aspen city limits featuring a 17-acre nature preserve, 13 single-family homesites (2 to 35 acres), and amenities including hiking trails and bike path easement.
- Park Plaza Shopping Center Exterior renovation of a 1960s vintage, 250,000 SF shopping center in Los Angeles including storefront windows, signage, landscaping, parking reconfiguration, and additional square footage for major retail chains.
- Property Management and Asset Management Ongoing property management, asset management, and restoration/renovation services for developed properties and select client projects.
Quantifiable outcome
- 3+ million square feet of real estate developed
- +3 more outcomes
Companies that use Austin Lawrence Partners
Customer profileSegments2 records
Ideal customer profiles3 records
Austin Lawrence Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Austin Lawrence Partners partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights4 records
Austin Lawrence Partners competitors and assessment
Company assessmentBroad incumbents
- Hyatt Hotels Corporation: Global hospitality company operating luxury and lifestyle brands including boutique-style properties. Relevant as the parent operating partner category for ALP's Unscripted Hotel Durham and One Lakeside condo-hotel concepts.
- Federal Realty Investment Trust: Public REIT focused on mixed-use and open-air retail centers in high-density coastal markets. Comparable in mixed-use development philosophy and urban infill orientation but operates as a large public REIT rather than a private boutique developer.
- Greystar Real Estate Partners: Largest US multifamily developer and operator with global footprint and institutional scale. Comparable product category (multifamily development + management) but operates at vastly larger scale and as a broad incumbent across many markets.
Direct peers
- Crescent Communities: Charlotte, NC-based real estate developer with multifamily, mixed-use, and master-planned communities across the Southeast. Comparable as a Carolinas-rooted multi-asset developer, though meaningfully larger in scale than ALP.
- RangeWater Real Estate: Atlanta-based multifamily developer and operator active across the Sun Belt. Comparable as a Sun Belt multifamily/mixed-use developer with similar geographic footprint (SE US) and development-led operating model.
- Woodfield Investments: Southeast US-focused multifamily and mixed-use developer and operator with projects across multiple Carolinas and SE markets. Comparable as a SE US boutique multi-class developer with similar operating and development scope.
- Grubb Properties: Durham, NC-based boutique real estate investment and development firm focused on mixed-use, multifamily, and office in the Carolinas. Directly comparable to ALP in size, geography (shared Durham market), and multi-asset-class boutique approach with community-oriented positioning.
- Northwood Ravin: North Carolina-based residential and mixed-use developer with multifamily and student housing focus. Comparable in geography (Carolinas), boutique scale, and multifamily/mixed-use development orientation; ALP's portfolio includes similar product types.
- South Street Partners: Charlotte, NC-based real estate investment and development firm operating multifamily, mixed-use, and student housing across the Southeast. Comparable as a Southeast-based multi-class boutique developer with a similar operating and investment model.
- Beacon Street Development: North Carolina-based mixed-use developer with projects in Durham and the Carolinas including office, retail, and multifamily. Direct geographic overlap with ALP in downtown Durham and similar mixed-use, urban infill focus.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Austin Lawrence Partners social profiles
Digital presenceAustin Lawrence Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Austin Lawrence Partners leadership team
Management profileNumber of profiles
Profiles6 records
Austin Lawrence Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Austin Lawrence Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Austin Lawrence Partners
What does Austin Lawrence Partners do?
Austin Lawrence Partners is a privately owned real estate development firm that identifies, acquires, develops, and redevelops real estate across multiple asset classes including residential (single- and multi-family), condominiums, mixed-use, retail, office, hospitality, restoration/renovation, and land development. The firm provides property management, asset management, and interior design services for its developed properties, with more than 3 million square feet developed since 1982 across multiple U.S. states.
Is Austin Lawrence Partners a public or private company?
Austin Lawrence Partners is a private company. It is classified as family owned and is currently operating.
When was Austin Lawrence Partners founded?
Austin Lawrence Partners was founded in 1982. It employs 11 to 50 people.
Where is Austin Lawrence Partners based?
Austin Lawrence Partners is headquartered in Durham, United States, in the North America region.
How does Austin Lawrence Partners make money?
Two revenue lines are on record. Real Estate Development is the primary driver. The others are property Management and Asset Management.
Who are Austin Lawrence Partners's main competitors?
Broad incumbents on record are Hyatt Hotels Corporation, Federal Realty Investment Trust and Greystar Real Estate Partners. Direct peers are Crescent Communities, RangeWater Real Estate, Woodfield Investments, Grubb Properties, Northwood Ravin, South Street Partners and Beacon Street Development.
Does Austin Lawrence Partners have an API?
No public API is recorded for Austin Lawrence Partners.
What industry is Austin Lawrence Partners in?
Austin Lawrence Partners's product category is Real Estate Development. Its primary akta.pro industry code is BPAJANAC, Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support). Its NAICS code is 53119 and its SIC code is 6532.