Novare Group

What Novare Group does

Novare Group (legal entity NGI INVESTMENTS LLC) is a privately held mixed-use real estate development company headquartered in Atlanta, Georgia, founded in 1992 by Jim Borders. The firm develops, owns, and disposes of multifamily residential communities concentrated in the Sunbelt region of the United States, with a secondary push into African investment opportunities via a European office opened in Arnhem, Netherlands in November 2025. Since 1992, Novare has overseen more than $3.5 billion of real estate development and investment across 70+ communities and 20,000+ residential units, with $2.9 billion of multifamily rental development completed since 2011.

The company's core technology is a repeatable Sunbelt multifamily development platform executed through several branded product lines: SkyHouse® (18 high-rise apartment communities), Populus® (luxury mid-rise), Conclave (mid-rise), Lullwater (garden-style luxury), TWELVE® (high-rise condo), and adaptive reuse projects that convert historic buildings into residences. Novare Development Resources, a wholly-owned subsidiary, provides co-invest equity capital and shared back-office services — finance, accounting, construction management, risk management, asset management, and legal — to partner developers, enabling a JV-heavy operating model alongside principal development.

Novare generates revenue through development fees, property dispositions to institutional investors (UBS Realty Investors, DWS Asset Management, Goldman Sachs), co-investment returns from JV equity stakes, and rental income on retained assets. Distribution is direct-to-institution for property sales and partnership-based for new development, with co-development partners including Batson-Cook Development, Fickling & Company, PointOne Holdings, Preferred Apartment Communities, and Nixon Jefferson. Marketing is largely brand- and project-driven via the corporate website and individual property sites, with no disclosed public pricing model for residential units.

Name

Novare Group

Legal name

NGI INVESTMENTS LLC

Website

https://novaregroup.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

Novare Group is a privately held Atlanta-based real estate developer founded in 1992 that builds mixed-use multifamily communities across the U.S. Sunbelt, operating branded product lines SkyHouse, Populus, Conclave, and Lullwater, and recently expanded to European-African investment opportunities.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Real Estate and Rental and Leasing (53)

SIC

Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Single-Family Rental (SFR) Property Management (BPAJAFAB)

Keywords

• Real estate development
• Multifamily housing
• Mixed-use communities
• High-rise apartments
• Sunbelt properties

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Real Estate Development: Novare Group develops mixed-use residential communities and sells or retains properties for rental income. The company generates revenue through development fees, property dispositions, and co-investment returns. Since 2011, the company has developed $2.9 billion of multifamily rental communities.

Distribution channels2 records

Marketing channels1 record

Core offering

Novare Group is a private real estate development and investment company that develops mixed-use multifamily residential communities across the Sunbelt region. Founded in 1992, the company has developed over 20,000 residential units in 70+ communities and has overseen more than $3.5 billion in real estate development. Its portfolio spans high-rise urban apartments (SkyHouse® brand), garden-style suburban communities, adaptive reuse projects, and build-to-rent single-family rentals, with completed assets typically sold to institutional investors or held for rental income.

Product overview

Novare Group is a mixed-use real estate development company offering a diversified portfolio of residential products across the Sunbelt region. The company operates primarily through several branded product lines: SkyHouse® (18 high-rise apartment communities), Populus® (luxury apartments), and Lullwater (garden-style apartments), along with high-rise condo and adaptive reuse projects. The company also operates a Novare Development Resources division that provides co-investment capital and development expertise to partner firms. Development spans high-rise mixed-use urban communities, suburban garden-style apartments, build-to-rent single-family homes, and historic adaptive reuse projects across 70+ communities in Sunbelt markets.

Differentiator

Problem solved

Functional benefit

Products and services

• SkyHouse® Brand Portfolio Signature high-rise apartment brand featuring rapid build-efficient high-rise communities; the portfolio comprises 18 branded SkyHouse communities in Atlanta, Austin, Charlotte, Dallas, Denver, Frisco, Houston, Nashville, Orlando, Raleigh, and Tampa. Sold primarily to institutional investors.
• Novare Development Resources A division that provides co-investment capital and strategic development resources — including finance, accounting, construction management, risk management, asset management, and legal support — to partner development firms, enabling programmatic joint-venture partnerships.
• High-Rise Mixed-Use Communities

Quantifiable outcome

• Metropolis (2002) credited with transforming Midtown Atlanta into a vibrant neighborhood
• +1 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered minor and core.

• Invest in HollandminorGTM or Marketing Partner · 17 November 2025Invest in Holland supported Novare Group's opening of a European office in Arnhem, Netherlands to connect investors with opportunities in Africa across real estate, infrastructure, renewable energy, critical minerals, fintech, and private equity.
• BCDC (Batson-Cook Development Company)coreStrategic or Co-development Partner · 11 September 2025Joint venture development partner with Novare Group on multiple multifamily projects including The Preserve at Heartwood (Richmond Hill), Populus Waterside (Chattanooga), Populus Westside (Atlanta), and Langley Pointe (West Columbia).
• Fickling & CompanycoreStrategic or Co-development Partner · 23 June 2025Joint-venture development partner with Novare Group and BCDC on luxury multifamily communities including Langley Pointe, a 312-residence luxury garden-style apartment community in West Columbia, SC.
• PointOne HoldingsminorStrategic or Co-development Partner · 1 April 2025Joint venture partner with Novare Group and Batson-Cook Development Co. on The Parker, a 330-unit luxury community in Acworth, GA (Atlanta area).
• Preferred Apartment CommunitiesminorStrategic or Co-development PartnerCo-development partner with Novare Development Resources and Atlanta-based developer Nixon Jefferson on Cameron Park, a 302-unit transit-oriented apartment development in Alexandria, VA.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Wood Partners: One of the largest multifamily developers in the US with deep Sunbelt exposure across high-rise, mid-rise, and garden-style product. Directly comparable to Novare on geography and product mix; the two firms partnered on the Metropolis project in Midtown Atlanta that catalyzed Novare's high-rise focus.
• Batson-Cook Development Company: Atlanta-based multifamily and mixed-use developer actively co-developing projects with Novare Group across Georgia, Tennessee, and the Carolinas, including Langley Pointe, Populus Waterside, and Populus Westside. Directly comparable product mix and Sunbelt geography.
• Crescent Communities: Charlotte-based multifamily and mixed-use developer with a portfolio concentrated in Sunbelt metros including Atlanta, Charlotte, Nashville, and Raleigh. Closely comparable to Novare on product type (high-rise, garden-style, build-to-rent) and target geography.
• RangeWater Real Estate: Atlanta-based multifamily developer and operator focused on the Sunbelt, building garden-style, townhome, and build-to-rent product. Comparable to Novare's suburban garden-style and build-to-rent sub-brands and Southeast geographic focus.
• JLB Partners: Southeast-focused multifamily developer active in Georgia, Florida, and the Carolinas. Comparable to Novare on rental apartment product type and Sunbelt geography, with similar deal-size profile.
• Preferred Apartment Communities: Multifamily-focused REIT and developer that has co-developed communities with Novare (e.g., Cameron Park in Alexandria, VA). Comparable on multifamily product type and joint-venture capital structure.

Broad incumbents

• Lincoln Property Company: Large national multifamily developer, owner, and manager with significant Sunbelt presence. Operates as a broader-platform incumbent with a wider product portfolio than Novare, including third-party management.
• Greystar Real Estate Partners: Largest multifamily owner, operator, and developer globally with a sizable Sunbelt development pipeline. Operates as a broad incumbent across investment management, development, and property management, exceeding Novare's scale.
• Trammell Crow Residential (now part of CBRE Investment Management): National multifamily developer backed by CBRE with material Sunbelt activity. Comparable product type but much broader geographic footprint and institutional scale.
• Toll Brothers Apartment Living: The multifamily development arm of national homebuilder Toll Brothers, active in Sunbelt metros delivering high-rise, mid-rise, and garden-style product. Broad incumbent with parent-company capital backing that exceeds Novare's standalone scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds

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 Novare Group