The Crest Group
The Crest Group LLC is a privately held, vertically integrated real estate development, management, and boutique private equity firm founded in 2000 that owns, develops, and manages $500M+ of residential, commercial, retail, and hospitality assets across the eastern United States, primarily serving national retailers, institutional tenants, and 55+ housing demand.
- Company typePrivate
- Founded2000
- HeadquartersPort Jefferson Station, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What The Crest Group does
The Crest Group LLC is a privately held, vertically integrated real estate management, development, and boutique private equity firm founded in 2000 by Enrico P. Scarda and headquartered in Port Jefferson Station, NY. The company owns, develops, and manages an extensive portfolio of residential, office, industrial, retail, hotel, restaurant, marina, and catering facilities, reporting over $500 million in assets under management, 1 million+ square feet of commercial space, and 1,000+ residential units across the eastern United States with notable presence in New York, Michigan, Florida, and South Carolina. Operations are organized into three divisions — Management/Development (including Crest Property Management and CRA LLC landlord-representation), Hospitality (Crest Hospitality LLC), and a boutique Private Equity arm — supported by 300+ employees.
The business operates on a multi-stream revenue model anchored in recurring rental income from owned residential and commercial properties, supplemented by hospitality operations (hotels, restaurants, catering, marinas), one-time gains from ground-up development and property disposition, and private equity returns from $5-$20 million investments in small and mid-sized companies. Its product surface spans luxury 55+ condominiums and townhouses (Setauket Meadows, Village Vistas, The Villas at Setauket), multifamily apartments (The Grand, The Summit, The Villas on Eastview, Heritage at Summerville), manufactured home communities (Shores at Anchor Bay, Westbridge Manor), Class A office and retail portfolios (Crossroads Corporate Park, Three Roads Shopping Plaza, Huntington Commons), hospitality assets (Danfords, Waters Edge, Staybridge Suites Orlando), and the newly added CubeSmart-branded self-storage facility.
Distribution is direct: an in-house leasing team and CRA LLC handle tenant relationships; build-to-suit development serves national retail tenants (Starbucks, 7-Eleven, CVS, LA Fitness, Target, Kohl's, Dunkin', QuickChek); and the hospitality division sells rooms, events, F&B, and marina services directly. Self-funded capital without outside investors enables patient, long-horizon ownership. The firm is family-led, with founder Enrico Scarda as President and his son Daniel Scarda serving as COO and Director of Corporate Finance, supported by senior leaders with pedigree from Blackstone, Centerview Partners, Starbucks, Lennar, BMO, and large national real estate operators.
The Crest Group firmographics
Firmographics- Name
- The Crest Group
- Legal name
- The Crest Group LLC
- Website
- https://thecrestgroupllc.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The Crest Group LLC is a privately held, vertically integrated real estate development, management, and boutique private equity firm founded in 2000 that owns, develops, and manages $500M+ of residential, commercial, retail, and hospitality assets across the eastern United States, primarily serving national retailers, institutional tenants, and 55+ housing demand.
- Ownership category
- akta.pro rank
The Crest Group industry classification
Industry- Product category
- Real Estate Development and Investment
- NAICS
- Management of Companies and Enterprises (5511)
- SIC
- Operators Of Nonresidential Buildings (6512)
- akta.pro primary industry
- Association Compliance, Governance & Board Support Services (BPAJAHAN)
Keywords
Where The Crest Group is headquartered
LocationHeadquarters
- HQ city
- Port Jefferson Station
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
The Crest Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D
Revenue model
- Real Estate Rental Income: Owns and manages an extensive portfolio of residential, office, industrial, retail, hotel, restaurant, marina and catering facilities generating recurring rental income from tenants.
- Private Equity Investments: Boutique private equity group investing $5 to $20 million in small to mid-sized companies seeking growth capital, restructuring, management buyouts and mergers and acquisitions. Provides both financial resources and operational expertise.
- Property Development and Disposition: Ground-up development of residential communities, commercial buildings, and retail plazas. Profits realized through asset appreciation and eventual disposition of developed properties.
- Hospitality Operations: Through Crest Hospitality LLC division, manages hotels, restaurants, catering facilities and marinas generating revenue from room rentals, food and beverage sales, and event hosting.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | The Villas at Oak Run market-rate units |
| Subscription | Monthly | The Villas at Oak Run workforce housing units |
| Subscription | Monthly | The Villas at Oak Run affordable housing units |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
The Crest Group product offering
Product offeringCore offering
The Crest Group is a privately held real estate management and development company that owns, develops, and manages residential communities, office, industrial, retail, hotel, restaurant, marina, and catering facilities nationally. It also operates a boutique private equity division that invests $5–$20 million in small to mid-sized companies for growth capital, restructuring, management buyouts, and mergers and acquisitions. Operations are vertically integrated across land acquisition, ground-up construction, in-house property management (Crest Property Management), and hospitality operations (Crest Hospitality LLC).
Product overview
The Crest Group is a vertically integrated real estate management and development firm offering three distinct divisions: a Development/Management division, a Hospitality division (Crest Hospitality), and a boutique Private Equity division. The company develops and manages residential communities (including luxury 55+ condominiums and townhouses, multifamily apartments, and manufactured home communities), commercial properties (office parks, retail plazas, medical offices, and industrial facilities), and hospitality venues (hotels, restaurants, catering facilities, and event venues). The Private Equity division invests $5-$20 million in small to mid-sized companies. The company owns and operates over 1 million sq ft of commercial space and over 1,000 residential units across the eastern United States with notable presence in New York, Michigan, Florida, South Carolina, and Orlando, FL.
Differentiator
Problem solved
Functional benefit
Brands
- Crest Hospitality LLC: Hospitality division specializing in hotel and catering venues, run by separate executive team with 20-30 years of experience in hotel management and F&B.
- CRA LLC
- Crest Property Management
- TCG Investment Fund
Products and services
- Real Estate Development Vertically integrated ground-up development of residential communities, commercial buildings, office complexes, retail plazas, and industrial properties, primarily across the eastern United States. Includes site sourcing, entitlements, design, construction oversight, build-to-suit delivery, and eventual disposition for national retailers, institutional users, and the firm's own portfolio.
- Property Management Management and operation of residential communities, commercial buildings, office spaces, retail properties, and industrial facilities owned by The Crest Group and, via CRA LLC, third-party owners. Includes tenant relations, leasing administration, capital improvements, and operating cost optimization.
- Crest Hospitality Hospitality division operating hotels, restaurants, catering facilities, and marinas under The Crest Group. Includes room rentals, food and beverage operations, event hosting, and marina slip rentals, led by hospitality executives with 20–30 years of hotel management and F&B experience.
- Private Equity Investments Boutique private equity division providing growth capital, restructuring capital, management buyout financing, and mergers and acquisitions capital to small and mid-sized U.S. companies. Combines financial capital with operational expertise and benefits from long-standing banking and equity partner relationships enabling expedited access to capital.
- Crossroads Corporate Park 400,000 sq ft Class A office and commercial portfolio in Hauppauge/Islandia, NY leased to enterprise tenants including Stonybrook Medical Center, Empire National Bank, Mass Mutual Insurance, Stifel Nicolaus, Flushing Bank, and Bankers Conseco.
- Three Roads Shopping Plaza 65,000 sq ft retail center in Port Jefferson Station, NY leased to national and regional retailers including a NY State DMV government tenant.
- Crest Medical Plaza 21,000 sq ft Class A medical office building in Port Jefferson Station, NY leased to medical practices including Long Island Physicians Associates PLLC and North Shore Hematology-Oncology Associates.
- Huntington Commons Ground-up retail development in Huntington, NY anchored by LA Fitness, Starbucks, and The Learning Experience.
- Crest Industrial Park 65,000 sq ft multi-tenant industrial portfolio across four buildings in West Babylon, NY.
- Bellport Plaza 50-acre mixed-use development in Bellport, NY combining 180,000 sq ft of retail space with self-storage, commercial, assisted living, and multifamily residential apartment community.
- CubeSmart Self Storage Facility (St. James) 114,000 sq ft state-of-the-art CubeSmart-branded self-storage facility in St. James, NY featuring elevatored 3-story and basement, climate-controlled units, and multiple drive-up units across 1,008 storage units.
- Setauket Meadows Gated 150-unit luxury 55+ residential condominium community in East Setauket, NY with clubhouse, indoor/outdoor pool, putting green, and walking trails. Sold out with 50% of units pre-sold before construction began.
- Village Vistas Gated 43-unit luxury 55+ townhouse complex in Port Jefferson Station, NY with clubhouse, heated pool, walking trails, and views of Port Jefferson Harbor.
- The Villas at Setauket Gated 92-unit luxury 55+ townhouse rental community on 22 acres in East Setauket, NY featuring clubhouse, heated saltwater pool, and bocce ball court.
- The Grand Luxury all-age 102-unit multifamily community in Grand Blanc, Michigan featuring large 2,131 sq ft average units with granite countertops, hardwood-style flooring, and balconies.
- The Summit Luxury all-age 62-unit condominium-style multifamily residence in Michigan featuring 2,135 sq ft average units with granite countertops, 2-car garages, and full basements.
- The Villas on Eastview 100-unit luxury rental all-age apartment community under construction in Central Islip, NY with a state-of-the-art clubhouse.
- The Villas at Oak Run 74-unit 55+ townhome rental development in Middle Island, NY with 37 duplex buildings, indoor fitness center, half-mile walking path, and outdoor pickleball courts. Includes market-rate, workforce (up to 120% AMI), and affordable (up to 80% AMI) units.
- Heritage at Summerville 250-unit multifamily development in Summerville, SC featuring duplex townhomes, flat townhomes, and floor-through units with clubhouse, pool, pickleball courts, and walking trails.
- The Shores at Anchor Bay All-age manufactured home community in Fairhaven, MI with 653 home pad sites plus clubhouse, outdoor pool, gym, and bark park.
- Westbridge Manor Manufactured home community in Macomb, MI with 1,424 home pad sites plus jacuzzi, indoor/outdoor pool, full-sized indoor basketball court, and gym.
- Waters Edge Premier waterfront wedding and event venue in Centerport, NY with stunning waterfront views, Gatsby-styled elegance, and the Summerwind ballroom event space.
- Danfords Hotel, Marina & Spa Waterfront hotel property in Port Jefferson, NY with 85+ transient keys, 3 furnished 1-bedroom apartment units, 110-slip marina, award-winning waterfront restaurant, and 12,000 sq ft of event space.
- Staybridge Suites Orlando Luxury extended-stay hotel near Orlando International Airport featuring apartment-style living, full hot breakfast buffet, and meeting rooms utilized by Fortune 500 companies.
- York Avenue Multifamily condominium/cooperative residential complex on York Avenue in Manhattan, NY.
- Setauket Meadows in the Woods 92-unit luxury 55+ townhouse rental community on 16.99 acres in East Setauket, NY consisting of 26 buildings with two-bedroom, two-and-a-half bathroom units and attached garages.
- Thatched Cottage Waterfront catering facility in Centerport, NY.
Quantifiable outcome
- 63,000+ square feet of new leases executed in 2020 during COVID-19 pandemic, with highest-ever portfolio occupancy
- +4 more outcomes
Companies that use The Crest Group
Customer profileNamed customers20 records
Segments4 records
Ideal customer profiles4 records
The Crest Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
The Crest Group partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and major.
- Black Creek IndustrialminorDenver-based developer purchased 53-acre Bellport property from Bellport Associates LLC and The Crest Group for $32.25 million to build a 500,000-square-foot truck terminal.
- TPG Hotel and ResortsminorCranston, Rhode Island-based TPG Hotel and Resorts purchased Danfords Hotel Marina and Spa from The Crest Group for approximately $40 million, including the management lease for Port Jefferson Country Club restaurants and catering facilities.
- Matrix GroupmajorMatrix Group partnered with Crest Group to acquire and develop properties including the 52-acre Bellport tract. The partnership proposed mixed-use development including 180 apartments, assisted living facility, self-storage, and retail.
- Westport Property ManagementminorWilton, Connecticut-based Westport Property Management sold Danfords Hotel & Marina to The Crest Group for approximately $20 million.
Scale indicators13 records
Recent moves8 records
Expansion highlights5 records
The Crest Group competitors and assessment
Company assessmentDirect peers
- The Related Companies: NYC-headquartered, privately-affiliated, vertically integrated real estate developer with affordable/market-rate multifamily, mixed-use, and commercial holdings. Comparable to The Crest Group in multi-asset-class diversification and NY regional focus, though at meaningfully larger scale.
- The Brodsky Organization: Privately held, family-run NYC real estate owner/developer/manager with a portfolio spanning multifamily, office, retail, and mixed-use assets. Closely mirrors The Crest Group's privately held, family-led, vertically integrated model and NY-centric operating footprint.
- L+M Development Partners: Privately held NYC-based developer specializing in market-rate, mixed-income, and affordable multifamily housing with growing mixed-use and commercial exposure. Comparable to Crest's workforce/affordable housing component at The Villas at Oak Run and its 55+ rental developments.
- Douglaston Development: Privately held NYC-area multifamily developer and owner-operator with affordable, market-rate, and senior housing focus. Comparable to Crest's Long Island multifamily/55+ pipeline and family-controlled governance model.
Broad incumbents
- Toll Brothers: Large publicly traded luxury homebuilder and multifamily developer with national footprint. Comparable to Crest's luxury 55+ condominium and townhome product lines (e.g., Setauket Meadows, Village Vistas) at meaningfully larger public-company scale.
- AvalonBay Communities: Large publicly traded multifamily REIT with ~90k apartment units concentrated on the East Coast. Comparable to Crest's multifamily strategy and The Grand (Michigan) / Heritage at Summerville (SC) portfolio, though at vastly larger institutional scale.
- Equity Residential: Major publicly traded multifamily REIT with ~80k units in urban and high-density suburban markets including NYC. Comparable to Crest's multifamily rental book and 55+ product strategy, though institutional in scale and capital structure.
- Vornado Realty Trust: Publicly traded NYC-focused office and retail REIT. Comparable to Crest's Crossroads Corporate Park (400k sf office) and Three Roads Shopping Plaza, with overlapping tenant profiles (financial services, government, retail) and Long Island exposure.
- Simon Property Group: Largest publicly traded retail REIT with national mall and shopping center portfolio. Comparable to Crest's retail development and ground-up build-to-suit activity for national retail tenants (Starbucks, Target, CVS, Kohl's, 7-Eleven, QuickChek).
- Brookfield Property Group: Global diversified real estate operator with office, retail, multifamily, hospitality, and self-storage holdings. Comparable to Crest's multi-asset-class diversification and vertically integrated operating model, though at vastly larger institutional scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
The Crest Group social profiles
Digital presenceThe Crest Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Crest Group leadership team
Management profileNumber of profiles
Profiles10 records
The Crest Group subsidiaries and ownership
Company hierarchySubsidiaries4 records
The Crest Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Crest Group M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Crest Group
What does The Crest Group do?
The Crest Group is a privately held real estate management and development company that owns, develops, and manages residential communities, office, industrial, retail, hotel, restaurant, marina, and catering facilities nationally. It also operates a boutique private equity division that invests $5–$20 million in small to mid-sized companies for growth capital, restructuring, management buyouts, and mergers and acquisitions. Operations are vertically integrated across land acquisition, ground-up construction, in-house property management (Crest Property Management), and hospitality operations (Crest Hospitality LLC).
Is The Crest Group a public or private company?
The Crest Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was The Crest Group founded?
The Crest Group was founded in 2000. It employs 11 to 50 people.
Where is The Crest Group based?
The Crest Group is headquartered in Port Jefferson Station, United States, in the North America region.
How does The Crest Group make money?
Four revenue lines are on record. Real Estate Rental Income is the primary driver. The others are private Equity Investments, property Development and Disposition and hospitality Operations.
Who are The Crest Group's main competitors?
Direct peers on record are The Related Companies, The Brodsky Organization, L+M Development Partners and Douglaston Development. Broad incumbents are Toll Brothers, AvalonBay Communities, Equity Residential, Vornado Realty Trust, Simon Property Group and Brookfield Property Group.
Does The Crest Group have an API?
No public API is recorded for The Crest Group.
What industry is The Crest Group in?
The Crest Group's product category is Real Estate Development and Investment. Its primary akta.pro industry code is BPAJAHAN, Association Compliance, Governance & Board Support Services. Its NAICS code is 5511 and its SIC code is 6512.