Province Group
Province Group is a privately held, principal-driven real estate investment and development firm that acquires, entitles, develops, and dispositions residential, commercial, mixed-use, and data center projects across multiple U.S. states for institutional investors and national homebuilders.
- Company typePrivate
- Founded1991
- HeadquartersNewport Beach, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Province Group does
Province Group is a privately held real estate investment and development firm founded in 1991 and headquartered at 26 Corporate Plaza, Suite 260 in Newport Beach, California. The firm operates as a principal-driven buyer and developer focused on the acquisition, entitlement, development, management, and disposition of residential, commercial, mixed-use, and—more recently—data center campus projects in supply-constrained submarkets across California, Colorado, Florida, Georgia, Ohio, Virginia, and Washington. Its core capability stack combines deep entitlement expertise in challenging jurisdictions (including CEQA compliance, general plan amendments, and zone changes), site assembly and assembly under distress, and rigorous underwriting against supply/demand, demographic, employment, and infrastructure fundamentals.
The firm is run by a small team of 1–10 principals and staff with collective real estate experience exceeding 100 years; CEO Mark J. Kerslake has been in the industry since 1981, Senior Vice President Timothy Ramm has been with the firm since its 1991 inception, and Vice President Dean Maners brings over 30 years and 10,000 lots of land-sourcing experience. Over its 35-year history Province Group and its affiliates have developed, renovated, and/or acquired more than 75 projects with a combined value in excess of $850 million, with the firm more recently referencing a portfolio in excess of $1 billion; signature projects include the award-winning Sailhouse community in Corona Del Mar, the Hiline Apartments re-zoning in Littleton, Colorado, and the Stranwood Townhomes in Mission Hills, Los Angeles.
Province Group makes money through one-time dispositions of developed for-sale residential, commercial, and mixed-use projects and through long-term ownership and operation of income-producing assets such as multi-family apartments and data center campuses. Go-to-market is sales-led and direct: the firm actively seeks off-market and unlisted properties, works cooperatively with brokers, and leverages deep relationships with national homebuilders (Lennar, Pulte, Centex, Richmond American), institutional equity providers (CalPERS, Kennedy-Wilson), and a broad base of senior and mezzanine lenders (Wells Fargo, Bank of America, JP Morgan Chase, Guggenheim). Substantial internal capital and internal decision-making authority enable rapid response without dependence on external equity for approval.
Province Group firmographics
Firmographics- Name
- Province Group
- Legal name
- Province Group, LLC
- Website
- https://provincegroup.com
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Province Group is a privately held, principal-driven real estate investment and development firm that acquires, entitles, develops, and dispositions residential, commercial, mixed-use, and data center projects across multiple U.S. states for institutional investors and national homebuilders.
- Ownership category
- akta.pro rank
Province Group industry classification
Industry- Product category
- Real Estate Development and Investment
- NAICS
- Lessors of Other Real Estate Property (53119), Offices of Real Estate Agents and Brokers (53121), Corporate, Subsidiary, and Regional Managing Offices (551114)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799), Operative Builders (1531)
- akta.pro primary industry
- Real Estate Management for Family Offices (Acquisition, Development, Property Ops) (FSAAADAI)
- akta.pro secondary industry
- Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)
Keywords
Where Province Group is headquartered
LocationHeadquarters
- HQ city
- Newport Beach
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Province Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure
Revenue model
- Real Estate Development and Disposition: Acquisition, entitlement, development, management, and disposition of residential, commercial, and mixed-use real estate projects. Revenue generated through sales of developed properties.
- Income-Producing Asset Ownership: Long-term ownership and management of income-generating real estate assets including multi-family apartments, commercial properties, and data center campuses.
- Data Center Development: Development and build-to-suit executions for hyperscale, enterprise and co-location providers. Revenue from land development and specialized data center campus development.
- Distressed Asset Acquisition and Repositioning: Capitalizing on adverse market conditions by acquiring financially troubled assets, repositioning them, and selling when market conditions improve for superior returns.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels3 records
Province Group product offering
Product offeringCore offering
Province Group is a privately held real estate investment and development firm that acquires, entitles, develops, manages, and disposes of residential, commercial, mixed-use, and data center real estate projects across multiple U.S. states. The firm provides full-lifecycle real estate services including land acquisition, entitlement processing, site development, asset management, and disposition for homebuilders, institutional investors, multi-family operators, and data center providers.
Product overview
Province Group is a diversified real estate investment and development firm offering a portfolio of property development services. The company specializes in residential development (single family homes, townhomes, multi-family apartments), commercial development, data center campus development, and mixed-use projects. Services encompass the full development lifecycle including acquisition, entitlement, development, management, and disposition of real estate assets. The company operates across multiple U.S. states including California, Colorado, Florida, Georgia, Ohio, Virginia, and Washington, with a focus on value-creation through creative development solutions, community-based involvement, market positioning, and professional project management. The company has completed over 75 projects with a combined value exceeding $850 million.
Differentiator
Problem solved
Functional benefit
Products and services
- Residential Real Estate Development Acquisition, entitlement, and development of residential real estate including master-planned communities, urban infill sites, single-family homes, townhomes, and multi-family apartments. Services are targeted at national homebuilders, residential developers, and institutional investors seeking entitled land and development sites in supply-constrained markets.
- Data Center Campus Development Build-to-suit execution of large-scale data center campuses including site assembly, entitlement, power and fiber procurement, and land use approvals. Targeted at hyperscale providers, enterprise data center operators, and co-location providers needing large campus sites with secured power and entitlements.
Quantifiable outcome
- Over 75 projects developed, renovated, and/or acquired with combined value exceeding $850 million
- +1 more outcomes
Companies that use Province Group
Customer profileNamed customers13 records
Segments5 records
Ideal customer profiles4 records
Province Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Province Group partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- John Laing HomescoreBuilder partner on Sailhouse project in Corona Del Mar. Major homebuilder with established development partnership.
- Pulte Home CorporationcoreMajor homebuilder partner with established relationship for transactions.
- Centex CorporationcoreMajor homebuilder partner with established relationship.
- Hovnanian EnterprisesminorMajor homebuilder with established transaction history.
- Richmond American HomescoreMajor homebuilder partner with established relationship.
- The Irvine CompanycoreMajor California master-planned community developer with established relationship.
- Trammell CrowcoreMajor commercial real estate developer with established transaction history.
- Wood PartnerscoreMulti-family developer partner with established relationship.
- Mid America Apartment CommunitiescoreMulti-family REIT partner with established relationship.
- UDR, Inc.minorMulti-family REIT with established transaction history.
- Jupiter CommunitiesminorReal estate developer with established transaction history.
- Bayer CorporationminorCorporate partner with established transaction history.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Province Group competitors and assessment
Company assessmentDirect peers
- Five Point Holdings: Master-planned community developer operating primarily in California with entitlement expertise and JV relationships with national homebuilders. Most direct comparable to Province Group's entitlement-led residential strategy in supply-constrained California markets.
- Shea Homes: Family-controlled California homebuilder and land developer with a comparable multi-generational, principal-driven model. Operates across residential, multi-family, and mixed-use product lines similar to Province Group's residential portfolio.
- Trammell Crow Company: Major commercial real estate developer with whom Province Group has transacted. Operates a similar value-add, principal-driven model across office, industrial, residential, and mixed-use in US growth markets.
- Wood Partners: Multi-family developer and a Province Group JV partner. Operates a ground-up development model focused on Class A apartments in US growth markets — direct overlap with Province Group's multi-family segment.
- Kennedy-Wilson: NASDAQ-listed real estate investment and services firm with whom Province Group has facilitated equity investment. Operates a principal-driven, value-add investment model across commercial and residential real estate closely paralleling Province Group's investment thesis.
- Brookfield Residential: Master-planned community and infill developer operating in supply-constrained US growth markets including California. Comparable in land entitlement focus, JV builder relationships, and mix of for-sale and rental product.
- Lennar Corporation: NYSE-listed homebuilder and major Province Group JV equity partner. Operates a national land development and homebuilding platform with direct overlap in residential product types, geographies, and builder-developer partnership structures.
Broad incumbents
- Toll Brothers: National luxury homebuilder with an integrated land development operation. Larger, public, and more geographically diversified but operates an adjacent entitlement-and-build model with similar JV homebuilder partnerships.
- DigitalBridge: Digital infrastructure-focused real estate investment manager and operator. Most relevant peer for Province Group's emerging data center campus development vertical, operating at significantly larger scale across hyperscale build-to-suit mandates.
Others
- CalPERS Real Estate: California Public Employees' Retirement System real estate investment arm and a Province Group capital partner. Acts as a large-scale institutional LP/JV partner in real estate development deals, representing the type of capital counterparty Province Group partners with.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Province Group social profiles
Digital presenceProvince Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Province Group leadership team
Management profileNumber of profiles
Profiles6 records
Province Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Province Group 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 Province Group
What does Province Group do?
Province Group is a privately held real estate investment and development firm that acquires, entitles, develops, manages, and disposes of residential, commercial, mixed-use, and data center real estate projects across multiple U.S. states. The firm provides full-lifecycle real estate services including land acquisition, entitlement processing, site development, asset management, and disposition for homebuilders, institutional investors, multi-family operators, and data center providers.
Is Province Group a public or private company?
Province Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Province Group founded?
Province Group was founded in 1991. It employs 1 to 10 people.
Where is Province Group based?
Province Group is headquartered in Newport Beach, United States, in the North America region.
How does Province Group make money?
Four revenue lines are on record. Real Estate Development and Disposition is the primary driver. The others are income-Producing Asset Ownership, data Center Development and distressed Asset Acquisition and Repositioning.
Who are Province Group's main competitors?
Direct peers on record are Five Point Holdings, Shea Homes, Trammell Crow Company, Wood Partners, Kennedy-Wilson, Brookfield Residential and Lennar Corporation. Broad incumbents are Toll Brothers and DigitalBridge. CalPERS Real Estate is listed as an others.
Does Province Group have an API?
No public API is recorded for Province Group.
What industry is Province Group in?
Province Group's product category is Real Estate Development and Investment. Its primary akta.pro industry code is FSAAADAI, Real Estate Management for Family Offices (Acquisition, Development, Property Ops), with a secondary code of BPAJADAJ, Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth). Its NAICS code is 53119 and its SIC code is 6552.