Con Real

What Con Real does

Con-Real, LLC is a privately held, family- and Black-owned construction and real estate firm founded in 1979 by Gerald and Troy Alley Jr., headquartered in Arlington, Texas, and recognized as the largest Black-owned construction and real estate company in Texas. The firm operates as a full-service construction and program management contractor delivering Construction Management at Risk (CMAR), Construction Management Agency (CMA), Design-Build, General Contracting, and Program Management services across commercial, hospitality, healthcare, education, government, and infrastructure sectors. Its core technology stack integrates industry-standard platforms (ProCore, Bluebeam, Tririga) with its wholly-owned CR-Edge innovation subsidiary, which provides virtual tours, drone photography, time-lapse recording, and BIM coordination services.

The company's business model is project-based and contract-based, with revenue generated through three primary streams: Construction Management and General Contracting under GMP and cost-plus arrangements, professional services fees for Program Management and Consulting, and managed multisite program management retainers. Con-Real serves enterprise and Fortune 100 clients through relationship-based business development, competitive bidding, and long-standing client partnerships, operating from 10 regional offices and executing projects in all 50 states, including national programs for JPMorgan Chase (5,000+ locations) and Frito-Lay/PepsiCo (240 distribution centers). The firm is minority-owned with 32%+ M/WBE participation on major programs, and its customer base includes American Airlines, TIAA, Truist Bank, Loews Hotels, Kaiser Permanente, UCLA, JPS Health Network, Dallas College, and Texas Southern University.

Name

Con Real

Legal name

Con-Real, LLC

Website

https://con-real.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

101–250 employees

Short description

Con-Real is a privately held, Black-owned construction and program management firm founded in 1979, headquartered in Arlington, Texas, serving Fortune 100 enterprises, healthcare systems, universities, and government agencies with CMAR, design-build, and nationwide multisite program management across all 50 states.

Ownership category

akta.pro rank

Product category

Commercial Construction Services

NAICS

Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (5312)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Design-Build / EPC General Contracting (IMAFAAAD)

akta.pro secondary industry

Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE)

Keywords

• Construction management services
• Program management consulting
• Multisite construction programs
• Commercial general contracting
• Design-build construction services

Headquarters

HQ city

Arlington

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction Management & General Contracting: Con-Real generates revenue as a Construction Manager at Risk (CMAR), Construction Management Agency (CMA), Design-Build contractor, and General Contractor on construction projects. Revenue is project-based and derived from managing and executing construction work across commercial, hospitality, healthcare, education, and infrastructure sectors. Models include Guaranteed Maximum Price (GMP) contracts and cost-plus arrangements.
2. Program Management & Consulting Services: Con-Real provides program management, project planning, stakeholder coordination, cost and risk management, and consulting services including development strategy, capital advisory, and public-private partnership advisory. Revenue is earned through professional services fees, either as fixed-fee engagements or as part of integrated project delivery.
3. Multisite Management Services: Con-Real delivers nationwide multisite programs including surveys and site audits, refresh/rebrand/remodel programs, and installations and rollouts for clients with geographically dispersed portfolios. Revenue is generated through multi-site program management retainers and per-project fees.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Con-Real is a full-service construction and real estate firm delivering construction management (CMAR, CMA, Design-Build, General Contracting), program management, multisite management, and consulting services for enterprise clients. The company executes complex, large-scale construction projects and nationwide multi-site rollout programs across commercial, hospitality, healthcare, education, government, and infrastructure sectors, with all 50 states of operational reach.

Product overview

Con-Real is a boutique-style commercial construction and real estate firm offering integrated services across the built environment. The company operates through multiple service divisions—Consulting, Program Management, Multisite Management, Innovation & Technology (via CR-Edge), and Construction—alongside strategic sub-brands including CR-Edge for technology solutions and A-Squared for project development. Together, these offerings provide comprehensive construction, real estate, and related services from preconstruction through completion and program management.

Differentiator

Problem solved

Functional benefit

Brands

• CR-Edge: Con-Real's innovation and technology division specializing in construction photo documentation, drone photography, virtual tours, time-lapse recording, and BIM coordination services.

Products and services

• Construction Services Full-service construction delivery including Construction Manager at Risk (CMAR), Construction Management Agency (CMA), Design-Build, General Contracting, Regional & National Rollout Programs, and Public-Private Partnership arrangements, executed for enterprise clients across commercial, hospitality, healthcare, education, and government sectors.
• Program Management Comprehensive program management services covering Multisite Management, Project Planning & Development, Design & Preconstruction Oversight, Onsite Project Management, Contract & Stakeholder Coordination, Cost & Risk Management, and Closeout & Handover, designed for enterprise clients managing large-scale multi-site and capital programs.
• Multisite Management Nationwide multi-site program delivery including Surveys and Site Audits, Refresh/Rebrand & Remodels, and Installations and Rollouts across geographically dispersed portfolios, as exemplified by the JPMorgan Chase National Signage Program spanning 5,000+ locations in 48 states and the Frito-Lay nationwide building program covering all 50 states.
• Consulting Services Strategic consulting services leveraging expertise in capital development, global strategic planning, financial management, legal advisory, budgeting, and master planning, tailored to meet the unique needs of complex construction and real estate projects for enterprise clients.
• CR-Edge Innovation & Technology Construction technology services provided by CR-Edge, Con-Real's innovation and technology division, including Virtual Tours (24-hour turnaround, ProCore/Bluebeam integration), Construction Droning (licensed aerial footage), Time Lapse Recording (live online viewing), and BIM Coordination & 4D Rendering for project tracking and system coordination.

Quantifiable outcome

• Over $15 million in savings on an $80 million Wachovia Bank refurbishment program across 225 locations, with 32% M/WBE participation and an 'A' in client satisfaction.
• +3 more outcomes

Named customers15 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability4 records

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• Clark ContractorscoreStrategic or Co-development Partner · 1 December 2023Con-Real formed a joint venture with Clark Contractors (Clark/Con-Real CNA Joint Venture) to serve as Construction Manager at Risk for the Bill and Hillary Clinton National Airport Central Utility Plant project. The joint venture was awarded the top ranking among four responses received in a competitive process in December 2023. A guaranteed maximum price of approximately $96.3 million was approved by the airport commission in June 2025.
• The Cordish CompaniescoreStrategic or Co-development PartnerCon-Real has partnered with The Cordish Companies as a joint venture partner on major entertainment district developments in Arlington, Texas. Con-Real served as the joint venture partner and prime contractor for Texas Live! (a 200,000 SF dining and entertainment district) and Globe Life Field stadium projects, both flagship developments in Arlington's Entertainment District. The partnership represents a core strategic relationship for high-profile public-private partnership projects.
• Loews Hotels & Co.coreStrategic or Co-development PartnerCon-Real has developed a strong working relationship with Loews Hotels & Co., serving as prime contractor and joint venture partner for multiple hotel projects. Con-Real built Live! by Loews (14-story, 302-room flagship hotel) and subsequently completed the Loews Arlington Hotel & Convention Center as developer-builder. Loews representatives have provided testimonial endorsements of Con-Real's quality of work, accessibility, and community standing.
• A-SquaredminorStrategic or Co-development PartnerA-Squared is a national project development firm founded by Gerald Alley of Con-Real and Sam Alley of VCC. The firm specializes in public-private partnerships that deliver inclusive, community-focused developments across the country. A-Squared represents a related entity through shared founding leadership rather than a traditional external partnership.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• AECOM: Global infrastructure-services firm with a large construction services arm (AECOM Hunt) covering sports, hospitality, aviation, and P3 delivery. Comparable at the program/services layer though at vastly larger scale than Con-Real.
• Balfour Beatty: Global infrastructure and construction group with US operations in commercial building, rail, and civil infrastructure. Operates adjacent to Con-Real in commercial construction and P3 advisory while being much larger and geographically broader.
• Turner Construction Company: Largest US general contractor and a wholly-owned subsidiary of HOCHTIEF. Operates across the same verticals as Con-Real (commercial, healthcare, sports, education) but at materially larger scale and balance-sheet capacity.

Direct peers

• McCarthy Building Companies: Privately-held national GC with deep healthcare, education, and commercial practices. Comparable to Con-Real in scale, ownership structure (employee-owned), and diversified enterprise client base.
• H.J. Russell & Company: Large Black-owned, family-led national general contractor and real estate developer headquartered in Atlanta. Closely comparable to Con-Real as a minority-owned enterprise delivering commercial, aviation, sports, and mixed-use construction with program management capability.
• Manhattan Construction Group: Family-owned national GC with significant sports, hospitality, healthcare, and government work. Closely comparable in ownership structure, project types (sports venues, hotels, civic), and relationship-driven enterprise sales motion.
• Brasfield & Gorrie: Privately-held national GC with strong healthcare, commercial, and multi-family portfolios. Comparable to Con-Real in size, private ownership, and emphasis on long-tenure enterprise relationships.
• Clark Construction Group: Major privately-held US general contractor with national reach across commercial, healthcare, aviation, and infrastructure. Con-Real has actually JV'd with Clark on the Clinton National Airport Central Utility Plant, making them a directly comparable GC partner/competitor.
• Gilbane Building Company: Family-owned national GC and facility-services provider with strong education, healthcare, and public-sector practices. Comparable to Con-Real in private family ownership and program management depth.
• Hensel Phelps: Employee-owned national GC with significant aviation, healthcare, commercial, and sports/entertainment work. Directly comparable in project types and integrated program/construction delivery model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/conreal

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Con Real