What Radnor Property Group does

Radnor Property Group is a privately held real estate development firm founded in 1999 by David Yeager, headquartered in Villanova, Pennsylvania with regional offices in Charlotte, North Carolina and Portland, Maine. The company develops student housing, multifamily, mixed-use, and specialty real estate — including historic rehabilitations, boutique campus hotels, and district energy systems — through Public-Private Partnerships (P3) with colleges, universities, and hospital systems, alongside market-rate multifamily development in high-growth Northeast, Sunbelt, and Mountain West corridors. Since founding it has completed more than $4 billion in improvements across 9+ million square feet and serves 25+ higher education and healthcare institutions, including projects for the University of Akron, Duquesne University, Drexel University, the University of Pennsylvania, Lafayette College, Appalachian State, the University of Maine, and Meritus Health.

The firm operates on a hybrid revenue model that combines development fees, equity co-investment alongside institutional capital partners (Harrison Street Real Estate Capital, Artemis Real Estate Partners, and other insurance, pension, and family office investors), and ongoing asset ownership in completed developments, with property operations handled by third-party managers such as COCM and Bozzuto. Pricing is project-specific and not publicly disclosed; the firm positions itself as a fiduciary-first developer, emphasizing long-standing institutional relationships, repeat capital partners, and expertise in complex P3 structuring, land use, stakeholder management, and sustainability.

Strategic positioning is anchored by a programmatic JV with Artemis for Southeast multifamily (formed 2022), an enduring relationship with Harrison Street dating to 2018, and a 2025 backlog that includes the $161M University of Akron portfolio P3, the $187M Piazza at Ardmore mixed-use development, and a 468-bed P3 at the Meritus School of Osteopathic Medicine. Leadership combines CEO David Yeager's 40+ years of experience with a small partner-level team including COO Cole Yeager, P3 specialist Nick Allen, and Managing Director Tim Gigliotti.

Name

Radnor Property Group

Legal name

Radnor Property Group LLC

Website

https://radnorproperty.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

1–10 employees

Short description

Radnor Property Group is a privately held real estate developer specializing in Public-Private Partnership student housing and campus infrastructure for colleges, universities, and hospital systems, alongside market-rate multifamily developments in the Northeast, Sunbelt, and Mountain West, with $4B+ in completed improvements since 1999.

Ownership category

akta.pro rank

Headquarters

HQ city

Wayne

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Development Fees: Radnor earns development fees as developer for P3 projects and market-rate developments. The company invests its own equity alongside capital partners, aligning interests for successful financial outcomes.
2. Asset Ownership: Radnor develops, owns, and manages real estate assets including student housing, multifamily apartments, and mixed-use properties, generating rental income and asset appreciation.
3. Advisory Services: Selective real estate and infrastructure advisory services for major institutions, serving as fiduciary in undertaking master development projects on campuses.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Radnor Property Group is a real estate development and advisory company that develops, owns, and manages student housing, multifamily, mixed-use, and specialty real estate projects — primarily through Public-Private Partnerships (P3s) with colleges, universities, hospital systems, and other non-profit institutions. The firm co-invests its own equity alongside institutional capital partners (insurance companies, private equity, pension funds, family offices) and selectively provides real estate and infrastructure advisory services as a fiduciary for major institutional clients.

Product overview

Radnor Property Group operates as a real estate development company offering a portfolio of distinct property development services and project types rather than a unified software product. The company's offerings span four primary categories: (1) Student Housing Public-Private Partnerships (P3) with colleges, universities, and medical institutions; (2) Multifamily market-rate apartment communities; (3) Mixed-use residential and commercial developments; and (4) Specialty developments including campus hospitality (Hotel Ursa), corporate facilities, and historic rehabilitations. Key named projects include The Piazza at Ardmore, University of Akron Campus Housing Portfolio, Meritus Commons, Duquesne University McGinley Hall, The Hamilton (Phase I and II), Felson Apartments, Harborside at Lake Norman, and Hotel Ursa. The company also provides advisory services selectively to institutional clients and invests its own equity alongside capital partners.

Differentiator

Problem solved

Functional benefit

Products and services

• The Piazza at Ardmore A 270-unit, five-story mixed-use multifamily development featuring street-level retail space, public and private parking, and community amenities in Ardmore, Pennsylvania's high-growth suburban Philadelphia market. Developed as a co-development project with Piazza Property Development Company.
• University of Akron Campus Housing Portfolio Revitalization A comprehensive $161 million Public-Private Partnership (DBFOM delivery) encompassing nine existing student housing communities totaling 2,552 beds at the University of Akron, including renovations, demolition, and new construction.
• Meritus School of Osteopathic Medicine Student Housing (Meritus Commons) A 364-unit, 468-bed residential community totaling 360,000 square feet adjacent to the Meritus Health campus in Hagerstown, MD, serving Maryland's first new medical school in over 100 years.
• Duquesne University McGinley Hall An 11-story, 556-bed new construction student housing facility featuring studio, two-bedroom, and four-bedroom units with private bedrooms, LEED Silver certification, and ground-floor amenity spaces at Duquesne University.
• Appalachian State University The Innovation District A multi-phase campus development comprising faculty/staff housing (156 units, 175,000 SF), an interdisciplinary research facility (55,000 SF), and a carbon-zero district energy system delivered through a Public-Private Partnership with Harrison Street.
• The Hamilton (Phase I and II) A 503,000 square foot mixed-use development on Community College of Philadelphia's campus comprising two towers (10 and 16 stories), 576 total units, ground floor retail, and rooftop amenities.
• Felson Apartments A 264-unit, six-building multifamily rental community in Cranberry Township, PA, featuring nine-foot ceilings, stainless steel appliances, quartz countertops, private courtyard, pool, and fitness center.
• Harborside at Lake Norman A 182-unit active adult (55+) living community in Sherrills Ford, NC, comprising two residential buildings with clubhouse, rooftop lounge, fitness center, yoga studio, and courtyard with pool.
• Hotel Ursa (University of Maine) A 95-key independent hotel at the University of Maine featuring adaptive reuse of two historic 1880s buildings, extended-stay suites, bistro, meeting facilities, and fitness center.
• Vue32 (Drexel University) A 16-story, 176,000 SF mixed-use tower featuring a 180-person childcare facility on lower floors and 164 market-rate apartments marketed to Drexel graduate students, faculty, staff, and young professionals.
• Duquesne University St. Martin Hall Redevelopment of a 1960s dormitory into a suite-style configuration with 267 units and 323 beds featuring private bathrooms, kitchenettes, study spaces, and community kitchens at Duquesne University.
• Duquesne University Brottier Hall

Quantifiable outcome

• Over $4 billion in improvements completed since 1999
• +3 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered major, minor and core.

• Capstone On-Campus Management (COCM)majorChannel Partner/ Reseller/ DistributorProperty management partner for student housing projects. Manages day-to-day operations including maintenance and custodial duties while universities provide residence life programming. Currently operates on 40+ campuses across the US.
• Clemens Construction CorporationmajorOthersGeneral contractor for The Hamilton apartments project in Philadelphia
• Bozzuto Management CompanyminorChannel Partner/ Reseller/ DistributorLeasing agent for The Hamilton apartments project
• Piazza Property Development CompanycoreStrategic or Co-development PartnerCo-developer of The Piazza at Ardmore - $187M mixed-use project with 270 apartments and retail space
• Olympia Hotel ManagementmajorChannel Partner/ Reseller/ DistributorOperator of Hotel Ursa at University of Maine - Portland-based hospitality management company with campus hospitality expertise
• Archetype ArchitectsmajorImplementation/ SI/ Consulting PartnerDesign architect for Hotel Ursa project at University of Maine
• Wright-Ryan ConstructionmajorImplementation/ SI/ Consulting PartnerConstruction manager for Hotel Ursa project at University of Maine
• Atkin Olshin Schade ArchitectsmajorImplementation/ SI/ Consulting PartnerDesign architect for Lafayette College McCartney Street project
• Wohlsen Construction CompanymajorImplementation/ SI/ Consulting PartnerConstruction manager for Lafayette College McCartney Street project

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• American Campus Communities: The largest U.S. owner/developer of student housing (now Blackstone-owned), an established incumbent in the same campus housing category Radnor targets.
• Greystar: Global developer, owner, and manager of multifamily and student housing; offers overlapping development and rental capabilities at far larger scale across a broader portfolio.
• Gilbane Development Company: Develops student housing, mixed-use, and institutional facilities via P3s; a broad developer with overlapping campus and mixed-use development capabilities.

Direct peers

• Capstone Development Partners: On-campus student housing developer that structures P3s with colleges and universities, directly overlapping Radnor's core privatized campus housing development model.
• Servitas: Specializes in on-campus P3 student housing development and financing for higher-education clients, directly comparable to Radnor's P3 origination niche.
• Corvias: P3 developer and operator of campus and military housing and infrastructure, overlapping Radnor's public-private partnership and campus infrastructure expertise.
• The Michaels Organization: Privately held developer of student, affordable, and market-rate housing using P3 structures with universities and institutions, closely mirroring Radnor's mixed P3/multifamily model.
• Landmark Properties: National developer and owner of student housing communities; competes directly with Radnor for student housing development and ownership, though at larger scale.
• Balfour Beatty Campus Solutions: Develops and finances on-campus student housing and facilities through P3s with universities, directly competing for the same institutional mandates as Radnor.

Emerging players

• Scion Group: Owner-operator of student housing communities partnering with universities; overlaps Radnor in student housing though more focused on acquisition and operations than ground-up P3 development.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/radnor-property-group-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Radnor Property Group