Framework Group
Framework Group is a Tampa, Florida-based multifamily real estate firm that develops, builds, and consults on high-density apartment communities across Florida and South Carolina, serving private equity investors, municipalities, and residents across luxury, market-rate, and affordable/workforce housing segments.
- Company typePrivate
- Founded-
- HeadquartersTampa, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Framework Group does
Framework Group is a Tampa, Florida-based privately held multifamily real estate firm operating three integrated service lines: development, construction (general contracting), and consulting. The company identifies, entitles, finances, and builds high-density apartment communities in Florida and (more recently) South Carolina, spanning luxury, market-rate, and affordable/workforce housing segments. Its development approach emphasizes complex infill sites with political, regulatory, site design, or environmental challenges, and it actively structures public-private partnerships, leveraging HUD programs, tax-increment financing, and CRA collaborations with municipalities including Tampa, Bradenton, Lakeland, and Daytona Beach.
The company operates as a full-stack developer and self-performs general contracting on its own projects (and selectively for third parties) using sustainable construction practices such as Energy Star appliances, low-flow plumbing, low-e windows, and solar-powered common hot water. Notable completed and in-development properties include Arcos (Sarasota), 500 Harbour Island (Tampa), Solstice (Orlando), Shadetree (Ruskin), Mirrorton (Lakeland), Varela (Tampa), The Met (Bradenton, affordable/workforce housing), The Lucent (Orlando), and the Charles (Spartanburg, SC), with aggregate disclosed project values exceeding $300 million. A consulting arm advises private equity ownership groups on renovation strategy and construction oversight for assets such as Sunset Lakes.
The firm generates revenue through development fees, construction/general contractor margins, and consulting/advisory fees, with project completions and dispositions (e.g., the $103.45 million sale of 500 Harbour Island in 2019 and the $80 million sale of Arcos in 2021) providing episodic lumpiness. The company is founder-led by Phillip A. Smith, a Harvard-trained, LEED-Accredited architect and licensed Florida General Contractor, and operates with a small (1-10 employee) core team supplemented by partner capital (Forge Capital Partners, Northwood Ravin, Pearl Homes, DDA Development) and institutional brokers (JLL, Walker & Dunlop) on individual transactions. It also runs The Porchlight Foundation, providing pro-bono housing development for the homeless.
Framework Group firmographics
Firmographics- Name
- Framework Group
- Legal name
- Framework Group LLC
- Website
- https://frameworkgroup.net
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Framework Group is a Tampa, Florida-based multifamily real estate firm that develops, builds, and consults on high-density apartment communities across Florida and South Carolina, serving private equity investors, municipalities, and residents across luxury, market-rate, and affordable/workforce housing segments.
- Ownership category
- akta.pro rank
Where Framework Group is headquartered
LocationHeadquarters
- HQ city
- Tampa
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Framework Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Others
Revenue model
- Development Fees: Fees earned from developing multifamily housing projects, including acquisition, approvals, financing, and overseeing development activities
- General Contracting Services: Construction management and general contractor services for multifamily developments
- Consulting Services: Advisory services to private equity ownership groups on development and construction strategy
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Framework Group product offering
Product offeringCore offering
Framework Group is a Tampa-based multifamily real estate firm operating three integrated service lines: (1) Multifamily Apartment Development — site identification, approvals, financing, and development of luxury, workforce, and affordable apartment communities; (2) Framework Construction — general contracting and construction management for its own developments and third-party multifamily projects, including green building practices; and (3) Framework Consulting — advisory services to private equity ownership groups on development strategy, construction oversight, and renovation approaches.
Product overview
Framework Group is a multifamily development, construction, and consulting firm that develops and builds high-density housing in Florida and South Carolina. The company's portfolio consists of three integrated service lines: (1) Multifamily Apartment Development — identifying sites, obtaining approvals, and developing apartment communities across market-rate, luxury, and affordable/workforce housing segments; (2) Framework Construction — acting as general contractor for its own developments and third-party clients, managing new construction and rehabilitation projects including green building practices; and (3) Framework Consulting — providing advisory and owner-representative services to private equity ownership groups. The company has completed multiple named apartment communities including Arcos (Sarasota), 500 Harbour Island (Tampa), Solstice (Orlando), Shadetree (Ruskin), Novus (Tampa), Mirrorton (Lakeland), Varela (Tampa), The Napier (Daytona Beach), The Wilds (Wildwood), The Charles (Spartanburg), The Emerson (Tampa), The Lucent (Orlando), Silversaw (Wesley Chapel), Cirrus (Cocoa), The Met (Bradenton), and 400 Beach (Daytona Beach), with Lakehouse (Leesburg) in development.
Differentiator
Problem solved
Functional benefit
Products and services
- Multifamily Apartment Development
- Framework Construction
- Framework Consulting
Quantifiable outcome
- Developed over 3,500 apartments in challenging regulatory environments
- +1 more outcomes
Companies that use Framework Group
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles2 records
Framework Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Framework Group partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Forge Capital PartnerscorePartnership with Forge Capital Partners, a Tampa-based diversified real estate investment firm, to develop Arcos - a 228-unit luxury apartment community in Sarasota, FL. The $80 million project was developed jointly and later sold to Snell Properties.
- Northwood RavincoreDevelopment partnership with Northwood Ravin for Lucent at Sunrise (465-unit upscale apartment development in Orlando) and The Emerson (180-unit waterfront development on Rocky Point in Tampa).
- Walker & DunlopcoreWalker & Dunlop marketed Arcos on behalf of Framework Group and Forge Capital Partners and procured the buyer, Snell Properties, of Arlington, VA.
- JLL (Jones Lang LaSalle)coreJLL closed the $103.45 million sale of 500 Harbour Island luxury apartment community in Tampa on behalf of Framework Group.
- Pearl HomescoreCo-development partnership with Pearl Homes and the City of Bradenton Community Redevelopment Agency for The Met - 200 affordable and workforce housing units in Bradenton, FL.
- DDA DevelopmentcoreJoint venture partnership with DDA Development for purchase, rehabilitation and re-leasing of apartment projects including Cypress Landing (36 units) and Mariposa (38 units) in Tampa, FL, funded through HUD's Community Development Block Grant and Neighborhood Stabilization Program.
- City of BradentoncorePublic-private partnership with City of Bradenton Community Redevelopment Agency for The Met workforce housing project, utilizing tax-increment financing, abatement of impact fees, and waivers to parking requirements.
- City of TampacorePartnership with City of Tampa and HUD's Neighborhood Stabilization Program for rehabilitation projects including Marisol (24-unit affordable project) and other developments.
- Barclay GroupminorMentioned as part of the development team for Mirrorton apartments in Lakeland, FL.
- Flournoy Construction GroupminorConstruction partner for Mirrorton apartments, a $61 million urban apartment development in downtown Lakeland, FL.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Framework Group competitors and assessment
Company assessmentDirect peers
- Pearl Homes: Florida-based residential developer partnered with Framework on The Met workforce housing project. Comparable focus on sustainable, mixed-income Florida communities and CRA partnerships.
- Wood Partners: National multifamily developer actively building Class A apartment communities across the Southeast and Sunbelt, directly competing with Framework for sites and capital in Florida markets.
- Crescent Communities: Multifamily developer with a strong Southeast U.S. footprint, building Class A apartment communities similar to Framework's Florida and South Carolina projects.
- JPI: National multifamily developer where Framework founder Phillip Smith previously served as Senior Development Manager. Operates a similar develop-build model for Class A multifamily housing.
- Crosland: Charlotte-based private real estate development firm where Phillip Smith established the Florida multifamily office prior to founding Framework. Comparable integrated development, construction, and investment platform.
- Quarterra (formerly Lennar Multifamily Communities): Multifamily development arm where Director of Development Thomas Sexton previously worked. Develops market-rate and luxury rental communities across the Southeast with a comparable vertically integrated model.
- The Related Group: One of Florida's largest multifamily developers, with deep municipal relationships and a luxury/affordable mix similar to Framework's positioning in the same geographic markets.
- Lincoln Property Company: National multifamily developer, third-party manager, and general contractor, directly comparable to Framework's integrated development, construction, and consulting offerings.
- Mill Creek Residential: Large multifamily developer with strong Sunbelt presence, building luxury and market-rate apartment communities comparable to Framework's high-density Florida portfolio.
Broad incumbents
- Greystar Real Estate Partners: Largest U.S. multifamily developer, operator, and investment manager. Frames Framework's market and provides context on the scale and capital advantages the smaller firm must compete against.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Framework Group social profiles
Digital presenceFramework Group compliance and trust
Trust signalCompliance2 records
Framework Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Framework Group leadership team
Management profileNumber of profiles
Profiles5 records
Framework Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Framework 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 Framework Group
What does Framework Group do?
Framework Group is a Tampa-based multifamily real estate firm operating three integrated service lines: (1) Multifamily Apartment Development — site identification, approvals, financing, and development of luxury, workforce, and affordable apartment communities; (2) Framework Construction — general contracting and construction management for its own developments and third-party multifamily projects, including green building practices; and (3) Framework Consulting — advisory services to private equity ownership groups on development strategy, construction oversight, and renovation approaches.
Is Framework Group a public or private company?
Framework Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Framework Group founded?
Framework Group was founded in -1. It employs 1 to 10 people.
Where is Framework Group based?
Framework Group is headquartered in Tampa, United States, in the North America region.
How does Framework Group make money?
Three revenue lines are on record. Development Fees are the primary driver. The others are general Contracting Services and consulting Services.
Who are Framework Group's main competitors?
Direct peers on record are Pearl Homes, Wood Partners, Crescent Communities, JPI, Crosland, Quarterra (formerly Lennar Multifamily Communities), The Related Group, Lincoln Property Company and Mill Creek Residential. Greystar Real Estate Partners is listed as a broad incumbent.
Does Framework Group have an API?
No public API is recorded for Framework Group.