Wright Development
Wright Development Group is a Centerville, Utah-based real estate developer founded in 1994 that develops, manages, and leases multi-family, retail, and office properties across the Wasatch Front and Idaho, serving national retail tenants and residential renters via an integrated acquisition-through-disposition platform.
- Company typePrivate
- Founded1994
- HeadquartersCenterville, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Wright Development does
Wright Development Group, Inc. is a Centerville, Utah-based real estate development firm founded in 1994 that provides integrated real estate services across the Wasatch Front in Utah and into Idaho. The company operates across three property categories—multi-family residential, retail, and office—and delivers end-to-end capabilities spanning site acquisition, build-to-suit construction, fee development, property management (through the affiliated Somerset Property Management entity), and consulting, serving both its own balance sheet and third-party owner clients.
Over its 30+ year operating history, Wright Development has developed more than 2,000,000 square feet of commercial real estate and currently manages a portfolio exceeding 600,000 square feet with a stated value above $100 million. The firm's business model combines direct development (build-and-hold or build-and-sell), fee development for institutional and private owners, and recurring property management, creating a vertically integrated platform that captures both development profit and ongoing management income streams.
The company serves a diversified base of national retail tenants (including 7-Eleven, Target, Walmart, and other named brands) for its commercial portfolio alongside a growing multi-family residential pipeline that includes Orem Art Lofts, 421 Lofts, Altitude, Via, and Capri. Wright Development is privately held, does not disclose headcount or financial results, and competes in the Mountain West regional mid-market against other local and regional developers and owner-operators.
Wright Development firmographics
Firmographics- Name
- Wright Development
- Legal name
- Wright Development Group, Inc.
- Website
- https://wrightdevelopment.com
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Wright Development Group is a Centerville, Utah-based real estate developer founded in 1994 that develops, manages, and leases multi-family, retail, and office properties across the Wasatch Front and Idaho, serving national retail tenants and residential renters via an integrated acquisition-through-disposition platform.
- Ownership category
- akta.pro rank
Wright Development industry classification
Industry- Product category
- Commercial Real Estate Development
- NAICS
- Land Subdivision (23721), New Multifamily Housing Construction (except For-Sale Builders) (236116), Architectural, Engineering, and Related Services (5413)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Nonresidential Buildings (6512), General Bldg Contractors - Nonresidential Bldgs (1540)
- akta.pro primary industry
- Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)
Keywords
Where Wright Development is headquartered
LocationHeadquarters
- HQ city
- Centerville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Wright Development business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D
Revenue model
- Development Services: Comprehensive development services including acquisition, due diligence, entitlements, design management, construction management, leasing, marketing, asset management, and disposition. Services range from single-tenant build-to-suit to large mixed-use projects.
- Build-to-Suit and Fee Development: Build-to-suit services for national and regional tenants with various deal structures including net lease arrangements. Fee development as preferred developer for existing landlord parcels.
- Property Management: Full-service property management through affiliated entity Somerset Property Management, servicing retail and office properties. Manages tenant relationships, property maintenance, and ongoing asset optimization.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Wright Development product offering
Product offeringCore offering
Wright Development is a Utah-based commercial real estate development firm providing comprehensive services including acquisition, due diligence, entitlements, design management, construction management, leasing, marketing, asset management, and disposition for retail, office, and multi-family projects. The company also provides full-service property management through its affiliated entity Somerset Property Management, currently servicing over 600,000 square feet of retail and office properties valued in excess of $100,000,000. With over 30 years of experience, the firm has developed or is developing over 2,000,000 square feet of commercial space.
Product overview
Wright Development is a Utah-based real estate development firm offering a unified platform of development and property management services. The company's core offerings include Development Services (acquisition, due diligence, entitlements, design management, construction, leasing, asset management, and disposition), Property Management (via affiliated entity Somerset Property Management), and specialized development in three property categories: Multi-Family Residential, Retail Development, and Office Development. The portfolio includes multiple named multi-family residential projects such as Block 44, The Pointe, Viewpointe, Aria, Coventry Townhomes, The Heights at Legend Hills, Aspire, Orem Art Lofts, 421 Lofts, Altitude, Via, and Capri, ranging from completed complexes to projects in development. The company has developed over 2,000,000 square feet of commercial retail space and manages more than 600,000 square feet of retail and office properties.
Differentiator
Problem solved
Functional benefit
Products and services
- Development Services Comprehensive real estate development services including acquisition, due diligence, entitlements, design management, construction and cost management, leasing and marketing, asset management, property management, and disposition for retail, office, and multi-family projects.
- Property Management Professional full-service property management provided through affiliated entity Somerset Property Management, servicing over 600,000 square feet of retail and office properties valued in excess of $100,000,000.
- Build-to-Suit Services Net lease and build-to-suit services for national and regional tenants throughout the Wasatch Front, with open book full transparency approach to deal structuring.
- Fee Development Preferred developer services for parcels where clients already have a landlord, executing fee development on their behalf.
- Development Consulting Services Development consulting services including market strategy, site selection, due diligence, acquisition, entitlements, permitting, construction management, project financing, and disposition.
- Multi-Family Residential Development Multi-family residential complexes including apartments and townhomes, ranging from small townhome designs to downtown high-rises for high-density living solutions.
- Retail Development Retail projects including single-tenant build-to-suit opportunities, neighborhood grocery-anchored centers, and large mixed-use projects. The company has developed over 2,000,000 square feet of commercial retail space.
- Office Development Premier office building development including general office and medical office complexes, providing long-term ownership and management objectives with quality design and construction.
Companies that use Wright Development
Customer profileNamed customers44 records
Segments5 records
Ideal customer profiles3 records
Wright Development technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Wright Development partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Somerset Property ManagementcoreAffiliated property management entity providing professional full-service property management for retail and office properties. Somerset's management team services a diverse portfolio of more than 600,000 square feet of properties valued in excess of $100,000,000.
Scale indicators4 records
Recent moves5 records
Expansion highlights5 records
Wright Development competitors and assessment
Company assessmentDirect peers
- Hamilton Company: Multi-family and mixed-use developer with significant Utah/Western U.S. portfolio. Comparable in scale of multifamily developments and integrated development/ownership strategy.
- The Boyer Company: Utah-based full-service real estate developer with multi-family, retail, office, and mixed-use projects across the Wasatch Front. Most direct comparable given shared geography, property types, and integrated development-ownership approach.
- Gardner Company: Idaho-based commercial real estate developer active in retail, office, multifamily, and healthcare with regional reach into Utah. Comparable in tenant-led build-to-suit and mixed-use development approach.
- Woodbury Corporation: Family-owned Utah-based developer of retail, office, industrial, and residential properties in the Intermountain West. Comparable in integrated build-own-manage model and regional concentration.
Broad incumbents
- Brixmor Property Group: Public open-air shopping center REIT with national grocery-anchored retail portfolio. Comparable as a buyer/operator of the type of retail assets Wright develops, and as a benchmark for retail development economics.
- CBRE Group: Global commercial real estate services and investment firm. Comparable as a broader incumbent offering development, property management, and brokerage services across geographies.
- JLL (Jones Lang LaSalle): Global real estate services firm offering development, investment management, and property management. Comparable as a broader incumbent with overlapping capabilities in development and asset management.
- Regency Centers: National grocery-anchored shopping center REIT and developer. Comparable on grocery-anchored community retail that closely matches Wright's neighborhood shopping center strategy.
Regional players
- EDGEHomes (formerly Edge Homes): Utah-based residential developer building single-family and multifamily communities across the Wasatch Front. Compares on regional development pipeline and local market positioning.
- Ivory Homes: Utah's largest homebuilder, focused on single-family residential and master-planned communities. Compares on Wasatch Front residential development capabilities and long operating history.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Wright Development social profiles
Digital presenceWright Development financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wright Development leadership team
Management profileNumber of profiles
Wright Development subsidiaries and ownership
Company hierarchySubsidiaries1 record
Wright Development funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wright Development 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 Wright Development
What does Wright Development do?
Wright Development is a Utah-based commercial real estate development firm providing comprehensive services including acquisition, due diligence, entitlements, design management, construction management, leasing, marketing, asset management, and disposition for retail, office, and multi-family projects. The company also provides full-service property management through its affiliated entity Somerset Property Management, currently servicing over 600,000 square feet of retail and office properties valued in excess of $100,000,000. With over 30 years of experience, the firm has developed or is developing over 2,000,000 square feet of commercial space.
Is Wright Development a public or private company?
Wright Development is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Wright Development founded?
Wright Development was founded in 1994. It employs 1 to 10 people.
Where is Wright Development based?
Wright Development is headquartered in Centerville, United States, in the North America region.
How does Wright Development make money?
Three revenue lines are on record. Development Services are the primary driver. The others are build-to-Suit and Fee Development and property Management.
Who are Wright Development's main competitors?
Direct peers on record are Hamilton Company, The Boyer Company, Gardner Company and Woodbury Corporation. Broad incumbents are Brixmor Property Group, CBRE Group, JLL (Jones Lang LaSalle) and Regency Centers. Regional players are EDGEHomes (formerly Edge Homes) and Ivory Homes.
Does Wright Development have an API?
No public API is recorded for Wright Development.
What industry is Wright Development in?
Wright Development's product category is Commercial Real Estate Development. Its primary akta.pro industry code is BPAJAMAL, Real Estate Development Asset Management (Project/Construction-to-Stabilization). Its NAICS code is 23721 and its SIC code is 6552.