McGrath Real Estate Partners

What McGrath Real Estate Partners does

McGrath Real Estate Partners is a Houston, Texas-based real estate development and investment firm founded in 2018 by Michael S. McGrath after he sold his majority ownership in Asset Plus Corporation and Asset Campus Housing (now Asset Living) to focus on ground-up development. The firm develops and acquires multifamily apartments, purpose-built student housing communities, and single-family master-planned communities, and has developed or acquired over $2 billion in commercial, multifamily, and student housing assets across 14+ U.S. states and the Bahamas over the past 36+ years.

The firm's core products include Class A multifamily communities (e.g., Adora at Rosehill, 336 units in Tomball, TX; The James, 279 units in College Station, TX), purpose-built student housing (e.g., The Wyatt, 234 units/736 beds in Lubbock, TX; Elara at The Sawmill, 332 units in Flagstaff, AZ), and Riceland — a 1,500-acre master-planned community in Mont Belvieu, TX planned to deliver 4,500 homes. Ancillary services include acquisitions, construction management, development consulting, and property management. There is no proprietary technology platform; the firm's capabilities rest on underwriting, market analysis, design coordination, and construction oversight processes.

The revenue model is project-based and built on three pillars: (1) development fees and equity participation in joint-venture projects with institutional capital partners such as Kayne Anderson Real Estate Advisors and Trez Capital; (2) development consulting fees from external property owners (e.g., the 1,500-bed University of the Bahamas project); and (3) construction management and owner-representation services. Pricing is negotiated per engagement with no public pricing disclosed. The firm is family-owned with a lean 1–10 employee structure and operates through direct, relationship-driven outreach led by senior executives (CEO and CIO), with deal origination tied closely to Michael McGrath's personal network and institutional reputation.

Name

McGrath Real Estate Partners

Legal name

McGrath Real Estate Partners

Website

https://mcgrathrep.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Houston-based, family-owned real estate development firm founded by Michael McGrath in 2018, developing Class A multifamily, student housing, and master-planned communities through joint ventures with institutional capital partners across the U.S.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (531210)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Land & Development Site Brokerage (BPAJABAG)

Keywords

• Real estate development
• Multifamily housing
• Student housing
• Master-planned communities
• Construction management

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Development Fees & Joint Venture Equity: McGrath Real Estate Partners earns revenue through development fees and equity participation in joint-venture projects. The firm develops multifamily, student housing, and master-planned communities, retaining ownership interests and generating returns through property sales and ongoing asset management.
2. Acquisition & Underwriting Services: The firm provides acquisition services including evaluation, underwriting, investment strategy, value-add planning, market analysis, capital services, and construction management for institutional clients and joint-venture partners.
3. Development Consulting: McGrath acts as a development consultant on projects owned by other developers, overseeing design stages and managing general contractors from conception to completion, earning consulting fees.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

McGrath Real Estate Partners is a Houston-based real estate development and investment firm that develops, acquires, and manages multifamily apartments, purpose-built student housing communities, and master-planned residential communities such as the 1,500-acre Riceland project. The firm also provides acquisition underwriting, construction management, development consulting, and property management services for institutional investors and joint-venture partners. Revenue is generated through development fees, joint-venture equity participation, and consulting fees on projects across the United States and the Bahamas.

Product overview

McGrath Real Estate Partners is a Houston-based real estate development and investment firm operating a multi-product portfolio focused on three core verticals: multifamily apartments, student housing communities, and single-family master-planned communities. The company also provides integrated services including acquisitions, construction management, development consulting, and property management. Key named developments include Riceland (a 1,500-acre master-planned community in Mont Belvieu with 4,500 planned homes), The James (279-unit multifamily in College Station), The Wyatt (234-unit student housing in Lubbock), Adora at Rosehill (336-unit multifamily in Tomball), and The Crawford at Grand Morton (336-unit multifamily in Katy). The firm has developed or acquired over $2 billion in commercial, multifamily, and student housing across the United States, with projects spanning Texas, Arizona, Oregon, Florida, Mississippi, Arkansas, West Virginia, Missouri, Georgia, Iowa, Ohio, Colorado, Indiana, and the Bahamas.

Differentiator

Problem solved

Functional benefit

Products and services

• Multifamily Apartments

Named customers8 records

Segments5 records

Ideal customer profiles2 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, notable, core and supporting.

• Corvue HoldingsmajorStrategic or Co-development Partner · 1 December 2021McGrath Real Estate Partners and Corvue Holdings jointly developed and subsequently sold The Domain at Corvallis, a 292-unit Class A student housing community serving Oregon State University. Constructed in 2020 on approximately 48 acres.
• University of the BahamasnotableStrategic or Co-development Partner · 19 May 2021McGrath was engaged as development consultant for a 1,500-bed mixed-use student housing facility serving the University of the Bahamas in Nassau, Bahamas — the largest student housing property developed in the nation's history. Project includes food court, cybercafé, ballroom, theatre, retail, and fitness centers.
• Chesmar HomescoreChannel Partner/ Reseller/ DistributorChesmar Homes is one of four homebuilders actively constructing homes in Phases I and II of the Riceland master-planned community in Mont Belvieu, TX. Chesmar builds single-family homes on lots sold or leased by McGrath.
• David Weekley HomescoreChannel Partner/ Reseller/ DistributorDavid Weekley Homes is one of four homebuilders actively constructing homes in Phases I and II of the Riceland master-planned community in Mont Belvieu, TX.
• Highland HomescoreChannel Partner/ Reseller/ DistributorHighland Homes is one of four homebuilders actively constructing homes in Phases I and II of the Riceland master-planned community in Mont Belvieu, TX.
• Perry HomescoreChannel Partner/ Reseller/ DistributorPerry Homes is one of four homebuilders in the Riceland community, including the exclusive 80-foot lots fronting Eagle Point Golf Course. Homebuilders purchase or lease lots from McGrath and construct homes for sale to homebuyers.
• Palo Duro Commercial PartnerssupportingChannel Partner/ Reseller/ DistributorPalo Duro Commercial Partners handles retail leasing for The Millhouse, the 16,956 SF retail, restaurant, and office building within Riceland Town Center.
• Asset LivingsupportingImplementation/ SI/ Consulting PartnerAsset Living (formerly Asset Campus Housing, founded by Michael McGrath) provides property management services for some of McGrath's developed student housing communities, including Elara at The Sawmill, The Penwell (Odessa, TX), and Vox Tallahassee.
• CamWesT Crossing (Developer)majorStrategic or Co-development PartnerMcGrath is developing The James, a 279-unit Class A multifamily community, within the CamWesT Crossing master-planned mixed-use development in College Station, TX near Texas A&M Health Science Center. CamWesT Crossing is envisioned as a walkable, mixed-use environment with office, commercial, hotel, and residential uses.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Wood Partners: Wood Partners is one of the largest multifamily developers in the United States, with significant activity in Texas Sun Belt markets including Houston. It develops Class A multifamily communities through speculative and JV structures similar to McGrath's approach.
• JPI: JPI is a Dallas-based developer of Class A multifamily and student housing communities, operating nationwide. It shares McGrath's focus on institutional-grade development and JV partnerships with major capital providers.
• Land Tejas Companies: Land Tejas is a Houston-based master-planned community developer of large-scale residential communities in Texas. Mike Springs, McGrath's SFR Lot Development executive, was formerly CFO at Land Tejas, indicating direct operational overlap in MPC development.
• Embrey Partners: Embrey Partners is a San Antonio-based multifamily developer specializing in Class A garden-style and mid-rise apartment communities, with significant Texas presence. It shares McGrath's institutional JV approach and target renter demographics.

Broad incumbents

• Greystar: Greystar is the world's largest property management company with a significant development and investment arm operating across multifamily and student housing. As a broad incumbent, it competes for institutional capital and development opportunities that McGrath targets.
• Toll Brothers: Toll Brothers is a major national homebuilder with an active multifamily development arm. It competes for institutional capital, master-planned community opportunities, and Class A residential development sites in the same Sun Belt markets as McGrath.
• Trammell Crow Company: Trammell Crow Company (a CBRE affiliate) is one of the largest commercial real estate developers in the U.S., with multifamily and student housing development capabilities. As a broad incumbent, it competes for institutional capital and large-scale development opportunities nationwide.
• Lennar Corporation: Lennar is one of the largest U.S. homebuilders with a dedicated multifamily (Lennar Multifamily Communities) division. It directly competes for master-planned community development opportunities and residential land positions in Texas growth corridors.

Others

• Asset Living: Asset Living (formerly Asset Campus Housing) is a Houston-based national property manager founded by Michael McGrath. It currently manages several McGrath-developed student housing assets, providing operational synergy and a potential exit acquirer for stabilized properties.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/mcgrathrep

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

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 McGrath Real Estate Partners