Rhodes Development Group

What Rhodes Development Group does

Rhodes Development Group (RDG), founded in 1967 by John H. Rhodes, is a Camp Hill, Pennsylvania-based real estate development and holding company that operates through six wholly-owned subsidiaries delivering an integrated suite of real estate services to central Pennsylvania. Property Management, Inc. (PMI) is the largest real estate management company based in central Pennsylvania, managing approximately 17,000 residential units and six million square feet of commercial space under nearly 300 commercial and residential contracts. Capitol View Construction provides design, preconstruction, entitlements, permitting, and construction services for single-family, multifamily, and commercial projects for both RDG-affiliated entities and selected third-party clients. The remaining subsidiaries, CF Acri & Son (HVAC and plumbing since 1963), Capitol View Excavating and Paving, Capitol View Electric, and Brightline Painters, provide in-house trade capabilities primarily within a 50-mile radius of Harrisburg.

RDG generates revenue across multiple streams: one-time development and construction project revenue from build-to-suit and speculative projects, recurring managed services revenue through PMI property management contracts, and professional services revenue from the trade subsidiaries. Its go-to-market motion is direct enterprise sales targeting commercial and institutional clients (notably Penn National Insurance, Penn State Hershey Medical Center, Delta Dental of Pennsylvania, Keystone Financial, and Centre Community Hospital) for build-to-suit developments, alongside direct mid-market and residential relationships for property management and residential development. Pricing is project-specific and quote-based with no publicly disclosed pricing. In 2020 the company transitioned to a 100% Employee Stock Ownership Plan (ESOP) structure, aligning its 300+ professionals as co-owners. The company's underlying technology stack is described generically as real estate development and property management technology systems, with no proprietary software products, patents, or AI/ML capabilities disclosed.

Name

Rhodes Development Group

Legal name

Rhodes Development Group, Inc.

Website

https://rhodesdevelopmentgroup.com

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

251–500 employees

Short description

Rhodes Development Group is a central Pennsylvania real estate development and holding company that, through six wholly-owned subsidiaries, develops, constructs, manages, and services residential and commercial properties for enterprise and institutional clients across the region.

Ownership category

akta.pro rank

Product category

Real Estate Development and Property Management

NAICS

Real Estate Property Managers (53131), Nonresidential Property Managers (531312), Management of Companies and Enterprises (55111)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531), General Bldg Contractors - Residential Bldgs (1520), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industries

Construction Management (Agency/Owner’s Rep) (IMAFAAAC), Affordable Housing Property Management (BPAJAGAJ), Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Commercial real estate development
• Property management services
• Residential community development
• Commercial construction services
• Build-to-suit development

Headquarters

HQ city

Lemoyne

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development: RDG acquires assets and adds value through cost-effective construction and fiscally responsible management. The company invests in fundamentally sound real estate projects that provide reliable returns on investment for partners and shareholders.
2. Property Management: PMI manages approximately 17,000 residential units and six million square feet of commercial space under management contracts.
3. Construction Services: Capitol View Construction builds and renovates single family dwellings, multifamily projects and commercial buildings for RDG, PMI and selected third party clients. CVC manages everything from design/engineering, preconstruction, entitlements and permitting, construction and occupancy.
4. HVAC and Plumbing Services: CF Acri & Son provides HVAC and plumbing services to businesses and residents since 1963.
5. Sitework and Excavation Services: Capitol View Excavating and Paving provides expert sitework services to residential and commercial clients including digging, paving, concrete work and utility work.
6. Electrical Services: Capitol View Electric performs commercial and residential electrical work within a 50-mile radius of Harrisburg.
7. Commercial Painting Services: Brightline Painters provides high-quality painting services for new construction, building renovations, tenant fit-outs, and multifamily projects.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Rhodes Development Group is a real estate development and holding company (RDG Companies) that invests in fundamentally sound real estate projects and delivers them through six affiliated operating subsidiaries: Property Management, Inc. (PMI) for property management; Capitol View Construction for building and renovating single family, multifamily, and commercial projects; CF Acri & Son for HVAC and plumbing; Capitol View Excavating and Paving for sitework; Capitol View Electric for electrical work; and Brightline Painters for commercial painting. The parent company handles site acquisition, financing, design oversight, permitting, contractor selection, and ongoing property management, providing an end-to-end build-to-suit and management service for commercial and residential clients across central Pennsylvania.

Product overview

Rhodes Development Group (RDG) is a real estate development and holding company that operates through a portfolio of affiliated subsidiary brands. The parent company provides overarching development, acquisition, and investment services, while specialized operational divisions handle property management (Property Management, Inc.), construction (Capitol View Construction), HVAC/plumbing (CF Acri & Son), sitework/excavation (Capitol View Excavating and Paving), electrical services (Capitol View Electric), and painting (Brightline Painters). Together these subsidiaries build, manage, and service residential and commercial real estate throughout Pennsylvania.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Real Estate Development End-to-end build-to-suit commercial development for enterprise clients across central Pennsylvania, including site acquisition, financing arrangement, design oversight, permitting, contractor selection, construction, and move-in assistance. Delivered by RDG Companies across markets such as headquarters, medical facilities, financial institution offices, and warehouse/distribution facilities.
• Residential Real Estate Development Development of residential communities including apartments, townhomes, condominiums, senior living, and planned unit developments throughout central Pennsylvania.
• Property Management Services (PMI) Property Management, Inc. provides management services to approximately 17,000 residential units and six million square feet of commercial space under nearly 300 commercial and residential contracts in central Pennsylvania. Largest real estate management company in the region.
• Construction Services (Capitol View Construction) Builds and renovates single family dwellings, multifamily projects and commercial buildings for RDG, PMI and selected third party clients. Manages everything from design/engineering, preconstruction, entitlements and permitting, through construction and occupancy.
• HVAC and Plumbing Services (CF Acri & Son) Provides HVAC and plumbing services to businesses and residents of Pennsylvania since 1963. Known for courteous and knowledgeable staff, affordable pricing and high quality workmanship in the central Pennsylvania region.
• Sitework and Excavation Services (Capitol View Excavating and Paving) Provides expert sitework services to residential and commercial clients within a 50-mile radius of Harrisburg, PA, including digging, paving, concrete work and utility work.
• Electrical Services (Capitol View Electric) Performs commercial and residential electrical work for clients within a 50-mile radius of Harrisburg, PA.
• Commercial Painting Services (Brightline Painters) Cost-effective commercial painting company providing high-quality painting services for new construction, building renovations, tenant fit-outs, and multifamily projects.
• Professional Services (Acquisitions, Divestitures, Refinancing, Construction Management, Market Research) Professional services led by President Larry Kluger covering acquisitions, divestitures, refinancing, construction management, and market research for clients across central Pennsylvania. Direct contact via 717-730-7055.

Quantifiable outcome

• Successfully completed 14 medical buildings for Penn State Hershey over 15 years, with Penn State purchasing seven of the buildings from Rhodes Development Group
• +2 more outcomes

Named customers5 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

Six partnerships are on record, tiered core.

• Property Management, Inc. (PMI)coreOthersLargest real estate management company based in central Pennsylvania. Manages approximately 17,000 residential units and six million square feet of commercial space under nearly 300 commercial and residential contracts.
• Capitol View ConstructioncoreOthersBuilds and renovates single family dwellings, multifamily projects and commercial buildings for RDG, PMI and selected third party clients. Manages everything from design/engineering, preconstruction, entitlements and permitting, construction and occupancy.
• CF Acri & SoncoreOthersHVAC and plumbing contractor in business since 1963. Known for courteous and knowledgeable staff, affordable pricing and high quality workmanship in central Pennsylvania region.
• Capitol View Excavating and PavingcoreOthersExpert sitework services to residential and commercial clients within a 50-mile radius of Harrisburg, PA. Services include digging, paving, concrete work and utility work.
• Capitol View ElectriccoreOthersPerforms commercial and residential electrical work for clients within a 50-mile radius of Harrisburg.
• Brightline PainterscoreOthersCost-effective commercial painting company providing high-quality services for new construction, building renovations, tenant fit-outs, and multifamily projects.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Lincoln Property Company: National real estate services firm offering development, investment, and property management — overlaps with RDG's commercial development and PMI's commercial property management offerings.
• Toll Brothers: National luxury homebuilder and multifamily developer based in Fort Washington, PA — broader incumbent in residential construction and development that competes for similar customer segments.
• Greystar Real Estate Partners: Largest property management company in the U.S., managing multifamily and student housing — directly comparable to PMI's property management services but at vastly greater scale and geographic reach.
• K. Hovnanian Homes: National homebuilder with significant operations across the Northeast and mid-Atlantic — overlaps with RDG's residential land development and homebuilding exposure at a much larger scale.

Direct peers

• St. John Properties: Mid-Atlantic commercial real estate developer managing a portfolio of office, retail, and flex properties — comparable to RDG's commercial development and property management business across an overlapping region.
• The NRP Group: Multifamily developer and property manager focused on affordable and market-rate apartments — comparable to RDG's residential apartment development and ongoing PMI-managed multifamily portfolio.
• Bozzuto Group: Mid-Atlantic residential real estate developer, builder, and property manager — directly comparable to RDG on the residential development, multifamily, and property management side of the business.
• The High Companies: Lancaster, PA-based family of companies providing real estate development, construction, and property management across central Pennsylvania — a near-mirror of RDG's vertically integrated model in the same regional market.

Regional players

• Warfel Construction: Pennsylvania-based construction management firm serving healthcare, senior living, commercial, and education clients — comparable to RDG's build-to-suit and construction management capabilities.
• Wohlsen Construction Company: Lancaster, PA-based general contractor serving commercial, institutional, and senior living clients across the mid-Atlantic — directly comparable to Capitol View Construction's regional general contracting scope.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries6 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 Rhodes Development Group