What WB Property Group does

WB Property Group is a privately held real estate owner-developer headquartered in SoHo, New York City, focused on value-add repositioning and ground-up multifamily development across multiple US markets with recent expansion into the UK. The company manages the full development lifecycle in-house, covering pre-development, entitlements, design, financing, construction management, and asset management, with a portfolio spanning 18+ projects across residential rental, for-sale housing, mixed-use office/retail, hospitality, marina, and land development asset classes.

The company's core technology is its integrated real estate development and construction management capability rather than any software platform. It generates revenue through two primary streams: one-time development and sale of completed properties, and recurring rental income from stabilized long-term-hold assets. Active and pipeline projects include Aventine Northshore (246 units, Knoxville, TN), Marina Riverbend (203 units, League City, TX), Lofts at Grand Prairie (676 units, Grand Prairie, TX), Round Rock (410 units plus 19 townhomes, Round Rock, TX), Lofts at Lakeland (299 units, Lakeland, FL), the 150-key Aloft Hotel in League City, and the 60-slip Marina at Clear Creek. The portfolio also includes stabilized NYC mixed-use assets such as 495 Broadway (100,000 sqft office/retail in SoHo) and a cluster of East Village walkup buildings.

Its business model targets institutional partners and end-user tenants/buyers through an enterprise field sales motion, with distribution via direct development, sales, and long-term hold. Pricing is quote-based and project-specific, reflecting custom development economics. The customer base is horizontally segmented across multifamily developers and investors (primary), housing associations and government partners (notably the Midland Heart £18.6M affordable housing contract in Birmingham, UK, the largest in company history), and commercial real estate. The Weinstein family controls the company through executives Robert Weinstein and David Weinstein, with a lean operating team of 1-10 employees.

Name

WB Property Group

Legal name

WB Property Group

Website

https://wbpropertygroup.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

WB Property Group is a privately held, family-controlled real estate owner-developer in New York that performs value-add repositioning and ground-up multifamily, mixed-use, hospitality, and marina developments across multiple US markets and the UK.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Real Estate Property Managers (53131), Nonresidential Property Managers (531312), Residential Property Managers (531311), Lessors of Real Estate (5311)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), Operators Of Apartment Buildings (6513)

akta.pro primary industry

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

akta.pro secondary industry

Residential Real Estate Asset Management (BPAJAMAA)

Keywords

• Multifamily development
• Real estate development
• Construction management
• Asset management
• Property investment

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development and Sales: The company develops multifamily, residential, retail, office, and hospitality properties for sale or long-term hold. Revenue is generated through property sales, rental income from stabilized assets, and development fees.
2. Rental Income: Long-term hold of developed properties generating recurring rental income from multifamily and commercial tenants.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

WB Property Group is an owner-developer of real estate that performs value-add repositioning and ground-up development of multifamily, mixed-use, retail, office, hospitality, and marina assets. The company drives all aspects of execution including pre-development, entitlements, design, financing, and construction management, continuing through operations and asset management. Revenue is generated through property sales, rental income from stabilized assets, development fees, and affordable housing partnership contracts.

Product overview

WB Property Group is an owner-developer of real estate offering a diversified portfolio of residential, mixed-use, hospitality, and land development projects across the United States. The company's product portfolio includes: (1) Ground-up multifamily rental developments such as Aventine Northshore (246 units, Knoxville TN), Marina Riverbend (203 units, League City TX), The Riverview (298 units, League City TX), Lofts at Grand Prairie (676 units, Grand Prairie TX), Lofts at Lakeland (299 units, Lakeland FL), and Round Rock (410 units, Round Rock TX); (2) For-sale housing including Cayuga Way (28 luxury homes, Ithaca NY); (3) Mixed-use properties including 495 Broadway (100,000 sqft office/retail, NYC), 499 Broadway (residential/retail, NYC), and multiple East Village properties; (4) Hospitality including the Aloft Hotel (150 keys, League City TX); (5) Marina development including The Marina at Clear Creek (60 slips, League City TX); and (6) Land development including Cayuga Orchard (30 acres, Ithaca NY). The company also develops office and retail components as part of mixed-use waterfront projects. WB Property Group focuses on value-add repositioning and ground-up development, managing all aspects from pre-development through construction and asset management.

Differentiator

Problem solved

Functional benefit

Products and services

• Aventine Northshore Ground-up development of 246 luxury multifamily rental residences on the banks of the Tennessee River in Knoxville, Tennessee. The stabilized asset achieved 99% occupancy within 6 months of opening.
• Marina Riverbend Ground-up development of 203 luxury rental residences overlooking the water on Clear Creek leading out to Galveston Bay in League City, Texas. Project is complete and stabilized.
• 495 Broadway Fashion-oriented core luxury asset totaling approximately 100,000 sqft with ground-floor retail and office space above. Built in 1893 in the Art Nouveau style and located in the heart of SOHO, New York.
• Cayuga Way 28-lot luxury home community located in the Lansing neighborhood of Ithaca, New York, 15 minutes from Downtown Ithaca, Cornell University, and Ithaca College. All wooded lots on Tigerlily Lane.
• Cayuga Orchard 30-acre parcel in Lansing, a suburb of Ithaca, New York. WB purchased raw farm land and successfully brought it through the approval process to rezone for multifamily development.
• 499 Broadway Gut-renovated residential building with a retail store on the ground floor and apartments above. Stabilized asset with prime retail and luxury residential, with entrances on Mercer St and Broadway in SOHO, New York.
• 39 Clarkson Street Reposition of a former chocolate factory located two blocks from Google's future HQ in Hudson Square, New York. True gut renovation with all new windows, elevators, and exposed beams for build-to-suit or turn-key luxury office space.
• 406 West 39th Street 8-apartment residential building located in the fast-developing Hudson Yards submarket of Manhattan, New York. WB renovated the residential units and was set to renovate and reclad the facade.
• 94 St Marks Renovated 8-apartment residential building with ground floor retail, located on one of East Village's most famous blocks in New York.
• 116 St Marks Prime retail and residential walkup building on one of the East Village's most famous blocks in New York. WB renovated, repositioned, and leased all units within 3 months.
• 116 Suffolk Street 5-story mixed-use building located on the east side of Suffolk Street between Rivington and Delancey Street in New York.
• 155 Rivington Street Gut renovation of a mixed-use walkup located on one of the East Village's most famous blocks in New York.
• 241-243 W 75th Street Two side-by-side townhouses on a prime Upper West Side block being repositioned as an 18-apartment luxury rental property in New York. Undergoing gut renovation.
• 317 E 5th Street Charming 18-apartment building with a store on a quiet East Village block in New York, four avenues west of NYU. Undergoing gut renovation.
• The Marina at Clear Creek 60-slip marina under construction providing direct access to Galveston Bay via Clear Creek in League City, Texas. Equipped with floating docks, boat launch, water-side restaurants, and 24-hour surveillance.
• Midland Heart Affordable Housing Development (Rubery, Birmingham) Development of 70 affordable homes (58 houses and 12 apartments) on a 5.6-acre site in Rubery, Birmingham, delivered under an £18.6 million partnership contract with Midland Heart housing association — the largest contract in WB Property Group's two-year history.

Quantifiable outcome

• Achieved 99% occupancy within 6 months of opening at Aventine Northshore

Named customers2 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

One partnership is on record.

• Midland Heart Housing AssociationcoreStrategic or Co-development Partner · 5 May 2026Partnership with Midland Heart housing association for the development of 70 affordable homes in Rubery, Birmingham. This £18.6 million contract represents the largest contract in WB Property Group's two-year history, involving development of 58 houses and 12 apartments on a 5.6-acre site.

Scale indicators3 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• L+M Development Partners: NYC-based owner-developer specializing in affordable and market-rate multifamily and mixed-use projects, with in-house capabilities from pre-development through asset management — directly comparable in mission, scale, and asset mix to WB Property Group.
• Naftali Group: Privately held New York real estate developer focused on ground-up luxury residential and mixed-use projects — closely mirrors WB's NYC multifamily/mixed-use development playbook and build-to-hold approach.
• Heritage Real Estate Partners: Mid-size multifamily developer pursuing value-add and ground-up projects across multiple US Sun Belt and growth markets — closely comparable geographic diversification and asset-class focus to WB Property Group.
• Quinlan Development Group: Boutique New York-based real estate developer focused on ground-up residential and mixed-use projects — directly comparable in size, NYC concentration, and build-to-hold approach to WB Property Group.

Broad incumbents

• The Durst Organization: Long-tenured, family-controlled NYC real estate developer active in office, residential, and mixed-use — overlaps directly with WB's NYC mixed-use and build-to-hold strategy but operates at significantly greater scale and asset breadth.
• Tishman Speyer: Global owner-developer of office, residential, and mixed-use properties — competes with WB in the same NYC and US urban mixed-use development space but at materially larger scale and capital base.
• The Related Companies: One of the largest US developers of multifamily (including affordable), mixed-use, and commercial real estate — directly comparable in multifamily development and affordable-housing partnership model, but at vastly greater scale.
• Greystar Real Estate Partners: Largest US multifamily developer, operator, and investment manager — overlaps with WB's multifamily development and long-term hold strategy across multiple US markets, but with far broader capital and operating footprint.
• AvalonBay Communities: Public multifamily REIT that develops, acquires, and operates rental apartment communities — comparable in multifamily build-and-hold strategy and US geographic diversification, though at much larger scale with public-market capital access.
• Lendlease: Global real estate developer with significant US multifamily and mixed-use development activity — comparable in build-to-hold model and multi-state US footprint, but at substantially larger scale and with public-company capital access.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 WB Property Group