The Walters Group

What The Walters Group does

The Walters Group is a Barnegat, New Jersey-based construction and real estate development firm founded in 1984, specializing in land planning, construction management, and development services. The company employs between 11 and 50 people and operates as a private for-profit entity, with its commercial activity concentrated in the New Jersey affordable housing market. Its flagship project is The Mews at St. Mary, a 75-unit senior affordable housing property in Williamstown, New Jersey, which celebrated its grand opening in May 2026 after a $38 million capital stack that included a $9 million investment from CVS Health (facilitated by R4 Capital), an $8 million HUD capital advance, and $21 million from the New Jersey Housing and Mortgage Finance Agency (NJHMFA), with land and organizational support contributed by the Diocese of Camden through Diocesan Housing Services Corporation.

The company's operating model centers on partnership-driven affordable housing development, combining healthcare integrators (CVS Health), faith-based organizations (Diocese of Camden), and government housing finance agencies (HUD, NJHMFA) to deliver senior housing with embedded health and social services. This multi-stakeholder capital stacking approach allows the firm to access non-dilutive public funding while differentiating its offering through integrated service delivery. Revenue mechanics are project-based and tied to developer fees, construction management fees, and potentially equity participation in the underlying real estate — recurring SaaS- or subscription-style revenue is not evident.

The Walters Group's go-to-market is relationship-driven and regionally anchored. The firm operates exclusively within New Jersey per available evidence, with a single-segment focus on senior affordable housing. The company does not disclose pricing, technology stack, or AI capabilities, and no management team, M&A activity, or funding history beyond the Mews at St. Mary project is documented in the available data. The broader market context is favorable — CVS Health alone has committed more than $40 million across nearly 2,500 affordable housing units in New Jersey — but the Walters Group's share of that pipeline is not quantified.

Name

The Walters Group

Website

https://waltersgroupapartments.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Short description

The Walters Group is a Barnegat, New Jersey-based construction and real estate development firm founded in 1984, specializing in senior affordable housing development through multi-stakeholder public-private partnerships across New Jersey.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

General Bldg Contractors - Residential Bldgs (1520), Real Estate (6500)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Affordable housing development
• Construction management services
• Senior housing projects
• Real estate development
• Land planning services

Headquarters

HQ city

Barnegat

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Others

Core offering

The Walters Group is a construction and real estate development company providing land planning, construction management, and development services, with a specialization in senior affordable housing. The company develops properties like The Mews at St. Mary, a 75-unit senior affordable housing complex in Williamstown, New Jersey, delivered through multi-stakeholder partnerships with healthcare providers, faith-based organizations, and government housing finance agencies.

Product overview

The Walters Group is a real estate development company focused on senior affordable housing. The company's core offering is The Mews at St. Mary, a 75-unit senior affordable housing property in Williamstown, New Jersey. This represents a single-property housing development initiative supported by public and private funding partnerships including CVS Health, HUD, and NJHMFA.

Differentiator

Problem solved

Functional benefit

Products and services

• The Mews at St. Mary

Quantifiable outcome

• 75 senior affordable housing units developed in Williamstown, New Jersey

Segments1 record

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.

• Diocese of CamdencoreStrategic or Co-development PartnerThe Diocese of Camden, through Diocesan Housing Services Corporation, partnered with CVS Health and The Walters Group to develop The Mews at St. Mary, a 75-unit senior affordable housing property. The Diocese provides the land and organizational support for faith-based affordable housing development.

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• National Church Residences: Faith-based nonprofit developer and operator of affordable senior housing nationwide. Comparable in pairing faith-based land/ownership partners with HUD Section 202-style capital for senior affordable developments.
• L+M Development Partners: Developer of affordable, mixed-income, and senior housing across the Northeast. Comparable in developing affordable multifamily and senior product with public-private financing structures.
• The Michaels Organization: Large New Jersey-based developer, owner, and manager of affordable, market-rate, and senior housing. Directly comparable as a regional affordable/senior housing developer with deep NJ public-finance relationships.
• Conifer Realty: Northeast-focused developer and manager of affordable and mixed-income housing, including senior communities. Comparable in geography (NJ/NY footprint), product type, and reliance on LIHTC/HUD capital sources.
• Beacon Communities: Affordable and mixed-income housing developer active across multiple states. Comparable in LIHTC-driven development of affordable multifamily and senior communities.
• Pennrose: National affordable housing developer with active New Jersey presence developing mixed-income, senior, and multifamily rental communities. Comparable in target segment and LIHTC/HUD financing orientation.

Broad incumbents

• WinnCompanies: National developer, owner, and manager of multifamily affordable housing including senior communities. Comparable across development and ongoing operations, with significantly broader geographic footprint.
• Enterprise Community Partners: National nonprofit affordable housing developer and policy organization with deep NJ activity. Comparable mission and funding-stack assembly, though operating at significantly larger scale.

Others

• R4 Capital: Affordable housing financial services and tax-credit syndication firm that facilitated the CVS Health investment into The Mews at St. Mary. Comparable as an ecosystem enabler rather than a direct development competitor.

Regional players

• Catholic Charities Housing (Diocese of Camden affiliate network): Regional faith-based housing arm operating within the same Diocese of Camden partnership footprint. Comparable as a faith-based affordable housing provider in southern New Jersey.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/walters_group
• Facebookfacebook.com/walters-group-231421746904265

Revenue estimate

Valuation estimate

Number of profiles

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 The Walters Group