Realtex Development Corporation

Name

Realtex Development Corporation

Legal name

Realtex Development Corporation

Website

https://realtexdevelopment.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

51–100 employees

Short description

Realtex Development Corporation is a privately-held, Austin, Texas-based real estate developer that builds, constructs, and manages affordable and market-rate multifamily apartment communities across Texas, Mississippi, and Florida, primarily serving income-qualified residents through LIHTC-financed developments.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Residential Property Managers (531311), Lessors of Other Real Estate Property (53119), Rental and Leasing Services (532)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

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

akta.pro secondary industries

Residential Real Estate Asset Management (BPAJAMAA), Independent Living Community Development & Construction (Senior Housing Developers) (HLADAAAH)

Keywords

• Affordable housing development
• Multifamily construction services
• Property management services
• Real estate development
• Tax credit housing financing

Headquarters

HQ city

West Lake Hills

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development: Development fees from acquiring land, securing financing, and overseeing construction of multifamily residential properties. Revenue generated from affordable and market-rate apartment community developments across Texas, Mississippi, and Florida.
2. Construction Services: Realtex Construction provides quality construction management from planning stages to completion for all properties developed by Realtex.
3. Property Management: Realtex Housing Management provides asset and property management oversight services, generating recurring management fees from residential apartment communities.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Realtex Development Corporation is a professional real estate development company that develops, constructs, and manages affordable and market-rate multifamily apartment communities across Texas, Mississippi, and Florida. The company operates three integrated divisions—Realtex Development (site evaluation and development planning), Realtex Construction (full-service construction management), and Realtex Housing Management (asset and property management)—serving income-qualified residents through federal and state housing programs as well as market-rate tenants.

Product overview

Realtex Development Corporation is a professional real estate development company operating three core divisions: Realtex Development (property development and evaluation), Realtex Construction (full-service construction management), and Realtex Housing Management (asset and property management). The company specializes in developing affordable and market rate apartment communities across Texas, Mississippi, and Florida, with projects ranging from family housing to senior living communities. The three divisions work together to deliver integrated real estate solutions from site evaluation and planning through construction and ongoing property management.

Differentiator

Problem solved

Functional benefit

Products and services

• Realtex Development Professional real estate development services that evaluate proposed properties and ensure exceptional quality in affordable and market-rate communities. The team works with local agencies, civic leaders, and neighboring residents to formulate precise development plans.
• Realtex Construction Full-service construction management responsible for all aspects of quality construction from planning stages to completion. Ensures consistent high standards and attention to detail on all properties developed by Realtex, working closely with neighborhood organizations and municipalities.
• Realtex Housing Management Property and asset management services providing direct oversight of all management operations with a focus on investment analysis, professional management, and quality customer service to ensure resident satisfaction. Improves lives of residents while enhancing the overall appearance and social conditions of the community.

Quantifiable outcome

• Ranked 12th and 13th nationally in Affordable Housing Finance Top 50 Developers

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• The Michaels Organization: Vertically integrated developer, general contractor and property manager of affordable and market-rate multifamily housing, using LIHTC and HUD financing across multiple states — directly mirrors Realtex's three-division model.
• Dominium: One of the largest U.S. affordable housing developers with in-house property management; competes for the same LIHTC allocations and uses similar state finance agency relationships as Realtex.
• The NRP Group: Developer, builder and property manager of affordable and market-rate apartment communities; structured through LIHTC partnerships and closely comparable to Realtex's integrated service stack.
• Pennrose: Affordable and mixed-income multifamily developer with affiliated property management; competing for LIHTC awards and serving similar resident profiles as Realtex.
• Related Companies (Related Affordable): National affordable and mixed-income housing developer with construction and management arms; participates in many of the same state LIHTC rounds Realtex targets.
• McCormack Baron Salazar: National affordable and mixed-income multifamily developer combining development, construction, and asset management — a closely analogous operating model to Realtex.
• Bozzuto Group: Multifamily developer, general contractor, and property manager with significant affordable housing and mixed-income work; competes in similar Sun Belt markets with a vertically integrated model.
• WNC & Associates: Specialized LIHTC syndicator and affordable housing developer operating across multiple Sun Belt and Southern states; both pursues tax credit allocations and partners with state housing finance agencies.

Broad incumbents

• Greystar Real Estate Partners: Largest U.S. multifamily property manager and developer with broad affordable and market-rate exposure; overlaps with Realtex Housing Management on third-party management and competes for larger development mandates.
• Lincoln Property Company Residential: National multifamily developer and third-party manager; competes with Realtex for market-rate development and management engagements while operating across overlapping Sun Belt geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

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 Realtex Development Corporation