Capital Group Properties
Capital Group Properties is a privately-held, vertically integrated real estate developer and owner-operator in the U.S. East Coast, specializing in commercial, retail, residential, and industrial development, construction, property management, and private lending across Massachusetts, Rhode Island, and four additional states.
- Company typePrivate
- Founded1987
- HeadquartersSouthborough, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Capital Group Properties does
Capital Group Properties is a privately-held, vertically integrated real estate development firm headquartered in Southborough, Massachusetts, founded by William Depietri in 1987. The company specializes in the permitting, construction, and property management of commercial, retail, residential, and industrial developments throughout the East Coast, with a portfolio exceeding 4.5 million square feet of developed space, over one million square feet currently retained, and more than 800 residential units delivered historically. Its operating model is organized around four integrated affiliates: JBJ Construction (in-house construction management headed by Justin Depietri), Resource Capital (a private mortgage lender offering loans from $25,000 to $10,000,000 at 12-14% interest), Berkshire Realty Group (brokerage for residential sales), and the core development and property management operations led by founder William Depietri as President and Eric LaForest as COO.
The company generates revenue through multiple streams: rental income from its retained commercial and retail portfolio (including Maynard Crossing, Warwick Center, Northborough Crossing, Sharon Marketplace, and Airport Industrial Park), proceeds from the development and sale of residential communities (Stonebrook Village, Millwood Preserve, Grouse Hill, and others in MetroWest MA), private lending interest and origination fees from Resource Capital across six states, and brokerage commissions from Berkshire Realty. The business serves a diverse customer base spanning retail tenants (Market Basket at Maynard Crossing is a notable anchor), residential homebuyers, office tenants across Turnpike Road and 100 Discovery Way properties, industrial tenants at the Marlborough and Lancaster assets, and real estate investors seeking short-term bridge and construction financing.
Capital Group Properties' go-to-market is direct, owner-operated, and relationship-driven, with no third-party broker or marketplace dependency. Distribution is handled in-house through leasing managers (James Vazza, Benjamin Flad, Samuel Bartoes) and the company's own brokerage arm. Recent strategic activity has centered on the Maynard Crossing mixed-use development (730,000 SF, breaking ground in 2019 with Phase II in 2022), the $12.35 million acquisition of Warwick Center in Rhode Island in March 2022, and a planned 348-acre industrial business park (Capital Commerce Center) in Lancaster, MA. The company has no public listing, no external institutional shareholders, and is controlled by the Depietri family, with no proprietary technology platform or AI/ML capabilities evident in the operating model.
Capital Group Properties firmographics
Firmographics- Name
- Capital Group Properties
- Legal name
- Capital Group Properties
- Website
- https://capitalgroupproperties.com
- Company type
- Private
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Capital Group Properties is a privately-held, vertically integrated real estate developer and owner-operator in the U.S. East Coast, specializing in commercial, retail, residential, and industrial development, construction, property management, and private lending across Massachusetts, Rhode Island, and four additional states.
- Ownership category
- akta.pro rank
Capital Group Properties industry classification
Industry- Product category
- Real Estate Development
- NAICS
- Nonresidential Property Managers (531312), Real Estate Credit (522292)
- SIC
- Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Commercial Real Estate Asset Management (BPAJAMAB)
- akta.pro secondary industries
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ), Real Estate (Commercial Property, REITs) (FSABACAH)
Keywords
Where Capital Group Properties is headquartered
LocationHeadquarters
- HQ city
- Southborough
- HQ country
- United States
- HQ region
- North America
Markets served
Capital Group Properties business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure, Technology or R&D
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Residential properties for sale |
| Other | Pay-as-you-go | Private lending services |
| Unit Pricing | Multi-year contract | Commercial retail space at Maynard Crossing |
Distribution channels4 records
Marketing channels5 records
Capital Group Properties product offering
Product offeringCore offering
Capital Group Properties is a vertically integrated real estate development firm specializing in the permitting, construction, and property management of commercial, retail, residential, and industrial developments throughout the East Coast. The company operates through three core operating divisions: JBJ Construction (in-house construction management for residential, commercial, and industrial projects), Resource Capital (private mortgage lending to builders, developers, and investors with loan sizes from $25,000 to $10,000,000), and Berkshire Realty Group (brokerage for residential home sales and marketing). It retains over one million square feet of commercial and retail property under management and has developed more than 800 residential units.
Product overview
Capital Group Properties is a full-service real estate development company offering integrated real estate services through multiple divisions. The core offering encompasses real estate development (permitting, construction, and property management) for commercial, residential, retail, and industrial properties throughout the East Coast. Supporting divisions include JBJ Construction (construction management and general contracting), Resource Capital (private lending with loans from $25,000 to $10,000,000), and Berkshire Realty Group (brokerage services). The portfolio includes retail properties (Southbridge Marketplace, Maynard Crossing, Northborough Crossing, Warwick Center, Oxford Crossing, Sharon Marketplace, Liberty Plaza), office properties (100 Discovery Way, multiple Turnpike Road properties), industrial properties (Airport Industrial Park, Capital Commerce Center), and residential communities (Millwood Preserve, Grouse Hill, Stonebrook Village) across Massachusetts, Rhode Island, New Hampshire, and Florida.
Differentiator
Problem solved
Functional benefit
Products and services
- Real Estate Development Permitting, construction, and property management of commercial, residential, retail, and industrial developments throughout the East Coast, including mixed-use developments such as Maynard Crossing.
- Property Management and Leasing Full-service property management and leasing services for commercial, industrial, retail, and residential properties, covering over one million square feet of commercial and retail property under management.
- JBJ Construction The construction division of Capital Group Properties, specializing in residential, commercial, and industrial construction. Provides in-house construction management services for properties within the Capital Group Properties portfolio as well as third-party construction management services.
- Resource Capital Private Lending
Quantifiable outcome
- Over 4.5 million square feet of commercial, retail and office space developed
- +8 more outcomes
Companies that use Capital Group Properties
Customer profileIdeal customer profiles4 records
Capital Group Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Capital Group Properties partnerships and signals
Strategic signalRecent moves8 records
Expansion highlights5 records
Capital Group Properties competitors and assessment
Company assessmentBroad incumbents
- Boston Properties: Office-focused REIT with deep Massachusetts concentration including suburban office holdings analogous to CGP's Turnpike Road and Discovery Way office assets.
- Bozzuto Group: East Coast-focused multifamily developer, builder, and property manager with integrated construction and management divisions analogous to CGP's JBJ Construction and in-house property management.
- Greystar Real Estate Partners: Largest U.S. apartment operator with development, investment, and property management services providing institutional-scale integrated real estate services comparable to CGP's vertical model.
- Toll Brothers: National luxury homebuilder and active-adult (age-restricted) community developer with broad East Coast presence and a scaled integrated development platform comparable to CGP's residential and senior-living offerings.
- Federal Realty Investment Trust: REIT focused on owning, operating, and developing high-quality retail mixed-use properties across the East Coast and other U.S. markets, comparable to CGP's retained retail portfolio.
Direct peers
- RD Management: New York-based retail and commercial real estate owner/operator with multi-state portfolio management and leasing operations directly comparable to CGP. The firm employed Capital Group's Portfolio Leasing Manager for 25+ years, indicating similar scale and operational model.
- The Bulfinch Companies: Massachusetts-based mixed-use developer, owner, and property manager with vertically integrated investment, development, leasing, and asset management capabilities operating across the Greater Boston region.
- National Development: New England mixed-use real estate developer with residential, retail, and office projects, often in partnership with municipalities; comparable in scale and regional concentration to Capital Group Properties.
- The Davis Companies: Greater Boston-based real estate investment and development firm focused on mixed-use, multifamily, and commercial projects, with comparable integrated investment and operating capabilities.
- The NRP Group: National multifamily and mixed-use developer with in-house construction and property management that develops and retains affordable and market-rate communities analogous to CGP's residential product line.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Capital Group Properties social profiles
Digital presenceCapital Group Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
Capital Group Properties leadership team
Management profileNumber of profiles
Profiles13 records
Capital Group Properties subsidiaries and ownership
Company hierarchySubsidiaries3 records
Capital Group Properties funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Capital Group Properties M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Capital Group Properties
What does Capital Group Properties do?
Capital Group Properties is a vertically integrated real estate development firm specializing in the permitting, construction, and property management of commercial, retail, residential, and industrial developments throughout the East Coast. The company operates through three core operating divisions: JBJ Construction (in-house construction management for residential, commercial, and industrial projects), Resource Capital (private mortgage lending to builders, developers, and investors with loan sizes from $25,000 to $10,000,000), and Berkshire Realty Group (brokerage for residential home sales and marketing). It retains over one million square feet of commercial and retail property under management and has developed more than 800 residential units.
Is Capital Group Properties a public or private company?
Capital Group Properties is a private company. It is classified as family owned and is currently operating.
When was Capital Group Properties founded?
Capital Group Properties was founded in 1987. It employs 11 to 50 people.
Where is Capital Group Properties based?
Capital Group Properties is headquartered in Southborough, United States, in the North America region.
Who are Capital Group Properties's main competitors?
Broad incumbents on record are Boston Properties, Bozzuto Group, Greystar Real Estate Partners, Toll Brothers and Federal Realty Investment Trust. Direct peers are RD Management, The Bulfinch Companies, National Development, The Davis Companies and The NRP Group.
Does Capital Group Properties have an API?
No public API is recorded for Capital Group Properties.
What industry is Capital Group Properties in?
Capital Group Properties's product category is Real Estate Development. Its primary akta.pro industry code is BPAJAMAB, Commercial Real Estate Asset Management, with a secondary code of BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE). Its NAICS code is 531312 and its SIC code is 6532.