NOVAK BROTHERS

What NOVAK BROTHERS does

Novak Brothers (legal entity Novak Brothers LLC) is a privately held, Plano, Texas-based real estate operating company founded in 2012 that develops, builds, and co-invests in large-scale mixed-use communities and standalone residential, multifamily, hospitality, and commercial projects across Texas. It operates through four wholly-owned subsidiaries — Novak Commercial Development, Novak Capital, Novak Commercial Construction, and Novak Residential Construction — that together capture land acquisition, capital raising, vertical construction, and stabilized asset ownership in a vertically integrated model. Flagship assets include The Summit at Rivery Park (a 32-acre mixed-use project anchored by a LEED Silver-certified Sheraton hotel with 256 Summit Lofts and 121 Texas Brownstone homes), the Rise Series of luxury multifamily communities (Rise 120 at 227 units, Rise 510 at 301 units), and The Brownstone at Northline (69 for-sale townhomes in Leander).

The business generates revenue through three distinct mechanics: (i) one-time real estate development and sales of for-sale residential units and stabilized multifamily rental income; (ii) one-time general-construction contracts for third-party clients (retail, restaurants, industrial, medical, self-storage, automotive); and (iii) capital partnership management through Novak Capital, which has raised over $250 million cumulatively via joint ventures, funds, and co-investment structures distributed through the Juniper Square investor platform. Pricing on for-sale product is unit-based (e.g., Brownstones at Northline priced from the low $700,000s); construction contracts are project-based and not publicly disclosed.

Customers span four distinct segments served through separate subsidiaries: enterprise commercial tenants and hotel operators (e.g., Sheraton, Warm Audio, CubeSmart, Greater Texas Credit Union), mid-market retail and restaurant operators (Bar Louie, Loro Asian Smokehouse, 2020 Market), affluent residential buyers of Texas Brownstone townhomes, and multifamily renters across the Rise Series and Summit Lofts. Capital is sourced from private investors and family offices, with Trinity Private Equity Group disclosed as a named project-level lead investor. Go-to-market relies on direct enterprise engagement, a corporate website (novakbros.com), active earned media/PR through outlets such as the Wall Street Journal and Community Impact, social channels (Instagram, Facebook, LinkedIn), and on-site ribbon-cuttings and groundbreaking events in the Austin metro. The firm is led by Founding Partner Jeff Novak (former NFL lineman) and co-founders Jack Novak and Jim Cramer (NCARB architect), with subsidiary presidents for each operating arm.

Name

NOVAK BROTHERS

Legal name

Novak Brothers LLC

Website

https://novakbros.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

Novak Brothers is a privately held Texas-based real estate operating company that develops, builds, and capital-partners mixed-use, multifamily, residential, and commercial projects across the Austin metro via four subsidiaries (Development, Capital, Commercial Construction, Residential Construction).

Ownership category

akta.pro rank

Headquarters

HQ city

Georgetown

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Development & Sales: Novak Brothers develops and sells residential properties (Texas Brownstone townhomes, single-family homes) and multifamily rental communities, generating revenue through property sales and apartment rentals. The company also develops commercial properties including retail, office, and hospitality spaces.
2. Construction Services: Novak Commercial Construction and Novak Residential Construction act as general contractors providing design/build, construction, and construction management services for retail, restaurant, industrial, multifamily, and mixed-use projects. Revenue is earned through construction contracts with third-party clients.
3. Capital Partnerships & Investment Management: Novak Capital creates investment partnerships with private investors worldwide through joint ventures, funds, and direct capital partnerships. Novak has raised over $250 million to date through these structures and actively co-invests in its own development projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Novak Brothers is a privately held real estate operating company that develops, invests in, and constructs residential, multifamily, retail, office, and hospitality properties. It operates four core divisions — Novak Commercial Development, Novak Capital, Novak Commercial Construction, and Novak Residential Construction — that together deliver integrated mixed-use communities, with flagship projects anchored by hotels, multifamily apartments, luxury townhomes, and retail/dining tenants.

Product overview

Novak Brothers is a privately held real estate operating company comprising four core business divisions: Commercial Development, Capital (investment partnerships), Commercial Construction, and Residential Construction. The company develops large-scale mixed-use communities and residential projects across Texas, with flagship products including The Summit at Rivery Park (a 32-acre mixed-use development), Texas Brownstone Homes (award-winning attached townhomes), multifamily communities (Summit Lofts with 256 units, Rise120 with 227 units, Rise510 with 301 units), and hospitality properties. The company also owns and operates the Sheraton Austin Georgetown Hotel & Conference Center. All divisions work together to create integrated lifestyle communities combining residential, retail, hospitality, and commercial elements.

Differentiator

Problem solved

Functional benefit

Brands

• Texas Brownstone: Attached single-family residential product featuring classic 19th century row house design with native Texas materials, rooftop terraces, and private elevators
• The Summit at Rivery Park
• Rise Series (Rise510, Rise120)
• The Brownstone

Products and services

• Novak Commercial Development Commercial real estate development division developing retail, office, hospitality, and mixed-use projects for enterprise tenants and investors.
• Novak Capital

Quantifiable outcome

• Georgetown, TX — Novak's primary market — has been named the fastest-growing city in the U.S. for three consecutive years (2021, 2022, 2023), with population growth of 11–14% annually.
• +3 more outcomes

Named customers19 records

Segments5 records

Ideal customer profiles5 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 and minor.

• Northline Leander Development Company (NLDC) / Tynberg LLCcoreStrategic or Co-development Partner · 18 April 2023Northline Leander Development Company, an affiliate of Tynberg LLC, partnered with Novak Residential Construction to build The Brownstone at Northline — 69 for-sale townhomes in Leander, TX. This is described as the first brownstone-style project in Leander. Joy McVean, President of Novak Residential Construction, called the partnership an 'exceptional experience.'
• Partners Real EstatecoreStrategic or Co-development Partner · 27 January 2023Partners Real Estate, one of the largest independent commercial real estate firms in Texas, sold a 6-acre parcel at The Commons at Rivery mixed-use project in Georgetown to Novak Commercial Development. Novak plans to develop 300 upscale apartments as a multifamily anchor. Alex Makris and Kevin Murphy of Partners brokered the transaction. The partnership is described as a joint venture to bring a transformative mixed-use project to Georgetown.
• The Commons at RiverycoreStrategic or Co-development Partner · 27 January 2023The Commons at Rivery is a 15-acre mixed-use project in Georgetown being developed by Partners Real Estate. Novak Commercial Development purchased 6 acres to anchor the project with 300 upscale apartments. The development is part of Georgetown's Williams Drive Gateway Plan and will include 45,000+ sq ft of premium retail, service, and restaurant space.
• Hard Count Kitchen & Cocktails (Manuel Martinez & Joey Delgadillo)minorStrategic or Co-development Partner · 21 January 2021Restaurateurs Manuel Martinez and Joey Delgadillo partnered with Novak Commercial Construction for a second joint venture to open Hard Count Kitchen & Cocktails at The Summit at Rivery Park. Novak served as the development/construction partner. The restaurant is described as an upscale sports lounge and neighborhood hangout.
• 2020 Market Scratch Kitchen & Bar (Manuel Martinez & Joey Delgadillo)minorStrategic or Co-development Partner · 21 August 2019A joint venture between Novak Brothers and restaurant operators Manuel Martinez and Joey Delgadillo to open 2020 Market Scratch Kitchen & Bar, a farm-to-table dining experience at The Summit at Rivery Park. Novak provided development and construction expertise; the operators provided dining and hospitality expertise.
• Warm AudiominorImplementation/ SI/ Consulting Partner · 24 July 2019Novak Commercial Construction was selected as the general contractor to build Warm Audio's 40,000 sq ft world headquarters in Cedar Park, TX, including a multi-million dollar recording studio facility. Novak had been involved in Warm Audio's construction since the company's inception two years prior.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Republic Property Group: Texas-based residential and mixed-use developer with a portfolio of for-sale townhomes, multifamily, and master-planned community products in the Dallas-Fort Worth metroplex. Comparable to Novak's Texas Brownstone townhome product and multifamily pipeline in terms of residential product type and Texas geographic focus.
• KDC Real Estate Development and Investments: Dallas-based commercial real estate development company specializing in office, mixed-use, and corporate headquarters projects across Texas and the U.S. Comparable to Novak's commercial development and construction arms, with a similar model of partnering with institutional investors on large-scale developments in Texas.
• Trademark Property Company: Fort Worth-based mixed-use real estate developer and operator focused on walkable, lifestyle-oriented town centers and mixed-use projects (Watters Creek, Alliance Town Center, The Boardwalk at Granite Park). Directly comparable to Novak's Summit at Rivery Park and Wolf Lakes Village approach in terms of mixed-use format and Texas geography.
• Centurion American Development Group: Dallas-based, founder-led real estate development firm with a large mixed-use and residential portfolio across Texas. Comparable to Novak in operating as both developer and capital partner, with notable projects in suburban Dallas-Fort Worth master-planned communities and mixed-use centers. Similar product mix spanning high-end residential, multifamily, retail, and hospitality.
• Midway Companies: Houston-based privately held real estate operating company with a vertically integrated model spanning investment, development, asset management, and commercial operations. Like Novak Brothers, Midway focuses on large-scale mixed-use urban developments (CityCentre, Kirby Ice House, The Star) in high-growth Texas markets, with integrated development, hospitality, retail, and multifamily components.
• Hillwood Development Company: Perot-family-owned Dallas-based real estate developer with one of the largest mixed-use and master-planned community portfolios in the U.S. (AllianceTexas, Frisco projects). Comparable in operating model as a vertically integrated Texas-focused developer-investor with mixed-use, residential, and commercial components.

Broad incumbents

• Wood Partners: Atlanta-based national multifamily developer with significant Texas operations (Dallas, Austin, Houston). Comparable to Novak's multifamily product line (Rise510, Rise120, Summit Lofts) in delivering luxury apartment communities at scale, but operates nationally with substantially larger headcount and capital base.
• Howard Hughes Holdings: NYSE-listed master-planned community developer (The Woodlands, Summerlin, Bridgeland, Ward Village) with a portfolio significantly larger than Novak's. Comparable in master-planned, mixed-use development philosophy but operates at national scale and is publicly traded; relevant as a benchmark for ultimate scale and exit comparables.
• Lincoln Property Company: Dallas-headquartered multifamily and commercial real estate company with major Texas multifamily development operations. Comparable multifamily product overlap with Novak's Rise series and Summit Lofts, but operates at significantly greater scale across multiple asset classes and geographies.
• Crow Holdings: Dallas-based diversified real estate investment and development firm with development, investment management, and capital formation capabilities across multiple asset classes including multifamily and mixed-use. Comparable to Novak in Texas operating base and integrated development + capital platform model, but operates at substantially larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/NovakBros
• LinkedInlinkedin.com/company/novak-brothers-companies
• Instagraminstagram.com/novakbrothers

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries4 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 NOVAK BROTHERS