Name

Procopio Companies

Legal name

The Procopio Companies

Website

https://procopiocompanies.com

Company type

Private

Founded year

1950

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Lynnfield

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Development Fees: Fees earned from developing multifamily residential and mixed-use properties, including ground-up opportunistic development and value-add repositioning projects.
2. Construction Management Services: Provides construction management services via GMP or lumpsum contract, controlling risk and financial exposure for investors. The civil construction group handles complex infill sites with unique civil requirements.
3. Property Management: Hands-on property management focused on resident satisfaction, NOI performance, and asset protection. Property management company Bria handles residential operations.
4. Capital Syndications: Syndicating private capital and managing institutional capital and joint ventures. Investor distributions generated since 2020 from completed projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Procopio Companies is a vertically integrated real estate firm that develops, constructs, and manages multifamily residential and mixed-use properties across New England and select Southeastern U.S. markets. The company generates revenue through development fees on ground-up and value-add projects, construction management services delivered via GMP or lumpsum contracts, property management via its Bria subsidiary, and private capital syndications to institutional investors and HNW individuals with investment minimums starting at $25,000.

Product overview

Procopio Companies is a fourth-generation, vertically-integrated real estate development, construction management, and property management firm. The company operates as a unified platform comprising three core service lines: development (ground-up multifamily and mixed-use residential projects), construction management (civil construction, pre-construction, and construction services), and property management (through their Bria brand). Their product portfolio consists of distinct residential and mixed-use developments across New England and select Southeastern markets, including completed projects (Caldwell, Sedna, Mosaic, Daymark, The Beck, Amara, The Alice), actively developing projects (Paragon, VESA, 57 MAIN), and pre-development projects (Westbrook, Thornton Hill, Wildwood, Trails Edge, Marea). The company also operates commercial properties including Starbucks and medical office space. Their vertically integrated model enables them to develop, build, and manage properties internally, providing end-to-end real estate solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Multifamily and Mixed-Use Real Estate Development

Quantifiable outcome

• Revenues 10x growth from 2015 to 2019
• +1 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered primary and core.

• Reveler DevelopmentprimaryStrategic or Co-development Partner · 1 October 2025Portland-based Reveler Development partnered with Dolben Co. Inc. and Procopio Companies for The Ledger 204-unit luxury apartment complex in Westbrook, Maine. Construction began October 2025 with expected full completion by early 2028.
• Dolben Co. Inc.primaryStrategic or Co-development Partner · 1 October 2025Dolben Co. Inc. partnered with Reveler Development and Procopio Companies for The Ledger 204-unit luxury apartment complex in Westbrook, Maine. This marks Dolben's first multifamily development in Maine.
• Beth Israel Lahey HealthcoreOthers · 1 May 2025Beth Israel Lahey Health occupies over 8,000 SF of premium office space at 203 Lowell Street Wilmington campus, serving as anchor commercial tenant.
• Beverly CrossingprimaryStrategic or Co-development Partner · 1 May 2025Co-development partner for Amara mixed-use development in Beverly, MA. Procopio served as lead developer and construction manager.
• Dellbrook JKScoreStrategic or Co-development Partner · 1 January 2023Quincy-based construction management firm and third collaboration with Procopio following Mosaic and Caldwell in Lynn. Serves as general contractor for The Beck, Paragon, and other projects.
• BriaprimaryStrategic or Co-development Partner · 1 January 2020Property management company Bria manages Procopio residential properties including The Beck, Vesa, and handles property operations. Managing Director Bryan Walsh leads the partnership.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Equity Residential: Public multifamily REIT with a coastal urban portfolio. Comparable to Procopio on Class A urban multifamily product and exposure to high-cost Northeast submarkets.
• AvalonBay Communities: Public multifamily REIT focused on Class A apartment development and acquisitions in high-barrier coastal markets. Comparable to Procopio on luxury multifamily development in supply-constrained Northeast metros.
• Greystar Real Estate Partners: Global leader in multifamily investment, development, and property management. Overlaps with Procopio across all three business lines but operates at vastly greater scale and geographic breadth; serves as the dominant incumbent peer benchmark.
• Lendlease: Global real estate and construction group with significant U.S. multifamily and mixed-use development. Comparable to Procopio on integrated development + construction management capability, though at much larger scale.
• Toll Brothers: National luxury homebuilder with a growing multifamily (Toll Brothers Apartment Living) division. Comparable to Procopio on luxury residential product positioning and expanding Sun Belt multifamily footprint.

Direct peers

• Bozzuto Group: Mid-Atlantic-headquartered multifamily developer, builder, and property manager with a vertically integrated platform. Comparable to Procopio's build-to-manage model and luxury Class A multifamily positioning in Northeast-adjacent metros.
• National Development: Newton, MA-based real estate developer with a New England multifamily and mixed-use pipeline of similar scale. Comparable to Procopio on regional focus, mixed-use product type, and mid-sized sponsor profile.
• The Hanover Company: Houston-based national multifamily developer focused on Class A urban and transit-oriented projects. Comparable to Procopio on ground-up development, mixed-use product type, and institutional capital partnerships.
• Lincoln Property Company: National multifamily developer and third-party property manager with extensive Sun Belt exposure. Comparable to Procopio on vertically integrated development + management and institutional-grade multifamily product.
• WinnCompanies: Boston-based, family-influenced multifamily developer, owner, and property manager with deep New England roots. Most directly comparable to Procopio on geography, vertical integration (development + property management), and mixed-income multifamily focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Procopio Companies