Prosperiti
Prosperiti Partners is a privately held, Springfield, MO-based real estate development and asset management firm serving municipalities and communities across the midwestern and northern United States through end-to-end multifamily and commercial development, capital improvement, and asset management services delivered via a holding company with integrated construction subsidiaries.
- Company typePrivate
- Founded-
- HeadquartersChicago, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
Prosperiti firmographics
Firmographics- Name
- Prosperiti
- Legal name
- Prosperiti Partners
- Website
- https://prosperiti.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Prosperiti Partners is a privately held, Springfield, MO-based real estate development and asset management firm serving municipalities and communities across the midwestern and northern United States through end-to-end multifamily and commercial development, capital improvement, and asset management services delivered via a holding company with integrated construction subsidiaries.
- Ownership category
- akta.pro rank
Prosperiti industry classification
Industry- Product category
- Real Estate Development Services
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL)
Keywords
Where Prosperiti is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Prosperiti business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Others
Revenue model
- Real Estate Development Services: The company generates revenue through development fees, asset management services, and capital improvement projects throughout the midwestern and northern United States. Revenue is derived from the full lifecycle of development projects including site selection, evaluation, securing approvals, financing, and ongoing management.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Prosperiti product offering
Product offeringCore offering
Prosperiti Partners (formerly Enterprise Commercial Group) provides end-to-end real estate development and asset management services across the midwestern and northern United States. Its core offerings include site selection and evaluation, securing municipal approvals, project financing, capital improvement, construction, and ongoing property/asset management for multifamily, commercial, and industrial real estate projects. Subsidiary brands (ArcStar Electric, Reeds Plumbing, MS Gilmour & Associates) supply integrated construction and development support services.
Differentiator
Problem solved
Functional benefit
Brands
- Arcstar Electric: Electrical services company within the Prosperiti Partners family of companies.
- Reeds Plumbing
- MSI Gilmore
Products and services
- Real Estate Development and Asset Management Services End-to-end real estate development and asset management services delivered for municipalities, community organizations, and private partners, covering site selection and evaluation, securing municipal approvals, project financing, capital improvement, construction oversight, and ongoing property/asset management for multifamily, commercial, and industrial projects.
- Prosperiti Properties - Multifamily and Commercial Real Estate Development Division of Prosperiti Partners providing multifamily and commercial real estate development focused on housing and businesses for the millennial generation, including affordable housing and multifamily rehabilitation projects.
- ArcStar Electric - Electrical Services Electrical services company within the Prosperiti family of companies providing construction and development support for Prosperiti's real estate projects.
- Reeds Plumbing - Plumbing Services Plumbing services company within the Prosperiti family of companies providing construction and development support for Prosperiti's real estate and property management projects.
- MS Gilmour & Associates - Construction and Development Services Services company within the Prosperiti family of companies providing construction and development support for Prosperiti's real estate projects.
Companies that use Prosperiti
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Prosperiti technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Prosperiti partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Arcstar ElectriccoreSubsidiary/affiliated company within the Prosperiti family of companies. Electrical services provider supporting real estate development projects. Located in Springfield, MO area.
- Reeds PlumbingcoreSubsidiary/affiliated company within the Prosperiti family of companies. Plumbing services provider supporting real estate development and property management projects.
- MSI GilmorecoreSubsidiary/affiliated company within the Prosperiti family of companies. Construction and development services supporting the company's real estate projects.
Scale indicators1 record
Prosperiti competitors and assessment
Company assessmentDirect peers
- Pennrose: Pennrose is a multifamily and mixed-use real estate developer active in affordable and workforce housing, overlapping directly with Prosperiti's municipal-focused development and asset management approach.
- Wishrock Capital Group: Wishrock is a multifamily and affordable housing developer and owner-operator in the U.S., directly comparable to Prosperiti's acquisition-rehab and long-term asset management of multifamily housing.
- McCormack Baron Salazar: McCormack Baron Salazar develops mixed-income and affordable housing with deep municipal partnerships in mid-sized and urban markets, mirroring Prosperiti's government-anchored development model.
- The Michaels Organization: The Michaels Organization is a national affordable housing developer and property manager, comparable in its end-to-end development-to-management model targeting municipalities and LIHTC-financed projects.
- Dominium: Dominium is a multifamily affordable housing developer and manager with operations across the Midwest, directly comparable to Prosperiti's multifamily/affordable housing focus and municipal partnership model.
- The NHP Foundation: NHP Foundation is a nonprofit affordable housing developer/owner serving low- and moderate-income residents, similar in its community-impact orientation and multifamily focus to Prosperiti.
- Continental Properties: Continental Properties develops multifamily and mixed-use projects in the Midwest and Southeast with an integrated development-to-management model, comparable in scope to Prosperiti Properties.
Broad incumbents
- Hunt Companies: Hunt Companies is a diversified real estate developer and asset manager with sizable affordable housing and multifamily operations, serving as a broader incumbent against which Prosperiti competes for municipal projects.
- JLL (Jones Lang LaSalle): JLL is a global real estate services firm providing brokerage, asset management, and development advisory across commercial and multifamily, serving as a broader incumbent offering overlapping services to Prosperiti's municipal clients.
- Greystar Real Estate Partners: Greystar is the largest multifamily property manager and developer globally; while much larger, it overlaps with Prosperiti's asset management and multifamily operations in the same target markets.
Market position
Customer concentration
Prosperiti financial estimates
Financial estimateRevenue estimate
Valuation estimate
Prosperiti leadership team
Management profileNumber of profiles
Profiles4 records
Prosperiti subsidiaries and ownership
Company hierarchySubsidiaries3 records
Prosperiti funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Prosperiti 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 Prosperiti
What does Prosperiti do?
Prosperiti Partners (formerly Enterprise Commercial Group) provides end-to-end real estate development and asset management services across the midwestern and northern United States. Its core offerings include site selection and evaluation, securing municipal approvals, project financing, capital improvement, construction, and ongoing property/asset management for multifamily, commercial, and industrial real estate projects. Subsidiary brands (ArcStar Electric, Reeds Plumbing, MS Gilmour & Associates) supply integrated construction and development support services.
Is Prosperiti a public or private company?
Prosperiti is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Prosperiti founded?
Prosperiti was founded in -1. It employs 51 to 100 people.
Where is Prosperiti based?
Prosperiti is headquartered in Chicago, United States, in the North America region.
How does Prosperiti make money?
One revenue line is on record: real Estate Development Services.
Who are Prosperiti's main competitors?
Direct peers on record are Pennrose, Wishrock Capital Group, McCormack Baron Salazar, The Michaels Organization, Dominium, The NHP Foundation and Continental Properties. Broad incumbents are Hunt Companies, JLL (Jones Lang LaSalle) and Greystar Real Estate Partners.
Does Prosperiti have an API?
No public API is recorded for Prosperiti.
What industry is Prosperiti in?
Prosperiti's product category is Real Estate Development Services. Its primary akta.pro industry code is BPAJANAL, Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory. Its SIC code is 6531.