MAG Real Estate & Development

What MAG Real Estate & Development does

MAG Real Estate & Development Inc. is a privately held, full-service real estate development and construction management company headquartered in Delray Beach, Florida, founded in 2012 by Maher Hanna. The company undertakes luxury residential ground-up construction, high-end renovations in country club communities (Saint Andrews Country Club, Boca Raton), and larger multifamily rental developments under its Aviara Properties sub-brand. Its product portfolio has evolved from individual waterfront estates priced $1.3M–$3.5M in Boca Raton and Delray Beach boating sanctuaries (Tropic Isles, Boca Harbour, Harbour East) to scaled multifamily master plans including Aviara East Pompano (228 luxury apartments with retail), Aviara Palm Coast (256 townhomes on 99 acres), Aviara Green (56 garden-style apartments in West Palm Beach), and Aviara Lake Worth and Aviara On The Ave (36 boutique townhome/condo communities). The company has also entered commercial real estate via Aviara Corporate Park, a 96,000-square-foot industrial flex-space and office property in Pompano Beach. There are no proprietary software platforms, APIs, or technology IP disclosed; the company operates as a traditional developer/builder relying on website, Instagram, and Facebook for marketing.

The company generates revenue through three streams: (1) one-time luxury residential property sales (individual estates $1.3M–$3.5M); (2) recurring rental income from Aviara-branded multifamily communities across South Florida; and (3) managed property management fees via Aviara Properties. Sales are conducted direct-to-buyer through the company website and phone/email inquiry. Operations are vertically integrated through Aviara Properties, which brands and operates all rental communities built by MAG, forming a single development-to-property-management pipeline. Primary customers are affluent individual buyers seeking luxury waterfront homes, residential renters in South Florida growth markets, and commercial tenants in Pompano Beach-area flex-space. Geographic coverage spans Boca Raton, Delray Beach, Lake Worth, West Palm Beach, Pompano Beach, and Palm Coast — all within Florida. The firm is privately held with no disclosed institutional funding, headcount of 11–50 employees, and operating principal participation from Edward Farhat alongside founder Maher Hanna.

Name

MAG Real Estate & Development

Legal name

MAG Real Estate & Development Inc.

Website

https://mag-properties.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

MAG Real Estate & Development is a Delray Beach-based developer and construction manager building luxury waterfront estates, large multifamily rental communities under the Aviara Properties brand, and commercial flex-space across South Florida for affluent buyers, residential renters, and commercial tenants.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Residential Property Managers (531311), Lessors of Other Real Estate Property (531190)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multifamily (Apartment) Property Management (BPAJAGAD)

akta.pro secondary industries

Mixed-Use Property Management (BPAJAGAE), Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Luxury home construction
• Residential development
• Commercial real estate
• Multifamily development
• Property management

Headquarters

HQ city

Delray Beach

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Luxury Residential Property Sales: The company builds and sells custom luxury homes in South Florida. Completed projects are sold to end buyers at prices ranging from $1.3M to $3.5M for high-end waterfront estates.
2. Multifamily Rental Operations: Development and operation of rental communities including apartments and townhomes. Communities are branded under Aviara Properties and generate recurring rental income.
3. Property Management: Through partnership with Aviara Properties, manages rental communities and resident needs for the properties developed by MAG Real Estate.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

MAG Real Estate & Development is a full-service real estate development and construction management company that builds custom luxury waterfront residential estates ($1.3M–$3.5M), develops multifamily rental communities under the Aviara Properties brand, and delivers commercial real estate products (industrial flex-space and office) across South Florida. The company also performs high-end home renovations and operates rental communities through its sister company Aviara Properties, providing design, construction, general contracting, property management, and maintenance as end-to-end real estate services.

Product overview

MAG Real Estate & Development Inc. is a full service real estate development and construction management company established in 2012, offering luxury residential construction, renovation services, and multifamily/commercial development across South Florida. The company's product portfolio includes the Aviara Properties sub-brand for property management of rental communities. Residential offerings span luxury single-family estates (waterfront properties in Boca Raton and Delray Beach with prices ranging from $3.3M to $3.5M) and home renovation projects in prestigious country clubs. Development projects include multifamily rental communities under the Aviara brand: Aviara East Pompano (228 luxury apartments with retail), Aviara Green (56 garden-style apartments in West Palm Beach), Aviara On The Ave (36 condos/townhomes in Lake Worth), Aviara Lake Worth (36 townhomes), and Aviara Palm Coast (256 luxury townhomes). Commercial offerings include Aviara Corporate Park offering 96,000 sq. ft. of industrial flex-space and office space in Pompano Beach.

Differentiator

Problem solved

Functional benefit

Brands

• Aviara Properties: Property management group and partner company to MAG Real Estate. Rental communities built by MAG are conceptualized and branded under the Aviara Properties umbrella. Focused on bringing modern rental communities to market across South Florida.

Products and services

• Aviara East Pompano Luxury multifamily rental community of two 8-story buildings comprising 228 luxury apartments and ground-floor commercial retail space in Pompano Beach, Florida, for residential renters and retail tenants.
• Aviara Green Modern 56-unit, three-story garden-style apartment complex in Green Acres of West Palm Beach, Florida, with resort-style pool area, for residential renters.
• Aviara On The Ave Boutique 36-unit condo and townhouse community in downtown Lake Worth, Florida, with completion expected in November 2020, for residential buyers and renters.
• Aviara Lake Worth Boutique 36-unit townhouse development in Lake Worth, Florida, on a 3.6-acre lot with lush greenspace, ponds, and community amenities, for residential renters.
• Aviara Palm Coast Luxury rental community of 256 townhomes on a 99-acre lot in Palm Coast, Florida, with recreation facilities, for residential renters.
• Aviara Corporate Park 96,000 square feet of rentable industrial flex-space and commercial office space in Pompano Beach, Florida, for commercial tenants.
• 924 Evergreen Drive 2019 luxurious waterfront estate in Tropic Isles, Delray Beach, with 100 feet of water-frontage, over 4,260 sq. ft. of living space, 4 bedrooms, and heated pool, sold to an individual luxury home buyer for $3,295,000.
• 851 NE 70th Street 2018 luxurious estate in Boca Harbour, Boca Raton, on a curved lot with 180 feet of wrapped intracoastal water-frontage, 5,935 sq. ft., and 5 bedrooms, sold to an individual luxury home buyer for $3,395,000.
• 801 NE Harbour Drive 2018 luxurious waterfront estate in Harbour East, Boca Raton, with 137 feet of intracoastal water-frontage, 6,000 sq. ft., 5 bedrooms, and modern pool with spa, sold to an individual luxury home buyer for $3,499,000.
• 17057 Northway Circle Renovation Full luxury renovation and modernization of an existing home in Saint Andrews Country Club, Boca Raton, Florida, for an individual affluent homeowner.
• 7228 Queenferry Circle Renovation Complete modernization of a 5-bedroom, 5-full-bath and 2-half-bath courtyard home with golf course view in St. Andrew's Country Club, Boca Raton, for an individual affluent homeowner.
• 7026 Ayrshire Lane Renovation Full luxury remodel and modernization of an existing home in Saint Andrews Country Club, Boca Raton, Florida, for an individual affluent homeowner.
• Aviara Properties Property Management Property management service delivered through sister company Aviara Properties, managing rental communities conceptualized and built by MAG Real Estate and addressing resident needs across South Florida.

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Aviara PropertiescoreChannel Partner/ Reseller/ DistributorAviara Properties is the property management group and partner company to MAG Real Estate. All rental communities built by MAG are conceptualized and branded under the Aviara Properties umbrella. Once communities are built, Aviara Properties manages the community and resident needs. Aviara focuses on bringing modern rental communities to market across South Florida.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• The Altman Companies: Florida-headquartered developer specializing in multifamily rental communities, with developments in South Florida submarkets that overlap directly with Aviara's geographic footprint.
• Kolter Group: Florida-based real estate developer active in luxury for-sale residential and multifamily rental communities across South Florida, mirroring MAG's owner-developer-operator approach.
• Minto Communities: Florida-headquartered developer with decades of experience in luxury single-family homebuilding, master-planned communities, and multifamily build-to-rent across Florida — directly comparable in product mix and geography to MAG's luxury + multifamily model.
• The Related Group: One of the largest Florida-focused real estate developers, with extensive luxury condominium and multifamily rental exposure across South Florida — comparable in product type and regional focus.

Broad incumbents

• D.R. Horton: Largest U.S. homebuilder with significant Florida operations across entry-level to move-up product — broad-incumbent competitor in the same regional new-construction market.
• Lennar Corporation: National homebuilder with substantial Florida single-family and multifamily rental (Lennar Multifamily Communities) operations — competes in the same end markets at a much larger scale.
• K. Hovnanian Enterprises: National homebuilder with established Florida operations across multiple price points — competes for lots, subcontractor capacity, and buyers in the same regional market.
• PulteGroup: National homebuilder (Centex, Del Webb, Pulte, John Wieland brands) with active Florida operations competing across the same South Florida submarkets as MAG.
• Tri Pointe Homes: National homebuilder with Florida exposure in move-up and luxury segments; competes for similar lot positions, trade partners, and buyers in coastal Florida.
• Toll Brothers: National luxury homebuilder with a meaningful Florida presence in luxury single-family and active-adult product; comparable on the luxury for-sale side of MAG's portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/magrealestateproperties
• Instagraminstagram.com/magrealestate/?hl=en

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 MAG Real Estate & Development