What Marx Development Group does

Marx Development Group (MDG) is a privately held, founder-controlled real estate development company headquartered in Fresh Meadows, New York, founded in 1986 by David Marx. The firm operates a vertically integrated platform spanning the full real estate lifecycle: acquisition, financing, architectural design, construction, sales/leasing, and ongoing property and asset management. Core asset classes include healthcare and senior living (the primary segment, comprising skilled nursing facilities and assisted living communities), hospitality, residential, commercial, and educational properties, with a current strategic focus on healthcare facilities in underserved markets.

The business is executed through a network of wholly owned subsidiaries: Atria Builders, LLC handles general contracting ($800M+ of properties delivered over 20 years); DSM Design Group provides in-house architectural and engineering design; Rockhall Funding Corp operates as a federally regulated HUD Mortgage Lender ($700M+ in loans generated); Manhattan Regional Center is a licensed EB-5 Regional Center raising foreign capital; and operating subsidiaries (Endeavor Hospitality Group, Boulevard Assisted Living, Majestic Care, Boulevard Health Management) manage the owned portfolio. The company maintains regional offices in Indiana, Texas, California, and Israel, with international representatives in China, Hong Kong, South Korea, and Brazil.

Revenue is generated through five streams: one-time property development and sales, recurring property and asset management fees, construction services via Atria Builders, HUD mortgage lending transaction fees via Rockhall, and EB-5 capital raising economics via Manhattan Regional Center. Long-standing capital relationships with HUD, the NYC Housing Development Corporation, and the NYC Community Preservation Corporation, combined with access to public bond markets in Israel, provide diversified, low-cost funding. The company has developed properties valued at almost half a billion dollars over its 30-year history and currently oversees 4M+ square feet under management or construction, 1,000 hotel keys, 4 residential buildings, and 2,000 senior living beds.

Name

Marx Development Group

Legal name

Marx Development Group

Website

https://marxdevelopmentgroup.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

Marx Development Group is a privately held, vertically integrated real estate development firm founded in 1986 that develops, finances, builds, and manages healthcare, senior living, hospitality, and residential properties through subsidiaries including Atria Builders, Rockhall Funding, and Manhattan Regional Center.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Management of Companies and Enterprises (5511), Architectural Services (541310)

SIC

Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Independent Living Community Development & Construction (Senior Housing Developers) (HLADAAAH)

akta.pro secondary industries

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG), Conference Retreat Hotels (THAGALAG)

Keywords

• Real estate development
• Property management services
• Construction contracting
• HUD mortgage lending
• Senior living facilities

Headquarters

HQ city

Fresh Meadows

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Development and Sales: MDG develops properties across multiple asset classes including healthcare, assisted living, residential, hospitality, and educational institutions. Properties are either sold or retained for ongoing management.
2. Property and Asset Management: MDG manages its own portfolio of properties including healthcare facilities, assisted living, residential buildings, and hospitality properties, generating recurring management fees.
3. Construction Services: Atria Builders, LLC, a subsidiary, provides construction services for MDG development projects and generates revenue from construction contracts.
4. HUD Mortgage Lending: Rockhall Funding Corp., a federally regulated HUD Mortgage Lender, generates loans for healthcare and residential deals. Has generated more than $700,000,000 in loans.
5. EB-5 Capital Raising: Manhattan Regional Center, a licensed EB-5 Regional Center, raises EB-5 capital for MDG developments.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

Core offering

Marx Development Group is a vertically integrated real estate development company that performs acquisition, financing, design, construction, property management, and asset management across healthcare, senior living, residential, hospitality, and commercial asset classes. It delivers projects through wholly-owned subsidiaries including Atria Builders (general contracting), DSM Design Group (architectural design), Rockhall Funding Corp (HUD mortgage lending), and Manhattan Regional Center (EB-5 financing), and operates senior living and hospitality assets through Boulevard Assisted Living Community, Boulevard Health Management, Majestic Care, and Endeavor Hospitality Group.

Product overview

Marx Development Group (MDG) is a vertically integrated real estate development company offering a multi-disciplinary platform spanning development, funding, design, construction, purchase, and property management. The company operates across multiple asset classes including senior living (Boulevard Assisted Living Community, Majestic Care, Boulevard Health Management), hospitality (Endeavor Hospitality Group), residential, retail, and office sectors. MDG's integrated model includes Atria Builders (construction), DSM Design Group (architectural design), Rockhall Funding Corp (HUD mortgage lending), and Manhattan Regional Center (EB-5 financing), enabling the company to control the full development lifecycle from acquisition through operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Development Services Vertically integrated real estate development services spanning acquisition, financing, design, construction, property management, and asset management for healthcare, senior living, residential, hospitality, and commercial assets. Targeted at enterprise operators, sponsors, and investors in healthcare and senior living real estate, and at the firm's own long-term portfolio.
• Atria Builders, LLC — Construction Services NYC-based general contractor providing construction services for hospitality, residential, healthcare, entertainment, office buildings, and educational facilities. Built into MDG developments, with $800mm+ of properties developed and constructed over 20 years. Targeted at MDG's own real estate projects.
• Rockhall Funding Corp — HUD Mortgage Lending
• Manhattan Regional Center — EB-5 Capital Raising
• DSM Design Group — Architectural Design Services
• Boulevard Assisted Living Community
• Endeavor Hospitality Group — Hotel Management
• Majestic Care — Senior Living and Care Operations
• Boulevard Health Management — Healthcare Facilities Management

Quantifiable outcome

• Over $800 million in construction projects completed by Atria Builders over 20 years
• +3 more outcomes

Segments5 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.

• Atria Builders, LLCcoreStrategic or Co-development PartnerNYC-based General Contractor, wholly owned by David Marx, that has developed and constructed more than $800mm of properties over 20 years. Provides in-house construction services for MDG development projects.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• The Durst Organization: Privately held NYC real estate developer and owner-operator of office, residential, and retail. Comparable to MDG as a founder-controlled, multi-generational vertically integrated NYC developer.
• Atria Senior Living: Major national operator and developer of assisted living communities. Directly comparable to MDG's Boulevard Assisted Living and Majestic Care subsidiaries in senior living operations and development.
• L+M Development Partners: NYC-based real estate developer focused on mixed-income, affordable, and market-rate housing as well as commercial developments. Comparable to MDG in geography (NYC focus), asset class breadth, and integration of development with property management.
• Tishman Speyer: Global real estate developer, owner, operator, and fund manager with vertically integrated capabilities across residential, office, life sciences, and retail. Comparable to MDG in integrated ownership and multi-asset class approach.
• The Related Companies: Major vertically integrated real estate developer with in-house development, construction, design, and asset management across residential, affordable housing, and mixed-use. Closely comparable to MDG's integrated model across asset classes.
• Greystone & Co. National HUD/Fannie Mae/Freddie Mac mortgage lender and real estate services firm serving healthcare, multifamily, and affordable housing. Directly comparable to Rockhall Funding Corp's federally regulated HUD lending model within MDG.
• National Health Investors: Healthcare REIT specializing in skilled nursing, assisted living, and senior housing real estate. Comparable to MDG's healthcare/senior living property ownership and leasing to operator model.

Broad incumbents

• Walker & Dunlop: Large publicly traded commercial real estate finance company dominant in HUD/Fannie Mae/Freddie Mac lending. Comparable to Rockhall in federally regulated healthcare and multifamily lending focus, though at much greater scale.
• Brookfield Property Group: Global vertically integrated real estate platform across office, retail, multifamily, hospitality, and logistics. Comparable to MDG in multi-asset integrated ownership, though at vastly greater scale.

Others

• First American Title / Fidelity National Financial: National title insurance and real estate transaction services provider. Comparable as a real estate ecosystem enabler serving developers and lenders including those using HUD financing, though not a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/marx-development-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries8 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 Marx Development Group