What Perry Commercial does

Perry Commercial is a family-owned commercial real estate development company headquartered in Murray, Utah, founded in 1976 by William Perry III. Operating across the Mountain West region (Utah, Nevada, Idaho, California, and Nebraska), the company delivers an integrated suite of real estate services: ground-up development of industrial, multi-family, office, and retail properties, property management, brokerage, investment acquisitions, design and architecture, and limited partner equity opportunities. The firm has developed more than 3 million square feet of residential and commercial space and currently manages 1,954 apartment units while another 312 units are in active development.

The company holds over 1,000 acres of strategically located Mountain West land, much of it in the Silicon Slopes corridor, providing a long-duration land bank for future projects. Operating geographies and asset classes have progressively diversified since the 1980s, with recent expansion into senior living, hospitality, automotive, and education (charter school) properties. Perry Commercial historically self-funded acquisitions and development, enabling quick closings without outside financing, though it has begun offering LP equity opportunities to institutional investors to accelerate land development.

Revenue is generated through multiple streams: one-time development and property sale proceeds, recurring managed-services fees from the 1,954-unit property management portfolio, transaction fees from brokerage and investment acquisitions, and capital partnership economics via LP equity offerings. Pricing is quote-based and individually negotiated for each transaction, with no public pricing disclosure. The company relies on its website, direct phone, and email inquiries as primary go-to-market channels and employs between 11 and 50 staff, operating under a private, family-owned ownership structure with no disclosed institutional investors.

Name

Perry Commercial

Legal name

Perry Commercial

Website

https://perrycommercial.net

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

11–50 employees

Short description

Perry Commercial is a family-owned commercial real estate developer and manager in Murray, Utah, serving Mountain West markets with integrated development, property management, brokerage, and investment services across industrial, multi-family, office, and retail assets.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

akta.pro primary industry

Retail & Mixed-Use Commercial Construction (IMAFACAB)

Keywords

• Commercial real estate development
• Property management services
• Real estate brokerage
• Investment acquisitions
• Multi-family development

Headquarters

HQ city

Murray

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commercial Real Estate Development: Full-service development of commercial real estate assets including retail, multifamily, office, industrial, and hospitality projects. The company develops properties for both its own portfolio and third-party clients.
2. Property Management: Management of commercial and residential properties with 1,954 units currently under active management.
3. Brokerage Services: Real estate brokerage representing tenants in expansions and landlords in operations, leasing, and liquidation of properties.
4. Investment Acquisitions: Strategic acquisitions of performing commercial properties, raw ground opportunities, and distressed assets.
5. LP Equity Opportunities: Institutional-quality development projects with equity partnership opportunities for investors.

Distribution channels1 record

Marketing channels3 records

Core offering

Perry Commercial is a full-service commercial real estate development company that manages the entire development lifecycle from site acquisition and entitlement through design coordination and construction oversight. The company develops and manages industrial, multi-family, office, and retail properties across the Mountain West, while also offering brokerage, property management, and LP equity investment opportunities.

Product overview

Perry Commercial is a commercial real estate development company offering an integrated suite of services including property management, development, design & architecture, brokerage, investments, and LP equity opportunities. The company manages a diverse portfolio of commercial properties across the Mountain West, categorized into four main property types: Industrial (warehousing, manufacturing, distribution facilities), Multi-Family (apartment communities), Office (commercial office buildings), and Retail (shopping centers, anchored retail centers). Perry Commercial develops and manages over 3 million square feet of residential and commercial spaces, with 2,194 apartments built and managed, 240 units sold, 1,954 units under active management, and 312 units currently in development.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management
• Commercial Real Estate Development
• Design & Architecture
• Brokerage Services
• Investment Acquisitions
• LP Equity Opportunities
• Industrial Properties
• Multi-Family Properties
• Office Properties
• Retail Properties

Quantifiable outcome

• Over 3 million square feet of residential and commercial spaces developed
• +2 more outcomes

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators8 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• J. Fisher Companies: J. Fisher Companies is a Mountain West-focused real estate investment and development firm active across office, industrial, and mixed-use assets, closely comparable to Perry Commercial in regional focus and asset mix.
• The Boyer Company: The Boyer Company is a long-standing Utah-based commercial real estate developer active across office, industrial, retail, and mixed-use assets in the Mountain West, directly comparable in scope, regional focus, and full-service development model.
• Hamilton Partners: Hamilton Partners is a privately held commercial real estate developer and investor with a vertically integrated platform spanning development, investment, and property management, similar in structure and asset-class diversification to Perry Commercial.
• Woodbury Corporation: Woodbury Corporation is a Salt Lake City-based commercial real estate developer and investment firm with a multi-decade track record developing office, industrial, retail, and mixed-use properties across the Mountain West, making it one of Perry Commercial's most direct regional peers.
• Gardner Capital: Gardner Capital is a privately held real estate investment and development firm active in multi-family and mixed-use developments, comparable to Perry Commercial's multi-family and investment acquisition activities, particularly in growth markets.

Broad incumbents

• Newmark Group: Newmark is a global commercial real estate advisory firm providing investment sales, leasing, and capital markets services, comparable to the transactional and capital-raising capabilities of Perry Commercial's brokerage and LP equity partnership efforts.
• CBRE Group: CBRE is the world's largest commercial real estate services firm offering brokerage, investment, and property management at global scale, representing the broad incumbent competition for Perry Commercial's brokerage and investment acquisition services.
• Cushman & Wakefield: Cushman & Wakefield is a global commercial real estate services firm offering brokerage, valuation, and property management that competes with Perry Commercial's brokerage and asset management capabilities across the Mountain West.

Others

• CW Capital / A10 Capital (Mountain West debt providers): A10 Capital is a Utah-based commercial real estate debt provider and capital partner serving Mountain West developers, comparable to Perry Commercial as a capital ecosystem participant that interacts with the company's development financing and LP equity activities.

Regional players

• Ivory Homes / Ivory Commercial: Ivory Homes and its affiliated commercial arm are major Utah-based developers with deep roots in the Mountain West, overlapping with Perry Commercial in multi-family and mixed-use development within the same regional submarkets.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/perry-commercial-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Perry Commercial