Newport Realty Group

What Newport Realty Group does

Newport Realty Group, LLC is a privately held Connecticut real estate development firm headquartered in Plantsville (within Southington), CT, co-founded by Mark Lovley (President of Lovley Development, Inc., a homebuilder operating since 1985 with 1,400+ custom homes built) and Tony Valenti (Managing Member of Newport Realty Brokers, LLC, a commercial real estate broker firm established in 2000 with hospitality development experience including two Hampton Inn hotels). The firm specializes in two product lines: 55+ active adult residential communities (Aberdeen Estates, Turnberry Estates, Oakmont Estates, and Willow Brook Estates featuring townhomes and ranch homes of 1,444-1,950 SF) and mixed-use commercial developments (notably Steele Center, an 80,000 SF transit-oriented project in Berlin, plus Newport Center, Naubuc Professional Center, and built-to-suit assets like a Dairy Queen Grill & Chill).

The business model spans four revenue streams: development fees (project-based work from site evaluation through construction management), property management (recurring managed services for the owned portfolio across Berlin, Farmington, Plainville, and Southington), residential real estate sales (one-time unit sales in 55+ communities), and commercial leasing (recurring rents from retail, office, and restaurant suites). Vertical integration is achieved through affiliated entities — Lovley Development provides in-house construction capability and Newport Realty Brokers provides brokerage and hotel expertise. The go-to-market approach is sales-led and relationship-driven, working directly with individual home buyers, commercial tenants, and community development projects, supported by earned media coverage in regional outlets such as Hartford Business, My Record Journal, and New Britain Herald.

The firm operates with a lean team (1-10 employees) and has no disclosed external institutional funding. Recent strategic activity indicates above-market expansion: new geographic entry into West Hartford via Ringgold Estates (2023 town council approval), addition of property management services (2021), and recognition through 2023 HBRA HOBI Awards for Best Mixed-Used Community (Steele Center) and Best 55+ Adult Community (Willow Brook Estates), plus Hartford Business Journal Power 25 Real Estate recognition for both principals.

Name

Newport Realty Group

Legal name

Newport Realty Group, LLC

Website

https://newportrealtygroupct.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Newport Realty Group is a Connecticut real estate firm founded by Mark Lovley and Tony Valenti, developing 55+ active adult communities and mixed-use commercial properties. The firm delivers end-to-end services from site evaluation through property management across Connecticut towns.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Real Estate Property Managers (53131), Lessors of Other Real Estate Property (53119)

SIC

Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)

akta.pro secondary industries

Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG), Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE)

Keywords

• Commercial real estate development
• Residential property development
• 55 plus adult communities
• Mixed-use development
• Property management services

Headquarters

HQ city

Plantsville

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Development Fees: Fees earned from developing residential and commercial properties from site evaluation through project completion, including land acquisition, approvals, and construction management.
2. Property Management: Ongoing property management services for commercial and residential properties owned and managed by the company in Berlin, Farmington, Plainville, and Southington.
3. Real Estate Sales: Sale of residential units including townhomes and single-family homes in 55+ active adult communities such as Aberdeen Estates, Turnberry Estates, Oakmont Estates, and Willow Brook Estates.
4. Commercial Leasing: Leasing of commercial retail, office, and restaurant space including properties at Steele Center, Newport Center, and Naubuc Professional Center.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Newport Realty Group is a Connecticut real estate development firm that acquires, develops, and manages commercial and residential properties. The company offers full-service development from site evaluation, due diligence, land acquisition, and municipal approvals through architecture, engineering, financing, construction management, and post-occupancy services, alongside property management for its owned portfolio of mixed-use commercial buildings and 55+ adult residential communities.

Product overview

Newport Realty Group is a real estate development firm offering a comprehensive suite of services across the development lifecycle—from site evaluation and financing through design, construction, and property management. The company operates primarily in Connecticut, developing both residential and commercial properties. Their residential portfolio includes multiple 55+ adult communities (Aberdeen Estates, Turnberry Estates, Oakmont Estates, Willow Brook Estates) featuring townhomes and ranch homes ranging from 1,444-1,950 SF. Their commercial portfolio includes mixed-use developments like Steele Center (70 apartments plus 19,000 SF retail/office), Newport Center (9,520 SF fully leased), Naubuc Professional Center, and specialty tenants like DQ Grill & Chill. The company also offers property management services for their owned commercial and residential properties in Berlin, Farmington, Plainville, and Southington.

Differentiator

Problem solved

Functional benefit

Products and services

• Aberdeen Estates A 55+ adult community of 32 attached townhomes across 11 buildings in Middlebury, CT. Two-story design with 1,950 SF, 3 bedrooms, 2.5 baths, main-level primary bedroom suite, vaulted fireplaced living room, and 2-car attached garage. Marketed to active adult buyers seeking low-maintenance living.
• Turnberry Estates A 55+ adult community of 34 detached ranch homes in Watertown, CT. Three floor plans from 1,444–1,620 SF with 3 bedrooms, 2 full baths, vaulted living/dining/kitchen area, fireplace, patio, full basement, and 2-car attached garage. Marketed to active adult buyers.
• Oakmont Estates A boutique 55+ community of 12 attached townhomes across three buildings in Plainville, CT, near Norton Park. Designed for refined, low-maintenance lifestyle with exceptional craftsmanship and elegant finishes. Marketed to active adult buyers.
• Willow Brook Estates A 55+ adult community in Plainville/Farmington, CT with 61 home sites bordered by conservation open space and hiking trails. Built by Lovley Development. Recognized as Best 55+ Adult Community in CT at the 2023 HBRA HOBI Awards.
• Steele Center An 80,000 SF mixed-use development in Berlin, CT next to the Berlin Train Station, including 70 market-rate apartments and 19,000 SF of restaurant, office, and retail space across four buildings. Comprises 9 Steele Blvd (mixed-use, 3 stories, 16 apartments), 10 Steele Blvd (mixed-use, 2 stories, 7,900 SF retail, 4 apartments), 29 Steele Blvd (standalone, 1,600 SF), and 55 Steele Blvd (50 studio/one/two bedroom apartments, coming late 2025). Tenants include Hop Haus restaurant and Fitness By Design Training Studio.
• Newport Center A 9,520 SF mixed-use property in Kensington, CT (Berlin borough) featuring office, restaurant, and retail suites on Farmington Ave. Fully leased to commercial tenants.
• Naubuc Professional Center A 1.38-acre property in Glastonbury, CT with two professional/medical office buildings (3,174 SF and 3,000 SF). Building 1 has two 1,587 SF suites, home to Sarah Victor Beauty; Building 2 is home to Pounds Transformation. Targets professional and medical tenants.
• DQ Grill & Chill (Built-to-Suit) A 1,886 SF built-to-suit Dairy Queen Grill & Chill restaurant on a 1.10-acre site at 213 Chase Ave, Waterbury, CT. Delivered to the franchisee as a turnkey build-to-suit project.
• Ringgold Estates Townhome development in West Hartford, CT approved by town council. Residential townhome community.
• Real Estate Development Services Full-service real estate development offering covering site evaluation, due diligence, land acquisition, navigating city approvals, securing financing, architecture, structural engineering, interior design, sustainable design, feasibility studies, pre-construction planning, conceptual estimating, construction management, integrated project delivery, and post-occupancy services. Also includes ongoing property management for owned commercial and residential properties in Berlin, Farmington, Plainville, and Southington, CT.

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Lovley Development, Inc.coreStrategic or Co-development PartnerMark Lovley's development and construction company. Fully licensed and insured home builder serving Plantsville, CT since 1985. Has built more than 1,400 local custom homes. Also purchases, renovates, and manages commercial properties including shopping plazas, apartment buildings, and professional office space throughout Connecticut.
• Newport Realty Brokers, LLCcoreStrategic or Co-development PartnerTony Valenti's hotel development company and commercial real estate broker firm established in 2000. Business partner in two Hampton Inn by Hilton Hotels in Connecticut. Specializes in all aspects of commercial real estate. Owns and manages mixed-use residential and retail properties.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Bozzuto Group: Mid-Atlantic and Northeast mixed-use and multifamily developer with development, construction, and property management capabilities. Comparable vertical integration model (development + management) and mixed-use product type to Newport's Steele Center playbook.
• Shea Homes Trilogy: National homebuilder's Trilogy brand focuses exclusively on 55+ resort-style communities. Comparable in 55+ attached and detached product, amenitized community design, and townhome/ranch unit mix to Newport's active adult portfolio.
• K. Hovnanian Homes 55+ Communities: National homebuilder with age-restricted community offerings in the Northeast. Comparable in 55+ attached/detached product targeting the same demographic cohort that Newport serves in Connecticut.
• Toll Brothers Active Adult (Regency at): National homebuilder with a dedicated 55+ active adult division ("Regency at") operating across the Northeast including Connecticut. Comparable as a direct competitor in 55+ attached and detached housing product but with dramatically greater scale, capital access, and brand recognition.
• Del Webb (PulteGroup): The leading U.S. 55+ active adult community brand operated by PulteGroup, with established Northeast presence. Comparable in target demographic (55+ attached/detached product) and community amenity model to Newport's active adult communities, though at vastly greater scale.

Direct peers

• RMS Companies: Stamford, Connecticut-based real estate development firm focused on mixed-use, multifamily, and commercial projects across the Northeast. Comparable to Newport as a similarly sized, regionally focused developer pursuing transit-oriented and mixed-use opportunities in the same state and demographic corridor.
• The Leyland Companies: Connecticut-based commercial real estate developer and owner focused on mixed-use and mixed-income projects in the Greater Hartford region. Comparable in geographic focus, project scale, and target tenant mix to Newport's Connecticut portfolio.
• Bender & Company Real Estate: Connecticut-based commercial real estate development and brokerage firm with a long history in retail, office, and mixed-use assets across the state. Comparable in operating model (developer + broker) and geography to Newport.
• Haynes Development Company: Connecticut-based real estate development and construction company with a long regional track record in commercial, residential, and mixed-use projects. Comparable to Newport in scale, geography, and product mix.

Emerging players

• Beacon Communities: Northeast-focused multifamily and mixed-use developer with active Connecticut presence. Comparable in mixed-use ground-up development, transit-oriented orientation, and integration of residential with retail components as in Newport's Steele Center.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Newport Realty Group