D+P Real Estate

What D+P Real Estate does

D+P Real Estate is a privately held, vertically integrated real estate development, investment, construction, and advisory firm headquartered in Providence, Rhode Island, founded in 2006 by Jordan Durham. The firm operates as developer, builder, sponsor, and owner on its own portfolio while also providing advisory services to non-profit community development organizations. Its core focus is urban infill development, adaptive reuse of historic and brownfield sites, and sustainable construction — exemplified by The Box Office (a 35-container office prototype, 2010), 1492 Westminster (Rhode Island's first certified multifamily passive house, 2021), and Parcel 6 (a $29M mixed-use project with Trader Joe's anchor, 2023).

The company's technology and product differentiators are physical rather than digital: container-based construction, passive house building envelopes with 12-inch walls and triple-glazed windows, double-stud wall systems, high-performance heat pumps, ERVs, and 90 KW solar arrays. Across its 13+ year operating history, D+P has delivered roughly 233+ residential units and over $54M of cumulative project budgets across Providence and Cranston, with completed projects receiving recognition including a 2020 AIA Honor Award for The Upton & Urban Greens.

D+P generates revenue through four streams: development and project delivery services, in-house construction management for its own portfolio, sponsor-level real estate investment (develop, own, manage for long-term value with periodic dispositions, as evidenced by the 2022 sale of 101 Hillside and 2023 sale of Garden City), and advisory/consulting services to non-profits and community groups. Pricing is project-specific and not publicly disclosed. Go-to-market is sales-led and relationship-driven, leveraging the founder's Harvard-trained urban planning expertise, a stable network of repeat partners (Truthbox Inc., Durham Construction, Bank RI), and access to layered public financing (LISC, Rebuild RI Tax Credits, RI Housing, City of Providence AHT Funds, Providence Revolving Fund). Customer concentration is deal-based rather than tenant-based, with anchor retail and co-op tenants at flagship projects complemented by a broad residential and small-office base across scattered-site assets.

Name

D+P Real Estate

Legal name

D+P Real Estate

Website

https://durhampolak.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

D+P Real Estate is a privately held Providence, RI-based real estate development, investment, construction, and advisory firm founded in 2006, specializing in urban infill, adaptive reuse, and sustainable mixed-use projects for private developers, investors, and non-profit community organizations in Rhode Island.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Lessors of Residential Buildings and Dwellings (53111), Other Activities Related to Real Estate (531390)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Multifamily Apartment Property Management (BPAJAFAA), Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL)

Keywords

• Urban real estate development
• Sustainable building construction
• Mixed-use development
• Adaptive reuse development
• Passive house construction

Headquarters

HQ city

Providence

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Development Services: Full range of real estate development services including planning, design oversight, and project delivery for complex urban real estate projects. Serves affiliated entities, private developers, investors, community groups, and non-profit organizations.
2. Construction Management: Construction management services for D+P's own portfolio projects. The firm acts as developer, builder, and owner on its own developments, managing all aspects of the construction process.
3. Real Estate Investment & Sponsorship: Invests as sponsor in projects that meet the firm's core principles of sustainable design and urban revitalization. Develops, owns, and manages properties for long-term value.
4. Advisory & Consulting Services: Consulting services to non-profit organizations and community groups engaged in commercial real estate and housing development activities.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

D+P Real Estate is a full-service real estate development, investment, construction, and advisory firm that develops, owns, and manages urban real estate projects. The firm delivers planning, design oversight, construction management, and project delivery for complex urban infill, adaptive reuse, and mixed-use developments, while also sponsoring projects as investor and providing consulting to non-profits and community groups. Its portfolio spans multifamily housing, mixed-use buildings, and sustainable commercial space concentrated in Providence and Cranston, Rhode Island.

Product overview

D+P Real Estate is a real estate development, investment, construction, and advisory firm offering a portfolio of urban real estate projects. Their projects span multifamily housing (PARCEL 6, THE UPTON, GARDEN CITY, 1492 WESTMINSTER, 101 HILLSIDE), sustainable office space (THE BOX OFFICE), and mixed-use developments. The company specializes in adaptive reuse, passive house construction, and sustainable urban infill projects, providing development, construction management, and advisory services across Rhode Island.

Differentiator

Problem solved

Functional benefit

Products and services

• Parcel 6 A 62-unit multifamily apartment mixed-use development in Providence's I-195 District featuring approximately 50% below-market-rate workforce housing units, anchored by a Trader Joe's grocery store, with a 162-space shared parking garage and 10,000 SF retail space. Completed in 2023.
• The Upton & Urban Greens A mixed-use urban infill development anchored by the Urban Greens community grocery Co-op, comprising 30 mixed-income apartments with sustainable construction features including double stud wall construction, high-performance heat pump systems, and a 90 KW solar array. Won an AIA Honor Award in 2020. Completed in 2019.
• Garden City A redevelopment of a former Catholic school site in Cranston, RI, integrating 49 market-rate rental units through 20 renovated units in the existing school building (45 Pop Lofts) and 29 new-construction apartments with underground parking, located adjacent to Garden City Center shopping. Completed 2014–2016 and sold in 2023.
• 1492 Westminster An 8-unit ground-up mixed-use development in Providence, RI — the first certified multifamily passive house project in the State of Rhode Island — comprising 7 residential units with 12-inch thick walls, triple-glazed windows, and Energy Recovery Ventilators (ERVs) in every unit, plus a ground-floor bar and restaurant ('Lucky Enough'). Completed 2021.
• The Box Office A collaborative office and incubator space built from 35 recycled shipping containers on a former Brownfield site in Providence's west side, providing approximately 12,000 SF of newly constructed office space that uses approximately 50% less energy than typical new construction (22 kBTU/SF/yr), with energy use further reduced by a rooftop PV solar array. Targets small companies committed to sustainable design. Completed 2010.
• 101 Hillside A gut renovation of a former assisted living facility in Providence converted into a 22-unit modern apartment building targeting young professionals, graduate students, and local neighbors seeking modern urban housing. Completed 2016–2017 and sold in 2022.

Quantifiable outcome

• The Box Office uses approximately 50% less energy than typical new construction office buildings (22 kBTU/SF/yr)
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Truthbox Inc.coreStrategic or Co-development PartnerArchitectural partner on multiple projects including The Box Office, 1492 Westminster, 101 Hillside, Garden City, The Upton & Urban Greens, and Parcel 6. Collaborates on design and planning for complex urban developments.
• Stack + Co.coreStrategic or Co-development PartnerBuilder for The Box Office project. Contributed to construction of the container-based office development using recycled shipping containers.
• Durham ConstructioncoreStrategic or Co-development PartnerBuilder for 1492 Westminster, 101 Hillside, Garden City, and The Upton & Urban Greens projects. Long-term construction partner for D+P's development portfolio.
• ZDS Inc.minorStrategic or Co-development PartnerArchitectural partner on Parcel 6 development alongside Truthbox Inc.
• New England ConstructionminorStrategic or Co-development PartnerContractor for Parcel 6 development in I-195 District.
• Urban Greens Co-opcoreStrategic or Co-development PartnerCommunity-owned grocery co-op anchor tenant at The Upton & Urban Greens development. Over 2,000 member owners. D+P developed the 8,000 SF grocery space specifically for this community co-op.
• One Neighborhood BuildersminorStrategic or Co-development PartnerNon-profit community development corporation based in Olneyville neighborhood. Founder Jordan Durham serves on the board, supporting community-focused development initiatives.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Pennrose: Multifamily, mixed-use, and adaptive-reuse developer active in the Northeast with comparable urban infill, mixed-income, and sustainable construction exposure to D+P.
• Conifer Realty: Northeast-based multifamily developer and manager with affordable and market-rate portfolios; comparable to D+P in multifamily development pipeline and mixed-income project execution.
• The Community Builders: Non-profit affordable and mixed-income multifamily developer with strong Northeast footprint; comparable to D+P in mixed-income urban development, public financing stacking, and community-anchor projects.
• NRP Group: Multifamily developer with significant affordable/workforce housing portfolio and Northeast presence; comparable to D+P in mixed-income urban development and large-project financing capability.
• L+M Development Partners: Urban multifamily and mixed-use developer with deep affordable housing practice; comparable to D+P in mixed-income urban infill, complex capital stacking, and mixed-use community-anchored developments.
• Jonathan Rose Companies: Mission-driven urban developer focused on affordable and mixed-income multifamily, sustainable design, and brownfield/infill redevelopment—closely aligned with D+P's sustainable urban infill and mixed-income housing model.
• Beacon Communities: Affordable and mixed-income multifamily developer with adaptive-reuse and mixed-use experience; comparable to D+P in urban mixed-income housing delivery and use of public/private financing stacks.
• Preservation of Affordable Housing (POAH): Non-profit affordable housing developer focused on preservation and adaptive reuse; comparable to D+P in adaptive reuse (e.g., 101 Hillside) and community-oriented urban development.

Broad incumbents

• WinnCompanies: Large multifamily developer, owner, and manager with broad national portfolio; broader incumbent that overlaps with D+P in multifamily development and management but operates at significantly greater scale.

Regional players

• AHC Inc. Mid-Atlantic nonprofit affordable housing developer focused on urban and mixed-income communities; comparable to D+P in mission and mixed-income urban development but serves a different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

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 D+P Real Estate