The company is able to respond to opportunities quickly with capital resources in place and has a proven track record of successful investments and well-executed projects. Province Group has a demonstrated ability to enter new markets, identify opportunities and create desirable living environments while achieving superior financial results.
Province Group excels at creating development and investment opportunities by focusing on the “value-creation” process. Our commitment to creative development solutions, community-based involvement, strong market positioning skills, tight cost controls, and highly professional project management sets Province Group apart from its competitors.
The company has owned or developed projects in:
- California
- Colorado
- Florida
- Georgia
- Texas
- Hawaii
- Washington
Province Group is uniquely qualified and positioned to recognize, react to, and capitalize on opportunities, and as a result has created substantial value and a portfolio of high-quality projects.
History
Province Group was founded during the harsh California recession in the early 1990s.
The company worked for major lending institutions directly, including First Interstate Bank, Wells Fargo Bank, and Colony Capital to assess, manage, and dispose of their large residential Real Estate Owned projects. This work-out experience provided Province Group with unique insight into the success and, more often, failure of some very large residential assets owned by some of California’s largest developers. Learning from the mistakes of others was incredibly valuable and provided deep experience in assessing challenged and/or failed assets and implementing value-add strategies.
By 1994, as the real estate market recovery was underway, Province Group began undertaking projects as a principal. Since its inception, Province Group and its affiliates have developed, renovated and/or acquired over 75 projects having a combined value in excess of $850 million dollars. The company has demonstrated an ability to identify attractive acquisition targets and to create and execute a viable and profitable exit strategy.
Since the early 1990s, Province Group has built a proven track record of investing in opportunities for extraordinary value creation and the development of high-quality development projects.
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