NRP Group

Co-founders J. David Heller (CEO) and Alan Scott lead the firm's strategic and investment decisions. Heller operates from the Cleveland headquarters and oversees the firm's development pipeline and institutional relationships, while Scott focuses on the Texas and Sun Belt operations. The firm's vertically integrated structure means that acquisition, development, and construction decisions sit within a single leadership team rather than being siloed across separate business units.

NRP does both, with a strong emphasis on affordable and workforce housing financed through Low-Income Housing Tax Credits (LIHTC) and similar state-level programs. The firm is one of the largest LIHTC developers in the country. It also builds market-rate apartments and has expanded into build-to-rent single-family communities, diversifying its revenue base across asset types that share construction and operational DNA.

NRP's pipeline is primarily sourced through long-standing relationships with state housing finance agencies, municipal planning departments, and institutional capital partners. Because the firm operates as its own general contractor and property manager, it can bid more competitively on tax-credit allocations than developers who outsource those functions. Repeat joint-venture partners — including major institutional investors like Ares Management — also bring deal flow to the firm.

NRP Group is a private real estate development and investment firm, not a family office. It was founded by J. David Heller and Alan Scott and operates as a for-profit developer, builder, and manager. Unlike a single-family office, NRP does not manage a discrete family's diversified wealth but instead pools institutional and private capital into multifamily development projects across the United States.

NRP concentrates on high-growth Sun Belt metros including Dallas, Houston, Phoenix, Charlotte, Tampa, and Atlanta, where population and job growth drive multifamily demand. It also maintains a book of business in Midwestern markets such as Cleveland and Columbus, reflecting its Ohio roots. The firm's London and Toronto offices support capital-raising and investor relations, though its development activity remains US-focused.

NRP frequently co-invests alongside institutional limited partners, including pension funds and large asset managers such as Ares Management, through joint-venture structures on individual developments. The firm does not operate as a traditional GP raising blind-pool funds; instead, it structures deals on a project-by-project basis, typically retaining development and property management fees in addition to a promote interest in the venture.

NRP Group maintains a charitable foundation focused on workforce development and housing affordability. The foundation operates separately from the firm's for-profit development business, though it often directs grants toward communities where NRP has a development presence. The structure follows a common pattern for large privately held developers that want to address community needs without mixing charitable activity into fee-generating project economics.