Realtex Development Corporation ("Realtex") is a professional real estate development company with extensive experience and a unique approach to the real estate business.
Realtex was formed in early 1998 with a focus on creating high quality multi-family properties while providing sound investments for the participants. The principals, Rick J. Deyoe and John O. Boyd, have extensive experience in selecting both solid real estate markets and product designs, which encompass all of the parameters of truly quality developments. These objectives enhance the investor's safety, while providing the highest quality affordable and market rate housing in the state. In fact, as a Realtex community is built, it instills a positive impact on the living and social conditions of the neighborhoods surrounding the property.
Since the company's focus is based on sound real estate principles, each market for a proposed Realtex property is scrutinized to ascertain feasibility. Particular attention is paid to the employment, economic, and demographic characteristics in determining the viability and depth of each market. In addition, Realtex takes into consideration the physical components of each project. Each site is chosen for its prime location and ease of development. Product type is another key factor, and Realtex specializes in responding to the varying demands of each market and implementing cost effective designs and market-oriented amenities.
Our diverse portfolio of properties is comprised of four strategic business units:
- Affordable Housing (including HUD)
- Market Rate Luxury Apartment Homes
- Senior Affordable Housing
- Student & University Housing
By utilizing such financing structures as the Low Income Housing Tax Credit (LIHTC), Tax Exempt Mortgage Backed Revenue Bonds, and various HUD programs, as well as working with other federal, state, and local municipalities for additional grants and subsidies, Realtex is able to create luxury apartment homes with high-end amenities for its residents, and yet lease them at affordable rental rates. Additionally, every Realtex property provides extensive supportive services for its residents such as after school programs, health screening, job training, credit counseling, and computer training.
The Realtex team has experience in coordinating various experts and streamlining the development process with local municipalities. Realtex has access and relationships with a nationwide pool of reliable, professional multi-family consultants, leaders in lending and mortgage bankers, and various for-profit and non-profit partners.
From the inception of every project, a professional management team is in place for continuity and quality control. We go to great lengths to make residents of our properties proud of their homes. They must be functional, convenient and comfortable. Prompt attention to all maintenance, requests and property management completes our sphere of quality in the development business. Ultimately, there is no better testament than satisfied residents.
Through its systems, procedures, and relationships, the company's vision and leadership provides a clear direction and commitment to the construction and development of the highest quality multi-family housing available. Our conservative business practices are reflected in every community we develop. Genuine concern, care and consideration are given to each and every property to provide the absolute best in living and amenities for our residents.