Specialized Real Estate Group
by April 8, 2024 8:30 am 82 views
Small Business finalists
Specialized Real Estate Group
Fayetteville
CEO: Jeremy Hudson
Year founded: 2010
Line of work: Real estate development and property management
Website: specializedreg.com
Although company co-founders Seth Mims and Jeremy Hudson initially collaborated in real estate back in 1998, it wasn’t until around 2010 that Specialized Real Estate Group took shape as a comprehensive development services company.
Specialized has become a prominent player in the region’s real estate sector. At its core, the firm is a development and property management company primarily focusing on multifamily development. However, the company also engages in commercial and hospitality development projects that align with its goal of creating meaningful places. The company is venturing into single-family development, expanding its portfolio to cater to diverse housing needs.
Since its first complete development project, the redevelopment of Eco Modern Flats in Fayetteville, SREG has emphasized healthy air quality, well-designed interiors, outdoor spaces and environmentally conscious practices. Hudson said the company’s commitment to incorporating technology and sustainable standards sets it apart in the industry.
One significant aspect of SREG’s growth is the expansion of its property management team alongside the development of new multifamily assets. The company acknowledges the importance of maintaining high standards after project completion to ensure an exceptional resident experience.
Regarding business growth, Specialized is set to deliver nearly double the number of multifamily units by the end of 2024. Additionally, the company has upcoming projects, including hotels and commercial developments, reflecting its robust pipeline and commitment to expansion.
Beyond financial success, Specialized has garnered industry recognition for its sustainability efforts. Notably, the South Yard development received the state’s first three-star Fitwel rating, highlighting the company’s dedication to fostering healthy communities.
What distinguishes SREG from its competitors is its adherence to values. The company prioritizes preserving existing assets, promoting healthy development, and enhancing community spaces. Its ability to achieve these goals while maintaining financial sustainability underscores its success.
Despite inflation and supply chain disruptions, Northwest Arkansas’ steady growth has provided ample opportunities for Specialized. The company remains committed to its roots in the region and aims to continue delivering well-designed, sustainable homes.
Looking ahead, SREG plans to double its current unit count in the next three to five years and further expanding its presence in the subsequent years. This ambitious growth plan reflects the company’s capabilities and market potential.
In addition to its business pursuits, SREG actively engages in philanthropic endeavors. The company supports Appleseeds, a nonprofit that promotes healthy eating and food education among youth, aligning with its commitment to sustainable living. Furthermore, the company’s affiliation with the Urban Land Institute reflects its dedication to responsible land use and development practices.