Business Details
Trusted Real Estate Development and Construction Services
The PRC Group has redefined leadership in commercial and residential real estate development through six decades of innovation and expertise. Our affiliated companies specialize in ownership, development, operations, and management, delivering tailored solutions for residential communities, commercial properties, campus developments, and new home construction. With a consistent management team across all entities, we combine talent, technology, and trustworthiness to create value through efficient project execution and long-term partnerships. Our track record includes transformative projects like Campus Town at The College of New Jersey and mixed-use developments that integrate housing, retail, and community spaces.Recognized for public-private partnerships and distressed asset recovery, we maintain a focus on quality, sustainability, and client satisfaction. Our leadership team brings decades of experience in real estate, finance, and construction, ensuring every project meets rigorous standards of excellence. From student housing to luxury condominiums, we design communities that enhance lifestyles while delivering measurable returns for stakeholders.
Services
Residential Development
Commercial Construction
Campus Housing
Property Management
New Home Communities
Highlights and features
- We offer 60 years of proven expertise in residential and commercial real estate development.
- Our public-private partnerships deliver transformative community-focused projects at no cost to institutions.
- Award-winning designs integrate sustainability, modern amenities, and strategic location planning.
- Comprehensive in-house services cover construction, property management, and distressed asset recovery.
- Experienced leadership team with deep roots in finance, construction, and real estate operations.
Services
Residential Development
We develop high-quality residential communities ranging from luxury condominiums to student housing. Our projects integrate modern design, sustainable materials, and strategic location planning to meet diverse market needs. With expertise in distressed asset recovery and public-private partnerships, we create value-driven housing solutions that enhance community living standards.
Commercial Construction
Our commercial construction services cover office complexes, retail centers, and industrial facilities. We specialize in full-scope construction from tenant build-outs to turn-key developments. Using advanced technologies and safety protocols, we deliver efficient, code-compliant structures tailored to client specifications and municipal requirements.
Campus Development
We design and build mixed-use student housing communities that combine living spaces with retail and recreational amenities. Our projects, like Campus Town at TCNJ, create vibrant environments that support academic and social experiences while maintaining financial sustainability through public-private partnerships.
Property Management
Our property management division handles residential and commercial assets, focusing on tenant relations, maintenance, and financial reporting. We implement preventive maintenance programs and technology-driven solutions to maximize asset value and ensure long-term operational efficiency for clients.
New Home Communities
We create lifestyle-focused neighborhoods including townhomes, single-family homes, and active-adult communities. Each project combines traditional craftsmanship with modern amenities, featuring meticulously planned layouts that optimize space, accessibility, and environmental integration.
People
Robert M. Kaye
Chairman and CEO
Founder of The PRC Group with over 60 years of real estate experience. A licensed broker and certified property manager, he chairs legislative committees for community reinvestment and philanthropic organizations.
Mary Riccardi
President and COO
Leads daily operations with strategic oversight across all company divisions. Brings extensive management expertise in real estate development and property operations to ensure organizational efficiency.
Steven A. Kaye
Executive Vice President
Manages residential and commercial properties with 30+ years in construction and property management. Holds CPM designation and serves on multiple industry boards including the New Jersey Builders Association.
Kenneth T. Koehler
Vice Chairman
Real estate finance expert with 40+ years in construction lending and commercial property management. Former bank CEO with military service and board roles at Cumberland Farms and Amboy Bank.
Lee Panfili
Senior Vice President
Construction leader with 25+ years in residential development. Former Chesterfield Township Mayor, specializing in code compliance and municipal relations for large-scale projects in New Jersey and Pennsylvania.
Questions
What types of real estate projects does The PRC Group specialize in?
We focus on residential developments, commercial construction, campus housing, property management, and new home communities across New Jersey.
How long has The PRC Group been in business?
Our companies have operated for nearly 60 years, with expertise spanning multiple generations of real estate development.
Do you work on public-private partnership projects?
Yes, we specialize in public-private partnerships, including Campus Town at The College of New Jersey, developed at no cost to the institution.
What geographic areas do you serve?
Primarily New Jersey, with projects in Red Bank, Jersey City, Bayonne, and surrounding communities.
Are financing options available for new home buyers?
Financing availability depends on specific projects; contact our sales team for details about current communities.
Reviews (5)
Ayesha P.
Apr 15, 2022
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Stay away from this company! They owned the worst apartment building I have ever lived in and I'm now in a legal battle with them over my security deposit that was never returned to me.
Jay
Jan 15, 2022
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The new property manager and the new maintenance staff are not good. One's maintenance request would just sit with the staff but they would not act on it. They would rather sit idle than do any work. I would not recommend that anyone move in at a property managed by PRC Management since they are really bad at returning tenants' security deposits once tenants move out.
Mike
May 29, 2020
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Critical: Professionalism Absolutely the worst. Yes "0" Stars would be the appropriate rating. The worst CS, definitely do not care about their customers whatsoever.
Adam Saltos
May 19, 2020
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Yeah if zero stars were an option it would be given a zero. They do nothing to ensure that your apartment is to code. My balcony is rotting and they are aware. The railing on the balcony is not secure. And tonight I'm without air conditioning.
Gina Caputo
Jan 25, 2020
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If I could give zero stars I would. DO YOURSELF A FAVOR AND NEVER RENT FROM ANY OF THIER APARTMENTS! The Management is extremely nasty and insane. The property Manager Elsa Perera is awful, had a meeting with her to discuss leaving my apartment and all she did was yell and scream- when asking her for things in writing she told me not to tell her how to do her job and I would be there all day if I waited for it. They lie and make up things to charge you fake fees when I was a great tenant for years. There is nothing in writing on the charges they send you. Save yourself! Go elsewhere!
