Crest Residential

About Crest Residential

Crest Residential is a real estate operator. Crest Residential operates in Asheville, North Carolina, Crestview-Fort Walton Beach-Destin, Florida and Deltona-Daytona Beach-Ormond Beach, Florida. Its investment focus is on Multifamily - Ground-up.

Crest Residential (commonly operating as Crest, with its internal construction arm **Crest Building Group**) is a Birmingham, Alabama-based real estate development, construction, and investment firm. Operating under the executive leadership of President and Principal Matt Benak, the enterprise specializes in ground-up multi-family development and opportunistic property acquisitions. The enterprise focuses its real estate strategy on multi-family residential communities across high-growth Sunbelt submarkets. Operating as a fully vertically integrated platform, its business model encompasses site selection, land entitlement, capital allocation, project financing, vertical general contracting, and asset operations. By internalizing construction management through Crest Building Group, the firm reduces dependence on third-party contractors and maintains strict oversight over project delivery timelines and budget execution. The organization concentrates its operational footprint across the Southeastern United States and Texas. Across its development history, Crest has executed approximately 6,300 to 6,500 multi-family units representing total capital deployment of $800 million to $850 million. Its active development pipeline features regional projects such as *Pomona* (a 225-unit, seven-building luxury apartment community in Ocala, Florida) and *The Sheldon* (a 267-unit multi-family project in Knoxville, Tennessee).

Principals at Crest Residential

Recent activity at Crest Residential

No recent signals captured for Crest Residential yet. Set up a Signals alert to be notified when fund closes, leadership changes, or new developments surface in the trade press.

Crest Residential's project portfolio

8 projects on file · Multifamily (5), Single-Family / For-Sale Residential (3)

Markets and themes

Markets Crest Residential operates in

• Asheville, North Carolina
• Crestview-Fort Walton Beach-Destin, Florida
• Deltona-Daytona Beach-Ormond Beach, Florida
• Palm Bay-Melbourne-Titusville, Florida
• Wilmington, North Carolina

Investment themes at Crest Residential

• Multifamily - Ground-up

Capabilities

• Construction Management
• Custom Homes
• Economic Development
• Mixed Use
• Site Development
• Sustainability
• Urban infill

Operators similar to Crest Residential

• Elcan and Associates
  Mid-market tierPalm Bay-Melbourne-Titusville, FloridaAsheville, North Carolina+1 more marketMultifamily - Ground-up
• Framework Group
  Mid-market tierPalm Bay-Melbourne-Titusville, FloridaDeltona-Daytona Beach-Ormond Beach, FloridaMultifamily - Ground-up
• Christian Tyler Properties, LLC (CTP)
  Mid-market tierAsheville, North CarolinaDeltona-Daytona Beach-Ormond Beach, FloridaMultifamily - Ground-up
• Olympus Development Company
  Mid-market tierWilmington, North CarolinaAsheville, North CarolinaMultifamily - Ground-up
• Poverni Sheikh Group
  Mid-market tierWilmington, North CarolinaPalm Bay-Melbourne-Titusville, FloridaMultifamily - Ground-up
• C.F. Smith Property Group
  Mid-market tierWilmington, North CarolinaAsheville, North Carolina
• DeWitt Carolinas
  Mid-market tierWilmington, North CarolinaMultifamily - Ground-up
• Catalyst Capital Partners
  Mid-market tierAsheville, North CarolinaMultifamily - Ground-up
• Saxon Partners
  Mid-market tierPalm Bay-Melbourne-Titusville, FloridaMultifamily - Ground-up
• Connelly Builders and Development
  Mid-market tierWilmington, North CarolinaMultifamily - Ground-up

Frequently asked questions about Crest Residential

What does Crest Residential do?

Crest Residential (commonly operating as Crest, with its internal construction arm **Crest Building Group**) is a Birmingham, Alabama-based real estate development, construction, and investment firm.

What markets does Crest Residential operate in?

Crest Residential is active in Asheville, North Carolina, Crestview-Fort Walton Beach-Destin, Florida, Deltona-Daytona Beach-Ormond Beach, Florida, Palm Bay-Melbourne-Titusville, Florida, and Wilmington, North Carolina.

How many employees does Crest Residential have?

Crest Residential has 11–50 employees.