Realtex Development Corporation
Austin, TX 11–50 employees 2 principals
Last updated
About Realtex Development Corporation
Realtex Development Corporation is a real estate operator headquartered in Austin, TX. Realtex Development Corporation operates in Beaumont-Port Arthur, Texas, Corpus Christi, Texas and Dallas, Texas. Its investment focus is on Affordable Housing, Covered Land & Land Banking and LIHTC.
Realtex Development Corporation is an Austin, Texas-based real estate development, construction, and property management firm headquartered at 1101 S. Capital of Texas Highway. Founded in early 1998 by Founder and President Rick J. Deyoe, the company operates with 28 years of industry experience. The enterprise functions as a vertically integrated multi-family platform offering site selection, entitlement acquisition, construction management, and long-term asset oversight through its affiliate entity, Realtex Housing Management, LLC. Its core operational structure spans 4 distinct business units: affordable multi-family housing, senior affordable living communities, market-rate luxury apartment homes, and student/university housing. The organization specializes in mid-rise and garden-style apartment developments serving low- to moderate-income households. To capitalize its projects, Realtex leverages federal and state Low-Income Housing Tax Credits (LIHTC), Tax-Exempt Mortgage Revenue Bonds, HUD/FHA loan programs, HOME Investment Partnerships, and Community Development Block Grants (CDBG). The company maintains a strong regional presence across Texas, Mississippi, Louisiana, and Florida. Over its operating history, Realtex has developed and managed over 5,000 residential units across more than 30 properties, representing approximately $360 million in total project value. Notable developments in its portfolio include Riverside Meadows, Vistas at Pinnacle Park, Sendero Ridge, and Woodland Meadows.