HISTORY
Built on Purpose, Grown with Vision
Built on Experience, Grown Through Discipline
Founded in 2003 by builder and developer Rick Simmons, Integrated Real Estate Group began with a focus on developing affordable housing through the Low-Income Housing Tax Credit (LIHTC) program. Drawing from his experience in the luxury homebuilding industry, Simmons established the company with a vision to deliver high-quality housing while building a fully integrated real estate platform.
These early developments helped establish the company’s construction expertise, operational capabilities, and financial foundation while building long-term relationships across the housing industry.
Over time, this experience allowed IREG to expand beyond affordable housing into senior living and market-rate multifamily communities. By combining development, construction, and operations within a vertically integrated platform, the company has grown into a leading real estate developer across the Southwestern United States.
Today, Integrated Real Estate Group has developed and managed nearly 15,000 units representing more than $2.1 billion in development costs while raising more than $477 million in equity to support projects across its portfolio.
through the years
Timeline
2003
- Integrated Real Estate Group founded by Rick Simmons.
- Company established with a focus on disciplined development, construction expertise, and long-term investment performance.
2004
2008
2011
2012
- Early development activity begins with a focus on affordable housing through the Low-Income Housing Tax Credit (LIHTC) program.
- Continued development of affordable multifamily communities while expanding relationships with housing authorities and development partners.
- Expansion of LIHTC developments across Texas and surrounding markets, building the company’s development and construction experience.
- Development of both senior and multifamily affordable housing communities as the LIHTC portfolio continues to grow.
- Development of early senior housing communities, including Raider Ranch Independent Living and Assisted Living in Lubbock, Texas.
- Continued expansion of affordable and senior housing developments across Texas markets.
- Completion of 27 LIHTC communities totaling 3,854 units, strengthening the company’s balance sheet and operational expertise.
2014
- Expansion of vertically integrated operations across development, construction, and property management.
- Development of major senior communities, including Watermere at Frisco and Watercrest at Dominion.
2015
- Continued growth of senior living communities through the Watermere independent living platform.
2017
2020
- Expansion of multifamily development through Enclave communities in high-growth suburban markets.
- Continued portfolio growth across senior living, workforce housing, and multifamily developments.
2022
- Development pipeline expands across the Southwestern United States, including new multifamily and workforce housing communities.
2024
- Nearly 15,000 units developed and managed representing more than $2.1 billion in development costs.
- More than $477 million in equity raised supporting development across the company’s portfolio.
2025
- Continued expansion of the development pipeline, including projects such as Ennova Fulshear and additional senior living communities.
2026
- Integrated Real Estate Group continues to expand its portfolio of senior living and multifamily communities across the Southwestern United States.
