# Provident Realty Advisors

> Provident Realty Advisors is a Dallas real estate investment and development firm founded by Leon Backes in 1991, built on buying distressed land cheap and holding it. Over three decades it has developed or invested in more than $7.5 billion across multifamily, industrial, hospitality, master-planned communities and, most recently, hyperscale data centers - including a 768-acre, 1.8-gigawatt campus inside its own 5,000-acre Goodland community near Dallas.

- **Founded:** 1991
- **Headquarters:** Dallas, United States
- **Founders:** Leon Backes (Chairman, CEO and Founder)
- **Team size:** ~99 employees
- **Products:** Master-Planned Communities, Data Centers, Multifamily, Industrial & Logistics, Hospitality (Extended Stay)
- **Notable:** Developed or invested in over $7.5 billion of real estate since 1991, Currently manages a portfolio valued around $2.9 billion, About 14,000 multifamily units, 15.4M sq ft industrial, 10,000 master-planned lots and 5,500 extended-stay keys delivered

## Products & services

- **Master-Planned Communities** — Large-scale mixed-use communities blending residential, commercial and recreational uses; roughly 10,000 master-planned lots delivered.
- **Data Centers** — Site selection, power procurement, entitlements and development of hyperscale data center campuses; 7+ GW of development activity.
- **Multifamily** — Development and management of apartment communities; about 14,000 units developed.
- **Industrial & Logistics** — Warehouse and logistics facilities; roughly 15.4 million square feet delivered.
- **Hospitality (Extended Stay)** — Extended-stay hotel development; about 5,500 keys.
- **Commercial, Retail & Self-Storage** — Office, retail, mixed-use, self-storage, RV parks and land holdings under the 'other' portfolio.

## Achievements

- Developed or invested in over $7.5 billion of real estate since 1991
- Currently manages a portfolio valued around $2.9 billion
- About 14,000 multifamily units, 15.4M sq ft industrial, 10,000 master-planned lots and 5,500 extended-stay keys delivered
- Leon Backes inducted into the NTCAR Hall of Fame (2020)
- Preston Hollow Village, a five-phase, roughly $300-500M mixed-use project in North Dallas
- The Goodland - a 5,000-acre master-planned community projected to house 50,000 residents and generate $5B in taxable value

## Latest updates

- **2026-05** — Phase I of the 768-acre Grand Prairie data center campus targeted to come online.
- **2025-08** — Grand Prairie City Council approved annexing roughly 900 acres for the Goodland community.
- **2025-08** — PowerHouse Data Centers and Provident unveiled plans for a 768-acre, 1.8-gigawatt, 24-building hyperscale campus.

## Links

- Website: https://provident.net
- LinkedIn: https://www.linkedin.com/company/provident-realty-advisors

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Profile page: https://yespress.io/provident
Published by YesPress — https://yespress.io
Last updated: 2026-08-21