The Empire Group developed The Village at Schnepf Farms, which was a finalist at the 2025 RED Awards. (Provided photo)
(Disclosure: Rose Law Group represents Empire Group.)
By Empire Group
Empire Group of Companies, one of the leading residential and commercial real estate developers in the Southwest, announces surpassing $1 billion in equity raised through independent broker dealer and registered investment advisor (RIA) communities. This milestone underscores Empire’s significant growth and impact in the real estate investment sector since launching its first retail fund in 2009.
Launched during the depths of the Great Recession by partners Richard Felker, Randy Grudzinski and Geoffrey Jacobs, Empire Group’s initial retail fund strategy focused on acquiring single-family foreclosures at steep discounts and converting them into rental properties. By 2012, the firm had become the largest single-family landlord in Arizona through a series of distressed housing funds. Over the past 15 years, Empire has sponsored more than 42 retail programs encompassing 45 development individual projects or asset pools.
