Mission and Vision

Provident Realty Advisors, Inc. is a privately held real estate and investment firm that seeks to provide exceptional risk-adjusted returns to its investor partners through superior development of opportunistic and value-added strategies. Since its formation in 1991, Provident has developed or invested in more than $3 billion worth of real estate projects.

Provident has thrived over the past 22 years by adapting to shifting demands and trends in real estate. Led by Provident’s owner Leon J. Backes, the company has developed expertise in the following real estate disciplines: land investments, anchored retail centers, repositioning of outdated malls and apartments, master planned residential communities, self-storage facilities, multi-family acquisition & development, and infill mixed use development.






Land Development



Current Projects

Past Projects

PRA Sells Sites to Walmart

Provident Realty Advisors, Inc. reported selling 2 sites to Wal Mart in San Antonio, Texas.

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PRA Acquired or Developed Over 2,300 Apartments in 2013-'14

Provident Realty Advisors, Inc. reported acquiring 2,377 apartments in 2013 and 2014, bringing its total multi-family portfolio to over 6,500 units. Read more:


PRA Moves, Acquires Former US Risk Offices

Provident Realty Advisors, Inc. purchased the former offices of US Risk at Walnut Hill and US-75, and successfully completed its move in the summer of 2013. Read more: