Firm Overview

Founded in 2006, NRIA is one of the nation’s leading specialists in middle-market institutional real estate investment management, focusing on luxury townhome, condominium and multifamily acquisition and development. As a vertically-integrated investment platform the company continues to deliver exceptional results within many supply-constrained, high barrier-to-entry urban markets across the East Coast. Since 2010 alone, NRIA has acquired and developed, or is in the process of developing more than 1,100 luxury residential units, across 90+ projects totaling over 2.30 million [sellable/rentable] square feet valued in excess of $1.125 billion, with over a half a million square feet in the immediate pipeline conservatively estimated to deliver well over $325 million in value.

Through strategic partnerships NRIA maintains complete control through each investment(s) lifecycle. Our three general contracting partnerships continue to cultivate and permit prudent market and project size diversification while the coordinated marketing and management efforts of Premier Access Property Management allows for sufficient oversight over 1,000 rental units.



delivered / in progress
since 2010



Value completed / in progress development since 2010



square ft completed or in progress



value of current project pipeline


3.35X Average GP-level equity multiple since 2010




Market Square
The Residences @ H3

Total Value



Manayunk Hills
Darien Way
Crease Court
412 Luxe
Courtyard at North Fifth

Total Value



Townhomes at the Rye
Pressman Commons
The Twenty
The Stables

Total Value



Riverview at Front
Mildred Court
Lofts at Front

Total Value



The Marian
Franklin Village

Total Value



Premier Estates
Homes at Penn's Row
Fireman's Place
2143-47 Lombard Street
Ortlieb's Square
Logan Square
Quarters at Fairmount
Bedford Estates

Total Value

$194.9 MILLION


Green Roof Condominium
The Moderna
The Afton of Morris
Cherry Street Townhouses

Total Value


Information is updated annually


Development Partners



Prominent Management Partners


Management Team

Experienced, cohesive team executing on a specific product type
and investment plan through market cycles.

Rey Grabato


Rey Grabato




Broad background in business development, finance, accounting and construction management. 

Over a decade in the realty finance business where he underwrote, approved, and funded more than $200M of loans across residential, small balance commercial and construction loans for Wholesale Financial Advisors, Apex Financial, and First 2nd Mortgage of NJ. 

Founded NRIA in mid/late 2006 with a small group of investors to build and renovate investment properties via advantageous tax benefit programs available in Philadelphia. Currently, projects range between $5M and $25M, with the company having delivered more than $500M in total asset value since 2010. 

Over the past 10+ years Mr. Grabato has successfully assembled additional key personnel to run every facet of the investment, management, and development business today. 

Graduate of De La Salle University – College of Saint Benilde with a degree in Business & Construction Management. 

Coley O'Brien


Coley O’Brien


MANAGING Partner | NRIA Capital Management


15+ years of domestic and international commercial real estate debt and equity investment experience. Joined NRIA in 2016. 

Prior to joining NRIA; Director of Credit Investment & Strategy, primarily focused on commercial real estate, for MKP Capital Management, a $9.0B Global Hedge Fund. Average portfolio size of CRE Debt investments was approximately $1.0B – $1.5B. Mezzanine debt to Sponsors including Blackstone, Lonestar, Rialto, etc. 

Involved historically in Freddie Mac B-Pieces, Conduit B-pieces, as well as legacy and new issue CMBS securities across the risk & duration spectrum. 

Underwrote / structured conduit, large loan, and subordinate debt at Eurohypo AG, Deutsche Bank, and Morgan Stanley. 

Graduate of Michigan State University (Finance, Magna Cum Laude), and NYU (Masters in Real Estate Finance & Development), and currently remains on MSU’s Real Estate Investment Advisory Board. 

Glenn A. La Mattina


Glenn A. La Mattina



Mr. La Mattina has extensive background as a commercial and residential real estate professional, owning and managing a multi-state licensed mortgage banking firm for over 25 years and originating over $100 million per year of residential and commercial mortgages. He has been associated with NRIA in a number of managerial capacities over the past 6 years, and is currently in the role of Senior Vice President of National Project Development. Along with his Mortgage Banking and Real Estate Licenses, he is also an experienced property manager that has successfully overseen numerous NRIA properties. Glenn has additionally managed funding of well over $1B of home & condo purchase transactions.

His extensive knowledge of realty management, project operations, project funding, rentals and re-sales is why he heads up oversight of the NRIA Property Management & Sales function. Glenn is another invaluable management asset among the highly experienced NRIA team.

Art Scutaro

Art Scutaro

project management

svp-pm | NRIA

25 years in business development across multiple industry lines, including real estate, and technology. Art has been with NRIA since 2007. 

Leads a 5-person project management team at NRIA, which facilitates property management due diligence, financing arrangements, title, and closings (initial acquisition & end-user/buyer). Art’s projects managed range in scale from $5M to $35M. Art has successfully overseen more than $400M of completed NRIA developments. 

Richard Stabile


Richard Stabile


Rich received his real estate license over 40 years ago, developing a large multi-office franchise with RE/MAX guiding his sales teams for 28 years under the RE/MAX brand. He was RE/MAX Broker/Owner of the Year 1992– RE/MAX Hall of Fame Award. He achieved the RE/MAX Lifetime Achievement Award (1000 sales, done in 19 years). He received the RE/MAX International Top 100 Agents Designation in 1999 out of 125,000 top producers.

After working with Major Developer/Investors, while continuing with RE/MAX, he became Managing Partner in a Building/Development Company of his own acquiring and gaining numerous approvals for shopping centers, office buildings, and major tenant developments. Richard has built and sold over 1000 new homes/townhomes/condos and developments in Northern New Jersey over his career creating more than $400M in equity value. He is a proven expert in the zoning and construction entitlement process, local government interface, construction management and marketing.

Rich Radici


Rich Radici

GC / Construction management

President | DMR Construction


30+ years of experience in Site Plan Engineering, General Contracting, Surveying, Construction Management and Land Development. DMR Construction Services and subsidiary company Constructioneers Inc. have been affiliated with NRIA since 2015. 

Rich has managed over $400M of complex engineering builds for the State of New York Metropolitan Transit Authority, NJ Transit Authority, Amtrak and numerous state and local municipal authorities. 

Rich built some of the most sought after residential home developments – both single family and multifamily in the NY/NJ area. 

He is a Professional Engineer, licensed in the states of NY and NJ. 

John Farina


John Farina

GC / Construction management

President | U.S. Construction


John M. Farina, President of U.S. Construction, is a real estate developer with almost two decades of experience in real estate evaluation, development and construction. Farina’s career includes a diverse portfolio of residential projects, ranging from urban infill luxury townhome developments to expansive, oceanfront mansions.

Located in communities ranging from downtown Philadelphia PA to Brooklyn New York and Oceanfront property in Palm Beach County, Florida, Farina’s projects always have the signature traits of stellar quality and innovation. Over the past 10 years, Farina has built an impressive reputation around the country with his signature projects of high-end, luxury-designed homes and mid-rise builds. 

In the course of his career, he has built more than 1000 luxury homes and condominiums in 50 different complexes and 4 different States. An expert in land acquisition, zoning, design-build, and construction implementation, John has brought his breathtaking posh styling to the forefront of the luxury high end real estate market.  

Mike Burke




President | Premier Access Management


Mike oversees a rental portfolio of more than 800 luxury townhomes in the greater Philadelphia area, and is expanding to Brooklyn/NYC. Affiliated with NRIA since 2010. 

Mike directs the marketing & leasing team at Premier Access who have become the largest new construction residential rental management company in Philadelphia under his leadership. 

He has secured over 3,000 residential lease agreements for properties valued from $500k to $2M. 

Premier Access adds 100-150 new construction properties to its inventory each year.