Real Estate Business Review: Specials Magazine

Regional Capital Group: Where Investment Judgment Shapes Development

Regional Capital Group

Where Investment Judgment Shapes Development

For Regional Capital Group, a real estate development does not begin with construction. It begins with deciding whether the opportunity makes financial sense. Shaped by more than four decades in real estate investment, lending and finance, the company evaluates opportunities through investment judgment and execution. Its principal-led model allows it to identify opportunities, acquire assets, develop projects and determine how the capital strategy can support them from the outset. “Decades of diverse real estate finance and development experience helped our team to develop the ability to see opportunities that others may have missed,” says Paul P. Braungart III, president of Regional Capital Group. From Finance to Principal Development RCG’s approach grew out of a career in real estate lending and investment, as well as the companies Braungart established over the years. While its focus has remained real estate, the business has evolved from its original role as a lender and strategic investor into a principal-led developer and investor. The evolution has preserved financial discipline at the center of its decision-making while giving RCG greater responsibility for execution.

Property Tax Services

Michigan Tax Appeal Services

When Property Tax Requires More Than an Assessment

Steve Johnson, Founder and CEO

A property tax assessment can look like a settled fact. The number comes from the municipality, appears on an official notice, and becomes part of the cost of owning a property. In Michigan that number sits within a property tax system shaped by Proposal A enacted in the mid-1990s. The way property values are analyzed and calculated differs from other states, making familiarity with Michigan’s assessment system essential to determining whether an assessed value is supported by the property’s underlying facts. For Michigan Tax Appeal Services, that is where the work begins. Rather than simply accepting the municipal assessment, the company examines whether the number makes sense in relation to the property’s actual economics, what a knowledgeable buyer would reasonably pay and the impact property taxes can have on the property’s operating performance. “We’re not trying to be everything to everybody. We’ve chosen to concentrate on Michigan property taxation, and that focus has allowed us to develop a tremendous amount of experience in a very specific area,” says Steve Johnson, founder and CEO.

IN MY OPINION

Real Estate Marketing

Where Smart Tools Meet Human Intelligence

Rebecca Lyn Busse, Vice President of Marketing, Seldin Company

LAST WORD

Multi Family Real Estate Insurance

Navigating the Path of Success

Nat Shanks, Director of Facilities, The LEGO Group

IN FOCUS

Strategic Real Estate Investment: Foundations for Future Communities

Real estate companies drive growth through strategic development, investment management, sustainable practices, and long-term value creation for communities.

Learn more

Property Tax Appeal Services Strengthen Cost Control across Real Estate Portfolios

Property tax appeal services enhance real estate cost control by analyzing assessments, providing evidence, and coordinating strategies for portfolio management.

Learn more

EDITORIAL

Real Estate Decisions beyond Development

Real estate performance depends on more than acquiring or developing property. Investment decisions, property valuations and effective management all influence how assets are assessed and maintained over time. This edition of Real Estate Business Review explores these interconnected responsibilities through companies recognized for their work in development and investment, property tax appeals and real estate leadership.

Leading the issue is Regional Capital Group, recognized as Top Real Estate Development and Investment Company 2026. This award underscores the value of offering development and investment experience side-by-side in the real estate industry, a release noted. Each discipline focuses on real estate opportunities, capital deployment, and the management of real estate assets, and Regional Capital Group has been recognized for having that combined expertise at the leading edge of the edition's focus on the industry.

The issue also features Michigan Tax Appeal Services, named Top Property Tax Appeal Services 2026. Appeals for property taxes concern a certain facet of property ownership that can have a tangible effect on its price tag. Through various appeal services, it is possible to question those property evaluations and commence the properly directed challenge. This becomes an area of real estate that deserves just as much attention and consideration as development, investment, and property management.

The edition also features Dexter Wong, Investment Manager, Military Housing at The Michaels Organization, and Matthew Holbrook, CEO of Action Property Management. Their roles bring investment, housing, and property management perspectives to the discussion, complementing the company awards and highlighting the diverse considerations involved in real estate investment and oversight.

Across development, investment, tax appeals and property management, the issue examines the different forms of expertise that shape real estate decisions. Readers are invited to explore the featured companies and contributor articles for a closer look at the approaches and leadership perspectives informing the sector.