Company Profile
Preston Development Company
Master-planned community developer specializing in large-scale residential neighborhoods with infrastructure, amenities, mixed-use elements including retail, office, healthcare, and sustainability features like solar farms and water reclamation. Handles land assembly, planning, infrastructure development including own sewer plants, and partners with homebuilders for residential components.
Key Statistics
As of June 2026, public records show Preston Development Company has $351.3M in total recorded mortgage volume across 140 mortgages, with 166 current property ownerships held through 62 confirmed entities.
Total Mortgage Volume
$306.7M
Current Ownerships
166
Confirmed Entities
62
Associated People
24
Entities (62)
Preston Development Company operates through 62 confirmed holding companies and entities identified from public records.
NC · 15 properties · 3 mortgages
NC · 1 property · 2 mortgages
NC · 2 properties · 2 mortgages
NC · 1 property · 2 mortgages
NC · 1 property · 1 mortgage
+57 more entities not shown
People (24)
Key individuals associated with Preston Development Company based on signatures extracted from recorded documents and public filings.
Real Estate Investor / Authorized Signer · 716 mortgages · 84 properties
Signed 18 documents on NASH WENDELL FALLS LLC; identified as investor tied to Wendell Falls and related projects, supporting inclusion despite moderate affiliation ratio.
Member · 478 mortgages · 251 properties
Listed as MEMBER on 2 affiliated entities (PINE GROVE PROPERTIES LLC, SM SMITH & ASSOCIATES LLC), part of the Smith family network on these filings; low 2% affiliation ratio suggests broader activity but confirmed tie to company affiliates. No dossier match; distinct from other Michael Smiths (e.g., Chatham EDC president).
Vice President · 180 mortgages · 94 properties
Appears on 39 affiliated entities: CHATHAM PARK INVESTORS LLC (NC), CP SOUTH LLC (NC), CPF LLC (NC), PRIVATO LLC (NC), PRIVATO III LLC (NC) and 34 more.
Member · 62 mortgages · 33 properties
Listed as MEMBER on T RUSSELL SMITH ASSET MANAGEMENT LLC (NC), potentially part of extended Smith family network tied to Preston affiliates; 7% ratio but high-signal via SoS officer role. No confirming web or dossier links.
+20 more people not shown
Properties (166)
| Address | Entity | Status | Consideration |
|---|---|---|---|
| 1700 US 64 BUSINESS E, PITTSBORO, NC 27312 | CP SOUTH LLC | Owns | $200k |
| 1688 US 64 BUSINESS E, PITTSBORO, NC 27312 | CP SOUTH LLC | Owns | $1.0M |
| 8901 BARTLEY POINT DR, NEW HILL, NC 27562 | HURST HOME CO LLC | Owns | $450k |
+2452 more not shown
Top Lenders
The following lenders have the most recorded mortgage volume with Preston Development Company entities.
Geography
Preston Development Company has recorded real estate activity in the following states.
FAQ
What does Preston Development Company do?
Master-planned community developer specializing in large-scale residential neighborhoods with infrastructure, amenities, mixed-use elements including retail, office, healthcare, and sustainability features like solar farms and water reclamation. Handles land assembly, planning, infrastructure development including own sewer plants, and partners with homebuilders for residential components.
How many entities are associated with Preston Development Company?
Preston Development Company operates through 62 confirmed entities identified from signatures on recorded documents. Key entities include PINE GROVE PROPERTIES LLC, HRA U SUITES LLC, and HRA VILLAGE GREEN LLC.
Who are the key people at Preston Development Company?
Public records and filings associate 24 individuals with Preston Development Company. Key people include Glenn Hartman (Real Estate Investor / Authorized Signer), Michael Smith (Member), and Timothy Smith (Vice President).
How many properties does Preston Development Company own?
Public records show 166 current property ownerships associated with Preston Development Company entities, with $306.7M in total recorded mortgage volume.
Which lenders has Preston Development Company worked with?
Top lending relationships include Dogwood State Bank, Truist Bank, and REEDY CREEK INVESTMENTS, based on recorded mortgage data.
How is this data collected?
Elementix aggregates data from recorded real estate documents, business filings, and other lawfully available sources. We use AI to extract signatures, identify entity relationships, and connect people to the companies they operate through.
The information displayed on this page is compiled from recorded real estate documents, business filings, and other lawfully available sources. Elementix summarizes and analyzes public record activity related to investment real estate and associated business entities.
Elementix is not a consumer reporting agency, and this information does not constitute a consumer report. The data may not be used to make decisions about an individual's eligibility for personal credit, consumer housing, employment, insurance, or any other purpose governed by the Fair Credit Reporting Act.
Requests for removal, suppression, or correction of information must be submitted to [email protected]. Elementix reviews such requests only where required by applicable law.