A Real Estate Investment Enterprise
22nd April 2021
9:00 AM - 5:00 PM
Monday to Friday
202 Thames Street
Newport, RI 02840
(401) 573 2900
[email protected]

From the beginning, the Patel family consisted of visionaries with an entrepreneurial nature, constantly looking towards future trends for new business ventures.

During the 1950’s, the Patel family built a non-profit school for grades 1 to 10 in their village of Gorad. Which’s currently thriving with an enrollment of up to one thousand students.

In 1970, Jay Patel’s grandfather and father jointly created the Prabhudas Kalidas & Company, one of the biggest road construction companies in the state of Gujarat, India. His grandfather previously founded one of the first manufacturing companies for asphalt paving machines in the country. Originally known as Apollo Engineering Company, it was later renamed Gujarat Apollo, which is now a publicly traded company in the Indian stock market.

1978, a member of the Patel family became the founder and chairman of a non-profit hospital in the town of Mehsana. Which is supported by large donations from other Patel family founding members and trustees.

Since then, the Patel family has owned and operated other various ventures such as an appliance showroom, an automobile dealership, a film production company, an import and export company for medical instruments, an auto-parts manufacturing company, a spice manufacturing/repackaging plant, and a cement products company specializing in pre-stressed concrete poles.

Our success is the result of our combined business experience, which came together in order to drive returns to our community and create opportunities for the success of future generations.

The Father-Daughter Duo

The collective goal of Patel Property Investments is to scale their efforts and returns by welcoming investors to join in new real estate and retail ventures, which are both income-producing and wealth-accumulating.

Jay Patel

CEO and CO-FOUNDER

Energetic and determined, Jay is always exploring new sites, identifying those with the most potential, and negotiating the best deals.

After graduating with his Civil Engineering degree, he decided to pursue Management studies in the USA. After receiving his MBA, he began his journey by buying, selling and growing investments. Since the early 1990’s, Jay has acquired at least one new property or retail business asset every year. His passions include leading a healthy lifestyle, practicing yoga, and staying active.

Email Jay

Prutha Patel

VICE PRESIDENT and CO-FOUNDER

Outwardly ambitious and savvy at building effective business relationships, Prutha leverages her talents to lead all property management efforts.

After graduating with her business degree (BSBA) from Boston University, she purchased her first home at the age of 21 and subsequently acquired another multi-family the following year. In under four years since joining the family business, they have added 23 new assets to their portfolio between real estate and business endeavours. Her leadership, vision and market expertise has led to the growth of their portfolio.

She is also a licensed realtor at Berkshire Hathaway Home Services Commonwealth in East Greenwich, RI. Please give her a call for any of your investment needs at 401.573.2900

Email Prutha

Timeline

 Retail      ■ Real Estate

1991

Seven-Eleven at 6769 Post Road, North Kingstown RI 02852

1996

Tewksbury Convenience at 156 Shawsheen Street, Tewksbury MA 01876

1997

JD Convenience Stores at 202 Thames Street, Newport RI 02840

1999

202 Thames Street, Newport RI 02840

1999

156 Shawsheen Street, Tewksbury MA 01876

2003

125 Swinburne Row, Newport RI 02840

2008

111 Swinburne Row, Newport RI 02840

2008

Army Navy Surplus at 111 Swinburne Row, Newport RI 02840

2011

127 Swinburne Row, Newport RI 02840

2011

JD’s T-shirt Shop at 127 Swinburne Row, Newport RI 02840

2011

Orange Leaf RI & Greater MA Territory Rights for 35 locations

2012

Orange Leaf Yogurt at 198 Thames Street, Newport RI 02840

2012

Orange Leaf Yogurt at 1080 Fall River Avenue, Seekonk MA 02771

2012

Orange Leaf Yogurt at 99 Fortin Road, Kingston RI 02871

2012

Orange Leaf Yogurt at 1000 Division Street, East Greenwich RI 02818

2013

3 Jenckes St, Providence, RI 02906

2013

233-235 Main Street, East Greenwich RI 02818

2013

239-241 Main Street, East Greenwich RI 02818

2013

JD’s Souvenirs at 125 Swinburne Row, Newport RI 02840

2014

Orange Leaf Yogurt at 866 Merriam Avenue, Leominster MA 01453

2014

175 Main Street, East Greenwich RI 02818

2014

41 Fremont Street, Providence RI 02906

2014

219 Main Street, East Greenwich RI 02818

2015

232-238 Main Street, East Greenwich RI 02818

2016

112-114 Gano Street, Providence RI 02906

2017

69 Main St, East Greenwich, RI 02818

2018

29 Poplar St, Newport, RI 02840

2018

32 Rhode Island Ave, Newport, RI 02840

2019

200 Exchange St, Providence, RI 02903

2019

1 Dresser St, Newport, RI 02840

2020

34 Hammond St, Newport, RI 02840

2020

21 Berkeley Ave, Newport, RI 02840

2020

37 Connection St, Newport, RI 02840

2021

28 Thurston Ave, Newport, RI 02840

2021

19 Benefit St, Providence, RI 02904

2021

103 Wellington Ave, Newport, RI 02840

2021

9 Narragansett Ave, Newport 02840

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