Insights

Strategic Growth Partnerships Parallel Co actively forms strategic alliances with development groups such as Deven Group and Rhode Partners, creating opportunities to collaborate on large-scale student housing and affordable housing projects across the U.S. This pattern indicates strong potential for vendors aligned with construction, design, and project management firms interested in institutional-scale development.

Focus on High-Quality Projects The company's selective approach to partnerships and pursuit of high-value, award-winning properties suggests openness to premium service providers and suppliers with specialized expertise in luxury or complex mixed-use developments, particularly in student and multifamily housing sectors.

Expanding Affordable Housing Recent groundbreakings for affordable housing in Davenport highlight opportunities for companies offering cost-effective construction materials, sustainable building solutions, or affordable housing financing, especially targeting public-private partnerships and nonprofit collaborations.

Institutional Investor Focus With over 20 years of experience and successful collaborations with premier institutional investors, Parallel Co presents a pathway for financial service providers, investors, or technology firms to engage in high-caliber development projects, offering innovative funding solutions or investment opportunities.

Tech-Enabled Development The use of a modern tech stack and digital platforms indicates a tech-savvy company that values digital tools for project management and marketing, opening doors for software providers, digital marketing agencies, or proptech companies seeking to deliver solutions tailored to real estate development and resident engagement.

Parallel Tech Stack

Parallel uses 8 technology products and services including html5media, Google Hosted Libraries, Open Graph, and more. Explore Parallel's tech stack below.

  • html5media
    Audio, Video, Graphics
  • Google Hosted Libraries
    Content Delivery Network
  • Open Graph
    Content Management System
  • Cart Functionality
    E-commerce
  • Squarespace Commerce
    E-commerce
  • HSTS
    Security
  • X-Content-Type-Options
    Web & Portal Technology
  • Adobe Fonts
    Web Fonts

Parallel's Email Address Formats

Parallel uses at least 1 format(s):
Parallel Email FormatsExamplePercentage
FLast@parallel-co.comJDoe@parallel-co.com
56%
First.Last@parallel-co.comJohn.Doe@parallel-co.com
22%
Last@parallel-co.comDoe@parallel-co.com
11%
First@parallel-co.comJohn@parallel-co.com
11%

Frequently Asked Questions

Where is Parallel's headquarters located?

Minus sign iconPlus sign icon
Parallel's main headquarters is located at 506 West 7th Street Suite 1 Austin, Texas 78701 United States. The company has employees across 1 continents, including North America.

What is Parallel's stock symbol?

Minus sign iconPlus sign icon
Parallel is a publicly traded company; the company's stock symbol is DUOUSD.

What is Parallel's official website and social media links?

Minus sign iconPlus sign icon
Parallel's official website is parallel-co.com and has social profiles on LinkedIn.

What is Parallel's NAICS code?

Minus sign iconPlus sign icon
Parallel's NAICS code is 531 - Real Estate.

How many employees does Parallel have currently?

Minus sign iconPlus sign icon
As of June 2026, Parallel has approximately 7 employees across 1 continents, including North America. Key team members include Accounting Manager: J. D.. Explore Parallel's employee directory with LeadIQ.

What industry does Parallel belong to?

Minus sign iconPlus sign icon
Parallel operates in the Real Estate industry.

What technology does Parallel use?

Minus sign iconPlus sign icon
Parallel's tech stack includes html5mediaGoogle Hosted LibrariesOpen GraphCart FunctionalitySquarespace CommerceHSTSX-Content-Type-OptionsAdobe Fonts.

What is Parallel's email format?

Minus sign iconPlus sign icon
Parallel's email format typically follows the pattern of FLast@parallel-co.com. Find more Parallel email formats with LeadIQ.

When was Parallel founded?

Minus sign iconPlus sign icon
Parallel was founded in 2016.

Parallel

Real EstateTexas, United States2-10 Employees

Parallel is a multi-disciplinary real estate firm that develops complex, mixed-use properties with student housing and multifamily anchors. Parallel operates under a hands-on, detail-oriented philosophy designed to yield the highest value to all partners, from the residents who live and thrive in our communities to the institutions and people who invest in them. While seeking growth, Parallel is very selective in its partnerships and pursuits, seeking only the highest quality opportunities and relationships. 
Parallel’s principals have been leading providers of high-quality, multifamily and student properties for over 20 years. The executive team consists of David Pierce, Kristen Penrod and Sam Newman. Prior to forming Parallel, Pierce and Penrod led the development team at Inland American Communities/ University House Communities (“IAC/ UHC”) where they developed the key assets in a $1.4B student housing portfolio sale. Sam Newman brings over 17 years of world class institutional development experience at American Campus Communities ("ACC") to the Parallel team. Since its founding, Parallel has successfully developed its own award-winning properties with some of the world’s premier institutional investors and partners.

Section iconCompany Overview

Headquarters
506 West 7th Street Suite 1 Austin, Texas 78701 United States
Stock Symbol
DUOUSD
NAICS Code
531 - Real Estate
Founded
2016
Employees
2-10

Section iconFunding & Financials

  • $10M$25M

    Parallel's revenue is estimated to be in the range of $10M$25M

Section iconFunding & Financials

  • $10M$25M

    Parallel's revenue is estimated to be in the range of $10M$25M

Ready to create more pipeline?

Get a demo and discover why thousands of SDR and Sales teams trust
LeadIQ to help them build pipeline confidently.

© LeadIQ, Inc. All rights reserved.