PRI - About Us

Providence Realty Investment Our success stems from the unique blend of professional backgrounds of its founders. With more than 60 years of combined experience in national real estate management, land development, professional engineering, finance, marketing and renewable energy, the company attracts a myriad of investors to its dynamic approach to doing business. The company strives to maintain the highest standards in all aspects of business - from sustainable building and renewable energy practices to developing communities that help enhance the lives of residents.
Raymond Uritescu Raymond Uritescu is Chief Executive Officer of Providence Realty Investment, LLC. He brings an impressive background in national real estate and finance that spans three and a half decades. Through the years, Uritescu has developed more than 25,000 multi-family units in six states and engaged in the development of more than 12,000 government subsidized multi-family units in 19 states and Puerto Rico. Prior to forming Providence Realty Investment, LLC, Uritescu was Executive Vice President of Picerne Real Estate Group. Uritescu acquired and sold a Georgia-based real estate company including ownership of 2,000 government subsidized multi-family units in 4 states. He participated in the acquisition, construction, management and rehabilitation of an excess of 15,000 family housing units on five army installations in Maryland, North Carolina, Alabama, Oklahoma and Louisiana. He also developed and sold more than 1,000 single family homes in Rhode Island and acquired Limited Partner interests in 1,000 HUD Section 8 subsidized multi-family units. As a financial executive, Uritescu developed an accounting team that reported on more than 300 partnerships and 60 companies annually, including a system that connected properties in 26 states and Puerto Rico. He coordinated tax planning for the company and negotiated financing in excess of $2 billion. He negotiated commercial leases valued in excess of $100 million, participated in sales of assets totaling more than $250 million dollars and managed the cash investment of corporate assets in marketable securities. He also managed and established numerous lending sources and developed equity sources in excess of $500 million. Uritescu holds a bachelor's degree in accounting from Walsh College in Troy, Michigan.
Michael Hennessey Michael Hennessey has more than 16 years of experience in real estate, spanning land acquisition to final sales and management. Michael began his career in the Seattle area managing affordable housing bond developments including condominiums, single family homes, retirement facilities, and resorts particularly in the areas of Palm Springs, Lake Tahoe and Las Vegas. A native Rhode Islander, Hennessey moved back to the state in 2003, acting as the Regional Director for Picerne Real Estate Group, managing more than 18 developments in various stages of development. Throughout his career, he has worked on more than 100 land developments. Michael holds a Bachelor of Science in Civil Engineering at Clemson University. Professional affiliations include Rhode Island Builders Association, Urban Land Institute, and the National Association of Home Builders. He serves on the East Providence Storm Drainage Advisory Committee and has participated in Transportation 2025, Urban Land Institute and University of Rhode Island SeaGrant round table panels.
Richelle Dominique Richelle Dominique is the Director of Investor Relations at Providence Realty Investment, LLC. Ms. Dominique builds and maintains positive relationships with the firm's prospective investors, equity partners and third party consultants. Richelle works closely with the firms' founders and independent consultants to orchestrate all marketing and public relations initiatives. She coordinates investor presentations, communicating the firm's strategy and investment philosophy. She brings a unique blend of experience in finance, marketing and public relations to the firm. She also worked at Pilgrim Title Insurance in Providence, Rhode Island coordinating initiatives for the firm's high-profile team of attorneys and controllers. Prior to joining Pilgrim, she acted as Associate Director of Marketing for Loomis, Sayles & Company, one of oldest investment management firms in the country specializing in experienced portfolio investment. Richelle led the launch of the firm's no-load mutual fund family, directing the national roll-out and managing client servicing, marketing, public relations and firm-wide event planning. Ms. Dominique has also worked for a variety of non-profit organizations holding leadership positions in event planning, fundraising and public relations and holds a Bachelor of Science in Business Administration from Bryant University.