Criterion Development Group, founded in 2003, operates as a general construction entity and is a wholly owned subsidiary of Criterion Group. Currently, it manages more than $100 million in construction projects annually. It offers various types of properties, including condominiums, vacant land, and industrial, retail, commercial and multifamily residential properties. Criterion Group, founded in 2002, is engaged in real estate acquisition and development, private equity investment, asset management, real estate advisory and client services. Criterion Funding, founded in 2003, is also a wholly owned subsidiary of Criterion Group. Based in New York, Criterion Funding is a state-licensed mortgage broker that concentrates on generating mortgage financing.