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Proper

Full company profile

uuid0000l8o

Namestring
Proper
Legal namestring
Holistic Health Holdings LLC
Websiteurl
getproper.com
Company typeenum
Private
Founded yearint
2020
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersNew York, United States
HQ citystring
New York
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
multifamily property management, property management platform, multifamily housing operations, property management consolidation, acquisition-based property management
Industry1 code
1Multifamily Apartment Property Management
CodeBPAJAFAAPrimaryYes
NAICS code1 code
  • Real Estate Property Managers53131
SIC code2 codes
  • Real Estate Agents & Managers (For Others)6531
  • Services-To Dwellings & Other Buildings7340
Product category
Multifamily Property Management
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Property Management Platform Fees
TypeSubscription Recurring
Description

Proper generates revenue by consolidating property management operators under its platform, providing liquidity to acquired owners while leveraging centralized infrastructure and resources.

morningstar.com
Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 3 records shown
1Core Sleep
Description

Melatonin-free foundational sleep supplement for difficulty falling and staying asleep, featuring Venetron, GABA, Valerian Root, and Sensoril Ashwagandha.

takesonnet.com
+2 more records
Core offering1 text field

Proper is a Chicago-based national property management platform that acquires and consolidates fragmented multifamily property management operators under a "Flexible Autonomy" model. The platform provides liquidity and enterprise-grade resources (technology, operations support, shared infrastructure) to acquired owners while preserving their brands and operational independence. Proper currently operates six acquired operating companies (Novo Properties, Alexander Properties Group, FLATS, Guardian, CommonPlace, and Drexel) collectively managing nearly 20,000 multifamily units across 15 states, with the Livly technology platform serving as the centralized infrastructure backbone.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Proper is a Chicago-based acquisitions and property management platform that operates a portfolio of six independently-branded multifamily operating companies — Novo Properties, Alexander Properties Group (APG), FLATS, Guardian, CommonPlace, and Drexel — collectively managing nearly 20,000 units across 15 states. The company runs a 'Flexible Autonomy' model: it provides liquidity and enterprise-grade resources to acquired property management owners while preserving their brands and operational independence. The platform is underpinned by Livly, which serves as the centralized technology infrastructure connecting resident experience, team workflows, communications, and automation across all operating companies.

Product and service1 record
1Proper Property Management Platform
CategoryMultifamily Property Management
Description

A national property management platform that consolidates fragmented multifamily operators under a "Flexible Autonomy" model, providing liquidity and enterprise-grade resources to acquired property management owners while preserving the brands and operational independence of the acquired operating companies. The platform is powered by Livly technology and currently spans six operating companies managing nearly 20,000 multifamily units across 15 states.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership7 partners
Strategic tierCoreTypeTechnology or IntegrationAnnounced on2026-04-22
Description

Livly serves as the core technology layer powering Proper's national property management platform. It provides the technology foundation that connects resident experience, team workflows, communications, and automation to support local operators.

Strategic tierCoreTypeOthersAnnounced on2026-04-22
Description

Alexander Properties Group was acquired and added to Proper's portfolio of operating companies, contributing to the expansion to nearly 20,000 units across 15 states.

Strategic tierCoreTypeOthersAnnounced on2026-02-27
Description

Novo Properties is one of the six operating companies integrated into Proper's platform under the Flexible Autonomy model.

Strategic tierCoreTypeOthersAnnounced on2026-02-27
Description

FLATS is one of the six operating companies integrated into Proper's platform under the Flexible Autonomy model.

Strategic tierCoreTypeOthersAnnounced on2026-02-27
Description

Guardian is one of the six operating companies integrated into Proper's platform under the Flexible Autonomy model.

Strategic tierCoreTypeOthersAnnounced on2026-02-27
Description

CommonPlace is one of the six operating companies integrated into Proper's platform under the Flexible Autonomy model.

Strategic tierCoreTypeOthersAnnounced on2026-02-27
Description

Drexel is one of the six operating companies integrated into Proper's platform under the Flexible Autonomy model.

Recent move3 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Tech-enabled multifamily property management company that has scaled aggressively through acquisitions. Comparable to Proper in its acquisition-led expansion, technology-enabled operations, and national footprint ambition.

TypeDirect peer
Description

Multifamily property management and investment firm with a fast-growing national portfolio, also pursuing acquisition and third-party management growth. Similar in scale trajectory and target customer to Proper.

TypeDirect peer
Description

One of the largest third-party multifamily property managers in the US, also pursuing a rollup strategy of regional operators. Directly comparable to Proper in target customer, service offering, and growth model.

TypeBroad incumbent
Description

Global commercial real estate services firm with a residential property management segment. A broader incumbent whose multifamily services overlap with Proper, though it spans investment sales, valuation, and facilities management well beyond property management.

TypeBroad incumbent
Description

The largest multifamily property manager and operator globally, managing well over 800,000 units. A broad incumbent that competes with Proper for both management contracts and acquisition targets, but at vastly greater scale and with vertically integrated investment capabilities.

TypeDirect peer
Description

Multifamily management, investment, and development firm with operations across the US. Comparable to Proper in management services, resident experience focus, and growth-via-acquisition playbook.

TypeDirect peer
Description

National multifamily property management company built on a similar acquisition-led growth strategy. Comparable to Proper in target customer (private owners seeking exit), service model, and tech-enabled operating approach.

TypeDirect peer
Description

Large multifamily property manager with a national footprint across multiple US regions. Directly comparable to Proper as a third-party operator serving institutional and private owners of multifamily assets.

TypeOthers
Description

Resident experience and operations platform for multifamily properties. Included because Livly is the core technology backbone of Proper's platform and co-founded by Proper's Executive Chairman, making it a tightly coupled ecosystem participant rather than a direct competitor.

TypeDirect peer
Description

Multifamily property management and real estate services firm managing tens of thousands of units across the US. Comparable to Proper in target market, service offerings, and emphasis on resident experience.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Proper

Multifamily Property Managementgetproper.com

Proper firmographics

Firmographics
Name
Proper
Legal name
Holistic Health Holdings LLC
Website
https://getproper.com
Company type
Private
Founded year
2020
Operating status
Operating
Headcount range
1–10 employees
Ownership category
akta.pro rank

Proper industry classification

Industry
Product category
Multifamily Property Management
NAICS
Real Estate Property Managers (53131)
SIC
Real Estate Agents & Managers (For Others) (6531), Services-To Dwellings & Other Buildings (7340)
akta.pro primary industry
Multifamily Apartment Property Management (BPAJAFAA)

Keywords

  • Multifamily property management
  • Property management platform
  • Multifamily housing operations
  • Property management consolidation
  • Acquisition-based property management

Where Proper is headquartered

Location

Headquarters

HQ city
New York
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Proper business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

  1. Property Management Platform Fees: Proper generates revenue by consolidating property management operators under its platform, providing liquidity to acquired owners while leveraging centralized infrastructure and resources.

Go-to-market motion1 record

Distribution channels1 record

Proper product offering

Product offering

Core offering

Proper is a Chicago-based national property management platform that acquires and consolidates fragmented multifamily property management operators under a "Flexible Autonomy" model. The platform provides liquidity and enterprise-grade resources (technology, operations support, shared infrastructure) to acquired owners while preserving their brands and operational independence. Proper currently operates six acquired operating companies (Novo Properties, Alexander Properties Group, FLATS, Guardian, CommonPlace, and Drexel) collectively managing nearly 20,000 multifamily units across 15 states, with the Livly technology platform serving as the centralized infrastructure backbone.

Product overview

Proper is a Chicago-based acquisitions and property management platform that operates a portfolio of six independently-branded multifamily operating companies — Novo Properties, Alexander Properties Group (APG), FLATS, Guardian, CommonPlace, and Drexel — collectively managing nearly 20,000 units across 15 states. The company runs a 'Flexible Autonomy' model: it provides liquidity and enterprise-grade resources to acquired property management owners while preserving their brands and operational independence. The platform is underpinned by Livly, which serves as the centralized technology infrastructure connecting resident experience, team workflows, communications, and automation across all operating companies.

Differentiator

Problem solved

Functional benefit

Brands

  • Core Sleep: Melatonin-free foundational sleep supplement for difficulty falling and staying asleep, featuring Venetron, GABA, Valerian Root, and Sensoril Ashwagandha.
  • Sleep + Calm
  • Sleep + Restore

Products and services

  • Proper Property Management Platform A national property management platform that consolidates fragmented multifamily operators under a "Flexible Autonomy" model, providing liquidity and enterprise-grade resources to acquired property management owners while preserving the brands and operational independence of the acquired operating companies. The platform is powered by Livly technology and currently spans six operating companies managing nearly 20,000 multifamily units across 15 states.

Companies that use Proper

Customer profile

Segments1 record

Ideal customer profiles1 record

Proper technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Proper partnerships and signals

Strategic signal

Partnerships

Seven partnerships are on record, tiered core.

  • LivlycoreTechnology or Integration · 22 April 2026Livly serves as the core technology layer powering Proper's national property management platform. It provides the technology foundation that connects resident experience, team workflows, communications, and automation to support local operators.
  • Alexander Properties Group (APG)coreOthers · 22 April 2026Alexander Properties Group was acquired and added to Proper's portfolio of operating companies, contributing to the expansion to nearly 20,000 units across 15 states.
  • Novo PropertiescoreOthers · 27 February 2026Novo Properties is one of the six operating companies integrated into Proper's platform under the Flexible Autonomy model.
  • FLATScoreOthers · 27 February 2026FLATS is one of the six operating companies integrated into Proper's platform under the Flexible Autonomy model.
  • GuardiancoreOthers · 27 February 2026Guardian is one of the six operating companies integrated into Proper's platform under the Flexible Autonomy model.
  • CommonPlacecoreOthers · 27 February 2026CommonPlace is one of the six operating companies integrated into Proper's platform under the Flexible Autonomy model.
  • DrexelcoreOthers · 27 February 2026Drexel is one of the six operating companies integrated into Proper's platform under the Flexible Autonomy model.

Scale indicators3 records

Recent moves3 records

Expansion highlights3 records

Proper competitors and assessment

Company assessment

Direct peers

  • RPM Living: Tech-enabled multifamily property management company that has scaled aggressively through acquisitions. Comparable to Proper in its acquisition-led expansion, technology-enabled operations, and national footprint ambition.
  • RangeWater Real Estate: Multifamily property management and investment firm with a fast-growing national portfolio, also pursuing acquisition and third-party management growth. Similar in scale trajectory and target customer to Proper.
  • Asset Living: One of the largest third-party multifamily property managers in the US, also pursuing a rollup strategy of regional operators. Directly comparable to Proper in target customer, service offering, and growth model.
  • Cardinal Group Companies: Multifamily management, investment, and development firm with operations across the US. Comparable to Proper in management services, resident experience focus, and growth-via-acquisition playbook.
  • Mission Rock Residential: National multifamily property management company built on a similar acquisition-led growth strategy. Comparable to Proper in target customer (private owners seeking exit), service model, and tech-enabled operating approach.
  • BH Management Services: Large multifamily property manager with a national footprint across multiple US regions. Directly comparable to Proper as a third-party operator serving institutional and private owners of multifamily assets.
  • Bozzuto: Multifamily property management and real estate services firm managing tens of thousands of units across the US. Comparable to Proper in target market, service offerings, and emphasis on resident experience.

Broad incumbents

  • Cushman & Wakefield: Global commercial real estate services firm with a residential property management segment. A broader incumbent whose multifamily services overlap with Proper, though it spans investment sales, valuation, and facilities management well beyond property management.
  • Greystar Real Estate Partners: The largest multifamily property manager and operator globally, managing well over 800,000 units. A broad incumbent that competes with Proper for both management contracts and acquisition targets, but at vastly greater scale and with vertically integrated investment capabilities.

Others

  • Livly (core technology partner): Resident experience and operations platform for multifamily properties. Included because Livly is the core technology backbone of Proper's platform and co-founded by Proper's Executive Chairman, making it a tightly coupled ecosystem participant rather than a direct competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Proper social profiles

Digital presence

Proper financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Proper leadership team

Management profile

Number of profiles

Profiles1 record

Proper funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Proper M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Proper

What does Proper do?

Proper is a Chicago-based national property management platform that acquires and consolidates fragmented multifamily property management operators under a "Flexible Autonomy" model. The platform provides liquidity and enterprise-grade resources (technology, operations support, shared infrastructure) to acquired owners while preserving their brands and operational independence. Proper currently operates six acquired operating companies (Novo Properties, Alexander Properties Group, FLATS, Guardian, CommonPlace, and Drexel) collectively managing nearly 20,000 multifamily units across 15 states, with the Livly technology platform serving as the centralized infrastructure backbone.

Is Proper a public or private company?

Proper is a private company. It is classified as unknown and is currently operating.

When was Proper founded?

Proper was founded in 2020. It employs 1 to 10 people.

Where is Proper based?

Proper is headquartered in New York, United States, in the North America region.

How does Proper make money?

One revenue line is on record: property Management Platform Fees.

Who are Proper's main competitors?

Direct peers on record are RPM Living, RangeWater Real Estate, Asset Living, Cardinal Group Companies, Mission Rock Residential, BH Management Services and Bozzuto. Broad incumbents are Cushman & Wakefield and Greystar Real Estate Partners. Livly (core technology partner) is listed as an others.

Does Proper have an API?

No public API is recorded for Proper.

What industry is Proper in?

Proper's product category is Multifamily Property Management. Its primary akta.pro industry code is BPAJAFAA, Multifamily Apartment Property Management. Its NAICS code is 53131 and its SIC code is 6531.

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Live signals
YahooAlex Samoylovich Positions Livly as Proper’s Technology BackboneAlex Samoylovich, executive chairman of Proper and co-founder of Livly, is highlighting Livly's role as the core technology layer powering Proper's national property management platform as it continues rapid expansion. Proper has scaled to nearly 20,000 units across 15 states following the addition of Alexander Properties Group, alongside previously announced operating companies including Novo Properties, FLATS, Guardian, CommonPlace, and Drexel. The platform's model pairs local operating excellence with centralized infrastructure, with Livly providing the technology foundation that connects resident experience, team workflows, communications, and automation to support local operators.PR NewswireProper Emerges as National Powerhouse with Strategic Acquisitions of Six Multifamily OperatorsProper, a national acquisitions and property management platform backed by private equity firm TriSpan, has completed two additional acquisitions bringing its total portfolio to six operating companies (Novo Properties, Alexander Properties Group, FLATS, Guardian, CommonPlace, and Drexel). The company has scaled to nearly 20,000 units across 15 states, positioning itself as a consolidation vehicle offering liquidity to property management company owners. Proper differentiates its model through a "Flexible Autonomy" approach, allowing acquired brands to maintain their identity while gaining access to enterprise-grade resources and capital.MorningstarProper Emerges as National Powerhouse with Strategic Acquisitions of Six Multifamily OperatorsProper, a Chicago-based acquisitions and property management platform, has completed its sixth acquisition round by adding two more operating companies to its portfolio, bringing the total to six: Novo Properties, Alexander Properties Group (APG), FLATS, Guardian, CommonPlace, and Drexel. The consolidation has expanded Proper's portfolio to nearly 20,000 units across 15 states, positioning it as a national platform in the fragmented property management industry. The company operates under a "Flexible Autonomy" model, offering liquidity and enterprise-grade resources to acquired property management owners while preserving their brands and operational independence.YahooAMANDA KLOOTS LAUNCHES PROPER: A NEXT-GEN SUPPLEMENT BRAND WITH INVESTMENT FROM THE CENTERFitness entrepreneur Amanda Kloots has launched Proper, a new supplement brand backed by investment from Ben Bennett's Beauty Accelerator, The Center. The brand offers five powdered supplement varieties priced at $28 per 30-serving jar, focusing on taste-forward, nutrient-dense formulas for daily wellness. Proper is now available through ProperHealth.com, with a tasting pack option at $9.Business InsiderThe pitch deck a first-time CEO used to raise more than $9 million in less than 6 months to help anxious sleepers and pandemic insomniacs get a good night's restProper, a telehealth startup, raised $9.5 million in under six months from Casa Verde and Redesign Health. The company combines personalized supplement regimens with certified sleep-behavior coaches. CEO Nancy Ramamurthi, a first-time CEO, has not met her cofounder in person due to the pandemic.American City Business JournalsProper lands $9.5M in funding to launch holistic sleeping pillsProper raised $9.5 million in funding to launch its holistic sleeping pills, led by Casa Verde Capital. The New York-based startup offers subscription-based supplements with sleep coaching, targeting a $106 billion market opportunity in 2023.FinSMEsProper Raises $9.5M in FundingProper, a NYC-based sleep wellness brand, raised $9.5M in funding led by Casa Verde Capital with Redesign Health participation. The company offers five sleep supplement formulations, including Core Sleep and Sleep + Restore, priced at $39.99 per bottle or via subscription with a 10% discount. The supplements are developed with Dr. Alice Hirschel and include expert sleep coaching.TechCrunchSnoop Dogg’s Casa Verde gets into the sleep space, backing NY-based ProperCasa Verde Capital led a $9.5 million investment in Proper, a sleep coaching and supplement company. Proper claims one-third of U.S. adults lack sufficient sleep and is running clinical trials for its formulations. The firm plans to explore CBD applications in its supplements.