What BLDG Management Co. does

BLDG Management Co., Inc. is a Denver-headquartered, New York-domiciled private real estate management and development company specializing in multifamily assets. Founded in 2011 and operating with 11-50 employees, the firm has developed and operates The Orchard, a 70-story luxury rental tower in Long Island City, Queens — the tallest tower in Queens — containing 824 residences. The company partners with institutional lenders, including Bank Hapoalim, City National Bank, and Israel Discount Bank, and maintains a $425 million debt facility supporting its development pipeline.

In late 2025, BLDG Management, jointly with Metrovest Equities, acquired the Beach Retreat & Lodge in South Lake Tahoe, California for $40 million (with an additional $45 million future advance committed) and plans to renovate and rebrand the property as a Gurney's Resort by early 2027. This transaction marks BLDG's expansion beyond New York multifamily into the California market and the hospitality vertical. The firm is led by founder and CEO Matthew Joblon, with Donald Olenick serving as General Counsel & SVP.

The business model combines real estate development, asset management, and property management, generating revenue from management fees on owned/operated assets, development margins, and co-investment returns. The Orchard is supported by a strategic parking partnership with Reimagined Parking (License Plate Recognition, EV charging across 207 spots). Pricing and revenue mechanics are not publicly disclosed, and the firm does not maintain a public app, API, or proprietary software platform.

Name

BLDG Management Co.

Legal name

BLDG Management Co., Inc.

Website

https://bldgmanagement.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

BLDG Management Co. is a Denver-based, New York-domiciled private real estate firm that develops and manages multifamily properties, anchored by The Orchard, a 70-story, 824-unit luxury rental tower in Long Island City, Queens, and expanding into California hospitality.

Ownership category

akta.pro rank

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Core offering

BLDG Management Co. is a real estate development and property management firm that acquires, develops, renovates, and operates multifamily residential and hospitality properties. Its portfolio includes The Orchard, a 70-story luxury rental tower in Long Island City, Queens with 824 residences, and the Beach Retreat & Lodge in South Lake Tahoe, California, acquired and being rebranded as a Gurney's Resort by early 2027.

Product overview

Based on the available source data, BLDG Management Co. is a real estate development and property management company. The identified projects include The Orchard, a 70-story luxury rental tower in Long Island City, Queens (developed by BLDG Management Co.), and the Beach Retreat & Lodge in South Lake Tahoe acquired for rebranding as a Gurney's Resort. No specific named product offerings, software platforms, or service modules were identified in the provided source materials.

Differentiator

Problem solved

Functional benefit

Products and services

• The Orchard A 70-story luxury rental residential tower in Long Island City, Queens, comprising 824 residences with 207 parking spots equipped with License Plate Recognition and EV charging infrastructure, offered to urban professional and household renters seeking premium amenities.
• Gurney's Resort (formerly Beach Retreat & Lodge)

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Reimagined ParkingcoreStrategic or Co-development Partner · 30 March 2026Reimagined Parking has been selected as the official parking operator for The Orchard, a 70-story luxury rental tower in Long Island City developed by BLDG Management Co. The partnership provides advanced parking technology including License Plate Recognition and EV charging infrastructure across 207 parking spots to deliver a frictionless, fully digital parking experience for the building's 824 residences and visitors.
• Metrovest EquitiescoreStrategic or Co-development Partner · 3 November 2025BLDG Management and Metrovest Equities jointly acquired the Beach Retreat & Lodge in South Lake Tahoe, California. The partners plan a full renovation to rebrand it as a Gurney's Resort by early 2027, including extensive upgrades to amenities, guest accommodations, and event spaces.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Greystar Real Estate Partners: Largest US multifamily property management and investment platform, directly comparable to BLDG Management's multifamily management and operations focus, with similar vertical integration of management and investment activities.
• Bozzuto: Multifamily-focused real estate company combining development, construction, and property management — closely aligned with BLDG's vertically integrated development-plus-management approach in luxury urban residential.
• The Related Companies: Major luxury and mixed-use real estate developer with significant NYC presence including high-rise residential; comparable to BLDG for its flagship luxury rental developments and urban trophy asset strategy.
• The Durst Organization: NYC-focused real estate developer and manager of large-scale residential and commercial properties; directly comparable to BLDG's NYC luxury tower development and property management activities.
• Lincoln Property Company: Diversified real estate firm with one of the largest US multifamily management portfolios and a development pipeline; comparable to BLDG across the management-plus-development model.

Broad incumbents

• AvalonBay Communities: Public multifamily REIT that develops, acquires, and manages Class A apartment communities in high-barrier US markets; broader incumbent benchmark for BLDG's multifamily development strategy.
• Equity Residential: Large public multifamily REIT focused on urban and high-density Class A rentals in gateway markets like NYC; a broad incumbent peer for BLDG's luxury urban rental focus.
• Tishman Speyer: Global real estate developer and operator with significant NYC luxury residential and mixed-use projects; comparable as a broader luxury real estate incumbent pursuing similar asset classes and geographies.
• Brookfield Property Group: Diversified global real estate platform spanning office, retail, multifamily, and hospitality; a broad incumbent relevant for benchmarking BLDG's diversification into hospitality and mixed-use development.
• Cushman & Wakefield: Global real estate services firm with a sizable property management business; relevant as a broader incumbent providing outsourced management and operational services similar to BLDG's property management activities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/bldgmanagement
• Facebookfacebook.com/bldgmanagement
• LinkedInlinkedin.com/company/bldg-management-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors3 records

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

M&A

Investments1 record

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

Frequently asked questions about BLDG Management Co.