Holladay Properties

What Holladay Properties does

Holladay Properties is a vertically integrated, full-service commercial real estate company headquartered in South Bend, Indiana, founded in 1952 and operating as a privately held LLC. The firm combines four core service lines—development, property management (multi-family and commercial modules), brokerage, and design—delivered through eight regional offices spanning South Bend, Nashville, Chicago (Clarendon Hills), Portage, Indianapolis, Richmond (Ashland, VA), Orlando (Winter Park, FL), and Savannah, GA. Its owned and managed portfolio carries a stated value of approximately $1.3 billion and spans master-planned business parks under the AmeriPlex brand (including the 1,800-acre AmeriPlex-Indianapolis, 385-acre AmeriPlex at the Port, and 386-acre AmeriPlex at the Crossroads), luxury and mixed-use multi-family communities (1,200+ units with a stated path to 2,400+ units), extended-stay and select-service hospitality franchised under Wyndham (ECHO Suites), Choice Hotels (WoodSpring Suites), and Hilton (Tempo by Hilton), plus industrial, healthcare, retail, self-storage, and adaptive reuse assets.

Revenue is generated through three primary streams: development and construction management fees on build-to-suit and speculative projects; recurring property management fees across the multi-family and commercial portfolios; and commercial brokerage commissions on leasing and sales transactions. Pricing is project-based and quote-driven rather than tiered, with multi-year contracts typical for development mandates and long-term leases. Distribution is conducted via direct, relationship-driven enterprise field sales targeting property owners, institutional investors, healthcare systems, franchise operators, and municipal governments; competitive bidding is used for public-private partnership projects. Strategic execution is supported by a wholly-owned construction affiliate (Holladay Construction Group, established 2007), formal franchise partnerships with the three major hospitality brands, and joint ventures with entities including Purdue Research Foundation and the City of Indianapolis.

The business model is owner-operator in character: Holladay co-invests on third-party projects alongside fee-based services, which deepens municipal and tenant relationships but introduces capital intensity and concentration on secondary-market Midwestern and Southeastern U.S. metros. Recent product launches and JVs (Five Corners, Northwood Station, Glenwood Station, ECHO Suites multi-market rollout, Central State 150-acre Indianapolis JV, Donelson Plaza Nashville revitalization, and AmeriPlex Marquette 20-acre park) evidence an active growth posture across both residential and commercial asset classes.

Name

Holladay Properties

Legal name

Holladay Properties, LLC

Website

https://holladayproperties.com#

Company type

Private

Founded year

1952

Operating status

Operating

Headcount range

251–500 employees

Short description

Holladay Properties is a vertically integrated commercial real estate firm offering development, property management, brokerage, and design services across eight U.S. offices, operating a $1.3B portfolio spanning multi-family, industrial, healthcare, hospitality, self-storage, and master-planned business parks for institutional, corporate, and municipal clients.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Nonresidential Property Managers (531312), Residential Property Managers (531311), Other Activities Related to Real Estate (531390)

SIC

Real Estate Agents & Managers (For Others) (6531), Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Apartment Buildings (6513), Hotels & Motels (7011), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Commercial real estate development
• Property management services
• Real estate brokerage
• Multi-family residential development
• Industrial real estate development

Headquarters

HQ city

South Bend

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Development Services: Fees earned from developing commercial real estate projects including new construction, redevelopment, and adaptive reuse. Revenue includes development fees, construction management, and design services for property owners and real estate developers.
2. Property Management: Ongoing property management fees for multi-family residential, commercial office, industrial, hospitality, and retail properties. Includes facilities maintenance, landscaping, lease administration, and accounting services.
3. Brokerage: Commercial real estate brokerage commissions for leasing and sales transactions across industrial, office, retail, and multi-family asset classes.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Holladay Properties provides full-service commercial real estate solutions including development (new construction, redevelopment, adaptive reuse), property management (multi-family and commercial), brokerage (leasing and sales), and design services (architecture and interior design). The firm also develops and operates branded hospitality properties under franchise agreements and master-planned business parks, serving property owners, institutional investors, corporate tenants, healthcare systems, hotel operators, and municipalities.

Product overview

Holladay Properties is a vertically integrated commercial real estate company offering full-service real estate solutions across the country. The company operates as a unified platform combining development services, property management, brokerage, and design services into a coordinated offering. Development Services serves as the core engine, managing new construction and redevelopment projects from inception to completion. Property Management is delivered through two specialized modules: Multi-Family Property Management (currently managing 1,200 units with plans to grow to 2,400+) and Commercial Property Management (covering industrial, office, retail, and hospitality properties). Brokerage and Design Services complement the core offerings. The portfolio includes branded hospitality products (ECHO Suites Extended Stay by Wyndham, WoodSpring Suites, Tempo by Hilton, Affordable Suites of America), master-planned business parks (AmeriPlex family of parks), multi-family residential communities (Burlington Station, Union Square, Lilac Station), self-storage (Acorn Storage), and industrial properties. The company has $1.3B in Owned Portfolio Value.

Differentiator

Problem solved

Functional benefit

Brands

• Holladay Hospitality Group: Hospitality division of Holladay Properties focusing on hotel development and management.
• AmeriPlex

Products and services

• Development Services
• Property Management
• Multi-Family Property Management
• Commercial Property Management
• Brokerage
• Design Services
• AmeriPlex Business Parks
• ECHO Suites Extended Stay by Wyndham
• WoodSpring Suites
• Tempo by Hilton
• Affordable Suites of America
• Acorn Storage

Quantifiable outcome

• Achieved top 1% ranking nationally for Burlington Station luxury apartment community in 2023 and 2024
• +3 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

15 partnerships are on record, tiered core and minor.

• Purdue Research FoundationcoreStrategic or Co-development PartnerJoint venture partnership with Purdue Research Foundation for AmeriPlex at the Crossroads, a 386-acre Certified Technology Park in Merrillville, IN. The partnership leverages Purdue University's research capabilities and economic development mission with Holladay's real estate development expertise.
• AmeriPlex Marquette (City of Michigan City)coreStrategic or Co-development PartnerPartnership with City of Michigan City, Indiana for AmeriPlex Marquette, a 20-acre business park development at Cleveland Avenue and US Highway 20 offering up to 228,000 SF of flexible space.
• Central Greens, LLCcoreStrategic or Co-development PartnerJoint venture with Central Greens, LLC and City of Indianapolis for Central State, a 150-acre mixed-use village on the near Westside of Indianapolis.
• Wyndham Hotels & ResortscoreChannel Partner/ Reseller/ DistributorDevelopment partner for ECHO Suites Extended Stay by Wyndham hotels. Holladay develops properties under Wyndham franchise, with projects in Madison, WI, Indianapolis, IN, and Gallatin, TN.
• Choice Hotels InternationalcoreChannel Partner/ Reseller/ DistributorFranchise partner for WoodSpring Suites extended-stay hotels. Holladay has developed 15+ WoodSpring Suites properties including locations in Romeoville, IL, Libertyville, IL, Gurnee, IL, and Ashland, VA.
• Hilton HotelsminorChannel Partner/ Reseller/ DistributorDevelopment partner for Tempo by Hilton hotels including Manassas, VA location at NOVA LIVE Campus.
• City of IndianapoliscoreStrategic or Co-development PartnerLong-standing partnership with City of Indianapolis for AmeriPlex-Indianapolis, a 1,800-acre business park that broke ground in 1995. Partnership includes land donations, infrastructure development, and ongoing joint ventures.
• City of PortagecoreStrategic or Co-development PartnerPartnership with City of Portage, IN for AmeriPlex at the Port, a 385-acre mixed-use business park on I-94 near Lake Michigan and the Port of Indiana. Includes competitive tax guidelines and access to economic incentives.
• Village of HomewoodminorStrategic or Co-development PartnerSelected as developer for transit-oriented development project at village hall parking lot and Matrix Building sites in Homewood, IL (Chicago suburb).
• Holladay Construction GroupcoreOthersRelated entity providing general contracting and construction management services for Holladay Properties developments. Established in 2007 as separate LLC.
• Northwest HealthcoreStrategic or Co-development PartnerHealthcare system partnership for medical office building development. Projects include Valparaiso MOB and Michigan City medical facilities.
• Select MedicalcoreStrategic or Co-development PartnerLong-term lease partnership for 72,000 SF rehabilitation hospital at 7450 Sand Lake Commons Blvd in Orlando, FL.
• City of NashvillecoreStrategic or Co-development PartnerPartnership with City of Nashville for Donelson Plaza revitalization including new Nashville Public Library branch and mixed-use redevelopment.
• Mahany Construction Co.minorImplementation/ SI/ Consulting PartnerGeneral contractor for Bourne Boulevard Industrial development in Savannah, GA.
• Stevens ConstructionminorImplementation/ SI/ Consulting PartnerGeneral contractor for ECHO Suites Madison, WI development.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• VanTrust Real Estate: Full-service commercial real estate developer offering development, investment, and asset management across industrial, office, multi-family, and mixed-use. Highly comparable vertically integrated model targeting similar mid-market and institutional clients across multiple U.S. regions.
• Thompson Thrift: Privately held real estate development and investment company developing multifamily residential, mixed-use, and commercial projects nationwide. Comparable in vertical integration, multi-state footprint, and parallel pursuit of multi-family and build-to-suit commercial work.
• The NRP Group: Vertically integrated developer, owner, and manager of multifamily housing, including market-rate, affordable, and senior communities. Comparable as a multifamily developer/manager pursuing similar scale and geographic diversification as Holladay's multi-family expansion.
• NorthPoint Development: Privately held industrial real estate developer specializing in master-planned business parks, build-to-suit, and speculative industrial. Comparable on the AmeriPlex-style master-planned business park model and the multi-state industrial expansion thesis.
• Milhaus: Multifamily and mixed-use real estate developer focused on Class A urban and suburban apartment communities across the Midwest and Southeast. Comparable on multi-family product type, geography (Indianapolis, Chicago-adjacent markets), and target renter demographic.
• Trademark Property Company: Full-service real estate developer specializing in mixed-use, retail, office, and multifamily projects. Comparable on the mixed-use development focus (e.g., Donelson Plaza Revitalization) and on managing large-scale, multi-phase projects for institutional partners.
• Kinseth Hospitality Companies: Private hotel development, ownership, and management company operating across multiple franchise brands. Comparable on third-party franchise development model, multi-state footprint, and parallel focus on select-service and extended-stay hotel product types.
• Becknell Industrial: Privately held industrial real estate developer, owner, and operator focused on build-to-suit and speculative warehouse/distribution facilities. Comparable on the AmeriPlex industrial master-planned business park model and the build-to-suit tenant relationships.

Emerging players

• CA Ventures: Real estate investment and development firm active in student housing, multifamily, and hospitality. Comparable on multifamily development and management, with partial overlap on the hospitality development thesis and extended-stay hotel exposure.
• Arbor Lodging: Hotel-focused real estate investment and management firm developing and operating select-service and extended-stay properties. Comparable on the extended-stay development pipeline that Holladay is building with Wyndham and Choice Hotels franchise partnerships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCbPl0fozRIy_KqWrVG12Dsg
• Facebookfacebook.com/holladayproperties
• LinkedInlinkedin.com/company/holladay-properties
• Instagraminstagram.com/holladayproperties
• Xx.com/holladayprop

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about Holladay Properties