Gorman & Company

What Gorman & Company does

Gorman & Company is a privately held, vertically integrated affordable housing developer founded in 1984 and headquartered in Wisconsin. The company develops, designs, constructs, and manages affordable, workforce, and public housing communities, alongside historic preservation and adaptive reuse projects, through three core operating subsidiaries: Gorman Architectural (established 1998), Gorman General Contractors, LLC (established 2009), and an in-house Portfolio Management division. Its portfolio spans nearly 15,000 units developed or under development and more than 7,000 units actively managed across 13+ states, with regional offices in Wisconsin, Arizona, Colorado, Illinois, Indiana, Pacific Northwest (Portland), and the Southeast (Atlanta).

The company generates revenue through development fees, construction services, long-term property management, asset management, compliance, and tax-credit syndication work structured around federal Low-Income Housing Tax Credits, state LIHTCs, historic tax credits, tax-exempt bonds, RAD program conversions, Choice Neighborhoods grants, and ARPA funding. Its go-to-market is exclusively sales-led via public-private partnerships with municipalities, county governments, public housing authorities, and nonprofit co-developers, targeting AMI tiers from 0% to 120% and specializing in permanent supportive housing for Veterans, seniors, individuals with disabilities, and the chronically homeless.

Gorman is recognized by Affordable Housing Finance magazine as one of the nation's top Affordable Housing Developers for more than a decade, has received the Secretary's Award for Excellence in Historic Preservation, and operates major regional presences including the largest affordable housing portfolio in Arizona with 2,000+ units.

Name

Gorman & Company

Legal name

Gorman & Company

Website

https://gormanusa.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

251–500 employees

Short description

Gorman & Company is a vertically integrated, privately held affordable housing developer founded in 1984 that develops, designs, constructs, and manages affordable, workforce, and public housing across 13+ U.S. states through dedicated architecture, construction, and property management subsidiaries.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131), Architectural Services (54131)

SIC

Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

akta.pro secondary industries

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB), Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG)

Keywords

• Affordable housing development
• Real estate development
• Property management services
• Historic preservation
• Workforce housing

Headquarters

HQ city

Oregon

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Housing Development & Property Management: Gorman & Company generates revenue through development fees, construction management, and long-term property management of affordable and workforce housing communities across their portfolio of nearly 7,000 managed units.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Gorman & Company is a fully integrated affordable housing developer that develops, finances, designs, constructs, and manages affordable, workforce, public, and senior housing communities across the United States. The company operates through in-house divisions covering architecture (Gorman Architectural), construction (Gorman General Contractors), development, and portfolio/property management, delivering nearly 15,000 units developed or in development across 13 states. Revenue is generated through development fees, construction management, and long-term property management of rental housing serving households from 0% to 120% of Area Median Income.

Product overview

Gorman & Company is a fully integrated affordable housing development company offering architecture, development, construction, and portfolio management services through its in-house divisions. The company operates as a unified platform rather than separate modules, with services including Gorman General Contractors (construction), Gorman Architectural (design), and Portfolio Management (property management). The portfolio includes diverse housing products ranging from affordable apartment communities serving 0-80% AMI households to workforce housing (80-120% AMI), permanent supportive housing for special populations, senior housing, and historic adaptive reuse projects. Recent major developments include Vista Verde in Colorado (Net Zero ready), Centerline on Glendale in Arizona (368 units), and various historic preservation projects like the Embassy Suites Rockford Hotel & Conference Center.

Differentiator

Problem solved

Functional benefit

Products and services

• Development Services
• Architecture Services
• Gorman General Contractors, LLC
• Portfolio Management
• Affordable Housing Communities (Rental Housing Portfolio)
• Vista Verde (Workforce Housing Community)
• Centerline on Glendale (Mixed-Income Housing)
• The Tapestry (Affordable Housing Development)
• Embassy Suites Rockford Hotel & Conference Center
• Mason Manor (Historic Preservation Affordable Housing)

Quantifiable outcome

• Nearly 15,000 units of housing developed or in development across 13 states
• +3 more outcomes

Named customers8 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Ten partnerships are on record, tiered core and minor.

• Housing Authority of Maricopa County (HAMC)coreStrategic or Co-development PartnerPartnership on multiple public housing redevelopment projects including Coffelt-Lamoreaux (301 units), Madison Heights (77 units), and River at Eastline Village (56 units). HAMC is a key partner for RAD conversions.
• Vail ResortscoreStrategic or Co-development PartnerGorman partnered with Vail Resorts to craft workforce housing for seasonal workers at Wintergreen Village (196 units) and Vista Verde (172 units) in Colorado ski resort communities.
• Denver Housing AuthoritycoreStrategic or Co-development PartnerPartnership on Colburn Hotel (91 units) SRO to Project Based Voucher conversion under HUD's RAD program, with admissions preference for homeless individuals.
• Save the Family Foundation / ARMcoreStrategic or Co-development PartnerCo-developer and service provider for Valor on Eighth (Veteran housing) and Escobedo at Verde Vista (chronically homeless and SMI populations) in Arizona.
• Great Lakes DryhootchcoreStrategic or Co-development PartnerNonprofit service provider at Valor on Washington providing on-site services for Veterans, with non-profit service provider on first floor of development.
• U.S.VETS / Department of Veterans AffairscoreStrategic or Co-development PartnerPartnership through Enhanced-Use Lease (EUL) program for Fort Whipple Veterans Housing project (126 residences) providing wraparound services including workforce development, case management, counseling, and healthcare.
• Esperanza En EscalantecoreStrategic or Co-development PartnerCo-developer nonprofit for Esperanza I & II (94 units) serving chronically homeless Veterans in Tucson, providing social services including case management, transportation, wellness programs, and job readiness.
• Mountain Park Health (FQHC)minorStrategic or Co-development PartnerHealthcare provider operating new FQHC at Centerline on Glendale development, providing health services near transit and employment.
• Bi-County ServicesminorStrategic or Co-development PartnerSupportive services provider for Bluffton Family Townhomes in Indiana, providing services for residents with developmental or intellectual disabilities.
• YMCAminorStrategic or Co-development PartnerLicensed YMCA childcare center included at Bluffton Family Townhomes development amenities.

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Market position

Strengths5 records

Weaknesses1 record

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/gormanandco
• Facebookfacebook.com/gorman-company-inc-54319142378
• LinkedInlinkedin.com/company/gormanusa
• Instagraminstagram.com/gormanusa

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

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 Gorman & Company