RangeWater Real Estate
RangeWater Real Estate is a privately held, vertically integrated multifamily operator founded in 2006 in Atlanta, managing approximately 75,000 units across 13 Sun Belt and Mountain West states. The firm combines third-party property management, proprietary development, and asset management, operating sub-brands for traditional multifamily (RangeWater), build-to-rent (Storia), and age-targeted (Olea) communities.
- Company typePrivate
- Founded2006
- HeadquartersAtlanta, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What RangeWater Real Estate does
RangeWater Real Estate is a vertically integrated multifamily real estate operator founded in 2006 and headquartered in Atlanta, Georgia. The firm combines third-party property management services with proprietary development, acquisition, and asset management, operating approximately 75,000 multifamily and build-to-rent units across more than 300 assets in 13 states concentrated in the Sun Belt and Mountain West. Regional offices in Dallas, Denver, Tampa, and Salt Lake City support localized execution. RangeWater maintains three distinct product lines under dedicated brands: traditional Class A multifamily under the RangeWater Residential name, build-to-rent single-family rental communities under Storia (launched November 2020 with $800M in committed deployment), and age-targeted communities for empty nesters under Olea (launched August 2020 in Florida with planned Sun Belt expansion).
The company's technology stack layers third-party property management platforms (Entrata, Yardi, RealPage) with a proprietary RangeWater Business Intelligence platform that aggregates operational and market data across the portfolio for property-level decision support. AI and automation are deployed for chatbots, automated email, scheduling, payment management, and lead generation, with a Senior Vice President of Strategic Initiatives specifically tasked with advancing AI-driven automation and service centralization. An in-house RangeWater Design Studio handles branding, signage, photography, video, and website development for each community, supporting the consumer-facing leasing channel.
RangeWater's business model generates revenue from three streams: third-party property management fees, development and acquisition fees for owned and joint-venture projects, and asset management fees for institutional and private investor partners. The company is privately held with no disclosed institutional parent; it is led by CEO Glenn Mathis (appointed 2026, formerly CEO of OMERS-backed Integris) with founder Steven Shores serving as Chairman. Customer segments split between B2B clients (private owners, developers, and institutional investors seeking property and asset management) and B2C residents acquired via liverangewater.com, property-specific websites, virtual leasing, and direct outreach.
RangeWater Real Estate firmographics
Firmographics- Name
- RangeWater Real Estate
- Legal name
- RangeWater Real Estate, LLC
- Website
- https://liverangewater.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- RangeWater Real Estate is a privately held, vertically integrated multifamily operator founded in 2006 in Atlanta, managing approximately 75,000 units across 13 Sun Belt and Mountain West states. The firm combines third-party property management, proprietary development, and asset management, operating sub-brands for traditional multifamily (RangeWater), build-to-rent (Storia), and age-targeted (Olea) communities.
- Ownership category
- akta.pro rank
RangeWater Real Estate industry classification
Industry- Product category
- Multifamily Property Management
- NAICS
- Lessors of Other Real Estate Property (53119), Real Estate Property Managers (53131), Residential Property Managers (531311)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE)
- akta.pro secondary industry
- Relocation & Corporate Housing Brokerage (BPAJAAAG)
Keywords
Where RangeWater Real Estate is headquartered
LocationHeadquarters
- HQ city
- Atlanta
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
RangeWater Real Estate business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Third-Party Property Management Fees: RangeWater manages properties for third-party owners and investors, earning management fees for operating their multifamily and build-to-rent communities.
- Development and Acquisition Fees: The company generates fees through development and acquisition services for its owned portfolio and joint venture partners.
- Asset Management Fees: RangeWater provides asset management services, overseeing business plan execution and performance optimization for investor partners.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
RangeWater Real Estate product offering
Product offeringCore offering
RangeWater Real Estate is a fully integrated multifamily real estate company that acquires, develops, manages, and invests in multifamily, build-to-rent, and age-targeted residential communities across the Sun Belt and Mountain West regions. The company earns revenue primarily through third-party property management fees, asset management fees for institutional investors, and development/acquisition fees, operating a portfolio of approximately 75,000 units spanning 13 states.
Product overview
RangeWater Real Estate is a national multifamily operator pursuing asset value creation through an integrated technology stack that manages the entire leasing lifecycle from first inquiry through resident services. The company's core product offering is RangeWater Business Intelligence, a data-driven platform enabling operational excellence and faster decision-making. Supporting this core platform are specialized sub-brands: Storia (build-to-rent single-family communities representing approximately 15-23% of managed assets), Olea (age-targeted communities for empty nesters), and the RangeWater Design Studio (in-house creative agency handling branding, design, photography, and website development). The portfolio spans approximately 75,000 multifamily units across 13 states in the Sun Belt and Mountain West regions.
Differentiator
Problem solved
Functional benefit
Brands
- Storia: Build-to-rent single-family platform offering detached single-family home communities with institutional-level investment, professional property management, and community amenities.
- Olea
Products and services
- Third-Party Property Management Full-service property management for multifamily and build-to-rent communities owned by private owners, developers, and institutional investors. Includes leasing, resident services, maintenance, financial reporting, and operational oversight.
- Asset Management Services Oversight of business plan execution and performance optimization for investor partners, including NOI optimization and investment strategy alignment for multifamily and build-to-rent portfolios.
- Real Estate Development and Acquisitions Development, acquisition, and disposition services for multifamily communities, executed for RangeWater's owned portfolio and joint venture partners, with track record of $6.3 billion in total capitalization since inception.
- Storia Build-to-Rent Communities Build-to-rent single-family rental platform offering detached single-family home communities and townhome developments with institutional-level investment, professional property management, and community amenities. Targets millennials, empty nesters, and single parents seeking more space and privacy. Represents approximately 23% of RangeWater's managed portfolio unit count.
- Olea Age-Targeted Communities Age-targeted and age-restricted rental communities designed for empty nesters seeking active and social lifestyles. Properties offer resort-style amenities, concierge services, lifestyle coordinators, and specialized events and programming. Currently operating in Florida with expansion planned across the Sun Belt.
- RangeWater Design Studio Full-service in-house branding and design agency providing branding, signage, print collateral, photography, lifestyle video, and custom website development for RangeWater communities.
Quantifiable outcome
- More than doubled communities under management from 176 in 2020 to 375+
- +2 more outcomes
Companies that use RangeWater Real Estate
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
RangeWater Real Estate technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability3 records
Feature1 record
RangeWater Real Estate partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and flagship.
- Groove Technology SolutionscoreGroove Technology Solutions was selected as a Preferred Technology Partner for RangeWater Real Estate, covering the company's portfolio of approximately 75,000 multifamily units across 13 states. Through this partnership, Groove provides a comprehensive suite of property technology solutions spanning advisory, design, deployment, and ongoing portfolio support, including access control, smart building technologies, EV charging infrastructure, and parcel management systems.
- EntrywayflagshipThe RangeWater Impact Foundation, the 501(c)(3) volunteer-based and employee-led philanthropic organization of RangeWater Real Estate, entered a five-star alliance partnership with Entryway (formerly Shelters to Shutters). The nationally recognized non-profit offers career training, employment, and housing in partnership with real estate operators, providing economic self-sufficiency opportunities.
- EntratacoreEntrata provides property management software platform used by RangeWater for website functionality, prospective resident and resident services.
- YardicoreYardi provides property management and accounting software platform used by RangeWater for property operations and financial management.
- RealPagecoreRealPage provides property management technology solutions used by RangeWater for lease management, resident screening, and property operations.
Scale indicators10 records
Recent moves8 records
Expansion highlights5 records
RangeWater Real Estate competitors and assessment
Company assessmentDirect peers
- Asset Living: Top-10 US multifamily property manager with a similar third-party management focus and Sun Belt-heavy footprint. Competes directly with RangeWater for institutional third-party mandates.
- Greystar Real Estate Partners: The largest multifamily property manager and operator in the US, managing over 800,000 units. Directly comparable to RangeWater as a fully integrated multifamily and BTR operator with national Sun Belt exposure and investment management capabilities.
- Lincoln Property Company: Fully integrated multifamily owner, developer, and third-party manager with a comparable Sun Belt/Mountain West concentration and similar resident demographics focus.
- RPM Living: Multifamily property management and investment firm of comparable scale (~200,000+ units). Former employer of RangeWater's CFO Jim Mauck, indicating very similar business model and operating geography.
- FPI Management: Multifamily property management firm serving institutional owners with a similar third-party mandate focus and US-wide footprint that includes Sun Belt markets.
- Bozzuto Group: Multifamily developer, owner, and manager with strong East Coast and Sun Belt exposure. Comparable in its integrated model combining development, ownership, and third-party management.
- BH Management Services: Multifamily property manager of comparable scale with both third-party and owned portfolios, directly competing for the same institutional owner relationships RangeWater serves.
Broad incumbents
- Cushman & Wakefield: Global commercial real estate services firm with a multifamily property management arm. A broader incumbent offering multifamily management alongside investment sales, valuation, and advisory services.
- JLL (Jones Lang LaSalle): Global real estate services platform with multifamily property management capability. Operates broadly across the industry rather than specializing in multifamily like RangeWater.
Regional players
- MAA (Mid-America Apartment Communities): Large multifamily REIT concentrated in the Southeast and Sun Belt. Comparable resident demographic and geography, but operates primarily as an owner rather than a third-party manager.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
RangeWater Real Estate social profiles
Digital presenceRangeWater Real Estate financial estimates
Financial estimateRevenue estimate
Valuation estimate
RangeWater Real Estate leadership team
Management profileNumber of profiles
Profiles11 records
RangeWater Real Estate subsidiaries and ownership
Company hierarchySubsidiaries2 records
RangeWater Real Estate funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RangeWater Real Estate M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about RangeWater Real Estate
What does RangeWater Real Estate do?
RangeWater Real Estate is a fully integrated multifamily real estate company that acquires, develops, manages, and invests in multifamily, build-to-rent, and age-targeted residential communities across the Sun Belt and Mountain West regions. The company earns revenue primarily through third-party property management fees, asset management fees for institutional investors, and development/acquisition fees, operating a portfolio of approximately 75,000 units spanning 13 states.
Is RangeWater Real Estate a public or private company?
RangeWater Real Estate is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was RangeWater Real Estate founded?
RangeWater Real Estate was founded in 2006. It employs 501 to 1,000 people.
Where is RangeWater Real Estate based?
RangeWater Real Estate is headquartered in Atlanta, United States, in the North America region.
How does RangeWater Real Estate make money?
Three revenue lines are on record. Third-Party Property Management Fees are the primary driver. The others are development and Acquisition Fees and asset Management Fees.
Who are RangeWater Real Estate's main competitors?
Direct peers on record are Asset Living, Greystar Real Estate Partners, Lincoln Property Company, RPM Living, FPI Management, Bozzuto Group and BH Management Services. Broad incumbents are Cushman & Wakefield and JLL (Jones Lang LaSalle). MAA (Mid-America Apartment Communities) is listed as a regional player.
Does RangeWater Real Estate have an API?
No public API is recorded for RangeWater Real Estate.
What industry is RangeWater Real Estate in?
RangeWater Real Estate's product category is Multifamily Property Management. Its primary akta.pro industry code is BPAJAAAE, Residential Investment Property Brokerage (SFR/Small Multifamily), with a secondary code of BPAJAAAG, Relocation & Corporate Housing Brokerage. Its NAICS code is 53119 and its SIC code is 6532.