Westminster Company
Westminster Company is a Greensboro, NC-based privately held property management firm managing 63 affordable and federally assisted multifamily properties (~5,000 units) across North Carolina, South Carolina, and Virginia, serving low-income families, seniors, and disabled individuals through HUD, Section 8, USDA, and LIHTC programs.
- Company typePrivate
- Founded1970
- HeadquartersGreensboro, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Westminster Company does
Westminster Company is a privately held property management firm headquartered in Greensboro, North Carolina, that specializes in managing multifamily affordable housing communities across North Carolina, South Carolina, and Virginia. Founded in 1970, the company currently manages 63 properties encompassing nearly 5,000 units of affordable and federally assisted housing, with a particular focus on HUD Section 8, USDA Rural Development, and Low-Income Housing Tax Credit (LIHTC) properties serving low-income families, seniors (62+), and disabled individuals. Westminster also manages conventional and mixed-income properties as a secondary line of business, but the affordable housing segment is its core competency and primary differentiator.
Westminster's service portfolio spans core property management plus add-on modules including accounting services (using HUD Section 8, Rural Development, and Tax Credit accounting under centralized CPA supervision), communication and IT services across all offices, and resident services including youth and adult recreational programs, budgeting classes, and drug and crime prevention training. A defining capability is the operation of 28+ Neighborhood Networks Computer Learning Centers, a HUD initiative providing computer access, job training, education, and family services to residents of multifamily housing developments. The company's technology stack is conventional for the industry: Realpage for property management and online leasing, LoftL Living for resident portals, Microsoft for office operations, Dell for hardware, and QuickBooks for accounting. Since 1995, Westminster has held Accredited Management Organization (AMO) certification through the Institute of Real Estate Management (IREM), maintained annually, signaling durable regulatory and operational compliance expertise.
Westminster has been a subsidiary of Corcoran Jennison Company since 1993. Its revenue model is fee-based property management services for both affiliated Corcoran Jennison portfolio units and third-party fee-managed units, with rent amounts for residents determined by income level under federal affordable housing guidelines. The company markets through a mix of digital channels (website with apartment search, Facebook, LinkedIn, quarterly PDF newsletters) and industry association engagement (IREM, SAHMA). Westminster has accumulated significant industry recognition over its history, including HUD Best Practices Awards (1998, 1999), HUD Superior rating (2002), over 40 SAHMA Communities of Quality designations since 2005, and a Top 100 Management Companies ranking by Satisfacts.
Westminster Company firmographics
Firmographics- Name
- Westminster Company
- Legal name
- Westminster Company
- Website
- https://westminstercompany.com
- Company type
- Private
- Founded year
- 1970
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Westminster Company is a Greensboro, NC-based privately held property management firm managing 63 affordable and federally assisted multifamily properties (~5,000 units) across North Carolina, South Carolina, and Virginia, serving low-income families, seniors, and disabled individuals through HUD, Section 8, USDA, and LIHTC programs.
- Ownership category
- akta.pro rank
Westminster Company industry classification
Industry- Product category
- Affordable Housing Property Management
- NAICS
- Residential Property Managers (531311), Real Estate Property Managers (53131)
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)
- akta.pro secondary industries
- Multifamily (Apartment) Property Management (BPAJAGAD), Senior & Assisted Living Residential Property Management (BPAJAFAE)
Keywords
Where Westminster Company is headquartered
LocationHeadquarters
- HQ city
- Greensboro
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Westminster Company business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Property Management Fees: Fee-based property management services for property owners. The company manages properties for both affiliated portfolios and third-party fee-managed units. Services include property management, accounting, and resident services.
- HUD/Subsidized Housing Management: Management of affordable housing units with government subsidies including Section 8 program and HUD-assisted properties
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Income-based affordable housing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Westminster Company product offering
Product offeringCore offering
Westminster Company provides full-service property management for multifamily residential portfolios, with specialization in HUD/Section 8 affordable housing, low-income housing tax credit (LIHTC) properties, conventional market-rate properties, and mixed-income communities. The firm manages 63 properties of nearly 5,000 units across North Carolina, South Carolina, and Virginia, delivering on-site operations, leasing, accounting, compliance, maintenance, and resident services to property owners, and serves residents through on-site leasing offices and online search tools.
Product overview
Westminster Company operates as a property management firm offering a unified portfolio of services centered on multifamily residential property management. The core offering includes management services for three property types: Affordable Housing/Tax Credits, Conventional Properties, and Mixed-Income Properties. These are supported by add-on modules including Accounting Services, Communication Services, Resident Services, and an Apartment Search Platform. The company also operates Neighborhood Networks Centers, a HUD initiative providing computer training and community services at their properties. Currently manages 63 properties with nearly 5000 units across North Carolina, South Carolina, and Virginia.
Differentiator
Problem solved
Functional benefit
Products and services
- Property Management Services Full-service third-party property management for multifamily residential portfolios, including on-site staffing, leasing, maintenance, accounting, compliance, and resident services, delivered to property owners across North Carolina, South Carolina, and Virginia.
- Affordable Housing / Tax Credits Management Specialized property management for HUD/Section 8 and LIHTC affordable housing properties, covering tenant eligibility, income certification, recertifications, REAC inspection readiness, and HUD Chart of Accounts financial reporting for owners and investors.
- Conventional Properties Management Property management services for conventional market-rate multifamily rental properties, including leasing, maintenance, resident relations, and owner reporting.
- Mixed-Income Properties Management Property management for mixed-income residential communities that combine affordable and market-rate units within a single property, requiring coordinated leasing, compliance, and resident services across multiple income tiers.
- Accounting Services Property-level accounting and financial reporting for managed properties, including HUD Chart of Accounts reporting for affordable housing properties and consolidated owner reporting.
- Communication Services Owner and resident communications services supporting property management, including owner reporting and resident correspondence infrastructure.
- Resident Services On-site resident services programming for residents of managed properties, including self-sufficiency, community engagement, and support services, anchored by Neighborhood Networks Centers.
- Neighborhood Networks Centers On-site center-based programming at managed affordable housing properties that delivers resident self-sufficiency, education, and community engagement services to residents.
- Apartment Search and Online Application Portal Online apartment search and application experience for prospective residents, enabling them to browse available units at Westminster-managed properties and submit applications.
Quantifiable outcome
- 63 properties managed with nearly 5000 units
- +2 more outcomes
Companies that use Westminster Company
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles2 records
Westminster Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature2 records
Westminster Company partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and major.
- Institute of Real Estate Management (IREM)coreWestminster Company maintains Accredited Management Organization (AMO) certification through IREM since 1995. On-site managers are supervised by Certified Property Managers or candidates for that designation through IREM.
- U.S. Department of Housing and Urban Development (HUD)corePrimary regulatory partner for affordable housing programs. Westminster manages properties subsidized under Section 8 and other HUD programs. Partnership includes Neighborhood Networks initiative for resident education.
- Southeastern Assisted Housing Management Association (SAHMA)majorIndustry association through which Westminster properties have received multiple Community of Quality awards. Vice President Leah Lyerly received SAHMA State Director of the Year award in 2005.
- RealpagemajorSoftware provider for certified accounting and government compliance reporting. Used for property management, online leasing applications, and resident portals across all properties.
- USDA Rural DevelopmentmajorPartner for rural housing programs. Some Westminster properties receive subsidies through USDA Rural Development in addition to HUD programs.
Scale indicators5 records
Recent moves7 records
Expansion highlights4 records
Westminster Company competitors and assessment
Company assessmentDirect peers
- WinnCompanies: One of the largest affordable and mixed-income housing property managers in the U.S., managing tens of thousands of units across multiple states with HUD and LIHTC specialization directly comparable to Westminster's service mix.
- The Michaels Organization: National developer and manager of affordable, market-rate, and student housing with deep Section 8 and LIHTC expertise; competes for the same third-party management mandates from affordable housing owners in the Eastern U.S.
- Pennrose: Developer and manager of affordable, mixed-income, and market-rate multifamily housing with significant East Coast footprint; directly comparable in LIHTC and HUD-assisted property management service offering.
- Conifer Realty: Affordable and mixed-income multifamily developer and manager operating across the Eastern U.S., with deep LIHTC and Section 8 portfolio management experience comparable to Westminster's core services.
- AHC Inc. Nonprofit affordable housing developer and manager primarily serving the Mid-Atlantic and Southeast, with HUD-subsidized and LIHTC portfolios that overlap directly with Westminster's regulatory niche.
- POAH (Preservation of Affordable Housing): Nonprofit acquirer and manager of affordable rental housing nationally, with Section 8 and LIHTC expertise and a comparable mission-driven operating model centered on subsidized housing stewardship.
- NHP Foundation: Nonprofit owner and manager of affordable and mixed-income multifamily housing, frequently partnering with mission-aligned property managers — a comparable operator in the same HUD/LIHTC regulatory environment.
- National Church Residences: Mission-driven provider and manager of affordable senior housing and supportive services, directly comparable to Westminster's senior housing segment and its integrated resident services approach.
Regional players
- BRIDGE Housing: Nonprofit affordable housing developer and manager primarily operating on the West Coast with similar LIHTC and Section 8 portfolio management capabilities; comparable in mission and service mix though not directly competitive geographically.
Broad incumbents
- The Related Companies: Large, diversified national real estate developer and operator with a substantial affordable housing arm; broader portfolio but directly comparable in managing large HUD and LIHTC multifamily portfolios.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Westminster Company social profiles
Digital presenceWestminster Company compliance and trust
Trust signalCompliance5 records
Westminster Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Westminster Company leadership team
Management profileNumber of profiles
Profiles10 records
Westminster Company funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Westminster Company 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 Westminster Company
What does Westminster Company do?
Westminster Company provides full-service property management for multifamily residential portfolios, with specialization in HUD/Section 8 affordable housing, low-income housing tax credit (LIHTC) properties, conventional market-rate properties, and mixed-income communities. The firm manages 63 properties of nearly 5,000 units across North Carolina, South Carolina, and Virginia, delivering on-site operations, leasing, accounting, compliance, maintenance, and resident services to property owners, and serves residents through on-site leasing offices and online search tools.
Is Westminster Company a public or private company?
Westminster Company is a private company. It is classified as corporate owned and is currently operating.
When was Westminster Company founded?
Westminster Company was founded in 1970. It employs 101 to 250 people.
Where is Westminster Company based?
Westminster Company is headquartered in Greensboro, United States, in the North America region.
How does Westminster Company make money?
Two revenue lines are on record. Property Management Fees are the primary driver. The others are HUD/Subsidized Housing Management.
Who are Westminster Company's main competitors?
Direct peers on record are WinnCompanies, The Michaels Organization, Pennrose, Conifer Realty, AHC Inc., POAH (Preservation of Affordable Housing), NHP Foundation and National Church Residences. BRIDGE Housing is listed as a regional player. The Related Companies is listed as a broad incumbent.
Does Westminster Company have an API?
No public API is recorded for Westminster Company.
What industry is Westminster Company in?
Westminster Company's product category is Affordable Housing Property Management. Its primary akta.pro industry code is BPAJAFAD, Affordable & Subsidized Housing Property Management (LIHTC, Section 8), with a secondary code of BPAJAGAD, Multifamily (Apartment) Property Management. Its NAICS code is 531311 and its SIC code is 6531.