Doran Properties Group
The Doran Group is a privately held, family-owned, fully integrated real estate developer that designs, builds, and manages luxury apartment, townhome, and active adult (55+) communities across the Twin Cities metro and select Upper Midwest markets via in-house architecture, construction, and property management.
- Company typePrivate
- Founded2021
- HeadquartersBloomington, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Doran Properties Group does
The Doran Group is a privately held, family-owned, fully integrated real estate development firm headquartered in Eden Prairie, Minnesota, founded by Kelly Doran in 2021 as a multigenerational successor to Doran Companies and now led by his son, President & CEO Evan Doran. The company develops, designs, builds, and manages luxury apartment and townhome communities across the Twin Cities metro area (Maple Grove, Edina, Hopkins, St. Anthony, Shakopee, Brooklyn Park, Minneapolis) and adjacent Upper Midwest markets including Centennial and Lakewood in Colorado and Hudson, Wisconsin. Its core platform is anchored by in-house capabilities across architecture (Doran Architecture, led by Director Emily Goenner), general contracting (led by Director of Construction Alex Duden), and property management (Doran Management, led by VP Dawn Kloeckner), enabling end-to-end control over approximately 3,000+ apartment units across communities such as Mill & Main, Aria-Edina, The Reserve at Arbor Lakes, The Triple Crown Residences at Canterbury, The Moline, The Ruby, Marketplace & Main, and Expo.
The business model combines recurring monthly rental income from owned luxury apartment communities with strategic, opportunistic property dispositions (notably the $113 million sale of 610 West in early 2025 and the $28 million sale of The Village at Arbor Lakes in April 2026) used to recycle capital into new developments. The company has pivoted in 2025-2026 into the active adult (55+) housing vertical with two differentiated sub-brands — Olinia (Twin Cities-focused, beginning with a 132-unit community in Maple Grove financed by a $46 million American National Bank construction loan) and Linden House (regional hubs, beginning with a 128-unit community in Hudson, Wisconsin financed by a $26 million Veridian Credit Union loan). Customer acquisition is direct-to-consumer through on-site leasing teams, individual property websites (MillandMain.com, AriaEdina.com, etc.), corporate inquiry forms, social media, and earned media, with no intermediary channel partners; commercial retail leasing is handled directly through Doran Management's commercial team.
The company has earned repeated regional industry recognition, including Minnesota Star Tribune 'Minnesota's Best' Apartment Community top-three finishes across 2022-2025 (Aria-Edina 1st place 2025, Mill & Main 2nd place 2025) and Twin Cities Business Magazine 'Best of Business' Gold awards in multifamily development, commercial real estate development, and property management across 2023-2025. Founder Kelly Doran, inducted into the Minnesota Shopping Center Association Hall of Fame in 2009, passed away in December 2023 after a battle with cancer; the leadership transition to Evan Doran has been executed without visible disruption, and the firm has since secured two of its largest single-project debt commitments to date. The portfolio's stated value exceeds $1 billion across more than 4 million square feet of developed real estate.
Doran Properties Group firmographics
Firmographics- Name
- Doran Properties Group
- Legal name
- The Doran Group
- Website
- https://thedorangroupus.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- The Doran Group is a privately held, family-owned, fully integrated real estate developer that designs, builds, and manages luxury apartment, townhome, and active adult (55+) communities across the Twin Cities metro and select Upper Midwest markets via in-house architecture, construction, and property management.
- Ownership category
- akta.pro rank
Doran Properties Group industry classification
Industry- Product category
- Luxury Multifamily Real Estate Development
- NAICS
- Real Estate Property Managers (53131), Residential Property Managers (531311)
- SIC
- Operators Of Apartment Buildings (6513), Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Single-Family Rental (SFR) Property Management (BPAJAFAB)
- akta.pro secondary industry
- Short-Term Rental (STR) Management for Individual Hosts (BPAJAIAB)
Keywords
Where Doran Properties Group is headquartered
LocationHeadquarters
- HQ city
- Bloomington
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Doran Properties Group business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- Residential Rental Income: The Doran Group generates recurring revenue through monthly rent payments from luxury apartment and townhome residents across their portfolio communities including Mill & Main, Aria-Edina, The Reserve at Arbor Lakes, The Triple Crown Residences at Canterbury, The Moline, The Ruby, Marketplace & Main, and Olinia-Maple Grove
- Retail Center Operations: Revenue from retail tenants at commercial properties including Greenway Lakes Commons (90,000 sq ft) and The Village at Arbor Lakes (50,000 sq ft), featuring national and local retailers
- Property Sales: Strategic portfolio optimization through property sales including 610 West sold for $113 million (2025), Lyra Apartments sold for $95 million (2022), The Village at Arbor Lakes sold for $28 million (2026), and student housing portfolio sold for $93 million (2017)
- Property Management Services: In-house property management through Doran Management providing residents with maintenance, concierge, housekeeping, and landscaping services
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Luxury apartment rentals with varying unit types from studios to three-bedroom apartments |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Doran Properties Group product offering
Product offeringCore offering
The Doran Group is a fully integrated real estate development firm that develops, designs, builds, and manages luxury apartment and townhome communities across the Twin Cities and Upper Midwest. The company operates in-house architecture, construction, and property management functions to deliver high-end residential communities with five-star services including concierge, housekeeping, and 24-hour maintenance. In 2025, the company expanded into the active adult (55+) housing sector through two sub-brands (Olinia and Linden House).
Product overview
The Doran Group is a fully integrated real estate development company that develops, designs, builds, and manages luxury apartment and townhome communities across the Twin Cities and Upper Midwest. The company operates primarily through distinct apartment community brands including The Reserve at Arbor Lakes, Mill & Main, Aria-Edina, The Moline, The Triple Crown Residences at Canterbury, The Ruby, Marketplace & Main, and Expo. In 2025, the company expanded into the active adult (55+) housing sector with two sub-brands: Olinia (beginning with Olinia-Maple Grove) and Linden House (beginning with Linden House-Hudson). The company also develops and manages retail shopping centers including Greenway Lakes Commons. All communities feature high-end amenities, on-site management, maintenance, concierge, and housekeeping services. The company historically operated in student housing and has since exited that market.
Differentiator
Problem solved
Functional benefit
Brands
- Olinia: Luxury active adult (55+) apartment brand featuring boutique, highly crafted communities for discerning 55+ customers with high-touch service and thoughtfully designed spaces.
- Linden House
Products and services
- Linden House – Hudson 128-unit active adult (55+) luxury apartment community located at 209 Annabelle Way, Hudson, Wisconsin, featuring one- and two-bedroom homes with engaging programming, designed for strong regional hubs and growing smaller cities across the Upper Midwest.
- Olinia-Maple Grove First Olinia-branded active adult (55+) luxury apartment community, a 132-unit boutique community in Maple Grove, MN featuring one- and two-bedroom homes, private outdoor balconies, and underground heated parking.
- The Reserve at Arbor Lakes Gated luxury apartment and townhome community in Maple Grove, MN featuring multiple residential buildings, a 25,000 square foot clubhouse, central pool terraces, and underground heated corridors.
- Mill & Main Luxury apartment and townhome community situated along the historic Mississippi Riverfront in Minneapolis with two buildings (East and West) offering hundreds of homes. Named Minnesota's Best Apartment Community.
- Aria-Edina High-end apartment and townhome community in Edina, MN featuring 184 units, premium residences with an expansive rooftop pool terrace and eco-friendly design. Won Minnesota's Best Apartment Community award.
- The Moline 241 apartments and townhomes with 35,000 square feet of amenity spaces located in historic downtown Hopkins. Features bike and pedestrian pathways, transit options, and proximity to Highway 169.
- The Triple Crown Residences at Canterbury First-of-its-kind gated apartment community in Shakopee, MN with 321+ apartments, massive central pool terrace, and 19,000 square foot clubhouse nestled within the Minnesota River Valley.
- The Ruby 254 apartments and 15,000 square foot clubhouse on a 10.6 acre site near Northeast Minneapolis in suburban St. Anthony.
- Marketplace & Main Luxury apartment community in Hopkins, MN offering modern living with highly appointed amenities.
- Expo 787,125-square-foot multifamily development in the historic St. Anthony Falls district of downtown Minneapolis with sweeping views of the Mississippi River and skyline. 369 luxury apartment and townhome units with more than 60,000 square feet of amenity spaces.
- Greenway Lakes Commons 90,000 square foot high-end retail center located in Southwest Minneapolis near the Greenway and Bde Maka Ska at the intersection of West Lake Street and Excelsior Boulevard. Includes local eateries, health and wellness clinics, pharmacy, dry-cleaning services, and bookstore.
- Doran Management Property Management Services In-house property management services through Doran Management providing residents with maintenance, concierge, housekeeping, and landscaping services across the luxury apartment portfolio.
Companies that use Doran Properties Group
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Doran Properties Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Doran Properties Group partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- CBRE, Inc.minorSean Doyle, AJ Prins, Charlie Hexum and Rob Wise with CBRE, Inc. represented The Doran Group as seller in the $28 million sale of The Village at Arbor Lakes to Curbline REIT.
- BDH & YoungminorInterior design support provided by BDH & Young for the Silver Lake Village project.
Scale indicators8 records
Recent moves10 records
Expansion highlights4 records
Doran Properties Group competitors and assessment
Company assessmentBroad incumbents
- Greystar Real Estate Partners: World's largest multifamily operator and developer with over $300B AUM; broader incumbent in the same property management and development category as Doran, with deep institutional relationships.
- AvalonBay Communities: Public multifamily REIT focused on Class A apartment communities in high-barrier markets; comparable luxury positioning and provides cap-rate benchmarks for Doran's disposition strategy.
- Toll Brothers Apartment Living: Luxury apartment development arm of Toll Brothers with national Class A multifamily pipeline; comparable high-end design and amenitization standards to Doran's luxury communities.
- Equity Residential: Public multifamily REIT owning high-quality urban and suburban apartment properties; sets the institutional benchmark for portfolio scale and exit valuation that Doran's build-sell model targets.
Direct peers
- The Opus Group: Minneapolis-based fully integrated real estate developer with design-build capabilities, active across multifamily, commercial, and mixed-use developments in the Upper Midwest. Closest geographic and operational peer to The Doran Group.
- NRP Group: Cleveland-based multifamily developer, owner, and operator with national reach and strong Midwest footprint; comparable business model developing Class A apartments and active adult communities.
- McKinley Inc. Ann Arbor-based multifamily owner, operator, and developer active across the Midwest; comparable scale, integrated property management, and Upper Midwest focus.
- Trammell Crow Residential: Major U.S. multifamily developer with a portfolio of Class A apartments across multiple markets; competes directly with Doran for institutional capital, tenants, and development sites.
- CA Ventures: Multifamily and student housing developer and operator; comparable integrated development platform though Doran has exited student housing to focus on luxury multifamily and active adult.
- Mill Creek Residential: National multifamily developer focused on Class A apartment communities with integrated development and construction capabilities; directly comparable build-and-operate model.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Doran Properties Group social profiles
Digital presenceDoran Properties Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Doran Properties Group leadership team
Management profileNumber of profiles
Profiles12 records
Doran Properties Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Doran Properties Group 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 Doran Properties Group
What does Doran Properties Group do?
The Doran Group is a fully integrated real estate development firm that develops, designs, builds, and manages luxury apartment and townhome communities across the Twin Cities and Upper Midwest. The company operates in-house architecture, construction, and property management functions to deliver high-end residential communities with five-star services including concierge, housekeeping, and 24-hour maintenance. In 2025, the company expanded into the active adult (55+) housing sector through two sub-brands (Olinia and Linden House).
Is Doran Properties Group a public or private company?
Doran Properties Group is a private company. It is classified as family owned and is currently operating.
When was Doran Properties Group founded?
Doran Properties Group was founded in 2021. It employs 51 to 100 people.
Where is Doran Properties Group based?
Doran Properties Group is headquartered in Bloomington, United States, in the North America region.
How does Doran Properties Group make money?
Four revenue lines are on record. Residential Rental Income is the primary driver. The others are retail Center Operations, property Sales and property Management Services.
Who are Doran Properties Group's main competitors?
Broad incumbents on record are Greystar Real Estate Partners, AvalonBay Communities, Toll Brothers Apartment Living and Equity Residential. Direct peers are The Opus Group, NRP Group, McKinley Inc., Trammell Crow Residential, CA Ventures and Mill Creek Residential.
Does Doran Properties Group have an API?
No public API is recorded for Doran Properties Group.
What industry is Doran Properties Group in?
Doran Properties Group's product category is Luxury Multifamily Real Estate Development. Its primary akta.pro industry code is BPAJAFAB, Single-Family Rental (SFR) Property Management, with a secondary code of BPAJAIAB, Short-Term Rental (STR) Management for Individual Hosts. Its NAICS code is 53131 and its SIC code is 6513.