United Apartment Group

What United Apartment Group does

United Apartment Group (UAG) is a 100% fee-managed property management company founded in 1995 by Tim Settles in San Antonio, Texas. The company manages over 30,000 multifamily units across eight U.S. states (Louisiana, Arkansas, Texas, Mississippi, South Carolina, Tennessee, Georgia, and Florida), serving property owners, institutional investors, developers, and lenders with full-service management of conventional residential, value-add, affordable (LIHTC, HUD, Section 8, AHDP, HOME, tax-exempt bond), senior living, REO/distressed, new construction lease-up, and build-to-rent assets.

UAG operates as a third-party management partner with no asset ownership or syndication activity, generating revenue through negotiated management fee contracts with property owners. It supports these contracts with in-house departments covering HR, accounting, marketing, training, and regional maintenance, and uses industry-standard platforms including Realpage Vendor Credentialing for vendor insurance compliance and Ops Technology for procurement, electronic invoicing, and community procurement. The portfolio under management approaches $3 billion in asset value, houses more than 75,000 residents, and is supported by 600+ management professionals. The legal entity is UAG Ventures A.C, LP (also referenced as United Core Management, Inc. dba United Apartment Group), and an affiliated acquisition entity, Brixton Capital, sources off-market deals that translate into management mandates for UAG.

Distribution is enterprise field sales, with direct outreach to property owners and institutional investors through the company website, contact forms, and industry reputation rather than resellers or marketplaces. UAG has been named to the National Multifamily Housing Council (NMHC) Top 50 list for seven consecutive years (2017-2024) and has received multiple workplace awards, including Newsweek's America's Greatest Workplaces for Women 2024 and San Antonio Business Journal Best Places to Work. Revenue, ownership structure beyond founder control, and detailed financial metrics are not publicly disclosed.

Name

United Apartment Group

Legal name

UAG Ventures A.C, LP

Website

https://uaginc.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

251–500 employees

Short description

United Apartment Group is a 100% fee-managed property management company founded in 1995 that manages over 30,000 multifamily units across 8 U.S. states for property owners, institutional investors, developers, and lenders, spanning conventional, affordable, senior, distressed, and build-to-rent assets.

Ownership category

akta.pro rank

Product category

Multifamily Property Management Services

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131)

SIC

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

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industry

Multifamily (Apartment) Property Management (BPAJAGAD)

Keywords

• Multifamily property management
• Fee-managed apartments
• Affordable housing management
• Senior living management
• REO receivership services

Headquarters

HQ city

San Antonio

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fee-based Property Management: UAG operates as a 100% fee-managed company, meaning it does not own properties but earns management fees from property owners and investors. Revenue is generated through contractual fee arrangements with clients for managing conventional, affordable, senior, and new-construction multifamily communities. The company does not engage in asset ownership or syndication, strictly positioning itself as a third-party management partner.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

United Apartment Group operates as a 100% fee-managed third-party property management company, providing full-service management of multifamily residential communities across conventional, affordable, senior, REO, new construction, and build-to-rent asset types. The company does not own properties or engage in syndications, instead earning management fees for delivering on-site operations, leasing, marketing, collections, maintenance, accounting, compliance, capital improvements, and long-range financial planning to property owners and institutional investors across 8 states.

Product overview

United Apartment Group operates as a fee-managed property management company offering a comprehensive suite of services across multiple property types. The company's core offerings include management of conventional residential properties, value-added communities, affordable living communities (tax credit, HUD, Section 8), senior communities, REO properties, new construction lease-ups, and build-to-rent single-family homes. Supporting these core property management services are integrated modules including operations, accounting, marketing, human resources, training, regional maintenance, market research, underwriting, development consulting, and compliance services. The company manages properties across 8 states with over 75,000 units and positions itself as a comprehensive property management platform rather than a single-product offering.

Differentiator

Problem solved

Functional benefit

Brands

• UAG Cares: Community engagement program launched in 2021 focused on social responsibility initiatives including environmental cleanup, food insecurity programs, and homeless outreach.

Products and services

• Conventional Residential Property Management Full-service property management for traditional market-rate multifamily residential communities, focused on maximizing financial performance, occupancy rates, and resident satisfaction through on-site management, marketing, leasing, collections, maintenance, and financial reporting.
• Value-Add Communities Management Management services for value-add multifamily investment opportunities including identifying below-market rents, executing lease-up opportunities, and repositioning or rehabilitating underperforming properties.
• Affordable Housing Communities Management Specialized management for tax credit, tax-exempt bond, AHDP, HOME, HUD, and Section 8 properties with regulatory compliance expertise and integrated social service programs including after-school activities, financial planning consultation, and adult education.
• Senior Living Communities Management Property management services for senior living communities emphasizing comfort, independence, physical well-being, and social interaction for residents ranging from independent living to assisted living environments.
• REO Receivership and Distressed Asset Management Comprehensive services for lending institutions managing distressed or foreclosed multifamily properties, including marketing, reconstruction, leasing, liquidation, and development of REO assets to address safety issues, code violations, and non-performing loan scenarios.
• New Construction Lease-Up Management End-to-end management for new construction multifamily properties from groundbreaking through stabilization, including specialized cutting-edge marketing, training programs, and expertise to position new developments for optimal performance from day one.
• Build-to-Rent Management Leasing and management services for build-to-rent single-family home communities, providing specialized expertise for this growing niche of the real estate market.

Quantifiable outcome

• Portfolio value approaching $3 billion AUM, representing more than 25x growth in managed units since 1995.
• +4 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor and core.

• Brixton CapitalminorOthers · 29 May 2026Brixton Capital acquired Allura Las Colinas, a 288-unit apartment community in Irving, Texas, in an off-market transaction. Property management for this asset is handled by UAG as an affiliate of Brixton Capital. This represents a client relationship where UAG provides property management services to Brixton Capital's newly acquired asset.
• Realpage Vendor CredentialingcoreTechnology or IntegrationUAG has partnered with Realpage Vendor Credentialing to manage the process of ensuring vendors meet insurance and other business requirements. The platform allows any UAG managed community or other Property Management Company working with Realpage Vendor Credentialing to see vendor listings, increasing vendor visibility and potential new business. Realpage Vendor Credentialing works directly with vendor insurance agents and stores all documents in a centralized location.
• Ops TechnologycoreTechnology or IntegrationUAG vendors are required to join the Ops Technology vendor community, which opens businesses to online orders from UAG communities, electronic invoice submission, and visibility into invoice payment status. The platform enables vendors to save money through online invoicing, pull orders and reports at the click of a button, and gain full visibility into invoice payment details, streamlining billing and operational efficiency for UAG-managed communities.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Asset Living: Asset Living is one of the largest third-party multifamily property managers in the U.S., managing over 300,000 units. It is a direct competitor to UAG for fee-managed conventional, affordable, and student housing mandates, particularly in the Sun Belt.
• RPM Living: RPM Living is a fast-growing third-party multifamily manager based in Texas with a similar geographic focus (Texas, Sun Belt). It directly competes with UAG for regional management contracts and has rapidly scaled via acquisitions and organic growth.
• WinnCompanies: WinnCompanies is a national multifamily property manager with deep affordable housing expertise (LIHTC, HUD, Section 8). It competes with UAG on affordable housing mandates and offers a similar diversified property-type platform including market-rate and military housing.
• Bozzuto Group: Bozzuto is a privately-held multifamily property manager with approximately 80,000+ units under management. It is a comparable mid-sized fee manager competing for institutional and luxury multifamily mandates.
• RangeWater Real Estate: RangeWater is a Sun Belt-focused multifamily manager and developer managing over 90,000 units. It is a direct competitor to UAG in the same Southern states, with strong overlap in build-to-rent and conventional product.
• Hawthorne Residential Partners: Hawthorne Residential Partners is a third-party multifamily manager with a similar mid-sized scale (~40,000 units). It competes with UAG for fee-managed conventional and value-add multifamily mandates across the Southeast and Mid-Atlantic.

Broad incumbents

• Greystar Real Estate Partners: Greystar is the largest multifamily property manager in the world, managing over 800,000 units globally. It directly competes with UAG for institutional multifamily management contracts, but operates at vastly greater scale and offers broader investment and development capabilities.
• Lincoln Property Company: Lincoln Property Company is a large national multifamily manager and developer managing over 200,000 units. It competes with UAG for third-party management contracts and has similar diversified capabilities across conventional and affordable housing.
• Cushman & Wakefield (Multifamily): Cushman & Wakefield is a global commercial real estate services firm with a multifamily management division. While broader than UAG, it competes directly for institutional third-party management mandates and offers integrated investment sales and advisory services.

Emerging players

• Dominium: Dominium is one of the largest affordable housing managers in the U.S. with over 40,000 units. It directly competes with UAG's affordable housing segment and shares expertise in LIHTC, HUD, and tax-exempt bond programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/UAG_inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

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 United Apartment Group