RHM Real Estate

What RHM Real Estate does

RHM Real Estate Group is a vertically integrated real estate firm headquartered in Lyndhurst, Ohio that manages, develops, invests in, and operates multifamily and commercial real estate across the Midwest and Southeastern United States. The company reports 100+ properties and 10,000+ units under current operation in 9 states, alongside historical ownership or operation of 150 properties, 20,000 units, and $1.5 billion+ in gross asset value spanning 13 states. Its core products span Property Management (covering Affordable Housing & Tax Credit, Market Rate, Commercial, and General Services sub-divisions), Development Services, Noble General Contractors (an affiliated construction subsidiary), and Legacy RHM Capital (its investment arm). Selected client outcomes include a 43% rental premium increase at 6900 Lofts in Parma, Ohio following a 15-month, $1.4 million repositioning, and 12.5% total income growth at Surfside Towers & Gardens (a 247-unit 55+ community) over 2023-2025 with approximately 75% resident retention.

The business generates revenue through negotiated property management fees on a per-property or per-unit basis, project-specific development fees, construction revenue through Noble General Contractors for renovations, capital improvements and maintenance, and investment returns from directly owned assets via the affiliated Legacy RHM Capital platform. GTM is consultative enterprise field sales built on relationships, referrals, and case-study showcasing (Surfside Towers, 6900 Lofts) directed at property owners, investors, and developers; pricing is custom and not publicly disclosed, with multi-year contracts. Operations are supported by internal real-time analytics, benchmarking, automated financial controls, daily performance tracking, CRM, and property management software integrated across the portfolio, enabling data-driven oversight, KPI tracking, and rapid operational response.

The firm is led by Founder & CEO John Joyce with a management team that includes a CFO, COO, VP of Acquisitions & Development, and dedicated Directors of Operations for both Conventional and Affordable housing, a Compliance Director, and a Director of Construction Services at Noble General Contractors. Established in 2010 as a third-party management firm and expanded through acquisitions, development, and the build-out of Noble General Contractors and Legacy RHM Capital, the company is positioned as an operator that brings owner-level discipline to third-party management for institutional and individual property owners across conventional, affordable, and commercial asset classes.

Name

RHM Real Estate

Legal name

RHM Real Estate Group

Website

https://rhmrealestategroup.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

RHM Real Estate Group is a vertically integrated real estate firm that manages, develops, invests in, and operates multifamily and commercial properties across the Midwest and Southeastern United States. The Ohio-based company serves property owners, investors, and developers across 9 states through property management, development, construction, and capital investment service lines.

Ownership category

akta.pro rank

Product category

Multifamily Property Management & Real Estate Services

NAICS

Real Estate Property Managers (53131), Nonresidential Property Managers (531312), Lessors of Real Estate (5311), Other Activities Related to Real Estate (531390)

SIC

Real Estate Agents & Managers (For Others) (6531), Operative Builders (1531), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Office Real Estate Asset Management (BPAJAMAG)

akta.pro secondary industries

Healthcare & Senior Housing Real Estate Asset Management (BPAJAMAH), Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

Keywords

• Multifamily property management
• Real estate development
• Affordable housing management
• Commercial property management
• Real estate investment

Headquarters

HQ city

Beachwood

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management Fees: Third-party property management services for multifamily and commercial assets, charging management fees for overseeing operations, leasing, maintenance, and financial reporting.
2. Development Services: End-to-end development services including site selection, feasibility analysis, entitlement navigation, design-build oversight, and capital sourcing for multifamily and mixed-use projects.
3. General Contracting Services (Noble General Contractors): Full-scope construction services including heavy renovations, capital improvements, repositioning projects, and maintenance delivered through affiliated Noble General Contractors entity.
4. Investment Returns (Owned Portfolio): Returns generated from direct ownership of multifamily and commercial properties across their 10,000+ unit portfolio, including rental income and asset appreciation.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

RHM Real Estate is a vertically integrated real estate platform that provides third-party property management, end-to-end development services, in-house general contracting (through affiliated Noble General Contractors), and real estate investment offerings (through Legacy RHM Capital). The firm manages multifamily, affordable housing, market-rate, and commercial assets for property owners and investors across the United States, currently overseeing 10,000+ units across 9 states.

Product overview

RHM Real Estate operates as a vertically integrated real estate platform offering four core service lines: Property Management (encompassing Affordable Housing & Tax Credit, Market Rate, Commercial, and General Services sub-divisions), Development Services, Noble General Contractors (affiliated construction subsidiary), and Legacy RHM Capital (investment arm). The platform integrates these capabilities to provide end-to-end coverage of the property lifecycle—from acquisition and development through management, renovation, and capital optimization. Notable project showcases include 6900 Lofts and Surfside Towers, which demonstrate the firm's asset repositioning expertise.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Full-service property management for multifamily and commercial assets, covering conventional, affordable housing, and market-rate properties with a focus on maximizing NOI. For property owners and investors.
• Affordable Housing & Tax Credit Property Management Specialized management for affordable housing communities operating under Section 8, LIHTC, Rural Development, and Housing Choice Voucher programs, ensuring regulatory compliance. For owners of affordable housing properties.
• Market Rate Property Management
• Commercial Property Management
• General Services (Property Management Support)
• Noble General Contractors
• Development Services
• Legacy RHM Capital

Quantifiable outcome

• 12.5% total income growth (2023-2025) at Surfside Towers
• +3 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature3 records

Partnerships

One partnership is on record.

• Noble General ContractorscoreStrategic or Co-development PartnerNoble General Contractors is an affiliated provider of full-scope construction services integrated into the RHM platform. As an affiliated entity, Noble delivers construction from heavy renovations and capital improvements to routine maintenance and repositioning projects. This partnership provides operational speed, strategic vendor sourcing, and expert coordination—aligning seamlessly with RHM's investment, development, and management teams for faster timelines and tighter controls.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Greystar Real Estate Partners: Largest U.S. multifamily property manager and developer with several hundred thousand units under management. Comparable to RHM as a vertically integrated multifamily platform, but operating at materially greater scale and national footprint.
• Asset Living: Major U.S. multifamily property manager with significant affordable housing and conventional portfolios. Directly comparable service lines (property management, affordable housing compliance, renovations) and a primary competitor for third-party mandates.
• Lincoln Property Company: Large national multifamily manager and developer offering third-party services, in-house construction, and investment. Overlaps with RHM across all four service lines at meaningfully greater scale.

Direct peers

• FPI Management: Mid-to-large multifamily property manager serving conventional and affordable housing across multiple states. Closely comparable in service mix and target client profile to RHM's property management division.
• RPM Living: Multifamily property management firm with conventional, affordable, and mixed-use exposure and in-house ancillary services. Comparable to RHM in operating model and customer segments.
• Wallick Communities: Ohio-based multifamily and affordable housing owner, developer, and manager. Strong regional overlap with RHM's Midwest footprint and similar vertically integrated model including construction capabilities.
• Bozzuto Group: Multifamily property manager, developer, and construction firm with national reach. Comparable vertically integrated structure spanning management, development, and construction.
• The NRP Group: Multifamily developer, owner, and property manager with strong affordable housing capability. Closely matches RHM's vertically integrated development-and-management model.
• Pinnacle Property Management: Multifamily property manager with conventional and affordable housing portfolios across multiple U.S. markets. Comparable in service mix and target customer base to RHM.

Regional players

• Millennia Housing Management: Ohio-based affordable housing manager with a large LIHTC and HUD-assisted portfolio. Directly comparable in affordable housing compliance expertise and Midwest concentration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 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 RHM Real Estate