What R&R Realty Group does

R&R Realty Group is a privately held, multi-generational, family-run commercial real estate platform founded in 1985 and headquartered in West Des Moines, Iowa, with a regional office in Omaha, Nebraska. The company operates through six integrated subsidiaries: R&R Real Estate Advisors (brokerage), Management Professionals, Inc. and Advantage Property Management (third-party property management), Development Services Corp. and ICON Construction (speculative and build-to-suit development), R&R Equity Partners (50/50 joint-venture equity co-investment), Spark Design (in-house interior design), and Realty Technology Services (low-voltage and building technology services exclusively for R&R clients). The firm also owns and operates four branded multifamily apartment communities in the Des Moines metro and has active large-scale developments including R&R Commerce Parks, Fountain Ridge Office Park, Prairie Tower Business Park, and the recently completed Arcadia Building redevelopment.

The company's revenue model is diversified across transaction-based brokerage commissions, recurring property management fees on more than 10 million square feet under management, project-based development and construction revenue (ICON Construction generated over $72 million in 2025 alone), equity returns from co-invested assets, and recurring multifamily rental income. Customer acquisition is relationship-driven through a field sales force organized by property type and geography, supported by 11 consecutive years as an Iowa Top Workplace and 24 consecutive years on the Des Moines Business Record Best of Des Moines list. Notable enterprise clients include ITA Group, Holmes Murphy, Northwestern Mutual, Fusion Medical Staffing, MidAmerican Energy, Bank Iowa, IMT Insurance, and MD West ONE.

R&R's moat rests on three decades of regional scale, vertical integration across the real estate lifecycle, and family-led continuity that has produced long-tenure client relationships (Bank Iowa for 17+ years) and a dominant share of the Class A office and industrial market in Iowa. The company's recent growth has been concentrated in the Omaha industrial market (R&R Commerce Park South, 1.3M+ sq ft pipeline) and Des Moines mixed-use development (Prairie Tower Business Park), with no external funding rounds or public listing — operating as a self-funded, traditional real estate developer.

Name

R&R Realty Group

Legal name

R&R Realty Group I, LLC

Website

https://rrrealty.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

101–250 employees

Short description

R&R Realty Group is a privately held, family-run commercial real estate platform founded in 1985 in West Des Moines, Iowa, offering brokerage, property management, development, construction, design, equity partnerships, and technology services to enterprise and mid-market tenants across Iowa and Nebraska.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (5312), Lessors of Other Real Estate Property (53119)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

akta.pro secondary industry

Flex / R&D Industrial Space Brokerage (BPAJACAC)

Keywords

• Commercial real estate
• Property management
• Real estate brokerage
• Commercial development
• Apartment communities

Headquarters

HQ city

West Des Moines

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Commercial Real Estate Brokerage: R&R Real Estate Advisors (REA) earns commissions on office, industrial, retail, and land lease and sale transactions, representing both tenants and landlords. Revenue is transaction-based, driven by lease terms and deal values across the Iowa and Nebraska portfolio.
2. Property Management: Management Professionals, Inc. (MPI) and Advantage Property Management manage millions of square feet of commercial space for R&R-owned properties and independent asset owners, generating recurring management fee revenue.
3. Development & Construction: Development Services Corp. and ICON Construction generate revenue from speculative and build-to-suit development projects, as well as tenant improvement construction. Revenue is project-based and can be substantial — Tom Rupprecht led over $1 billion in construction and development activity across his career.
4. Equity Investment Partnerships: R&R Equity Partners identifies 50/50 joint venture partners for commercial property investments, co-investing with institutional and high net worth investors. Revenue includes equity returns on co-invested assets.
5. Multifamily/Apartment Living: R&R operates apartment communities (Sierra Pointe, Winwood, Country Club Village, Residences at 62W) generating rental income from residential tenants across the Des Moines metro.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

R&R Realty Group is a full-service commercial real estate firm that owns, develops, leases, and manages Class A office, industrial, multifamily, and retail properties across Iowa and Nebraska. Operating through six integrated subsidiaries (Brokerage, Property Management, Development, Equity, Design & Construction, and Technology), the company delivers end-to-end real estate solutions from site selection and build-to-suit development through design, construction, leasing, and ongoing property management. The company also operates four branded apartment communities serving residential renters in the Des Moines metro.

Product overview

R&R Realty Group is a multi-generational, family-run commercial real estate organization operating as a platform of six interconnected divisions since 1985. The company's core offerings include: R&R Real Estate Advisors (brokerage for leasing, tenant representation, and broker relations), Management Professionals Inc. (MPI) and Advantage Property Management (property management services), Development Services Corp. (development planning and project management), R&R Equity Partners (joint venture equity partnerships), Spark Design and ICON Construction (in-house design and construction services), and Realty Technology Services (RTS - technology infrastructure services). The company also operates four branded apartment communities (Residences at 62W, Sierra Pointe, Winwood, Country Club Village) and maintains active development projects including The Waterford Building, R&R Commerce Parks, Prairie Tower Business Park, and the Arcadia Building redevelopment. The divisions work together to provide end-to-end commercial real estate services from site selection through property management.

Differentiator

Problem solved

Functional benefit

Brands

• Residences at 62W: Apartment community located at 6000 NW 62nd Avenue, Johnston, Iowa 50131
• Sierra Pointe Apartments
• Winwood Apartments
• Country Club Village Apartments
• Waterford Building
• R&R Commerce Park
• R&R Commerce Park South
• Prairie Tower Business Park
• MD West ONE Medical Office

Products and services

• R&R Real Estate Advisors (REA) — Brokerage Commercial real estate brokerage division offering tenant representation, landlord leasing, investment sales, site selection, acquisitions, subleases, own/lease analysis, and market research for office, industrial, retail, and land transactions across Iowa and Nebraska. Serves enterprise and mid-market clients through dedicated brokers.
• Management Professionals, Inc. (MPI) — Property Management Property management subsidiary managing more than 12 million square feet of R&R-owned and independent owner commercial space across Iowa and Nebraska. Services include financial management, exterior management, risk management, facilities management, 24/7 maintenance availability, and tenant relations.
• Advantage Property Management Full-service third-party property management company serving independent commercial asset owners. Services include financial management, preventative maintenance, grounds and landscaping, mechanical services, property taxes, utilities management, and janitorial services.
• Development Services Corp. Real estate development subsidiary handling development planning, design coordination, negotiation, zoning, permitting, and environmental impact studies. Manages speculative and build-to-suit development projects, including R&R Commerce Park, R&R Commerce Park South, and Prairie Tower Business Park.
• ICON Construction R&R's in-house construction company that builds office spaces, commercial developments, and tenant improvements. Generated more than $72 million in development revenue in 2025 under Tom Rupprecht's leadership, with a team of more than 50 professionals.
• Spark Design R&R's in-house interior design firm providing design services integrated with ICON Construction for streamlined office space design and build-out.
• Realty Technology Services (RTS) Technology services exclusively for R&R clients and property owners, offering low-voltage cabling (fiber, phone), card access systems, sound masking, audio/video conferencing, video surveillance, and technology consulting.
• R&R Equity Partners Identifies 50/50 joint venture partners for commercial property investments, co-investing with institutional and high net worth investors. Targets industrial/warehouse, multifamily apartments, Class A office, and single tenant office asset classes in the Des Moines and Omaha markets.
• Residences at 62W Apartment community located at 6000 NW 62nd Avenue, Johnston, Iowa 50131, marketed directly to residential renters with online leasing capabilities.
• Sierra Pointe Apartments Apartment community located at 7171 Woodland Avenue, West Des Moines, Iowa 50266. Won Best of the West Award from the West Des Moines Chamber of Commerce. Features pools, fitness facilities, and modern amenities.
• Winwood Apartments Apartment community located at 6031 Meadow Crest Drive, Johnston, Iowa 50131, featuring modern amenities and residential leasing.
• Country Club Village Apartments Apartment community located at 1200 Office Park Road, West Des Moines, Iowa 50265, offering residential leasing and community amenities.
• Equity Investment Partnerships 50/50 joint venture equity partnership offerings for institutional and high net worth investors seeking commercial real estate investments in Iowa and Nebraska. Revenue includes equity returns on co-invested assets across industrial, multifamily, office, and single tenant asset classes.

Quantifiable outcome

• Arcadia Building reached stabilized occupancy within 12 months of redevelopment
• +6 more outcomes

Named customers22 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

Feature3 records

Partnerships

Four partnerships are on record, tiered notable, core and supportive.

• Iowa Homes for HeroesnotableStrategic or Co-development Partner · 24 October 2025R&R Realty Group played a pivotal role in the launch of Iowa Homes for Heroes, a new non-profit building and donating homes for disabled veterans and first responders. R&R contributed to the completion of the organization's first donated home in Urbandale, Iowa, with a ribbon-cutting ceremony planned for November 3, 2025.
• MD West ONEcoreStrategic or Co-development Partner · 13 April 2023R&R Realty Group partnered with MD West ONE, a medical physicians group, to develop and deliver a 38,000 square foot medical office building at Fountain Ridge Office Park (192nd and Dodge in Omaha), completed in early 2023. The clinic features over 40 exam rooms and dedicated areas for x-ray, radiology, casting, and procedures.
• Sarpy County (Nebraska)supportiveOthers · 13 January 2022R&R partnered with Sarpy County to develop one hundred acres of ground at the southeastern corner of 156th Street and Schram Road as a speculative warehouse development (R&R Commerce Park South). The partnership involves zoning approvals, permitting, and county coordination for industrial development.
• CoStar GroupnotableGTM or Marketing Partner · 1 January 2018CoStar Group recognizes R&R brokers through quarterly Power Broker Awards and annual Deal of the Year/Redevelopment of the Year Impact Awards, providing industry recognition and market visibility.

Scale indicators17 records

Recent moves12 records

Expansion highlights5 records

Direct peers

• NAI Global: Global commercial real estate brokerage network with regional member offices providing tenant representation, landlord leasing, and investment sales — directly comparable to R&R Real Estate Advisors in brokerage services and client segments.
• Van Metre Companies: Privately held, family-run integrated real estate firm with development, construction, brokerage, and property management operations in the Mid-Atlantic — comparable as a multi-generational, family-owned integrated CRE platform of similar scale.
• United Properties: Minneapolis-based commercial real estate firm offering investment sales, leasing, and property management across the Upper Midwest — a comparable regional brokerage and property management peer serving enterprise office and industrial clients.
• McWhinney: Family-owned, vertically integrated real estate investment and development firm operating across the Midwest and Mountain West with development, property management, and equity investment divisions — directly comparable to R&R's integrated CRE platform.
• The Opus Group: Minneapolis-based, vertically integrated commercial real estate developer with in-house design, construction, and property management capabilities — closely mirroring R&R's six-company platform structure and Midwest operating model.

Broad incumbents

• Colliers International: Global commercial real estate services firm offering brokerage, property management, and project management across office, industrial, and multifamily — overlapping with R&R's service lines but operating at a national scale far beyond R&R's regional footprint.
• CBRE Group: World's largest commercial real estate services and investment firm, providing brokerage, property management, valuation, and advisory — competing with R&R on enterprise leasing and investment sales mandates across the Midwest.
• JLL (Jones Lang LaSalle): Global professional services firm specializing in real estate and investment management, with substantial Midwest brokerage and property management operations — competing for the same enterprise office and industrial clients as R&R.
• Cushman & Wakefield: Global commercial real estate services firm with brokerage, valuation, and property management offerings — a broad incumbent competing with R&R for enterprise tenant and landlord mandates in the Midwest.
• Newmark Group: Commercial real estate advisory and services firm with leasing, investment sales, and property management capabilities across the U.S. — a broad incumbent competing with R&R in office and industrial leasing for enterprise clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/rrrealtygroup
• LinkedInlinkedin.com/company/r-r-realty-group
• Facebookfacebook.com/rrrealtygroup
• Instagraminstagram.com/rrrealtygroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries9 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 R&R Realty Group