What Ludwig does

Ludwig and Company (DBA Ludwig Co) is a privately held, family-owned full-service property management firm headquartered in Gurnee, Illinois, that manages approximately 8,000 rental units across more than 70 apartment communities in seven Midwest states: Illinois, Wisconsin, Indiana, Minnesota, Iowa, Ohio, and Pennsylvania. The firm's portfolio is concentrated in affordable housing, including Low-Income Housing Tax Credit (LIHTC) properties, Section 8 and other government subsidized residences, and is complemented by market-rate, luxury, independent senior living, and special needs communities.

The company's core offering is a bundled property management service delivered through a hybrid corporate-plus-onsite operating model. Functional scope spans tenant acquisition, application processing, rent collection, maintenance, financial reporting, capital improvement oversight, REAC inspection preparation, and LIHTC/Section 8 compliance and documentation. The firm maintains a working relationship with the Illinois Housing and Development Authority (IHDA) to assist owners with tax credit applications and approvals. There is no proprietary technology platform disclosed; delivery is human-capital intensive, supported by approximately 100-250 employees including a dedicated compliance function and regional maintenance/REAC specialists.

Ludwig's revenue model is a fee-based managed services business, with pricing dependent on property type, unit count, and service scope. Customers are property owners, real estate investors, and developers of multi-family residential assets, and the firm reports that it manages multiple properties for the majority of its clients, with multi-decade client relationships. Distribution is relationship-driven direct sales, with lead capture through the company website's contact form. There are no disclosed acquisitions, funding rounds, or external institutional investors in the available data, consistent with a family-owned operating business.

Name

Ludwig

Legal name

Ludwig and Company

Website

https://ludwigco.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Multi-Family Property Management

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

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

Keywords

• Multi-family property management
• Affordable housing management
• Tax credit property management
• Government subsidized housing
• Rental apartment management

Headquarters

HQ city

Gurnee

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D

Revenue model

1. Property Management Services: Full-service property management fees charged to property owners and investors for managing their rental apartment communities. Services include tenant management, maintenance, financial reporting, compliance management, and regulatory reporting.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Ludwig and Company is a full-service property management firm that manages approximately 8,000 units within 70 rental apartment communities across seven Midwest states (Illinois, Wisconsin, Indiana, Minnesota, Iowa, Ohio, and Pennsylvania). Its services span tenant screening and placement, rent collection, property maintenance, financial reporting, regulatory compliance, REAC inspection preparation, tax credit application assistance, and capital improvement oversight for affordable housing (LIHTC, Section 8), market-rate, luxury, senior living, and special needs communities. The firm partners with state housing authorities such as the Illinois Housing and Development Authority (IHDA) to secure financing for new affordable developments.

Product overview

Ludwig and Company is a full-service property management company offering comprehensive management of rental apartment communities. Their portfolio encompasses multiple property types including affordable tax credit properties, government subsidized multi-family residences (Section 8), market rate properties, luxury properties, independent senior living communities, and special needs housing. The company manages approximately 8,000 units across 70 apartment communities spanning Illinois, Wisconsin, Indiana, Minnesota, Iowa, Ohio, and Pennsylvania. Services include tenant acquisition support, application processing, move-in coordination, ongoing resident services, property maintenance, compliance management for tax credit and government subsidized properties, and financial reporting. The company operates with a hands-on approach utilizing both corporate and on-site professionals to optimize property performance and enhance asset value for clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Full-Service Property Management for Rental Apartment Communities Comprehensive property management of multi-family rental apartment communities covering tenant screening and placement, rent collection, ongoing resident services, property maintenance, financial reporting, regulatory compliance, and capital improvement oversight. Provided to property owners, investors, and developers across 7 Midwest states.
• Affordable Housing & Tax Credit Compliance Management Specialized compliance management for affordable tax credit (LIHTC), Section 8, and government subsidized multi-family properties, including documentation, government reporting, tax credit preservation, REAC inspection preparation, and direct liaison with state housing authorities such as IHDA.
• Tax Credit Application Assistance (IHDA) Assistance to property owners with Low-Income Housing Tax Credit (LIHTC) applications and documentation, including submission to the Illinois Housing and Development Authority (IHDA) and working through the approval process to secure financing for new affordable housing developments.

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Illinois Housing and Development Authority (IHDA)coreStrategic or Co-development PartnerLudwig and Company works closely with IHDA to assist property owners with tax credit applications and documentation. They submit applications on behalf of clients and work through the approval process with the housing authority to secure financing and break ground on new affordable housing developments.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Market position

Weaknesses5 records

Competitive moat4 records

Key risks1 record

Key highlights1 record

Customer concentration

• LinkedInlinkedin.com/company/ludwig-and-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Ludwig