ROEM
ROEM Development Corporation is a Santa Clara, California-based, family-owned real estate developer founded in 1988 that delivers affordable and market-rate multifamily housing through a vertically integrated platform spanning development, general contracting, and property management, primarily serving California municipalities, transit agencies, low-to-moderate-income families, and seniors.
- Company typePrivate
- Founded1988
- HeadquartersSanta Clara, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What ROEM does
ROEM Development Corporation is a Santa Clara, California-based, family-owned real estate developer founded in 1988 that operates as a vertically integrated platform across two entities: ROEM Development Corporation (development) and ROEM Builders Incorporated (general contracting). The company specializes in affordable and market-rate multifamily housing throughout California, with a portfolio of 39 distinct apartment communities and 3,038+ affordable housing units completed since 2000. Its underlying technical differentiator is sustainable building: 17 LEED-certified projects to date—7 Platinum, 8 Gold, 2 Silver (pending), plus 3 Build it Green certifications—anchored on integrated design, water and energy efficiency, materials selection, and indoor air quality standards. ROEM also operates its own property management function (supplemented by FPI Management for select assets) and embeds standardized resident services such as free libraries of 2,000+ books, after-school homework centers, computer centers, health seminars, and adult-education programming.
ROEM's business model blends development fees, internal general-contracting revenue on both ROEM-owned and third-party projects, and ongoing property management income on owned and managed communities. Affordable housing developments are financed through 9% Low-Income Housing Tax Credits, solar tax credits, and public-private partnership structures with cities, counties, housing authorities, housing trust funds, and financial institutions such as Citi Community Capital and AEGON Group. Pricing on affordable units is tied to Area Median Income thresholds (e.g., units affordable to families earning up to 60% of county AMI), while mixed-income developments include market-rate units. Customer segments span low-to-moderate-income families and seniors, market-rate housing seekers, transit-oriented housing seekers, and public agencies (municipalities, transit authorities, housing authorities) seeking TOD and urban redevelopment partners.
The go-to-market is predominantly sales-led, executed through public-private partnership RFPs and direct developer relationships for transit-oriented and affordable mandates in major California markets. The company pursues master-planned mixed-use and infill multifamily development, with a recent strategic tilt toward transit-oriented mixed-income developments, including a 400-unit TOD with Sonoma-Marin Area Rail Transit at Railroad Square in Santa Rosa and active competition for the Tamien Station site with the Santa Clara Valley Transportation Authority.
ROEM firmographics
Firmographics- Name
- ROEM
- Legal name
- ROEM Development Corporation
- Website
- https://roemcorp.com
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- ROEM Development Corporation is a Santa Clara, California-based, family-owned real estate developer founded in 1988 that delivers affordable and market-rate multifamily housing through a vertically integrated platform spanning development, general contracting, and property management, primarily serving California municipalities, transit agencies, low-to-moderate-income families, and seniors.
- Ownership category
- akta.pro rank
ROEM industry classification
Industry- Product category
- Real Estate Development
- NAICS
- Residential Property Managers (531311), Real Estate Property Managers (53131), New Housing For-Sale Builders (236117)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Affordable Housing Property Management (BPAJAGAJ)
- akta.pro secondary industries
- Residential Real Estate Asset Management (BPAJAMAA), Mixed-Use Property Management (BPAJAGAE), Single-Family Rental (SFR) Property Management (BPAJAFAB)
Keywords
Where ROEM is headquartered
LocationHeadquarters
- HQ city
- Santa Clara
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
ROEM business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales
Revenue model
- Development Services: ROEM Development Corporation provides full-range development services from acquisition through asset management, specializing in infill multifamily market-rate housing, affordable family and senior housing, master-planned mixed-use, and mixed-income developments.
- General Contracting: ROEM Builders, Inc. provides construction services for multifamily housing for ROEM developments as well as third-party owners and developers throughout California. Founded, licensed and bonded in 1988.
- Property Management: ROEM provides property management services for their owned and managed apartment communities. Some properties are managed through FPI Management as a third-party property management partner.
- Low-Income Housing Tax Credits (LIHTC): ROEM developments are financed using 9% low-income housing tax credits, solar tax credits, and various public-private partnership financing structures with local governments and financial institutions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Affordable housing pricing tied to Area Median Income |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
ROEM product offering
Product offeringCore offering
ROEM is a vertically integrated real estate development company that provides acquisition, development, construction, asset management, and property management services for affordable and market-rate multifamily housing throughout California. Through ROEM Development Corporation (development) and ROEM Builders Incorporated (construction, licensed since 1988), the company handles the full lifecycle of housing projects, including LEED-certified sustainable buildings, and also offers third-party general contracting and preconstruction services to other developers and public agencies.
Product overview
ROEM Development Corporation operates as a vertically integrated real estate development company with two core subsidiaries: ROEM Development Corporation (development) and ROEM Builders Incorporated (construction). With over 35 years of experience, the company specializes in developing, constructing, and managing affordable and market-rate multifamily housing throughout California. Their integrated service model covers the full lifecycle from acquisition and development through construction and asset management. The company also provides general contracting services for third-party developers. Their portfolio includes 39 distinct apartment communities spanning affordable family housing, senior housing, and market-rate properties, with a focus on sustainable, transit-oriented developments. Resident services including homework centers, computer labs, and educational programs are provided free of charge to residents.
Differentiator
Problem solved
Functional benefit
Products and services
- Affordable Housing Development Development of affordable family and senior housing communities, creating mixed-income and mixed-density developments with LEED-certified sustainable features for low- and moderate-income families and seniors throughout California.
- Market-Rate Housing Development Infill multifamily market-rate housing development within hubs of opportunity, employment, and transportation to cultivate future-forward communities in California's major metropolitan areas.
- Master-Planned Mixed-Use Development Comprehensive mixed-use, mixed-income, and mixed-density developments that combine residential units, retail spaces, and community amenities such as pools, fitness centers, and courtyards.
- General Contracting Services Third-party multifamily construction and preconstruction services throughout California, leveraging relationships with qualified subcontractors, inspectors, and consultants; ROEM Builders, Inc. has been licensed and bonded since 1988.
- Property Management Services Full-service property management through ROEM's vertically integrated operations, including on-site management and maintenance professionals for owned and managed apartment communities; some properties are managed through a third-party partnership with FPI Management.
- Apartment Communities Portfolio Portfolio of 39 distinct apartment communities across California, including affordable family housing, senior housing, luxury apartments, and mixed-income developments such as Oak Grove Apartments, South Hills Crossing, Lexington Luxury Apartments, Corde Terra Senior, and others.
Quantifiable outcome
- 3,038 affordable housing units completed since 2000
- +3 more outcomes
Companies that use ROEM
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles2 records
ROEM technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
ROEM partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, minor and major.
- City of San Luis ObispocorePublic-private partnership for South Hills Crossing development, providing financing support and commitment to affordable housing. The city provided financial support as part of the $14.1 million development financing.
- County of San Luis ObispocoreBoard of Supervisors commitment to affordable housing led to development financing for South Hills Crossing project.
- Housing Authority of San Luis ObispocorePartner in public-private collaborative for South Hills Crossing affordable housing development.
- KTGY Architecture + PlanningcoreInternational award-winning architecture firm that designed South Hills Crossing. ROEM works with KTGY for design services on multiple projects.
- FPI ManagementminorThird-party property management company that manages some ROEM properties, providing scalable management efficiency alongside ROEM Property Management team.
- Sonoma-Marin Area Rail Transit (SMART)coreSelected by SMART to develop the 4.5-acre Railroad Square in Santa Rosa with 400 units of housing and 10,000 square feet of retail.
- Santa Clara Valley Transportation AuthoritymajorROEM is competing to develop the Tamien Station - a residential mixed-use, mixed-income TOD including a large public parking structure on 6.96 acres in San Jose.
- 40+ Local Non-Profit GroupsminorROEM has partnered with approximately 40 local non-profit organizations including Survivor Services, Health Services, Homeless Assistance, Veterans charities, and Youth/Family/Senior Services organizations.
Scale indicators5 records
Recent moves5 records
Expansion highlights5 records
ROEM competitors and assessment
Company assessmentDirect peers
- BRIDGE Housing: Bay Area-based nonprofit affordable-housing developer and manager operating across California with LIHTC-financed, transit-oriented mixed-income communities, directly comparable to ROEM's development and management model.
- MidPen Housing: Northern California affordable-housing developer, builder, and property manager that also provides resident services, closely mirroring ROEM's vertically integrated, service-rich approach.
- Eden Housing: California developer, builder, and manager of affordable multifamily and senior housing using tax-credit financing, directly overlapping with ROEM's core segments and geography.
- EAH Housing: California-focused affordable housing developer and property manager of family and senior communities, a direct competitor for LIHTC and public-private partnership projects.
- The Pacific Companies: California-based vertically integrated affordable-housing developer, architect, and builder using LIHTC financing, structurally similar to ROEM's development-plus-construction platform.
- Mercy Housing California: Affordable-housing developer and manager of family and senior communities with resident services across California, comparable to ROEM's mission-driven, subsidy-financed model.
- The John Stewart Company: California affordable-housing developer and property management firm serving mixed-income and transit-oriented communities, overlapping with ROEM's development and management services.
- USA Properties Fund: California developer and manager of affordable and market-rate multifamily and senior apartment communities, directly comparable in product and geography.
Broad incumbents
- Related California: Large California developer of affordable, mixed-income, and market-rate multifamily housing; overlaps with ROEM but operates at far greater scale with a broader luxury/market-rate portfolio.
Others
- FPI Management: Third-party property management company that manages some ROEM communities; an ecosystem partner and management-services provider rather than a development competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
ROEM social profiles
Digital presenceROEM compliance and trust
Trust signalCompliance6 records
ROEM financial estimates
Financial estimateRevenue estimate
Valuation estimate
ROEM leadership team
Management profileNumber of profiles
ROEM subsidiaries and ownership
Company hierarchySubsidiaries1 record
ROEM funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ROEM 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 ROEM
What does ROEM do?
ROEM is a vertically integrated real estate development company that provides acquisition, development, construction, asset management, and property management services for affordable and market-rate multifamily housing throughout California. Through ROEM Development Corporation (development) and ROEM Builders Incorporated (construction, licensed since 1988), the company handles the full lifecycle of housing projects, including LEED-certified sustainable buildings, and also offers third-party general contracting and preconstruction services to other developers and public agencies.
Is ROEM a public or private company?
ROEM is a private company. It is classified as family owned and is currently operating.
When was ROEM founded?
ROEM was founded in 1988. It employs 101 to 250 people.
Where is ROEM based?
ROEM is headquartered in Santa Clara, United States, in the North America region.
How does ROEM make money?
Four revenue lines are on record. Development Services are the primary driver. The others are general Contracting, property Management and low-Income Housing Tax Credits (LIHTC).
Who are ROEM's main competitors?
Direct peers on record are BRIDGE Housing, MidPen Housing, Eden Housing, EAH Housing, The Pacific Companies, Mercy Housing California, The John Stewart Company and USA Properties Fund. Related California is listed as a broad incumbent. FPI Management is listed as an others.
Does ROEM have an API?
No public API is recorded for ROEM.
What industry is ROEM in?
ROEM's product category is Real Estate Development. Its primary akta.pro industry code is BPAJAGAJ, Affordable Housing Property Management, with a secondary code of BPAJAMAA, Residential Real Estate Asset Management. Its NAICS code is 531311 and its SIC code is 6552.