What Alexander Properties Group does

Alexander Properties Group (APG), operating under the brand Athos Properties Group, is a full-service residential property management firm headquartered in Atlanta, Georgia. The company manages 13 named apartment and townhome communities across Georgia, Alabama, Florida, and Mississippi, including assets such as 210 Club (Augusta, GA), Amelia Apartments and Amelia West Townhomes (Valdosta, GA), Cielo at Baldwin (Baldwin, GA), Cimarron Ridge (Mobile, AL), Coastal Breeze Villas (Gulfport, MS), and Eastwood Oaks (Hilliard, FL). Its service portfolio spans property management, property/entity accounting, market analysis and feasibility studies, construction supervision and contracting, acquisition studies, and coordination of asset sales and acquisitions, positioned for real estate owners seeking a "results oriented" leasing and management partner in the southeast.

The firm's go-to-market is primarily direct-to-owner with a digital-first resident experience: prospective residents use the company website to search by city/state/ZIP, view virtual tours, and apply online, while current residents access a dedicated resident portal (apgxpm.residentportal.com) for maintenance requests and account services. The underlying property management stack is built on the Entrata platform, as indicated by Entrata-hosted media library assets. APG's stated customer segments are real estate owners (business-to-business) seeking professional asset management and residents/tenants (persona) seeking quality rental housing. Pricing is not publicly disclosed and quotes are obtained directly.

In February 2026, APG was acquired by Proper (ProperXPM), a Chicago-based national property management platform backed by private equity firm TriSpan. APG became one of six operating companies under Proper's 'Flexible Autonomy' model, which preserves acquired operators' leadership, local branding, and operational independence while providing shared back-office services and group purchasing power. As part of the combined Proper portfolio of nearly 20,000 units across 15 states, APG operates as a southeast regional pillar within an actively consolidating national platform. No founding year was explicitly confirmed in the inputs (firmographics state 1991, but other materials note the date was not disclosed).

Name

Alexander Properties Group

Legal name

Alexander Properties Group

Website

https://apg-inc.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1–10 employees

Short description

Alexander Properties Group (Athos Properties Group) is a southeast US full-service residential property management firm serving real estate owners across Georgia, Alabama, Florida, and Mississippi, and was acquired by Proper (TriSpan-backed) in February 2026 as one of six operating companies.

Ownership category

akta.pro rank

Product category

Property Management Services

NAICS

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

SIC

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

akta.pro primary industry

Residential Real Estate Asset Management (BPAJAMAA)

Keywords

• Property management
• Residential real estate
• Asset management
• Leasing services
• Real estate accounting

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management Services: Full-service real estate management firm providing property management, property/entity accounting, market analysis/feasibility studies, construction supervision and contracting, acquisition studies, and coordination of asset sales/acquisitions to real estate owners.

Distribution channels1 record

Marketing channels1 record

Core offering

Alexander Properties Group (APG), also operating as Athos Properties Group, is a full-service real estate management firm providing property management, property/entity accounting, market analysis and feasibility studies, construction supervision and contracting, acquisitions studies, and coordination of asset sales/acquisitions. The company manages a portfolio of residential apartment properties across Georgia, Alabama, Florida, and Mississippi, serving both real estate owners and residents with a results-oriented leasing and management approach.

Product overview

Alexander Properties Group (APG), also operating as Athos Properties Group, is a full-service real estate property management firm offering services across the southeast United States. The company provides a suite of services including property management, property/entity accounting, market analysis/feasibility studies, construction supervision and contracting, and coordination of asset sales/acquisitions. APG operates a portfolio of 13 named residential properties across Georgia, Alabama, Florida, and Mississippi. In February 2026, APG was acquired by Proper, a Chicago-based national acquisitions and property management platform backed by private equity firm TriSpan, as part of a consolidation strategy operating under a 'Flexible Autonomy' model that allows acquired firms to retain their leadership and local branding while accessing shared back-office services.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Full-service property management for residential real estate assets, including leasing, operations, and tenant relations across the southeast United States.
• Property/Entity Accounting Financial and accounting services for property entities, including bookkeeping, reporting, and financial management for real estate owners.
• Market Analysis/Feasibility Studies Market research and feasibility analysis services to evaluate property performance, market conditions, and investment viability for real estate owners.
• Construction Supervision and Contracting Oversight and management of construction projects for real estate assets, including contracting support.
• Acquisitions Studies Evaluation and analysis services for prospective real estate acquisitions, supporting investment decisions for property owners and investors.
• Coordination and Support of Asset Sales/Acquisition Support services for property sales and acquisition transactions, including coordination, due diligence, and transaction management.

Named customers1 record

Segments2 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.

• Proper (ProperXPM)coreStrategic or Co-development Partner · 27 February 2026Alexander Properties Group was acquired by Proper, a Chicago-based national acquisitions and property management platform backed by private equity firm TriSpan. The acquisition brings APG under Proper's 'Flexible Autonomy' model, allowing the firm to retain its leadership and local branding while accessing shared back-office services and purchasing power.

Scale indicators2 records

Recent moves3 records

Expansion highlights4 records

Broad incumbents

• Proper (ProperXPM): The Chicago-based PE-backed platform that acquired APG, consolidating multiple regional residential property managers under a 'Flexible Autonomy' model. Directly comparable as APG's parent and a roll-up of similar third-party residential managers.
• Greystar Real Estate Partners: The largest third-party multifamily property manager and operator in the US, managing hundreds of thousands of units nationwide. Comparable as a full-service residential property management competitor with far greater scale than APG.
• Lincoln Property Company: National multifamily management, development and investment firm with a large third-party management portfolio. Directly comparable as a full-service residential property manager serving institutional and private owners across the US.
• Cushman & Wakefield (Multifamily Management): Global real estate services firm with a US multifamily management arm serving institutional owners. Comparable as a full-service management competitor, though it operates across many property types beyond multifamily.

Direct peers

• Asset Living: Houston-based national third-party multifamily property manager with a similar full-service model (management, accounting, construction support) to APG, and a comparable client base of institutional and private owners.
• FPI Management: Regional third-party residential property manager with a footprint overlapping parts of the Sun Belt, offering the same bundled property management and accounting services as APG.
• RPM Living: National third-party multifamily management firm built partly through acquisitions of regional managers, with a service mix (management, accounting, due diligence, construction) that closely mirrors APG's offering.
• BH Management Services: Large national third-party residential property manager serving owners of garden-style and mid-rise multifamily communities. Comparable in business model, target clients, and service breadth to APG.
• RangeWater Real Estate: Sun Belt-focused multifamily owner/operator and third-party manager with operations across the Southeast. Closely comparable in geographic concentration, property type, and service model.
• Valiant Residential: National third-party multifamily management firm serving institutional and private owners, with a comparable service mix including property management, accounting, and due diligence support.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/alexander-properties-group

Revenue estimate

Valuation estimate

Number of profiles

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 Alexander Properties Group