What Propolis does

Propolis is a Miami-based, privately held real estate development and management company that builds and operates furnished, all-inclusive rental apartments targeting young professionals in the city's urban core (Little Havana, Wynwood, Riverside, with proximity to Downtown Miami and Brickell). It was founded as Propolis Living LLC, a Florida limited liability company, with related entities Propolis Management LLC and Apis Living LLC supporting operations; the founder and CEO is Misha Gurevich.

The company's core product is a portfolio of branded, small-scale co-living and short-stay properties - AERIE, Otto, Pastel, Olive, Saffron, Plum, and Lima & Limon - built on dense urban infill lots (e.g., AERIE packs 32 bedrooms across 12 units on a 5,000 sqft lot), leveraging Miami's relaxed parking requirements to keep per-unit costs low. Units are delivered fully furnished with smart-home features including Salto keyless entry, Samsung Smart TVs, multi-zone air conditioning, electronic rent payments, online maintenance requests, and smart laundry; leasing is run virtually through 3D tours, online inquiry forms, and a dedicated leasing line. The short-term apartment-hotel Olive is distributed via the Jurny booking platform for daily, weekly, and monthly stays, while the long-term coliving properties run on Buildium for applications, payments, and tenant management.

Propolis makes money almost entirely through recurring monthly residential rental income, with a base rent starting around $1,175/month for a private bedroom in shared housing plus a flat $135/month all-inclusive utility and cleaning package (covering power, water, WiFi, streaming, and bi-weekly cleaning). Move-in costs are positioned at $0 by leveraging surety-bond deposit alternatives from The Guarantors and Rhino, and rents are claimed to deliver $200-300/month in savings versus comparable Miami studios (~$9,900 in first-year savings). Customer acquisition is direct-to-consumer via the thepropolis.com website, Facebook, Instagram, virtual tours, and a leasing phone line - a deliberately lightweight, asset-light GTM consistent with the 1-10 employee headcount, and the company is currently operating 4+ buildings with 10+ sites in its development pipeline.

Name

Propolis

Legal name

Propolis Living LLC

Website

https://thepropolis.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Propolis is a Miami-based private real estate firm that develops and manages fully furnished, all-inclusive co-living apartments and short-stay apartment hotels targeting young professionals in Little Havana, Wynwood, and Downtown Miami neighborhoods.

Ownership category

akta.pro rank

Product category

Residential Rental Housing (Co-living / Furnished Apartments)

NAICS

Hotels (except Casino Hotels) and Motels (72111)

SIC

Hotels & Motels (7011), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Corporate Extended-Stay Housing (Relocation & Project-Based) (THAMAFAA)

akta.pro secondary industries

Furnished Corporate Apartments (Urban, Mid-Rise) (THAMAHAG), Extended-stay serviced apartments (weekly/monthly) (THAMACAD), Executive Apartments (Corporate Housing) (THAGAEAD)

Keywords

• Furnished apartments rental
• Co-living housing
• Shared apartment rentals
• Apartment hotel stays
• Property management services

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices15 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Rental Income - Shared Housing (Coliving): Propolis generates primary revenue through monthly rental payments from residents in their coliving/shared apartment buildings. Residents pay for private bedrooms within shared apartments, with rents starting at approximately $1,175/month including utilities. The company offers flexible lease terms ranging from 6-12 months for long-term stays and shorter terms for designated units.
2. Residential Rental Income - Apartment Hotel (Short-term): Olive Apartments operates as a furnished apartment hotel offering daily, weekly, and monthly rentals. This provides revenue from travelers and short-term visitors who need flexible accommodation options in Miami's downtown area.
3. All-Inclusive Utility Package: Additional revenue stream from bundled utility services including power, water, trash, high-speed WiFi, streaming channels, and bi-weekly cleaning services, priced at approximately $135/month flat fee.
4. Security Deposit/Surety Bond Administration: Propolis facilitates security deposit collection or alternatively recommends surety bond products through partners (The Guarantors, Rhino) which may generate referral or administrative benefits.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Propolis builds and manages furnished apartment buildings in Miami targeting young professionals. The portfolio includes shared co-living apartments (AERIE, Otto, Pastel, Plum, Saffron, Lima & Limon) and an apartment hotel (Olive) for short-term stays. Units are move-in ready with all-inclusive utilities, WiFi, bi-weekly cleaning, smart home features (keyless entry, smart locks, Samsung Smart TVs), and flexible 6-12 month lease terms.

Product overview

Propolis is a furnished apartment provider offering co-living and shared housing solutions in Miami, FL. The portfolio comprises seven distinct apartment properties: AERIE (shared 2-3 bed co-living), Otto (shared 2-4 bed living), Pastel (shared 3-bed and micro-studios), Plum (shared 3-bed), Saffron (mixed studio to 3-bed), Olive (apartment hotel with daily/weekly/monthly stays), and Lima & Limon (shared and studio options in Wynwood). All properties offer fully furnished units with flexible lease terms (6-12 months), bi-weekly cleaning, and optional all-inclusive utility packages. The company differentiates through cost savings (averaging $200-300/month vs. traditional studios), smart home features (keyless entry, smart locks, Smart TVs), and free roommate matching services.

Differentiator

Problem solved

Functional benefit

Brands

• AERIE: Shared living apartment community offering 2- and 3-bedroom furnished units with private bedrooms and en-suite bathrooms. Located at 121 NW 7th Ave, Miami, FL 33128.
• Otto
• Pastel
• Olive
• Saffron
• Plum
• Lima & Limon

Products and services

• AERIE Apartments Shared co-living apartment building offering fully furnished 2- and 3-bedroom units with private en-suite bathrooms, located at 121 NW 7th Ave, Miami, FL 33128. Features bi-monthly cleaning, all-inclusive utilities, and free roommate matching for young professionals seeking community-driven living near downtown Miami.
• Otto Apartments Shared living apartment building offering fully furnished 2-, 3-, and 4-bedroom layouts with private en-suite bathrooms at 228 NW 7th Ave, Miami, FL 33128. Features professional bi-weekly cleaning and an all-inclusive utility package for young professionals.
• Pastel Apartments Boutique shared housing community offering fully furnished 3-bed/3-bath apartments and private micro-studio apartments (275 sq ft) at 1160 NW 5th St, Miami, FL 33128. Features rooftop deck, open-air lounge, and flexible lease terms starting at 6 months.
• Plum Apartments Fully furnished shared 3-bed/3-bath apartment building at 626 NW 11th Ave, Miami, FL 33136. Features private bedroom suites with en-suite bathrooms, rooftop deck, biweekly cleaning, and smartphone app-based smart locks (Salto).
• Saffron Apartments Four-story fully furnished apartment building in Little Havana near the Miami River at 1110 NW 7th St, Miami, FL 33128. Offers studio, 2-bed, and 3-bed layouts with private bathroom for each bedroom, rooftop deck, and flexible 6-12 month leases starting at $1,175/month.
• Olive Apartments (Apartment Hotel) Apartment hotel offering fully furnished studios, 2-bed, and 3-bed apartments for daily, weekly, or monthly stays. Located at 637 NW 2nd St, Miami, FL 33128 near the Miami River with private backyard and Smart TVs, targeted at travelers and short-term visitors.
• Lima & Limon Apartments Shared apartment communities in Wynwood at 3505 NW 5th Ave, Miami, FL 33127. Offers private en-suite bedrooms within shared 3-bedroom apartments and furnished studio apartments with all-inclusive utility package.

Quantifiable outcome

• Residents save an average of $200-300 per month compared to traditional Miami studios
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

AI capability2 records

Feature9 records

Partnerships

Four partnerships are on record, tiered minor and core.

• The GuarantorsminorOthersSurety bond partner offering security deposit replacement options to applicants. The Guarantors provides an alternative to traditional large upfront security deposits, saving residents hundreds in move-in costs. Propolis recommends this option to reduce initial rental expenses.
• RhinominorOthersSurety bond partner providing security deposit replacement products for long-term lease applicants. Offers an alternative to traditional security deposits, reducing upfront move-in costs for residents.
• JurnycoreTechnology or IntegrationProperty management and booking platform used for Olive apartment hotel reservations. Jurny enables the short-term rental operations including online booking for daily, weekly, and monthly stays at the Olive property.
• BuildiumcoreTechnology or IntegrationIndustry-standard rental property management software used for tenant applications, lease management, rent collection, and payment processing. Residents use Buildium's designated payment platform for e-check and credit/debit payments with auto-pay options.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Landing: Furnished apartment network offering flexible month-to-month leases with bundled amenities — directly comparable to Propolis's flexible lease terms and all-inclusive utility package.
• Blueground: Furnished apartment provider for stays of 30+ nights across global cities, targeting business travelers and relocations. Comparable to Propolis's furnished, flexible-term rental model for professionals.
• Ollie: Coliving and all-inclusive rental operator in major U.S. cities targeting young professionals with furnished shared apartments and flexible leases, directly comparable to Propolis's shared-housing portfolio.
• Kasa: Tech-enabled apartment-hotel and short-term rental operator offering furnished units with self-serve booking, comparable to Propolis's Olive apartment hotel and the Jurny-powered booking experience.
• Common: Coliving company operating shared furnished apartments in multiple U.S. cities with private bedrooms, en-suite bathrooms, and flexible lease terms — closely aligned with Propolis's coliving concept and flexible-term value proposition.
• Lyric: Apartment-style extended-stay hospitality brand offering flexible furnished units with kitchen and workspace amenities — a direct comparable to Propolis's Olive apartment hotel concept.
• Stay Alfred: Extended-stay furnished apartment operator providing apartment-style accommodations for travelers and corporate housing clients, similar in offering to Propolis's Olive apartment hotel and furnished rental units.
• Bungalow: Coliving operator offering private bedrooms in shared furnished homes with all-inclusive utilities and roommate matching, comparable to Propolis's core AERIE/Otto/Pastel model. Was acquired by Airbnb in 2024, giving it significant capital and distribution.

Broad incumbents

• Vacasa: Largest U.S. vacation rental management company operating furnished short-term rentals at scale. Comparable to the short-term rental side of Propolis's Olive operation, though Vacasa focuses on traditional vacation markets rather than urban core.
• Sonder: Tech-forward apartment-hotel operator offering short- and long-stay furnished apartments in major cities. Operates at a much larger scale and broader geographic footprint than Propolis's single Olive property but in the same category.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/thepropolis
• Instagraminstagram.com/thepropolis
• LinkedInlinkedin.com/company/propolis-properties

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Propolis