The Breeden Company

What The Breeden Company does

The Breeden Company is a vertically integrated, privately held real estate development firm founded in 1961 by Ramon W. Breeden, Jr. and headquartered at 560 Lynnhaven Parkway in Virginia Beach, Virginia. The company operates through three wholly owned operating divisions: Breeden Realty (commercial leasing and sales), Breeden Construction (general contracting), and Breeden Property Management (multifamily and commercial management). Its owned, managed, and developed portfolio comprises 15,000+ apartments across 43+ residential communities and 2M+ square feet of retail and office space across 18+ commercial properties, concentrated primarily in Virginia with operations in North Carolina.

Revenue is generated through multiple streams: recurring rental income from owned residential (monthly market-rate and luxury units) and commercial properties (subscription-style recurring revenue), fee-based third-party property management for client-owned buildings (including housing authorities), general contracting services for in-house developments and select third-party clients (professional services), and brokerage commissions on commercial sales and leasing (transaction fees). Pricing for residential varies by property, unit type, and market conditions; commercial leases are negotiated individually without publicly listed rates. Go-to-market mixes direct-to-consumer leasing through company websites, property microsites, and on-site offices with enterprise field sales through Breeden Realty brokers targeting national and regional retail and office tenants.

The company is founder-family owned, self-funded through operations without disclosed private equity or venture capital backing, and currently employs 450+ associates. It has been recognized as a Top 20 multifamily developer nationally (Multi-Housing News, 2020), a Top Multifamily Property Management Firm and Top Multifamily Builder (2025), a Top Commercial Real Estate Firm in Virginia (Virginia Business, 2024), and one of the largest private companies in Virginia (Virginia Business, 2021), and has appeared on the Inc. 5000 for three consecutive years through 2025. Recent notable activity includes the 2021 groundbreaking of The Pinnacle on 31st Street (a $66M investment), continued third-party management expansion under dedicated VP leadership, and the 2024 launch of the Breeden Cares community engagement program.

Name

The Breeden Company

Legal name

The Breeden Company, Inc.

Website

https://thebreedencompany.com

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

101–250 employees

Short description

The Breeden Company is a vertically integrated, privately held real estate development firm that develops, constructs, leases, and manages 15,000+ apartments and 2M+ square feet of commercial space across Virginia and North Carolina through its Breeden Realty, Breeden Construction, and Breeden Property Management divisions.

Ownership category

akta.pro rank

Product category

Multifamily Real Estate Development

NAICS

Residential Property Managers (531311), Nonresidential Property Managers (531312), Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (5312)

SIC

Operators Of Apartment Buildings (6513), Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industries

Residential Real Estate Asset Management (BPAJAMAA), Mixed-Use Property Management (BPAJAGAE)

Keywords

• Multifamily real estate development
• Commercial property leasing
• Property management services
• General contracting construction
• Residential apartment communities

Headquarters

HQ city

Virginia Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Apartment Leasing: Revenue from leasing apartments across 43+ residential properties in Virginia. Income from monthly rents across market-rate and luxury units.
2. Commercial Real Estate Leasing: Revenue from leasing retail and office space across 18+ commercial properties totaling over 2 million square feet in Virginia markets
3. Third-Party Property Management: Fee-based property management services for client-owned buildings, providing full-service management including financial reporting, maintenance, and tenant relations
4. Construction Services: General contracting and construction services for in-house developments and select third-party clients, including multifamily housing, mixed-use developments, and tenant improvements
5. Commercial Brokerage: Brokerage commissions from commercial property sales and leasing through Breeden Realty division

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

The Breeden Company develops, owns, leases and manages multifamily and commercial real estate through three operating divisions: Breeden Realty (commercial leasing and brokerage), Breeden Construction (general contracting for multifamily, mixed-use and tenant improvements), and Breeden Property Management (full-service management for multifamily and commercial assets). It also owns a residential portfolio of 43+ apartment communities across Virginia and markets an Enriched Lifestyle Community luxury apartment brand.

Product overview

The Breeden Company operates as a vertically integrated real estate development organization offering four distinct but interconnected divisions: Breeden Realty (commercial leasing and sales), Breeden Property Management (multifamily and commercial property management), Breeden Construction (general contracting for multifamily developments), and the Residential portfolio (owned and managed apartment communities). The company also offers the Enriched Lifestyle Community™ branded luxury apartment product line and a commercial tenant service portal. The divisions share operations and client relationships, with Breeden Construction building properties that Breeden Realty leases and Breeden Property Management manages.

Differentiator

Problem solved

Functional benefit

Brands

• Enriched Lifestyle Community: The company's ultra-luxury apartment living brand featuring premium amenities and services.

Products and services

• Breeden Realty Commercial real estate leasing and sales division handling commercial land acquisition, portfolio income maximization, marketing of commercial and retail properties, and negotiating national commercial leases and outparcel sales.
• Breeden Property Management Full-service property management for multifamily and commercial/retail properties, providing development, lease-up, and stabilized asset management with a focus on proactive service and client relations.
• Breeden Construction General contracting division handling construction operations for in-house developments and third-party engagements, specializing in multifamily housing, mixed-use developments, parking garages, retail/restaurant, and tenant improvements.
• Residential Portfolio Portfolio of 43+ apartment communities across Virginia markets offering 1-3 bedroom units with amenities including fitness centers, swimming pools, pet-friendly policies (up to 3 pets per home, no weight restrictions), and washer/dryer units.
• Commercial Property Portfolio Portfolio exceeding 2 million square feet of commercial space including shopping centers, professional offices, and retail properties throughout Virginia, many featuring upscale retail centers and grocery store-anchored projects.
• Enriched Lifestyle Community The company's luxury apartment living brand featuring ultra-luxury amenities, Class-A property standards, and enhanced lifestyle programming. Examples include Cambria at Cornerstone, Ascend at Hilltop, The Pinnacle on 31st Street, and Pinewell Station.

Quantifiable outcome

• Top 20 multifamily real estate developer in the nation
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

19 partnerships are on record, tiered core and minor.

• EgglestoncoreOthers · 1 January 2024Community partnership with Eggleston, a Norfolk-based nonprofit providing education, training and employment for individuals with disabilities. Breeden Company volunteers assist with holiday tree setup, unloading and setting up over 1500 Christmas trees, wreaths and decorations.
• Virginia Beach SPCAcoreOthers · 1 January 2024Partnership supporting Virginia Beach SPCA's animal welfare initiatives including the Neuter Scooter mobile veterinary clinic. The Breeden family (Lucy and Ramon W. Breeden, Jr.) made a contribution to support the mobile spay/neuter services.
• Norfolk SPCAcoreOthers · 1 January 2024Partnership with Norfolk SPCA including volunteer support for annual fundraising events. Breeden team members volunteer at events like Witches & Whiskers.
• ForKidscoreOthers · 1 January 2024Partnership with ForKids, a Chesapeake-based nonprofit focused on reducing homelessness and food insecurity. Breeden supports annual backpack drives, school supply donations totaling over $40,000, and Thanksgiving food drives.
• Children's Hospital of The King's Daughters (CHKD)coreOthers · 1 January 2024Partnership supporting CHKD's Buddy Brigade program, a volunteer-based pet therapy program. Breeden Property Management donates dog treats and supplies to assist the K9 therapy dogs.
• Virginia Symphony OrchestracoreOthers · 1 January 2024Corporate sponsorship and support for the Virginia Symphony Orchestra including the Symphony by the Sea concert series.
• Neptune FestivalcoreOthers · 1 January 2024Long-standing support of the annual Virginia Beach Neptune Festival and its programs.
• Bark BuildingsminorOthers · 1 January 2024Partnership providing pet programming and events for Breeden apartment communities including Paws and Pinot evenings, photos with Santa Claus, and Pet of the Month features.
• Virginia Beach Police Department K9 DivisioncoreOthers · 1 January 2024Support program providing custom-fitted ballistic K9 vests to all police dogs in the Virginia Beach Police Department K9 Division.
• Portsmouth Police Department K9 DivisioncoreOthers · 1 January 2024Support program providing custom-fitted ballistic K9 vests to all police dogs in the Portsmouth Police Department K9 Division.
• Elizabeth River ProjectminorOthers · 1 January 2024Environmental partnership supporting the Elizabeth River Project's conservation efforts.
• Elizabeth River TrailminorOthers · 1 January 2024Support for the Elizabeth River Trail initiative and related community projects.
• Downtown Norfolk CouncilminorOthers · 1 January 2024Partnership with Downtown Norfolk Council supporting downtown development and community initiatives.
• CREW NetworkcoreOthers · 1 January 2024Partnership with Commercial Real Estate Women (CREW) Network including board leadership positions and professional development. Brenda Karp serves on CREW Coastal Virginia board.
• Virginia Beach Education FoundationminorOthers · 1 January 2024Support for the Virginia Beach Education Foundation's educational initiatives.
• Virginia Arts FestivalminorOthers · 1 January 2024Support for the Virginia Arts Festival arts and cultural programming.
• ABC ReadsminorOthers · 1 January 2024Support for ABC Reads literacy program.
• Arts AllianceminorOthers · 1 January 2024Partnership supporting the Arts Alliance's arts initiatives.
• SL NusbaumminorOthers · 1 January 2024Collaborated with SL Nusbaum to assist with setup for Norfolk SPCA's annual fundraising event.

Scale indicators10 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• Greystar Real Estate Partners: Greystar is the largest multifamily property management, development, and investment company in the U.S. Highly comparable to Breeden given its vertically integrated platform spanning property management, development, and investment—matching Breeden's three-division structure. Both serve institutional and individual clients across multiple U.S. markets.
• Drucker + Falk: Drucker + Falk is a privately held, full-service multifamily real estate firm offering property management, brokerage, and investment services across the Mid-Atlantic and Southeast. Comparable to Breeden in integrated platform scope, private ownership, and regional footprint.
• Lincoln Property Company: Lincoln Property Company is a vertically integrated multifamily developer, owner, and manager with a national footprint and fee-based third-party management business. Directly comparable to Breeden's combined development, construction, and property management model with similar institutional client exposure.
• AvalonBay Communities: AvalonBay is a publicly traded multifamily REIT that develops, acquires, and manages Class-A apartment communities with strong Mid-Atlantic/Southeast exposure. Comparable to Breeden in product type (Class-A luxury apartments) and core geography, though structured as a REIT rather than private operator.
• UDR, Inc. UDR is a multifamily REIT that develops, owns, and operates apartment communities with a national portfolio including Mid-Atlantic exposure. Breeden's VP of Third-Party Management (Christine Caldwell) is a UDR alumna, underscoring operational comparability. Comparable multifamily focus with overlapping customer segments.
• RangeWater Real Estate: RangeWater is a private, vertically integrated multifamily developer, owner, and operator with a Sun Belt focus. Comparable to Breeden in integrated platform, founder/PE-backed governance, and class-A garden-style apartment product across the Southeast.
• Bozzuto Group: Bozzuto is a privately held, vertically integrated residential real estate firm operating across development, construction, and property management with a strong Mid-Atlantic presence. Highly comparable geographic and structural overlap with Breeden's Virginia-based multifamily platform.

Broad incumbents

• Camden Property Trust: Camden is a publicly traded multifamily REIT with a portfolio of Class-A apartment communities across the Sun Belt. Comparable product offering and resident customer base to Breeden's residential portfolio, though at significantly larger national scale.
• Trammell Crow Company: Trammell Crow is a national commercial real estate developer and investor with significant multifamily and office exposure (Breeden's VP Marketing Christine Gustafson is an alumna). Comparable as a larger incumbent in commercial development and brokerage.
• Mid-America Apartment Communities (MAA): MAA is one of the largest publicly traded multifamily REITs with a Sun Belt-focused portfolio. Broader geographic and capital scale than Breeden but directly comparable in product (Class-A garden-style apartments), customer base (residential renters), and operating model.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/thebreedenco
• Facebookfacebook.com/thebreedencompany
• LinkedInlinkedin.com/company/the-breeden-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles24 records

Subsidiaries3 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 The Breeden Company