Westover Companies

What Westover Companies does

Westover Companies, operating through its legal entity Westover PMC, LP, is a privately held, founder/management-owned real estate firm founded in 1965 and headquartered at 550 American Avenue, King of Prussia, Pennsylvania. The company operates a diversified property portfolio consisting of nearly 15,000 market-rate residential apartments across more than 70 communities in seven states (Pennsylvania, New Jersey, Delaware, Maryland, New York, Florida, and Oklahoma), plus approximately one million square feet of commercial and retail space across eight shopping centers and one million square feet of office buildings in the Philadelphia suburbs. Residential units range from studios at $775/month to luxury New York apartments at $4,610+/month, with the Feel Free flexible lease program (allowing 30-day lease termination for a single move-in fee, excluding NY/DE/OK) as a differentiator.

The business model is recurring monthly rental income from a highly distributed base of individual tenants and commercial occupants, supplemented by transactional application fees ($50 primary applicant, $25 per occupant over 18). Distribution is omnichannel: direct leasing offices at each property, a website-based apartment search filtered by state/bed/bath, property-specific SEO sites, an online resident portal for rent payment and maintenance requests, and active social media on Facebook, Instagram, LinkedIn, and TikTok. Commercial revenue is concentrated in the Philadelphia area through the Westover Commercial division.

The underlying technology stack is conventional property management software — a resident portal for online rent payment, maintenance ticketing, and electronic document signing — supplemented by sustainability infrastructure including solar panels (842,000 kWh generated annually at Valley Forge Suites), LED lighting, low-flow water devices, Energy Star appliances, EV charging stations via the ParkPlug partnership, and an industry-unique in-house refrigerant recycling program through Associate Refrigeration (ARI) under the Westover Green Initiative launched in 2009. No AI/ML capabilities, patents, or proprietary technology platforms are evidenced; Westover is fundamentally a real estate operating company rather than a technology company, with sustainability and operational excellence rather than software as its primary axes of differentiation.

Name

Westover Companies

Legal name

Westover PMC, LP

Website

https://westovercompanies.com

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

251–500 employees

Short description

Westover Companies is a privately held, King of Prussia, PA-based real estate firm operating nearly 15,000 residential apartments across 70+ communities in 7 states plus ~2 million sq ft of Philadelphia-area commercial and office space, generating recurring rental revenue from individual tenants and commercial occupants since 1965.

Ownership category

akta.pro rank

Product category

Multi-Family Residential Property Management

NAICS

Residential Property Managers (531311), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Operators Of Apartment Buildings (6513), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Multi-family apartment rentals
• Residential property management
• Commercial office leasing
• Retail space leasing
• Apartment community operations

Headquarters

HQ city

King Of Prussia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Apartment Rentals: Primary revenue stream from nearly 15,000 residential apartments across 70+ communities in 7 states. Monthly rental payments from individual and family residents. Pricing varies by property from $775+ to $4,610+ per month.
2. Commercial and Retail Space Leasing: Manages approximately 1 million square feet of commercial and retail space across 8 shopping centers, and 1 million square feet of office buildings in the Philadelphia area. Revenue from commercial tenant lease payments.
3. Application Fees: Application processing fees of $50 for primary applicants, additional leaseholders and guarantors, and $25 for occupants over 18 years of age undergoing criminal background checks.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Westover Companies owns, leases, and manages residential apartment communities (~15,000 homes across 70+ communities in 7 states) and commercial real estate (~1 million sq ft of office space and ~1 million sq ft of retail space). The company runs two main divisions: Westover Residential for apartment rentals and Westover Commercial for office and retail leasing, supported by an in-house property management team and resident-facing programs including the Feel Free flexible lease option.

Product overview

Westover Companies operates a diversified real estate portfolio consisting of residential apartment communities and commercial properties. The company's residential segment manages nearly 15,000 apartments across over 70 communities in seven states, offering market-rate rentals ranging from studio to 4-bedroom units. Their commercial division oversees approximately one million square feet of retail space and one million square feet of office buildings in the Philadelphia area. The portfolio is supported by the proprietary Feel Free flexible lease program, the Westover Green Initiative sustainability brand, and a Resident Portal for online rent payments and maintenance requests. The company positions itself as a property management provider focused on customer service, curb appeal, and maintenance quality across its property portfolio.

Differentiator

Problem solved

Functional benefit

Brands

• Westover Green: Environmental sustainability initiative program started in 2009 focusing on energy efficiency, renewable energy, and reducing carbon footprint.
• Westover One

Products and services

• Westover Residential Apartment Rentals Monthly rental apartment homes across 70+ communities in 7 states (approximately 15,000 units total) leased to individual renters and households through on-site leasing offices and an online portal.
• Feel Free Flexible Lease Program Flexible lease term option offered to Westover Residential apartment renters as an alternative to rigid fixed-term leases.
• Westover Commercial Office Space Leasing Leasing of approximately 1 million square feet of office space to commercial tenants through the Westover Commercial division.
• Westover Commercial Retail Space Leasing Leasing of approximately 1 million square feet of retail space to commercial tenants through the Westover Commercial division.

Quantifiable outcome

• 842,000 kilowatt hours of solar energy generated in first year at Valley Forge Suites
• +4 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Deep RootscoreStrategic or Co-development Partner · 29 January 2019Westover donated $100,000 to Deep Roots in 2018. Deep Roots breaks the cycle of homelessness by offering free daily meals, a thrift store, field trips, support services, and transitional housing for adults and children in need at their farm in Earleville, Maryland.
• Community Coalition for Affordable Housing (CCAH)coreStrategic or Co-development Partner · 29 January 2019Westover donated $100,000 to CCAH in 2018. CCAH provides shared-house living with separate bedrooms for formerly homeless tenants in Cecil County, Maryland. Westover's donations help fund expanded capacity and serve more needy homeless individuals.
• Alex's Lemonade Stand FoundationcoreStrategic or Co-development PartnerWestover Companies partners with Alex's Lemonade Stand Foundation to host lemonade stands at 57 apartment communities to raise funds for childhood cancer research. In 2018, they raised $17,506.02 (matched to $35,012.04) across 57 lemonade stands. The partnership has been ongoing since 2018 with annual Lemonade Day events.
• PAA Helping HandscoreStrategic or Co-development PartnerWestover participates in PAA Helping Hands' Amazing Race competition, now in its 9th year. Proceeds benefit Hope+Door and ProjectHOME. Employees sit on PAA Helping Hands committees and participate in and donate to several fundraisers each year.
• Hope + DoorcoreStrategic or Co-development PartnerWestover supports Hope + Door, a charity that helps families avoid homelessness by providing rent payments directly to landlords to help families get back on their feet sustainably. Families and residents with children are eligible for up to 2 months paid rent.
• Delaware Apartment Association's Apartment Angels ProgramminorStrategic or Co-development PartnerWestover participates in the DAA Apartment Angels Program which provides aid to families in need through 6 free months of rent in a Delaware apartment. Westover provides apartments at no cost to the families selected by DAA.
• ProjectHOMEminorStrategic or Co-development PartnerProjectHOME is a focus of PAA Helping Hands, offering permanent, subsidized housing for individuals and families who had been homeless. Westover participates in fundraisers supporting this organization.
• The HEADstrong FoundationminorStrategic or Co-development PartnerThe HEADstrong Foundation offers financial, residential, and emotional support to families affected by cancer. This was a focus of PAA Helping Hands in 2023.
• Brandywine SPCAminorStrategic or Co-development PartnerWestover Woof Pack participated in the West Chester Walk 4 Paws charity event, raising money for the Brandywine SPCA which works to save animals from dogfighting, puppy mills, hoarding, and other cruel situations.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• WinnCompanies: National multifamily developer and manager with a portfolio of ~100,000 units across the U.S. Comparable as an East Coast-focused multifamily operator with both market-rate and affordable housing exposure and similar third-party management capabilities.
• Independence Realty Trust: Public multifamily REIT with ~36,000 units focused on non-gateway Sun Belt markets. Comparable as a mid-sized multifamily operator with overlap in markets like Florida where Westover is expanding.
• Bozzuto Group: Privately-held Mid-Atlantic-based real estate developer, manager, and homebuilder with a significant multifamily portfolio. Comparable as a regional, founder-led private operator competing in the same Philadelphia and Northeast submarkets as Westover.
• Greystar Real Estate Partners: Largest multifamily property management and investment firm in the U.S., managing over 800,000 units globally. Directly comparable as a multifamily-focused operator with both owned and third-party-managed portfolios across similar Mid-Atlantic and Sun Belt markets.
• Lincoln Property Company: One of the largest private multifamily managers in the U.S. with ~210,000 units under management. Comparable as a national, scaled multifamily operator with overlapping Mid-Atlantic and Sun Belt footprints.
• Camden Property Trust: Public multifamily REIT with ~58,000 apartment homes across the Sun Belt and Mid-Atlantic. Comparable as a similarly sized multifamily operator with geographic overlap in Florida, Pennsylvania, and the broader Eastern U.S.
• Morgan Properties: Privately-held multifamily owner-operator with ~100,000 units concentrated in the Mid-Atlantic and other East Coast markets. Closely comparable as a large private multifamily platform operating in overlapping Pennsylvania, New Jersey, Maryland, and New York submarkets.

Broad incumbents

• AvalonBay Communities: Public multifamily REIT with ~90,000 apartment homes concentrated in high-barrier coastal markets including the Mid-Atlantic. Comparable as a larger, publicly-traded operator with overlapping New York, New Jersey, Maryland, and Pennsylvania exposure.
• Equity Residential: Public multifamily REIT focused on urban and high-density coastal markets including New York, New Jersey, Boston, and Washington D.C. Comparable as a larger, publicly-traded residential landlord competing for the same Mid-Atlantic renter pool.

Regional players

• American Homes 4 Rent: Largest publicly-traded single-family rental REIT with ~59,000 homes. Comparable as a residential landlord at scale using institutional property management technology, though focused on single-family rather than multifamily product.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/WestoverLiving/photos
• LinkedInlinkedin.com/company/the-westover-companies
• Instagraminstagram.com/westoverliving
• TikToktiktok.com/@westoverliving
• Xx.com/westoverco

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Westover Companies