The Dermot Company

What The Dermot Company does

The Dermot Company is a privately held, vertically integrated multifamily real estate investment and management firm founded in 1991 and headquartered in New York City. The company owns and operates 23+ upscale rental communities comprising more than 1,000 units and approximately 1.2 million square feet across New York and Florida, including nearly 1,000 affordable apartments within the portfolio. Dermot generates revenue through three primary streams: residential rental income on owned multifamily assets, third-party property management services for outside owners, and investment management fees on assets under management exceeding $3 billion for institutional and private investors including pension funds and insurance companies.

The firm’s three core service lines are property management, investment management, and construction and development management. These are supplemented by two distinct product offerings: Dermot Ignite, a resident lifestyle program featuring curated events, wellness programming, and exclusive partner discounts, and the Dermot Connect mobile application for resident engagement. Its technology stack includes the Smart Kit AI system for energy monitoring and grid-interactive building automation, a proprietary acquisition intelligence tool for data-driven deal sourcing, and integrations with resident portal platforms (BuildingLink, ActiveBuilding, SecureCafe) and Bilt for rent payment processing. Operations span New York City neighborhoods (Upper West Side, Financial District, Brooklyn) and Florida markets (Palm Beach Gardens, Delray Beach, Jacksonville, Wellington, Deerfield Beach). The company is led by Managing Partner and CEO Stephen Benjamin and CIO and Partner Andrew Levison, with the firm pursuing a published ESG agenda (40% emissions reduction by 2030, 100% green certifications by 2027) that has earned the 2023 PREA Emerging Manager ESG Award.

Name

The Dermot Company

Legal name

The Dermot Company

Website

https://dermotcompany.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

51–100 employees

Short description

The Dermot Company is a privately held, vertically integrated multifamily real estate firm founded in 1991, operating 23+ upscale rental communities with 1,000+ units and $3+ billion in AUM across New York and Florida, serving institutional investors and residential tenants.

Ownership category

akta.pro rank

Product category

Multifamily Real Estate Investment and Management

NAICS

Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (53121)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)

akta.pro primary industry

Multi-Unit STR / Aparthotel Management (BPAJAIAC)

akta.pro secondary industry

Relocation & Corporate Housing Brokerage (BPAJAAAG)

Keywords

• Multifamily real estate investment
• Property management services
• Residential rental management
• Institutional real estate management
• Affordable housing development

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Rental Income: Primary revenue stream from rental income generated by owned multifamily properties across New York and Florida. The company owns and operates 23+ upscale rental communities with over 1,000 units, generating recurring monthly rental revenue from residential tenants.
2. Third-Party Property Management Services: Revenue from providing property management services to third-party property owners. The company offers vertically integrated management services including leasing, maintenance, resident services, and sustainability programs.
3. Investment Management Fees: Revenue from managing real estate investments on behalf of institutional and private investors. The company manages assets under management exceeding $3 billion for partners including pension funds and institutional investors.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

The Dermot Company is a vertically integrated multifamily real estate investment, ownership, and management firm that owns and operates 23+ upscale rental apartment communities across New York and Florida. It delivers Property Management, Investment Management, and Construction & Development Management services for its own portfolio, for institutional and private capital partners, and for third-party property owners, supported by in-house technology such as the Smart Kit AI building automation system and the Dermot Connect resident app.

Product overview

The Dermot Company operates a vertically integrated multifamily real estate investment and management platform with three core service lines: Property Management, Investment Management, and Construction & Development Management. The portfolio consists of 24 named apartment communities (17 in New York and 7 in Florida) offered under The New York Residence Collection and The Florida Residence Collection brands. The company enhances its core real estate services with two supplementary offerings: Dermot Ignite (a lifestyle programming platform featuring events, wellness classes, and exclusive partner discounts) and the Dermot Connect mobile application (iOS/Android) for resident engagement. The Smart Kit AI system provides energy monitoring and optimization across the portfolio. All services are supported by third-party resident portal integrations (BuildingLink, ActiveBuilding, SecureCafe) and payment processing (Bilt).

Differentiator

Problem solved

Functional benefit

Brands

• Dermot Ignite: An innovative residential lifestyle program designed to seamlessly manage essential services, curate unique events, and deliver exclusive resident perks across the portfolio. Includes a mobile app called Dermot Connect.

Products and services

• New York Apartment Communities Collection of 17 upscale rental apartment communities across New York City, offering studio to 4-bedroom units with on-site management, resident services, and community programming. Targeted at individuals and families seeking quality rental housing in prime New York neighborhoods.
• Florida Apartment Communities
• Property Management Services
• Investment Management Services Sector-specialist investment management for institutional and private investors in multifamily real estate, with a full investment lifecycle framework founded on research, due diligence, local market expertise, and responsible investment principles. Includes LP reporting through the Juniper Square platform.
• Construction & Development Management Construction management covering predevelopment and site planning, on-site construction supervision, and specialized renovation projects, including energy-saving initiatives such as building electrification, window upgrades, and efficiency installations for owned and partner assets.
• Dermot Ignite Lifestyle Program Immersive residential lifestyle program managing essential services, curating unique events, and delivering exclusive resident perks across the Dermot portfolio, including fitness classes, networking mixers, wellness programs, and signature events for residents.
• Dermot Connect Mobile Application iOS and Android mobile application serving as a resident resource hub with event calendars, rental payment details, community chat, essential community information, and access to exclusive resident perks and partner services.
• Smart Kit AI Building Automation System AI-powered monitoring system that tracks carbon emissions from core building systems and reduces energy usage through smart thermostats and building automation, enabling grid-interactive energy management in NYC properties.

Quantifiable outcome

• Reduce energy intensity by 40% by 2030
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Four partnerships are on record, tiered minor.

• Barry's Boot CampminorGTM or Marketing PartnerWellness partner offering exclusive benefits for Dermot Ignite members, providing fitness classes and wellness programming for residents.
• Other Half BreweryminorGTM or Marketing PartnerFood and beverage partner offering exclusive discounts and experiences for Dermot Ignite residents through the resident lifestyle program.
• InstavetminorGTM or Marketing PartnerPets partner providing exclusive services and discounts for Dermot Ignite members, supporting the pet-friendly amenities at Dermot properties.
• Biscuits and BathminorGTM or Marketing PartnerPets partner offering exclusive grooming and care services for resident pets through the Dermot Ignite program.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• The Related Companies: Large, vertically integrated NYC-based real estate developer, owner, and manager with significant multifamily affordable and market-rate housing. Most directly comparable in geography, integrated investment/property management model, and regulatory complexity.
• Brodsky Organization: Long-standing New York multifamily owner, operator, and developer with a mix of market-rate and affordable housing. Closely comparable in NYC focus, integrated ownership/management approach, and rent-regulated portfolio exposure.
• Rockrose Development: NYC-focused residential real estate investment, development, and management firm with deep expertise in Manhattan multifamily and rent-regulated assets. Comparable in operating model, scale, and regulatory navigation.
• The Kushner Companies: Diversified real estate firm with significant multifamily investment and management in NYC, NJ, and Florida. Comparable in upscale multifamily ownership, geographic mix, and third-party management services.
• AvalonBay Communities: Public multifamily REIT with portfolio of upscale urban and suburban rental communities, including NYC. Comparable in upscale urban multifamily ownership and operations, with greater scale and public-market capital access.
• Equity Residential: Public multifamily REIT concentrated in high-density urban gateway markets including NYC and select Florida metros. Comparable in upscale urban rental focus and institutional capital base, with significantly larger scale.
• UDR, Inc. Public multifamily REIT operating upscale rental communities in coastal markets including NYC and Florida. Comparable in upscale urban and suburban multifamily ownership and operations.

Broad incumbents

• Greystar Real Estate Partners: Largest global apartment property manager and investor with deep institutional capital relationships. Comparable in vertically integrated investment/property management services, but at vastly greater scale and geographic breadth.
• Tishman Speyer: Global real estate investment, development, and operating company with a meaningful NYC multifamily and mixed-income portfolio. Comparable in vertical integration and urban multifamily specialization, though at much larger scale and with a broader asset mix.
• Blackstone Real Estate: World's largest real estate investor with massive multifamily exposure (e.g., Tricon, AIR Communities). Comparable only in asset class and institutional scale; competes for both acquisitions and LP capital but at a fundamentally different tier.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/dermotcompany
• LinkedInlinkedin.com/company/the-dermot-company-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

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 Dermot Company