Wilhoit Properties
Wilhoit Properties is a vertically integrated LIHTC-focused affordable housing developer and property manager operating 200+ properties across 17 Central and Southern US states, serving low-to-moderate-income families and seniors (55+) as a subsidiary of Zimmerman Properties.
- Company typePrivate
- Founded1967
- HeadquartersSpringfield, United States
- Headcount251–500
- GTM typeB2C
- OfferingServices
What Wilhoit Properties does
Wilhoit Properties, Inc. is a privately held affordable housing property manager and developer headquartered in Springfield, Missouri, founded in 1967 and operating as a wholly-owned subsidiary of Zimmerman Properties. The company manages more than 200 properties across 17 states in the Central and Southern United States, offering income-restricted apartments, townhomes, and stand-alone homes under the Wilhoit Living brand, along with dedicated 55+ senior living communities and a smaller commercial real estate brokerage service. Tenant qualification is governed by Low-Income Housing Tax Credit (LIHTC) program requirements, with units set aside at 30%, 40%, 50%, 60%, 70%, and 80% of Area Median Income (AMI), supplemented by market-rate units at select properties.
Wilhoit Properties firmographics
Firmographics- Name
- Wilhoit Properties
- Legal name
- Wilhoit Properties, Inc.
- Website
- https://wilhoitliving.com
- Company type
- Private
- Founded year
- 1967
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Wilhoit Properties is a vertically integrated LIHTC-focused affordable housing developer and property manager operating 200+ properties across 17 Central and Southern US states, serving low-to-moderate-income families and seniors (55+) as a subsidiary of Zimmerman Properties.
- Ownership category
- akta.pro rank
Wilhoit Properties industry classification
Industry- Product category
- Affordable Housing Property Management
- NAICS
- Lessors of Residential Buildings and Dwellings (53111), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)
- akta.pro secondary industries
- Multifamily Apartment Property Management (BPAJAFAA), Senior & Assisted Living Residential Property Management (BPAJAFAE), Affordable Housing Property Management (BPAJAGAJ)
Keywords
Where Wilhoit Properties is headquartered
LocationHeadquarters
- HQ city
- Springfield
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Wilhoit Properties business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Marketing or Sales, Others
Revenue model
- Residential Property Rental: Wilhoit Properties generates revenue through monthly rental income from tenants across their portfolio of 200+ affordable housing properties. Properties include garden-style apartments, townhomes, stand-alone homes, and senior living communities with income-restricted units typically set at 30%, 50%, 60%, and 80% AMI levels.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Income-restricted affordable housing with AMI-based qualification |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Wilhoit Properties product offering
Product offeringCore offering
Wilhoit Properties manages and develops affordable housing communities across 17 states, operating more than 200 properties of garden-style apartments, townhomes, and stand-alone homes. The portfolio includes senior living communities (55+) and family housing with income-restricted units set at various Area Median Income (AMI) levels under the Low Income Housing Tax Credit (LIHTC) program. Operating as a subsidiary of Zimmerman Properties, the company runs a vertically integrated model spanning development, construction, ownership, and management.
Product overview
Wilhoit Properties operates as a vertically integrated property management and development company, offering a portfolio of residential housing products under the Wilhoit Living brand. The core offering includes affordable apartments, townhomes, and stand-alone homes serving families and seniors (55+) across more than 200 properties in 17 states. Senior Living Communities provide active adult housing with amenities like fitness centers, clubhouses, and social spaces. The Resident Portal provides online rent payment, maintenance scheduling, and community engagement through RealPage OneSite and ActiveBuilding integrations. The company's vertically integrated model, under parent Zimmerman Properties, combines property development, construction (via Zimmerman Properties Construction), and management services. Commercial Real Estate Services are offered through a partner (Kenschwab.com) for commercial property transactions. Income-restricted affordable housing is provided through Low Income Housing Tax Credit (LIHTC) programs at various Area Median Income (AMI) levels.
Differentiator
Problem solved
Functional benefit
Products and services
- Wilhoit Living (Residential Housing) Primary residential housing brand offering apartments, townhomes, and stand-alone homes for families and individuals. Properties range from single-bedroom apartments to multiple-bedroom homes with income-restricted affordable housing options across 17 states.
- Senior Living Communities Housing specifically designed for seniors aged 55 and older, offering both mid-rise community living and stand-alone homes in subdivisions. Includes active adult communities with amenities such as fitness centers, clubhouses, and social spaces.
- Affordable Housing Program (LIHTC) Income-restricted housing options for qualified applicants utilizing federal and state tax credit programs (LIHTC). Properties offer units at various AMI levels to serve low- to moderate-income residents across the portfolio.
- Commercial Real Estate Services Commercial property services including buying, selling, and leasing of commercial and investment properties, providing guidance through the commercial real estate landscape using industry experience and marketing technologies.
- Zimmerman Properties Construction General contracting subsidiary providing construction services for affordable housing developments. Has served as general contractor on more than 50 properties over the past decade, providing vertically integrated development, building, owning, and maintaining affordable housing.
- Property Development Services Development services for affordable housing communities including site selection, financing structuring (tax credits, bonds, conventional loans), design coordination, and construction management, delivered as part of the vertically integrated model with Zimmerman Properties.
Companies that use Wilhoit Properties
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Wilhoit Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Wilhoit Properties partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and flagship.
- Wynnefield Contracting Services, Inc.coreGeneral contractor for Buffalo Terrace construction in Concord, NC.
- Village Community Development CorporationcoreTexas public facility corporation partner in North Grand Villas development. Partnership makes the asset exempt from real estate taxes.
- BASE Construction and ManagementcoreGeneral contractor for North Grand Villas acquisition/renovation. Also general contractor for Flats at Sam Lane.
- Granbury PFCcoreGeneral partner in Lakewood Crossing development in Granbury, TX along with Albatross Development.
- Albatross DevelopmentcoreGeneral partner in Lakewood Crossing development and developer of Butler Park and Carver Ridge properties.
- JMZ Land CompanycoreSLP (Special Limited Partner) in Lakewood Crossing development.
- Housing Authority of Clayton CountyflagshipPartner in ZCT Mt Zion Development, LLC. Worked through land acquisition and bond issuance for Mt. Zion developments in Stockbridge, GA.
- Summit Contracting Group, Inc.coreGeneral contractor for Villas at Mt Zion and Flats at Mt Zion construction.
- Vintage Housing, Inc.coreDevelopment partner for Whittier Heights in Tulsa, OK. Vintage Housing contributed capital as grant funds as part of the financing structure.
- Bryan Construction, Inc.coreGeneral contractor for Villas at Mesa Ridge development.
- Zimmerman PropertiescoreParent company and leading affordable housing developer. Wilhoit Properties is a proud subsidiary of Zimmerman Properties. The vertically integrated business model includes Zimmerman Properties (development), Zimmerman Properties Construction (general contractor), and Wilhoit Properties (property management).
- TriStar, LLCflagshipStrategic alliance partner for affordable housing communities with innovative wraparound services focusing on education, social, and emotional wellbeing of residents. Joint venture partnership ZCT Mt Zion Development, LLC formed for Mt. Zion developments.
- Star-C, Inc.coreAtlanta-based 501(c)3 non-profit community organization providing free on-site wraparound services including after-school programs, healthy living classes, community gardening, and summer camps for affordable housing residents.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Wilhoit Properties competitors and assessment
Company assessmentDirect peers
- WinnCompanies: One of the largest multifamily property managers and developers in the US with a significant affordable housing portfolio, providing a direct peer for Wilhoit's third-party management and LIHTC operations.
- AHC Inc. Regional non-profit developer and manager of affordable and mixed-income rental housing in the Mid-Atlantic and Southeast; comparable LIHTC-driven model and senior housing operations to Wilhoit's footprint.
- The Michaels Organization: Vertically integrated developer, builder, and property manager specializing in affordable, workforce, and student housing, with a comparable LIHTC-driven model and substantial property management portfolio similar to Wilhoit's.
- Preservation of Affordable Housing (POAH): Non-profit owner, developer, and manager of affordable rental housing across multiple states; comparable in mission, LIHTC reliance, and resident-services orientation to Wilhoit's affordable and senior communities.
- Mercy Housing: National non-profit affordable housing developer and operator serving families, seniors, and special needs populations; directly comparable in product mix, LIHTC-driven development model, and resident services focus.
- National Church Residences: Mission-driven senior housing provider operating affordable and service-enriched senior communities nationwide; closely comparable to Wilhoit's 55+ senior living and elderly tax credit communities.
- L+M Development Partners: LIHTC-focused affordable and mixed-income housing developer and manager with a sizable portfolio; comparable in financing structure, mix of family and senior housing, and integrated development-management approach.
- The NRP Group: National developer, owner, and manager of affordable and market-rate multifamily housing with a vertically integrated model very similar to the Zimmerman/Construction/Wilhoit structure, making it one of the most direct comparables for Wilhoit.
Broad incumbents
- The Related Companies: Large diversified national real estate firm with a substantial affordable housing segment (Related Affordable); comparable in affordable housing scale and LIHTC activity, though operates across many property types beyond Wilhoit's focus.
- Greystar Real Estate Partners: Largest third-party multifamily property manager in the US with growing affordable housing exposure; a broad incumbent peer for Wilhoit's property management scale, though not as focused on LIHTC.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Wilhoit Properties social profiles
Digital presenceWilhoit Properties compliance and trust
Trust signalCompliance3 records
Wilhoit Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wilhoit Properties leadership team
Management profileNumber of profiles
Profiles1 record
Wilhoit Properties funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wilhoit Properties M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Wilhoit Properties
What does Wilhoit Properties do?
Wilhoit Properties manages and develops affordable housing communities across 17 states, operating more than 200 properties of garden-style apartments, townhomes, and stand-alone homes. The portfolio includes senior living communities (55+) and family housing with income-restricted units set at various Area Median Income (AMI) levels under the Low Income Housing Tax Credit (LIHTC) program. Operating as a subsidiary of Zimmerman Properties, the company runs a vertically integrated model spanning development, construction, ownership, and management.
Is Wilhoit Properties a public or private company?
Wilhoit Properties is a private company. It is classified as corporate owned and is currently operating.
When was Wilhoit Properties founded?
Wilhoit Properties was founded in 1967. It employs 251 to 500 people.
Where is Wilhoit Properties based?
Wilhoit Properties is headquartered in Springfield, United States, in the North America region.
How does Wilhoit Properties make money?
One revenue line is on record: residential Property Rental.
Who are Wilhoit Properties's main competitors?
Direct peers on record are WinnCompanies, AHC Inc., The Michaels Organization, Preservation of Affordable Housing (POAH), Mercy Housing, National Church Residences, L+M Development Partners and The NRP Group. Broad incumbents are The Related Companies and Greystar Real Estate Partners.
Does Wilhoit Properties have an API?
No public API is recorded for Wilhoit Properties.
What industry is Wilhoit Properties in?
Wilhoit Properties's product category is Affordable Housing Property Management. Its primary akta.pro industry code is BPAJAFAD, Affordable & Subsidized Housing Property Management (LIHTC, Section 8), with a secondary code of BPAJAFAA, Multifamily Apartment Property Management. Its NAICS code is 53111 and its SIC code is 6531.