The Justus Family of Companies

What The Justus Family of Companies does

The Justus Family of Companies is a privately held, family-owned real estate development and management firm founded in 1910 in Indianapolis, Indiana, now in its fourth generation of family leadership under President and CEO Walt Justus. The company operates a fully integrated value chain spanning senior living communities (55+), Class A multi-family apartments, commercial real estate (office and retail), in-house construction services, and property management. Its owned and operated portfolio totals approximately 2,400+ residential units across Central Indiana (Indianapolis, Noblesville, Carmel, Danville) and the Kansas City, Missouri market, with senior living communities Crestwood Village North and South plus the recently launched Promenade Trails contributing the largest unit count, and Class A multi-family properties including Bridgewater, Promenade, Canal Overlook, Copper Ridge, and 51 Main Apartments. Vertically integrated subsidiaries Freedom Home Health & Hospice and Freedom Senior Services (formed 2010) provide in-house care services to senior residents.

Revenue is generated primarily through recurring monthly rental income from multi-family and senior living communities, with secondary streams from commercial leases, in-house construction for owned developments, and property management. The company has historically self-funded growth — there is no disclosed external equity, debt financing rounds, or institutional investors — and has executed a portfolio rebalancing in 2021 by divesting the three-property Woodland Terrace senior living portfolio while acquiring 51 Main in Kansas City. Its go-to-market is sales-led via on-site leasing teams at each property, supported by corporate marketing, the justus.net website, industry awards positioning, and community events. The company completed a $7.3 million, 20,000-square-foot corporate headquarters in Noblesville in January 2026 and maintains a 60-acre shovel-ready mixed-use development pipeline (Promenade of Noblesville PUD) for future expansion.

Name

The Justus Family of Companies

Legal name

The Justus Companies

Website

https://justus.net

Company type

Private

Founded year

1910

Operating status

Operating

Headcount range

251–500 employees

Short description

The Justus Family of Companies is a privately held, fourth-generation real estate firm that develops, constructs, and operates Class A multi-family apartments, 55+ senior living communities, and commercial properties across Central Indiana and Kansas City, Missouri, serving over 3,000 residents through its integrated ownership and management platform.

Ownership category

akta.pro rank

Product category

Real Estate Development and Property Management

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131)

SIC

Operative Builders (1531), Operators Of Apartment Buildings (6513), General Bldg Contractors - Residential Bldgs (1520), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Senior Living Property Management (BPAJAGAI)

akta.pro secondary industries

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB), Single-Family Home Construction (Detached Homes) (IMAFABAA)

Keywords

• Real estate development
• Senior living communities
• Multi-family housing
• Property management services
• Commercial real estate leasing

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Apartment Rental Income: Monthly rental revenue from multi-family apartment communities including Bridgewater, Promenade, Canal Overlook, Copper Ridge, and 51 Main. Units range from studios to 3-bedroom apartments with rents varying by property and unit type.
2. Senior Living Community Fees: Revenue from 55+ and senior living communities including Crestwood Village and Promenade Trails. Income-based senior apartments at Wyndham Hall and independent/assisted living at various properties.
3. Construction and Development Services: Company builds and develops its own properties as well as communities. Revenue generated from development and construction activities for new projects.
4. Property Management Services: Hands-on property management for owned and potentially third-party properties including accounting, maintenance, marketing, leasing, and customer service functions.
5. Commercial Real Estate: Office and retail space rental including Shadeland Office Building, Fidelity on Meridian, and retail space at 51 Main Kansas City.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

The Justus Family of Companies is a fully integrated real estate enterprise that develops, constructs, owns, and manages senior living (55+) communities, multi-family apartment communities, and commercial properties across central Indiana and Kansas City, Missouri. The company also operates a full-service construction division and provides hands-on property management for owned and operated assets. The company has built over 32,000 homes and apartments since 1910.

Product overview

The Justus Family of Companies is a fully-integrated real estate enterprise offering a diversified portfolio of residential and commercial properties. The company operates across four primary business segments: (1) Senior Living/55 & Better Communities including Promenade Trails and Crestwood Village North and South; (2) Multi-Family Living including Bridgewater, Promenade, Canal Overlook, Copper Ridge, and 51 Main Apartments; (3) Construction & Development Services through its Justus Construction division; and (4) Commercial properties including office buildings and retail space. The company also offers property management services, having developed and operated over 15,000+ apartment homes across multiple states. Founded in 1910 and headquartered in Noblesville, Indiana, the company operates throughout central Indiana and Kansas City, Missouri.

Differentiator

Problem solved

Functional benefit

Brands

• Crestwood Village: 55 & Better senior living communities offering independent living apartments and cottage homes
• Promenade Apartments
• Promenade Trails
• The Bridgewater Apartments
• Copper Ridge Apartments
• 51 Main Apartments
• Canal Overlook
• Woodland Terrace

Products and services

• Promenade Trails
• Crestwood Village North
• Crestwood Village South
• Bridgewater Apartments
• Promenade Apartments
• Canal Overlook
• Copper Ridge Apartments
• 51 Main Apartments
• Shadeland Office Building
• Fidelity on Meridian
• Justus Construction
• Freedom Home Health & Hospice
• Freedom Senior Services
• Property Management Services

Quantifiable outcome

• 32,000+ homes and apartments built since 1910
• +3 more outcomes

Named customers3 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

Integration2 records

Feature5 records

Partnerships

One partnership is on record.

• Best Choice (Justus Care Network partner)minorOthers · 12 August 2020Best Choice was recognized as Industry Partner of the Year at the 2020 Indiana Assisted Living Association Awards, nominated by Crestwood Village South. Best Choice is part of the Justus Care Network partner ecosystem.

Scale indicators9 records

Recent moves10 records

Expansion highlights7 records

Direct peers

• Buckingham Companies: Indianapolis-based, privately held real estate firm with integrated multifamily development, construction, and property management operations. Highly comparable to Justus in geography, scale, and integrated business model.
• Flaherty & Collins Properties: Indianapolis-based multifamily developer, owner, and manager with a multi-state portfolio including senior living-adjacent product. Comparable to Justus as a regional integrated multifamily operator in the Midwest.
• Edward Rose & Sons: Family-owned (third generation), Midwest-focused multifamily developer and operator with 80,000+ units. Closely analogous to Justus in family ownership, integrated model, and regional multifamily focus.
• Continental Properties: Privately held, Midwest-based developer specializing in multifamily build-to-rent and conventional apartments plus senior living product. Directly comparable to Justus as a regional, integrated multifamily/senior living builder-operator.
• TWG Construction: Indianapolis-headquartered real estate developer with multifamily and mixed-use projects in the Midwest. Comparable in geographic focus and as a vertically integrated Indiana real estate operator competing for similar submarket tenants.

Regional players

• Kite Realty Group: Indianapolis-headquartered publicly traded REIT. While retail-focused, it provides a comparable Indianapolis-rooted real estate platform and benchmarks local market conditions affecting Justus.

Broad incumbents

• Greystar Real Estate Partners: Largest U.S. apartment property manager and a major multifamily developer/operator. Relevant broad incumbent for benchmarking Justus's property management and operating-platform maturity.
• Mid-America Apartment Communities (MAA): Large Sun Belt-focused multifamily REIT with operations partially overlapping Justus's Midwest footprint. Comparable as a scaled, publicly visible multifamily landlord.
• Atria Senior Living: Large national senior living operator. Comparable as a 55+ housing operator; relevant for benchmarking Justus's Crestwood Village and Promenade Trails properties against a national platform.
• Brookdale Senior Living: Largest U.S. senior living operator with independent living, assisted living, and memory care. Represents the scale of operator that Justus's senior living segment competes against.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Justus-Careers-201207186914440
• Xx.com/justuscompanies

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 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 Justus Family of Companies