Urban Sites

What Urban Sites does

Urban Sites is a Cincinnati-based, privately held real estate firm operating an integrated three-service-line platform spanning development, construction, and property management, with a focus on historic preservation, mixed-use urban infill, and affordable housing across the Cincinnati metropolitan area and Northern Kentucky. Founded around 1995 by Bill Baum and Ed Hubert, the company has built a portfolio that includes luxury market-rate developments (The Hayden, a 12-story 133-unit tower in Covington, KY), mixed-use adaptive rehabs (Film Center, Main Street OTR, Woodburn Avenue), and an active affordable housing pipeline (Bennett Point, Logan Commons, The Barrister, Vandalia Point, Pedretti Place) totaling several hundred residential units. Revenue is generated through five streams: recurring residential and commercial rental income, property management fees on owned assets, and project-level development and construction services. Customers include individual urban residential renters, commercial tenants (notably Sam Adams, Taste of Belgium, Woods Hardware, e19 Discotheque, Art Academy of Cincinnati), and institutional partners (Cincinnati Metropolitan Housing Authority, Over-the-Rhine Community Housing, Kenton County, City of Covington, Episcopal Retirement Services) on co-developed affordable and mixed-income projects.

The underlying technology stack is conventional for a regional real estate operator: AppFolio powers tenant login, lease applications, listing management, and showing scheduling (accessed via urbansitespm.appfolio.com), Luxer One provides automated package lockers in flagship properties, and electronic entry systems provide building access control. The company differentiates through regulatory expertise in historic tax credits and affordable housing finance rather than technology, and through a vertically integrated operating model that captures development margin, construction margin, and ongoing management fees on owned assets.

Urban Sites goes to market through direct-to-consumer residential leasing via its website and AppFolio platform, direct commercial leasing through a dedicated commercial leasing manager and broker network, and direct engagement with municipal partners and nonprofits for affordable housing co-development. Pricing spans AMI-restricted units starting near $1,040/month up to luxury 2-bedroom units at $3,250/month, with additional fees (internet, water, trash, pet rent, application fees, security deposits) layered on recurring rent. The company is privately held with no external institutional investors identified; ownership is concentrated among founders, related parties, and key operating personnel.

Name

Urban Sites

Legal name

Urban Sites Property Management LLC

Website

https://urbansites.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Urban Sites is a Cincinnati-based real estate firm operating an integrated development, construction, and property management platform focused on historic preservation, mixed-use urban infill, and affordable housing across Cincinnati and Northern Kentucky.

Ownership category

akta.pro rank

Product category

Real Estate Development and Property Management

NAICS

Real Estate Property Managers (53131), Residential Building Construction (2361)

SIC

Operators Of Apartment Buildings (6513), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Affordable Housing Property Management (BPAJAGAJ)

akta.pro secondary industries

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD), Urban Renewal, Brownfield Redevelopment & Land Reuse (BPAIANAI), State/Provincial Housing, Urban/Regional Planning & Community Development (BPAIABAM)

Keywords

• Real estate development
• Property management services
• Construction services
• Affordable housing development
• Commercial leasing

Headquarters

HQ city

Cincinnati

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Leasing: Monthly rental income from residential apartments across Over-the-Rhine, East Walnut Hills, and Covington. Units range from studios to 2-bedroom apartments with rents from $1,000 to $3,500+
2. Commercial Property Leasing: Rental income from office, retail, and restaurant/bar commercial spaces in urban Cincinnati and Covington areas
3. Development Services: Real estate development including mixed-use residential, commercial, historic renovation, and affordable housing projects
4. Construction Services: Planning, project budgeting, and on-site supervision for commercial and residential construction projects
5. Property Management Services: Full-service property management including leasing, maintenance, and operations for residential and commercial properties

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Urban Sites develops, builds, leases, and manages residential and commercial properties in urban Cincinnati and Northern Kentucky neighborhoods. The company operates as a full-service real estate firm offering development services (historic rehab, mixed-use, affordable housing), construction services (planning, budgeting, on-site supervision), and ongoing property management (leasing, maintenance, operations) for both market-rate and income-restricted units.

Product overview

Urban Sites is a full-service real estate development and property management company offering three integrated service lines: Development Services, Construction Services, and Property Management Services. The company specializes in residential properties, office and retail commercial spaces, and affordable housing in walkable urban neighborhoods (Over-the-Rhine, East Walnut Hills, Covington). Key projects include The Hayden (luxury residential), Film Center (mixed-use), and various commercial leasing and construction projects. The company operates using AppFolio for property management and leverages historic tax credits for affordable housing development.

Differentiator

Problem solved

Functional benefit

Brands

• The Hayden: A luxury residential development at 103 E 3rd Street, Covington, KY with 133 units, featuring amenities like fitness center, co-working space, and rooftop lounge. Part of the Roebling Point revitalization project.

Products and services

• The Hayden A 12-story, $31 million luxury residential development with 133 units and approximately 6,000 SF of ground-floor commercial space in Covington, KY. Features include electronic entry system, fitness room, bike room, storage, co-working space, Luxer package locker system, and a resident lounge with rooftop balcony overlooking the river. Rents range from $1,885 (1-bedroom) to $3,250 (2-bedroom, 2.5-bath) per month.
• Film Center Mixed-use development at 1632 Central Parkway featuring 44 apartments and 3 commercial units. Includes rooftop deck, yoga studio, and bike storage. The largest commercial space is leased to Sam Adams for their first Tap Room.
• Residential Property Management Full-service property management for residential units across Over-the-Rhine, East Walnut Hills, and Covington neighborhoods, including leasing, tenant screening, maintenance services, and rent collection. Studio through 2-bedroom units priced from $1,040 to $3,250 per month.
• Commercial Leasing Commercial property leasing for office, retail, and restaurant/bar spaces in Cincinnati and Covington areas. Properties include 1209 Sycamore, 1200 Main, 1400 Walnut, 1108 Broadway, 1420 Walnut, 1212 Main, and 532 Reading.
• Construction Services Full-service construction including planning, project budgeting, and on-site supervision for both commercial and residential projects. Specializes in historic renovation, office build-out, retail build-out, and stabilization projects for property owners and co-development partners.
• Affordable Housing Development Affordable housing development leveraging state and federal historic and low-income housing tax credits. Projects include Pedretti Place (48 senior units in Delhi Township), Vandalia Point (52 units in Northside), Bennett Point (56-unit mixed-income in Pendleton), Logan Commons (42 senior units), and The Barrister (44 affordable units in CBD).

Quantifiable outcome

• Successfully completed multiple $8-31 million mixed-use developments ahead of schedule and under budget

Named customers5 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

Integration3 records

Feature2 records

Partnerships

Ten partnerships are on record, tiered core, flagship and major.

• Cincinnati Metropolitan Housing AuthoritycoreStrategic or Co-development PartnerCollaboration on Bennett Point 56-unit mixed-income development in Pendleton, where over 85% of units are offered at rents attainable to those earning 60% of Area Median Income. Also partnered on Logan Commons 42-unit senior affordable housing project.
• Over-the-Rhine Community Housing (OTRCH)coreStrategic or Co-development PartnerCo-development partner on The Barrister (44-unit affordable housing in Central Business District) and Vandalia Point (52-unit multi-family project in Northside). OTRCH provides resident service coordination for affordable housing residents.
• Kenton CountyflagshipStrategic or Co-development PartnerCollaboration on The Hayden 12-story, $31 million development to revitalize Roebling Point neighborhood in Covington. Kenton County administrative building renovation combined with 133 residential units.
• City of CovingtoncoreStrategic or Co-development PartnerMunicipal partnership for The Hayden development project supporting neighborhood revitalization in Covington, KY.
• Episcopal Retirement Services Affordable Living LLC (ERSAL)coreStrategic or Co-development PartnerCo-developers of Pedretti Place, a 48-unit senior apartment project in Delhi Township. ERSAL brings expertise in affordable senior housing development and management.
• Al NeyercoreStrategic or Co-development PartnerProject partner on The Hayden development bringing additional development and construction expertise to the $31 million mixed-use project.
• Turner ConstructionmajorImplementation/ SI/ Consulting PartnerConstruction partner on The Hayden project providing general contracting services for the 12-story development.
• Elevar ArchitectsmajorTechnology or IntegrationArchitecture firm for The Hayden development, designing the 12-story luxury residential and commercial building in Covington.
• Art Academy of CincinnaticoreStrategic or Co-development PartnerPartnership to create 110-bed dormitory facility restoring a historic structure and creating a campus for the Academy, helping with recruitment and neighborhood strength as an anchor institution.
• Sam AdamsmajorChannel Partner/ Reseller/ DistributorLeased largest commercial space at Film Center for their first Tap Room, bringing national attention and additional visitors to the Findlay Market district.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Cincinnati Center City Development Corp (3CDC): Cincinnati-based nonprofit urban redevelopment corporation leading downtown and Over-the-Rhine revitalization through mixed-use real estate — directly comparable as a long-tenured Cincinnati neighborhood redeveloper operating in the same submarkets and asset classes as Urban Sites.
• Al Neyer: Cincinnati-headquartered commercial real estate developer and builder of mixed-use, office, and multifamily properties — directly comparable in geography, project scale, and integrated development/construction model; notably partnered with Urban Sites on The Hayden.
• The Model Group: Cincinnati-based real estate developer specializing in urban mixed-use, mixed-income, and historic-revitalization projects — a close comparable in both product type and Over-the-Rhine focus.
• NorthPointe Group: Ohio-based multifamily developer and property manager with substantial affordable-housing (LIHTC) and mixed-income portfolio — directly comparable in vertical integration, affordable-housing expertise, and Midwest geography.
• The NRP Group: Cleveland-based national multifamily developer with large affordable and mixed-income pipeline — comparable in product mix (LIHTC-driven multifamily + market-rate), development + property management integration, and Ohio/Midwest footprint.
• The Community Builders: National nonprofit developer of mixed-income urban housing, including affordable LIHTC units and mixed-use projects — directly comparable for affordable/mixed-income urban development expertise and partnership-based deal sourcing.
• Woda Cooper Companies: Midwest-based affordable housing developer with LIHTC, USDA Rural Development, and mixed-income expertise — comparable as an affordable-housing-focused developer with integrated property management.
• Pennrose: Mid-Atlantic-rooted multifamily developer with strong mixed-income and affordable-housing practice and in-house property management — comparable in product mix and integrated operating model.
• Dominium: Large affordable-housing developer and manager with deep LIHTC pipeline across multiple states — comparable for affordable-housing underwriting, tax-credit structuring, and property management scale.

Broad incumbents

• The Related Companies: National, full-service real estate firm with major affordable, mixed-income, and mixed-use developments across the U.S. — comparable on the affordable/mixed-income product axis but at far larger scale and broader geography than Urban Sites.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/urban.sites
• Xx.com/urbansites
• LinkedInlinkedin.com/company/urban-sites

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Urban Sites