Ross Financial Services

What Ross Financial Services does

Ross Financial Services, Inc., operating under the trade name Ross Real Estate Services, is a privately held, family-owned multi-family property management and real estate services firm founded in 1983 by Eugene 'Bud' Ross as The Ross Group, Inc. and headquartered at 666 Dundee Rd #1703, Northbrook, Illinois. The company manages a portfolio of 17 residential properties totaling over 2,140 units across Illinois (the majority), California (Hotel Oakland, Oakland), and South Carolina (Standpointe Vista, Walhalla), covering garden apartments, townhouses, mid-rise buildings, and senior housing, with a specialization in HUD-financed and affordable multi-family housing that spans more than 30 years. Service offerings are organized into four pillars: Valuation & Acquisition (cost analysis, financing options, development budgets, due diligence, market research), Property Management (maintenance, capital improvements, contract negotiations, construction administration, employee supervision), Agency/Tenant Relations (lease negotiations, rent collection, marketing, resident retention, compliance), and Financial Management (budgeting, cash flow management, accounting, financial reporting, investor relations).

The firm is led by Douglas Ross (President since 2004, son of the founder) and supported by senior personnel including Karl Hilgendorf (Senior Administrator/Analyst, since 1986, HUD regulatory specialist), Jim Weglarz (VP of Development, ex-Illinois Housing Development Authority), Rebecca Smithers (Managing Broker/VP of Operations, since 1992), Dolly Spazio (Comptroller, since 1988), Joseph Westmorland (Maintenance Supervisor, since 1998), and Erica Willis (Regional Supervisor). The go-to-market is relationship-driven direct B2B sales targeting three primary customer personas — property owners, real estate investors, and property developers — across both market-rate and affordable housing segments. Revenue is generated through managed services fees on property management engagements plus fees from valuation, acquisition advisory, and financial management services; pricing is non-public and negotiated on a per-property or contractual basis.

Core technology is not disclosed and no proprietary platform is referenced; operational technology appears to consist of standard property management tools and corporate IT managed internally. The company is family-controlled with no external institutional investors, no parent company, no subsidiaries, no funding rounds, and no public listing. It maintains a professional website (rossres.com), operates from a single Northbrook headquarters, and reports 11-50 employees. The firm's stated differentiators center on deep HUD/state housing regulatory expertise, a multidisciplinary team with advanced degrees in finance, architecture, landscape architecture, property management, and law, and a 'Total Property Management' philosophy that links residents to community services such as health/fitness programs, education, employment training, and child care.

Name

Ross Financial Services

Legal name

Ross Financial Services, Inc.

Website

https://rossres.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

Ross Financial Services is a privately held, Illinois-headquartered multi-family property management firm founded in 1983 that manages over 2,140 residential units across Illinois, California, and South Carolina, specializing in HUD-financed and affordable housing for property owners, investors, and developers.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Real Estate Property Managers (53131), Other Activities Related to Real Estate (531390)

SIC

Real Estate Agents & Managers (For Others) (6531), Investment Advice (6282)

akta.pro primary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

akta.pro secondary industries

Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE), Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE)

Keywords

• Multi-family property management
• Affordable housing management
• Real estate investment services
• HUD-financed property management
• Residential property management

Headquarters

HQ city

Northbrook

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management Services: Ongoing property management fees charged to property owners and investors for full-service management of multi-family residential properties, including maintenance, leasing, financial management, and compliance services.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Ross Financial Services, Inc. provides full-service property management and real estate investment services for market-rate and affordable multi-family housing. The company delivers four integrated service pillars: Valuation & Acquisition (cost analysis, financing options, development budgets, market research, due diligence), Property Management (maintenance, capital improvements, construction administration), Agency/Tenant Relations (lease negotiations, rent collection, marketing, resident retention, compliance), and Financial Management (budgeting, cash flow management, accounting, financial reporting, investor relations). Services are aimed at property owners, real estate investors, and developers across the U.S.

Product overview

Ross Financial Services, Inc. is a full-service real estate management company specializing in market rate and affordable multi-family housing. The company operates a portfolio of 17 distinct residential properties across Illinois, South Carolina, and California, ranging from garden apartments and townhouses to mid-rise buildings, totaling over 2,100 units. The company organizes its service offerings into four integrated pillars: Valuation & Acquisition (cost analysis, financing, market research, due diligence), Property Management (maintenance, capital improvements, construction administration), Agency/Tenant Relations (lease negotiations, marketing, compliance), and Financial Management (budgeting, accounting, investor relations). The company emphasizes a "Total Property Management" approach that links residents with community amenities and services.

Differentiator

Problem solved

Functional benefit

Products and services

• Valuation & Acquisition Services
• Property Management Services
• Agency/Tenant Relations Services
• Financial Management Services

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Greystar Real Estate Partners: The largest multifamily property management and investment firm in the US, managing over 800,000 units globally. Comparable to Ross as a full-service multifamily property manager serving institutional owners, though at vastly greater scale and with a broader national footprint.
• Lincoln Property Company: Major third-party multifamily property manager with a national footprint and full-service offerings (management, leasing, construction). Comparable to Ross in delivering integrated property management and ancillary services to property owners across the US.
• Asset Living: Large third-party multifamily property manager with a national footprint and significant affordable housing exposure. Comparable to Ross across market-rate and affordable property management services for institutional clients.

Direct peers

• WinnCompanies: Multifamily property manager with a strong focus on affordable housing, mixed-income, and military housing. Highly comparable to Ross given specialization in affordable/LIHTC property management and full-service owner offerings.
• The NRP Group: Developer, owner, and manager of affordable and market-rate multifamily housing, with a significant LIHTC portfolio. Comparable to Ross in providing integrated development, ownership, and property management services for affordable multifamily.
• FPI Management: Multifamily property management firm managing over 165,000 units across the US, including affordable and conventional communities. Comparable to Ross as a third-party multifamily manager serving institutional and private owners.
• ConAm Management Corporation: Multifamily property management firm operating a portfolio of conventional and affordable apartment communities, primarily on the West Coast and Mountain West. Comparable to Ross as a full-service multifamily manager with affordable housing expertise.
• Pinnacle Property Management Services: National third-party multifamily property manager managing conventional, affordable, and student housing. Comparable to Ross in providing full-service management to institutional owners across multiple states.
• Bozzuto Group: Integrated real estate services firm providing property management, development, and construction for multifamily communities, including affordable and mixed-income. Comparable to Ross in delivering vertically integrated multifamily services to owners and developers.
• Pegasus Residential: Multifamily property management company managing market-rate and affordable apartment communities for institutional and private owners. Comparable to Ross in third-party multifamily management with a focus on owner returns and operational performance.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/ross-financial-services-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Ross Financial Services