The Lannan Company

What The Lannan Company does

The Lannan Company is a privately held, founder-owned real estate investment and property management firm incorporated in New Hampshire in 1996 by Richard G. Lannan, building on his real estate career that began in 1978. The company owns, operates, and directly manages a diversified portfolio of more than 300 rental units across four asset classes: residential apartments (studio and one-bedroom units at 92 Main Street and 184 Main Street in downtown Nashua, NH, starting at $1,450/month), small-format office and artist-studio suites (at 92, 174, and 184 Main Street, starting at $300/month with heat included), commercial and retail plazas (Flagstone Crossing in Hudson, Greystone Plaza in Nashua, Newport Shopping Plaza in Newport, and Monadnock Plaza in Peterborough, totaling tens of thousands of square feet and anchored by national tenants such as Dollar General, Starbucks, Sherwin Williams, Jersey Mike's, DCU, Enterprise, and Rockland Trust alongside local SMBs), and two manufactured housing communities (Amherst Gardens, a 53-lot family community in Amherst, NH, and Meadowbrook Acres, a 95-lot 55+ community in Brimfield, MA, with lot rents of approximately $540–$555/month including utilities and grounds maintenance).

The business operates a direct landlord model with no third-party distribution, no app, and no digital platform beyond a marketing website and Facebook page. All tenant relationships are managed via phone and in-person contact through a four-person core team (President/Owner Richard G. Lannan, Vice President Harry A. Dumont Jr., Controller Shayla Dumont, Maintenance Manager Chuck Courtois, plus an onsite manager at Meadowbrook Acres). Revenue is generated entirely through recurring monthly rental income streams — apartment, office, retail, and manufactured housing lot rents — across southern New Hampshire and Brimfield, Massachusetts.

The company's growth strategy is buy-and-hold-plus-acquire: it has purchased investment properties every few years since inception (notably 86-98 Main Street in 2010, Monadnock Plaza in 2013, Newport Shopping Plaza in 2015, the Flagstone Crossing site in Hudson in 2020 with expansion in 2022, and most recently Greystone Plaza on October 14, 2025), and has obtained approvals for more than 300 future residential units. The firm is self-funded by the founder and is closely identified with downtown Nashua revitalization, evidenced by Richard Lannan's recognition as Greater Nashua Chamber of Commerce Business Leader of the Year and Citizen of the Year in 2023.

Name

The Lannan Company

Legal name

The Lannan Company, Inc.

Website

https://lannancompany.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

The Lannan Company is a privately held Nashua, NH real estate investment firm that owns and directly manages 300+ rental units across residential apartments, office suites, retail plazas, and manufactured housing communities in southern New Hampshire and Brimfield, Massachusetts.

Ownership category

akta.pro rank

Product category

Commercial Real Estate & Property Management

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311), Nonresidential Property Managers (531312), Rental and Leasing Services (532)

SIC

Real Estate (6500), Operators Of Apartment Buildings (6513), Operators Of Nonresidential Buildings (6512), Real Estate Dealers (For Their Own Account) (6532)

akta.pro industry

PRIMARYBPAJAMAD

Multifamily & Student Housing Asset Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Asset & Portfolio Management

SECONDARYBPAJAFAA

Multifamily Apartment Property Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Residential Property Management

SECONDARYBPAJAMAA

Residential Real Estate Asset Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Asset & Portfolio Management

Keywords

• Commercial real estate
• Residential property management
• Manufactured housing communities
• Apartment rental services
• Retail leasing services

Headquarters

HQ city

Nashua

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Apartment Rental Income: Monthly rental income from residential apartment units located at 92 Main Street and 184 Main Street in downtown Nashua, NH. Studio and one-bedroom units with rents starting at $1,450 per month, parking included.
2. Office Space Rental Income: Monthly rental income from office suites at 92 Main Street, 174 Main Street, and 184 Main Street in downtown Nashua. Offers single and multi-room office suites with rents starting at $300 per month, heat included.
3. Commercial/Retail Rental Income: Rental income from retail spaces at Flagstone Crossing (Hudson, NH), 86-98 Main Street and 170-186 Main Street (Nashua, NH), Greystone Plaza (Nashua, NH), Newport Shopping Plaza (Newport, NH), and Monadnock Plaza (Peterborough, NH). Mix of national tenants (Dollar General, Enterprise, Sherwin Williams, Starbucks, Jersey Mike's, etc.) and local businesses.
4. Manufactured Housing Lot Rental Income: Monthly lot rental income from manufactured housing communities: Amherst Gardens (53 lots at $555/month as of 4/1/25) and Meadowbrook Acres (95 lots at $540/month as of 5/1/25). Lot rent includes plowing, landscaping, septic maintenance.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

The Lannan Company is a real estate investment and property management firm that owns, operates, and leases a diversified portfolio of residential apartments, office suites, retail/commercial properties, and manufactured housing communities across southern New Hampshire and Massachusetts. Its offerings include studio and one-bedroom apartment rentals in downtown Nashua, NH; single and multi-room office suites; retail plazas in Hudson, Nashua, Newport, and Peterborough, NH; and two manufactured housing communities (Amherst Gardens and Meadowbrook Acres). The company manages over 300 rental units and continues to actively pursue acquisition of additional commercial and residential properties.

Product overview

The Lannan Company is a real estate investment and property management firm formed in 1996, offering a diversified portfolio of residential and commercial real estate products. The company's core offerings include apartment rentals at 92 Main Street and 184 Main Street in downtown Nashua, NH; office space leasing at multiple Main Street locations; commercial/retail properties including Flagstone Crossing (Hudson, NH), Greystone Plaza (Nashua, NH), Newport Shopping Plaza (Newport, NH), and Monadnock Plaza (Peterborough, NH); and manufactured housing communities including Amherst Gardens (53-unit family community in Amherst, NH) and Meadowbrook Acres (95-lot 55+ retirement community in Brimfield, MA). The company manages over 300 rental units and is actively involved in downtown Nashua development.

Differentiator

Problem solved

Functional benefit

Products and services

• 92 Main Street Apartments Studio and one-bedroom apartments on the 3rd floor in downtown Nashua, NH with hardwood floors, heat and hot water included. Rents start at $1,450+/month with parking included. Targeted at individuals and small households seeking downtown rental housing.
• 184 Main Street Apartments Studio apartments on the 3rd and 4th floor in downtown Nashua, NH with approximately 340 sq ft units including heat, hot water, electricity, on-site laundry, and elevator access. Rents start at $1,450+/month. Targeted at individuals seeking downtown studio rental housing.
• 174/184 Main Street Office Space Office and artist studio space in the heart of downtown Nashua with elevator access, nearby parking, various unit sizes, and multiple room suites. Heat is included. Rents start at $300/month. Targeted at small businesses, startups, law firms, counseling offices, and artists seeking downtown office space.
• 92 Main Street Office Suites Office suites in the heart of downtown Nashua with various size units and multiple room suites. Heat is included. Rents start at $300/month. Targeted at small businesses, professionals, and other office tenants seeking flexible downtown space.
• Flagstone Crossing A 17,900 sf retail plaza in Hudson, NH consisting of two buildings on Flagstone Drive. Tenants include DCU, BOSS Blow Dry Bar, Greenwood Dental, Jersey Mike's, Lux Nails, Hudson Brews, Starbucks, The Nail Loft, and American Family Care. Targeted at national retail chains and local commercial tenants.
• 86-98 Main Street Retail Commercial retail buildings in downtown Nashua, NH. Current tenants include Rockland Trust, Giant of Siam, Casa Vieja Mexican Grill, and Nashua Area Artists' Association. Targeted at retail and restaurant tenants and community organizations.
• 170-186 Main Street Retail Commercial retail buildings in downtown Nashua, NH. Current tenants include Tostao's Tapas-Bar, Fay's Fine Cabinetry, Retro Rollo's Collectibles, Fresh of Nashua, Vibe Yoga, and Pompanoosuc Mills. Targeted at retail, restaurant, fitness, and specialty tenants.
• Greystone Plaza Commercial retail plaza at 650 Amherst Street in Nashua, NH. Current tenants include Sherwin Williams, Ideal Nail & Beauty, Cindia Jackson, Live Free or Dine, Wild Birds Unlimited, Bazaar Game Trading, Tiffany Cleaners, Platinum Tan, One Main Financial Group, Artistic Tile, Annie's Book Stop of Nashua, Cosmo Prof, and Lilac Blossom Restaurant. Targeted at national retail brands and local commercial tenants.
• Newport Shopping Plaza Shopping plaza at 17-53 John Stark Highway in Newport, NH. Current tenants include Lee's Nails, Action Plumbing Heating and Air, Wiggle Branch Dog Training, NH Public Defender, H&R Block, The Thrift Shop, The Trading Post, Best Dressed Laundry, The Magic Mushroom, Millie's Place, Plaza Pizza, Green Mountain K9, Wags and Wiggles Rescue, and Twin State Realty. Targeted at retail, services, and professional tenants.
• Monadnock Plaza A 14-unit shopping center totaling approximately 41,000 square feet with 175+/- parking spaces at 1 Jaffrey Road on Route 202 South in Peterborough, NH. Current tenants include Dollar General, Enterprise Rent-A-Car, Lifelong Athlete, Bantam Grill, and Pearl Restaurant. Targeted at national retail chains and local restaurant/retail tenants.
• Amherst Gardens A 53-unit family manufactured housing community on 464 Boston Post Road in Amherst, NH situated on over twelve acres. Lot rent is $555/month as of 4/1/25 and includes trash collection, plowing of roads, common area landscaping, and maintaining each on-site septic system. Targeted at families seeking affordable manufactured housing with bundled lot services.
• Meadowbrook Acres A 95-lot, 55+ retirement manufactured housing community on Route 20 in Brimfield, MA with an onsite clubhouse. Lot rent is $540/month as of 5/1/25 and includes plowing of roads, common area landscaping, and maintaining onsite well and septic systems. A trash collection area is available. Targeted at 55+ retirees seeking affordable community manufactured housing.

Named customers14 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Federal Realty Investment Trust: A publicly-traded retail REIT focused on grocery-anchored and mixed-use open-air centers in affluent U.S. markets — comparable for the open-air Main Street retail and shopping plaza assets in Lannan's portfolio.
• Sun Communities: A publicly-traded REIT that owns and operates manufactured housing communities, marinas, and RV resorts — comparable for the manufactured housing lot rental portion of Lannan's portfolio.
• Brixmor Property Group: A publicly-traded shopping center REIT that owns and operates open-air retail centers across the U.S. — broadly comparable for the retail plaza portion of Lannan's portfolio (Monadnock, Newport, Flagstone Crossing, Greystone).
• Equity Residential: A large publicly-traded multifamily REIT focused on urban and high-density apartment rentals — comparable for the downtown Nashua apartment rental assets in Lannan's portfolio.
• AvalonBay Communities: A publicly-traded multifamily REIT that develops, acquires, and operates apartment communities — broadly comparable for Lannan's residential apartment rental operations in downtown Nashua.
• Equity LifeStyle Properties: A publicly-traded REIT focused on manufactured housing communities and RV resorts — directly comparable to Lannan's Amherst Gardens and Meadowbrook Acres manufactured housing communities.

Direct peers

• Calare Properties: A private Massachusetts-based real estate investment firm that acquires, manages, and operates commercial and multifamily assets across New England — directly comparable in fund-style acquisitions and active management approach.
• Winstanley Enterprises: A privately-held New England-based real estate investment and management firm that acquires and operates commercial, residential, and mixed-use properties — closely comparable in scale, geography, and vertically-integrated owner-operator model to The Lannan Company.
• The Schochet Companies: A privately-held New England real estate owner and operator focused on multifamily and mixed-use properties — comparable as a regional, owner-operated property investment and management firm.

Regional players

• The Wilder Companies: A privately-held New England commercial real estate developer, owner, and manager of office, retail, and industrial properties — comparable as a regional owner-operator of mixed commercial real estate in similar geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/LannanCompany
• LinkedInlinkedin.com/company/the-lannan-company-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Lannan Company