RLJ Management

What RLJ Management does

RLJ Management Co., Inc. is a privately held Ohio corporation founded in 1984 and headquartered in Columbus, Ohio. The company specializes in property management for affordable housing, with a portfolio of 200+ properties and 8,400+ units across 11 to 12 states. Approximately 32% of properties under management are owned by third-party (non-affiliated) owners, with the balance affiliated with the company's ownership group. Reported occupancy is 97% and the company employs between 101 and 250 people across regional, accounting, and compliance functions.

The company's core service is fee-based property management for affordable housing portfolios built primarily under Section 42 Low-Income Housing Tax Credit (LIHTC), USDA Rural Development 515/538, HUD, HOME Investment Partnerships, and tax-exempt bond programs. Service lines now extend beyond standard property management to include new construction project oversight (projects such as Baroney Place, Highland Hill, St. James Place, Elmhaven, and Lynn Drive) and rehabilitation project management (Deer Wood Apartments, Logan Apartments, and others). The compliance function is led by a dedicated Compliance Director, reflecting the regulatory intensity of the affordable housing segment.

RLJ generates revenue through property management fees charged to property owners, with rates and ancillary fee structures not publicly disclosed. The customer base is bifurcated between affiliated owners (the majority of the portfolio) and third-party non-affiliated owners, including non-profit boards and LIHTC investor syndicates. The company's recent strategic activity—geographic expansion into North Carolina, a partnership with Buckeye Community Hope Foundation, and active new construction and rehabilitation engagements—indicates measured incremental expansion of footprint and service line rather than a pivot in business model.

Name

RLJ Management

Legal name

RLJ Management Co., Inc.

Website

http://www.rljmgt.com/

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

101–250 employees

Short description

RLJ Management is a real estate company that manages apartment properties focused on affordable housing programs.

Ownership category

akta.pro rank

Product category

Affordable Housing Property Management

NAICS

Services to Buildings and Dwellings (5617), Other Community Housing Services (624229), Services for the Elderly and Persons with Disabilities (624120)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

akta.pro secondary industry

Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Affordable housing management
• Property management services
• Government housing compliance
• Residential property management
• Affordable apartment housing

Headquarters

HQ city

Columbus

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Property Management Fees: RLJ Management generates revenue through management fees charged to property owners for managing affordable housing properties. A significant portion of properties are owned by RLJ affiliates, providing stable management fee income. Additionally, 32% of their portfolio consists of contracts with non-affiliated owners and not-for-profit boards.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

RLJ Management provides full-service property management for affordable apartment communities across an eleven-state region. The company manages 200+ communities containing 8,400+ residential units that participate in federal and local affordable housing programs, including Low Income Housing Tax Credits (LIHTC), USDA Rural Development Section 515 and 538, HUD-assisted housing, and HOME Investment Partnership Program properties. Services include daily operations oversight, regulatory compliance management, financial reporting, and resident service coordination for seniors, families, and individuals with disabilities.

Product overview

RLJ Management offers a comprehensive affordable housing property management platform operating across an eleven-state region. The core offering consists of property management services for over 200 communities containing 8,400+ units, with a focus on affordable housing programs under Federal and local housing authorities, Low Income Housing Tax Credits, USDA Rural Development, and HUD assistance. The platform is supported by Service Coordination services, new construction and rehabilitation project management capabilities, and strong compliance oversight. The company maintains a 97% occupancy rate and serves seniors, families, and individuals with disabilities.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 97% occupancy rate maintained consistently

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Buckeye Community Hope FoundationcoreStrategic or Co-development PartnerBuckeye Community Hope Foundation serves as RLJ Management's supporting property development company partner. The foundation is involved in developing and supporting affordable housing communities that are managed by RLJ. This partnership enables RLJ to access new property development opportunities while providing BCHF with professional property management services.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• WinnCompanies: Largest U.S. affordable and mixed-income housing manager, operating tens of thousands of units across multiple states. Closely comparable to RLJ in LIHTC, HUD, and affordable housing program expertise, though at significantly greater scale and broader geography.
• The Michaels Organization: Major affordable and market-rate apartment manager with a large LIHTC and subsidized housing portfolio nationwide. Directly comparable to RLJ in serving owners of regulated affordable housing communities, but with a larger and more geographically diversified footprint.
• Related Management Company: National property manager affiliated with The Related Companies, managing a substantial affordable and workforce housing portfolio. Comparable to RLJ in regulatory complexity and resident-service orientation, with greater scale and broader geographic reach.
• Conifer Realty: Affordable and mixed-income housing manager and developer operating across the Northeast and Mid-Atlantic. Comparable to RLJ in LIHTC-focused property management and resident services, though with stronger regional concentration.
• Beacon Communities: National affordable housing owner, developer, and manager with a sizable LIHTC portfolio. Directly comparable to RLJ's development-plus-management model and reliance on federal affordable housing programs.
• Woda Cooper Companies: Affordable housing developer and manager focused on LIHTC, USDA RD, and HUD properties across multiple states. Highly comparable to RLJ's program mix and third-party management contract approach.
• Gene B. Glick Company: Midwest-based multifamily and affordable housing manager with a long operating history. Comparable to RLJ in Midwest geographic concentration, multifamily/LIHTC portfolio composition, and long-tenured private ownership.
• Wallick Communities: Family-owned affordable and senior housing developer and manager with Midwest/Mid-Atlantic presence. Directly comparable to RLJ in serving LIHTC and HUD-assisted properties and in private, multi-generational ownership.
• National Church Residences: Nonprofit senior housing owner and manager operating affordable housing, assisted living, and service-enriched communities. Comparable to RLJ's senior-resident focus, Service Coordination program, and mission-driven affordable housing orientation.
• Volunteers of America (VOA) National Services: Nonprofit provider that owns and manages affordable and supportive housing across the U.S. Overlaps with RLJ in serving low-income seniors, families, and persons with disabilities through federally subsidized housing programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/RLJMGMT

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 RLJ Management