Towne Properties
Towne Properties is a Cincinnati-based, family-owned integrated real estate firm that develops, builds, and manages a 119-property residential, commercial, and HOA/COA portfolio across Ohio, Indiana, Kentucky, and North Carolina via eight district offices.
- Company typePrivate
- Founded1964
- HeadquartersCincinnati, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Towne Properties does
Towne Properties is a privately held, family-owned integrated real estate company headquartered in Cincinnati, Ohio, that delivers property development, construction, renovation, and management services across Ohio, Indiana, Kentucky, and North Carolina. The firm manages a portfolio of 119 residential, commercial, and association properties through dedicated district offices in each operating state, serving individual renters, homeowners associations, condominium associations, and commercial property owners. Core service lines are organized into Property Management, Association Management, Commercial Management, Recreation Management, Property Development, Construction, and Property Renovation, with an internal learning platform (Towne University) supporting workforce development.
The company operates a direct-to-consumer and direct-to-enterprise go-to-market model: prospective residents search and apply for apartments through the corporate website and the RentCafe/Yardi listing platform, while property owners and HOA/COA boards are reached through direct sales relationships with the district offices. Revenue streams combine managed-services fees (occupancy, expense, and NOI optimization across rental, commercial, and association portfolios), professional-services revenue from development and construction, and commercial leasing income. Pricing is property-specific, with apartment rents disclosed in a $739 to $9,200 monthly band depending on unit size and market.
The technology stack is built around Yardi's RentCafe ecosystem, providing online applications, resident portals (apartments, commercial, and HOA/COA), and property search; no proprietary platform, public API, or AI/ML capability is documented. The firm is led by founder Neil K. Bortz as Chairman with second-generation CEO Adam Bortz, and remains wholly family controlled with no institutional or PE ownership disclosed.
Towne Properties firmographics
Firmographics- Name
- Towne Properties
- Legal name
- Towne Properties Asset Mgt Co
- Website
- https://towneproperties.com
- Company type
- Private
- Founded year
- 1964
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Towne Properties is a Cincinnati-based, family-owned integrated real estate firm that develops, builds, and manages a 119-property residential, commercial, and HOA/COA portfolio across Ohio, Indiana, Kentucky, and North Carolina via eight district offices.
- Ownership category
- akta.pro rank
Towne Properties industry classification
Industry- Product category
- Real Estate Property Management
- NAICS
- Residential Property Managers (531311), Real Estate Property Managers (53131), Nonresidential Property Managers (531312)
- SIC
- Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Multifamily Apartment Property Management (BPAJAFAA)
- akta.pro secondary industry
- Homeowners Association (HOA) Management (BPAJAHAB)
Keywords
Where Towne Properties is headquartered
LocationHeadquarters
- HQ city
- Cincinnati
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
Towne Properties business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Property Management Fees: Revenue generated from managing residential apartments, commercial properties, and HOA/COA associations. Services include occupancy management, expense optimization, and NOI improvement.
- Property Development: Revenue from developing new residential and commercial properties, including property renovation and construction services.
- Commercial Leasing: Revenue from managing and leasing commercial spaces to tenants, including the 8,000 sq ft former Jeff Ruby Lempicka space.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Monthly apartment rentals ranging from $739 to $9,200 depending on property, unit size, bedrooms, and amenities |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Towne Properties product offering
Product offeringCore offering
Towne Properties is an integrated real estate company offering property development, construction, renovation, and ongoing management services for residential, commercial, and HOA/COA properties. It manages a portfolio of 119 properties across Ohio, Indiana, Kentucky, and North Carolina, providing occupancy management, expense optimization, NOI improvement, association administration, and commercial leasing. It also rents residential apartments directly to individuals via the RentCafe platform.
Product overview
Towne Properties operates as an integrated real estate company offering a comprehensive suite of services organized around property development, management, and investment. The company provides Property Management, Association Management, Commercial Management, and Recreation Management as its core service lines, supported by Property Development, Construction, and Property Renovation capabilities. The company manages a portfolio of 119 residential properties across Ohio, Kentucky, Indiana, and North Carolina through the RentCafe platform. The service portfolio is complemented by Towne University, an internal training platform for employee development. The company operates under the tagline 'Great Places to Live, Work, Shop, and Play' and has been in operation for over sixty years.
Differentiator
Problem solved
Functional benefit
Products and services
- Property Management Comprehensive property management services for residential communities, including occupancy optimization, expense management, and NOI improvement for property owners.
- Association Management Professional HOA and COA association management services handling day-to-day community activities, board support, rule enforcement, and community operations.
- Commercial Management Commercial property management and leasing services designed to maximize property value while maintaining tenant satisfaction for commercial property owners.
- Recreation Management Management services for recreational facilities and amenities within managed properties.
- Property Development Real estate development services creating new residential and commercial properties across Ohio, Kentucky, Indiana, and North Carolina, including LEED-certified projects.
- Construction Construction services for property development projects with a focus on execution quality.
- Property Renovation
Companies that use Towne Properties
Customer profileSegments3 records
Ideal customer profiles3 records
Towne Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Towne Properties partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor.
- Adopt A ClassminorNon-profit organization founded in 2003 that connects businesses with students in economically challenged schools, providing exposure to life and career experiences.
- Apartment Association OutreachminorOrganization building stable families and communities by providing housing, food, school supplies, and continuing education support to those in need.
- ArtswaveminorFunds and supports 100+ arts projects and organizations through impact-based grants, creating arts experiences that connect the Greater Cincinnati region.
- Blood Cancer United / Light The Night WalkminorOrganization funding treatments, providing patient support, advocating for lifesaving treatments, and pioneering cancer research through fundraising events.
- United Way of Greater CincinnatiminorCommunity organization that leads and mobilizes individuals and organizations to help people measurably improve their lives.
- A Kid AgainminorOrganization helping families of children with life-threatening illnesses by providing year-round events and memories that last a lifetime.
- Christ Temple Baptist Church / Evanston Bulldogs FootballminorLocal partnership with the church led by Pastor Peter Mingo, son of a former Towne Properties employee, supporting the Hoffman School and Evanston Bulldogs Football team for over 20 years.
Scale indicators4 records
Recent moves5 records
Expansion highlights4 records
Towne Properties competitors and assessment
Company assessmentDirect peers
- FirstService Residential: FirstService Residential is a leading property manager for condominium, HOA, and cooperative communities — a direct peer in association management and residential property services.
- FPI Management: FPI Management is a multifamily property management company operating across the U.S., directly comparable to Towne's residential property management core business with similar fee-based managed services model.
- RPM Living: RPM Living is a national multifamily property management firm providing comparable residential property management services, overlapping with Towne's core apartment management portfolio.
- Village Green: Village Green is a multifamily property management company with similar integrated management-plus-development services, directly competing with Towne in the residential apartment space.
- Associa: Associa is the largest U.S. HOA and community association management company, directly comparable to Towne's Association Management service line for HOA/COA boards.
Broad incumbents
- Greystar Real Estate Partners: Greystar is the largest apartment manager globally with integrated investment, development, and management — a broad incumbent operating at much greater scale across all of Towne's service lines.
- Lincoln Property Company: Lincoln Property Company is a diversified national real estate firm offering residential and commercial management, development, and investment services — overlapping with Towne's integrated offering but at national scale.
Regional players
- Wallick Communities: Wallick Communities is an Ohio-based integrated real estate company offering multifamily development, management, and affordable housing — a regional peer competing with Towne in the Midwest.
- Pedcor Companies: Pedcor Companies is an Indiana-based integrated real estate firm with development, construction, and property management — a regional Midwest peer with similar integrated service profile.
- The NRP Group: The NRP Group is a multifamily developer, builder, and property manager headquartered in Cleveland, Ohio — a regional peer with comparable integrated development-and-management model in overlapping Midwest markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Towne Properties social profiles
Digital presenceTowne Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
Towne Properties leadership team
Management profileNumber of profiles
Profiles2 records
Towne Properties funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Towne Properties M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Towne Properties
What does Towne Properties do?
Towne Properties is an integrated real estate company offering property development, construction, renovation, and ongoing management services for residential, commercial, and HOA/COA properties. It manages a portfolio of 119 properties across Ohio, Indiana, Kentucky, and North Carolina, providing occupancy management, expense optimization, NOI improvement, association administration, and commercial leasing. It also rents residential apartments directly to individuals via the RentCafe platform.
Is Towne Properties a public or private company?
Towne Properties is a private company. It is classified as family owned and is currently operating.
When was Towne Properties founded?
Towne Properties was founded in 1964. It employs 501 to 1,000 people.
Where is Towne Properties based?
Towne Properties is headquartered in Cincinnati, United States, in the North America region.
How does Towne Properties make money?
Three revenue lines are on record. Property Management Fees are the primary driver. The others are property Development and commercial Leasing.
Who are Towne Properties's main competitors?
Direct peers on record are FirstService Residential, FPI Management, RPM Living, Village Green and Associa. Broad incumbents are Greystar Real Estate Partners and Lincoln Property Company. Regional players are Wallick Communities, Pedcor Companies and The NRP Group.
Does Towne Properties have an API?
No public API is recorded for Towne Properties.
What industry is Towne Properties in?
Towne Properties's product category is Real Estate Property Management. Its primary akta.pro industry code is BPAJAFAA, Multifamily Apartment Property Management, with a secondary code of BPAJAHAB, Homeowners Association (HOA) Management. Its NAICS code is 531311 and its SIC code is 6513.