White-Spunner Realty

What White-Spunner Realty does

White-Spunner Realty is a family-owned commercial real estate brokerage and property management firm founded in 1954 by Blacksher White-Spunner and headquartered in Mobile, Alabama. The firm operates across the Gulf Coast region with licensed broker coverage in Alabama, Florida, Louisiana, and Mississippi. It manages over 2.1 million square feet of commercial space across more than 60 retail and shopping centers, reporting a 94% tenancy rate, and brokered more than $60 million in sales and lease value across 87 closings and 67 leases in 2022 alone. Its service mix spans commercial brokerage (sales, leasing, landlord and tenant representation), commercial property management (building maintenance, bookkeeping, tenant acquisition, lease administration), industrial site selection, and development and investment advisory, including 1031 exchange support. Recurring managed-services revenue and transaction-fee brokerage revenue are the two primary revenue streams.

The go-to-market is relationship-driven and sales-led, relying on local market knowledge accumulated over seven decades and broker relationships with national retail tenants (Dollar Tree, Family Dollar, Gerber Collision, Main Event, McAllister's Deli, 7Brew, Goodwill) and institutional REIT landlords (Brixmor, CIM, Site Centers, Inland, Necessity). Pricing is quote-based across both brokerage commissions and property management fees, with management contracts typically running multi-year. Technology is limited to an online tenant portal for rent collection and maintenance requests, drone-based thermal imaging for inspections, and a self-serve property listing portal on the company website; no AI/ML capabilities, public API, or platform integrations are disclosed. The firm maintains a regional scope with no disclosed institutional or private equity backing, and remains under White-Spunner family ownership following the 2024 passing of founder Blacksher White-Spunner.

Name

White-Spunner Realty

Legal name

White-Spunner Realty Corp.

Website

https://white-spunnerrealty.com

Company type

Private

Founded year

1954

Operating status

Operating

Headcount range

11–50 employees

Short description

White-Spunner Realty is a family-owned commercial real estate brokerage and property management firm founded in 1954 in Mobile, Alabama. It serves Gulf Coast clients across Alabama, Florida, Louisiana, and Mississippi, managing over 2.1 million square feet of retail and commercial space while providing brokerage, leasing, and investment advisory services.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Offices of Real Estate Agents and Brokers (53121), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Operators (No Developers) & Lessors (6510), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

akta.pro secondary industry

Real Estate Transaction Advisory & Due Diligence (FSAEAJAJ)

Keywords

• Commercial real estate brokerage
• Commercial property management
• Tenant representation services
• Landlord representation services
• Commercial real estate investment

Headquarters

HQ city

Mobile

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, Technology or R&D, Infrastructure

Revenue model

1. Commercial Brokerage - Sales: Commission-based real estate sales for commercial properties including retail centers, shopping centers, and commercial buildings.
2. Commercial Brokerage - Leasing: Commission-based leasing services for landlords and tenants, including tenant representation and landlord representation for retail, office, and industrial spaces.
3. Property Management: Ongoing property management services for commercial landlords including building maintenance, bookkeeping, tenant acquisition, and lease administration. Manages over 2.1 million square feet of commercial space.
4. Development and Investment Advisory: Strategic advice and partnership for commercial property development and investment, helping clients maximize returns and minimize risks.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

White-Spunner Realty provides commercial real estate brokerage, property management, and development/investment advisory services across the Gulf Coast region. The firm manages over 2.1 million square feet of retail, office, and industrial space and brokers sales, leases, tenant representation, and landlord representation for commercial property owners, tenants, and investors in Alabama, Florida, Louisiana, and Mississippi.

Product overview

White-Spunner Realty offers a comprehensive suite of commercial real estate services focused on the Gulf Coast market. The company operates as a single unified offering rather than a platform-plus-modules architecture. Core services include commercial property management (handling building maintenance, bookkeeping, tenant acquisition, and lease administration), commercial brokerage services (sales, leasing, landlord representation, and tenant representation), industrial site selection, and development/investment advisory services. The company manages over 2.1 million square feet of commercial space and provides additional services such as 1031 exchange guidance for investors. An online tenant portal is available to commercial tenants for electronic rent payments, maintenance requests, and communications.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Property Management

Quantifiable outcome

• 94% tenancy rate with low vacancy
• +4 more outcomes

Named customers14 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• White-Spunner ConstructioncoreStrategic or Co-development Partner · 27 July 2024White-Spunner Construction co-hosts the annual Fishing Day event with White-Spunner Realty for the Boys & Girls Clubs of Southwest Alabama. The construction company organizes captains and lunch for the event, demonstrating the sibling company relationship and shared community commitment.
• Boys & Girls Clubs of South AlabamacoreStrategic or Co-development PartnerLong-standing partnership hosting the annual Fishing Day event for over 12-13 years. Supports youth development through community events and volunteer activities.
• Victory Health PartnersminorStrategic or Co-development PartnerLocal Christian ministry providing healthcare to uninsured adults. White-Spunner team volunteers at charity golf tournaments and facility improvements.
• Fostering Together Gulf CoastminorStrategic or Co-development PartnerNonprofit supporting foster and adoptive families. White-Spunner team volunteers by packing Christmas gift bags and supporting their programs.
• APM Terminals at Port of MobileminorStrategic or Co-development PartnerPart of A.P. Moller-Maersk, operating the Port of Mobile container terminal. White-Spunner team conducted a facility tour as part of market knowledge development. APM Terminals ranks as the second largest port on the Gulf of Mexico.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Stirling Properties: Regional Gulf Coast commercial real estate firm headquartered in Louisiana with brokerage, property management, and development services across the same AL/LA/MS/FL corridor; comparable in scale, services, and tenant mix.
• NAI Global: Global network of independently owned commercial real estate brokerage and property management firms; comparable in offering commercial brokerage, property management, and tenant/landlord representation services.
• SVN International Corporation: Commercial real estate brokerage franchise network offering sales, leasing, and property management across regional markets; comparable in commission-based commercial brokerage and CRE service mix.
• Lee & Associates: Privately held commercial real estate brokerage firm offering sales, leasing, and property management across U.S. regional offices; comparable in mid-market CRE services and landlord/tenant representation.

Broad incumbents

• Colliers International: Global full-service commercial real estate firm offering brokerage, property management, and investment advisory; comparable in core CRE services but at significantly larger scale and broader geographic footprint.
• Cushman & Wakefield: Global commercial real estate services firm with brokerage, property management, and valuation capabilities; competes for the same institutional landlord mandates and large tenant representation engagements.
• CBRE Group: Largest global commercial real estate services firm offering brokerage, property management, and capital markets; competes for national tenant mandates and institutional landlord portfolios that WSR services regionally.
• Marcus & Millichap: Specialized commercial real estate investment sales brokerage focused on retail, office, and multifamily; comparable in commercial investment sales and 1031 exchange-style investor advisory work.
• JLL (Jones Lang LaSalle): Global commercial real estate services and investment management firm with brokerage, property management, and capital markets; competes for institutional CRE mandates in the Gulf South.

Regional players

• Corporate Realty: Gulf South-focused commercial real estate firm with offices in Alabama and Louisiana offering brokerage and property management; direct regional peer operating in overlapping AL/MS/LA markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/whitespunnerrealty
• LinkedInlinkedin.com/company/white-spunner-realty-inc.
• Instagraminstagram.com/whitespunnerrealty
• Xx.com/tjwomack

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 White-Spunner Realty