The Altman Companies

What The Altman Companies does

The Altman Companies is a Florida-based, vertically integrated real estate firm that develops, constructs, manages, and asset-manages multifamily apartment communities and mixed-use developments primarily across Florida and the Eastern United States. Founded in 1968 by Joel Altman in East Lansing, Michigan (relocating to South Florida in 1978), the company operates two distinct platforms: Altman Living, which develops and manages the Altís brand of upscale mid-rise and garden-style apartment communities, and Altman Ventures, which originates strategic investments in high-quality rental housing alongside experienced developers. Since 1968, Altman Living and its predecessors have developed over 28,000 apartment homes, with the leadership team collectively managing over $10 billion in assets across underwriting, acquisitions, development, and dispositions. The company is a wholly owned subsidiary of BBX Capital, Inc. (BBXIA), which acquired a 50% stake in 2018 and the remaining 50% in 2023 before rebranding its real estate division as Altman in 2024.

The company's business model combines one-time development fees and project sale proceeds with recurring property management and asset management fees. It monetizes projects through two primary paths: sale of completed communities to institutional buyers (GID, LaSalle Investment Management, AvalonBay Communities) and retained ownership of stabilized assets managed in-house. Construction management and asset management services are performed by dedicated in-house teams, enabling vertical integration across the asset lifecycle. Altman serves a dual customer base: institutional capital partners (pension funds, life insurance companies, private equity firms, banks) for development joint ventures and dispositions, and individual residential renters for direct leasing at Altís-branded communities. The company has documented relationships with 20+ leading institutional capital providers including JPMorgan, CalPERS, MetLife, PNC, Northwestern Mutual, and GID. The current product portfolio spans stabilized, lease-up, under-development, and completed multifamily communities across Florida, master-planned single-family communities (Beacon Lake, Bonterra), and mixed-use developments (Alton Cutler Bay, Alton Biscayne, Boca Raton Mixed-Use, PGA Station).

In 2025, Altman divested its logistics properties platform, reinforcing a strategic focus on multifamily real estate. The firm is led by CEO Seth Wise, CIO Andrew Meran, CSO Tim Peterson, and CFO Conor Tamms, with 251-500 employees supporting operations across Fort Lauderdale-headquartered corporate functions and field operations at property sites.

Name

The Altman Companies

Legal name

The Altman Companies LLC

Website

https://altmancos.com

Company type

Public

Founded year

1968

Operating status

Operating

Headcount range

251–500 employees

Short description

The Altman Companies is a Florida-based vertically integrated real estate firm developing and managing multifamily apartment communities and mixed-use projects across Florida and the Eastern U.S., serving institutional capital partners and individual renters through its Altman Living and Altman Ventures platforms.

Ownership category

akta.pro rank

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Real Estate Development: Altman develops multifamily apartment communities, single-family home communities, and mixed-use properties. Revenue is generated through development fees, sale of completed communities to institutional buyers (GID, LaSalle Investment Management, AvalonBay Communities), and retained ownership of operating properties.
2. Property Management: Altman manages its apartment communities through dedicated property management teams, generating recurring management fee revenue from owned or partnered properties.
3. Asset Management: Altman provides asset management services for joint venture properties, overseeing investment performance, portfolio oversight, and value optimization for institutional capital partners.
4. Construction Management: Altman's vertically integrated platform includes construction management teams that oversee development construction from groundbreaking to final delivery.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

The Altman Companies is a vertically integrated real estate firm that develops, constructs, manages, and asset-manages multifamily apartment communities under the Altís brand through its Altman Living platform, and originates strategic investments and joint ventures in rental housing through its Altman Ventures platform. Since 1968, the company has developed over 28,000 apartment homes in Florida and the Eastern United States, with deep institutional relationships to source equity and debt capital.

Product overview

The Altman Companies is a vertically integrated real estate company operating two distinct platforms: Altman Living and Altman Ventures. Altman Living develops, constructs, and manages multifamily apartment communities under the Altís brand, having developed over 28,000 apartment homes since 1968, with boutique mid-rise and garden-style communities offering resort-style amenities and high-touch services. Altman Ventures focuses on strategic investment origination, development, and asset management in high-quality rental housing and logistics properties across Florida and the Eastern United States. The product portfolio includes multiple named property lines: the Altís brand of apartment communities (stabilized, lease-up, under development, and completed properties across Florida), master-planned single-family communities (Beacon Lake, Bonterra), mixed-use developments (Boca Raton Mixed-Use, Alton Biscayne, Alton Cutler Bay, PGA Station), and for-sale housing communities (Bonterra Homes, The Village at Victoria Park, The Addison on Millenia). The company also operates proprietary property management, development, construction management, and asset management functions internally.

Differentiator

Problem solved

Functional benefit

Brands

• Altís: Boutique mid-rise and garden-style apartment communities offering resort-style amenities and high-touch services under the Altman Living platform.

Products and services

• Altman Living Vertically integrated multifamily apartment community development, construction, and management platform. Creates boutique mid-rise and garden-style apartment communities under the Altís brand with resort-style amenities, modern design, luxury finishes, and high-touch services for residents.
• Altman Ventures Strategic investment origination and asset management platform targeting rental housing and for-sale housing in MSAs with strong fundamentals, job growth, and rising household formation. Partners with experienced developers to generate attractive risk-adjusted yields through joint ventures and co-investments.
• Altís Apartment Communities
• Alton Cutler Bay Under-development mixed-use community in Princeton, Florida, featuring 330 luxury rental residences with one-, two-, and three-bedroom floor plans, a standalone clubhouse, resort-style amenities, approximately 85,000 square feet of retail space anchored by Publix, and an approximately 46,000-square-foot emergency center and medical office campus.
• Alton Biscayne Under-development luxury rental community in North Miami, Florida, anticipated to feature 336 rental units including eight townhome flats and a 12-story residential tower with one-, two-, and three-bedroom residences, a co-working space, a 6,500-square-foot clubhouse, and a 10,000-square-foot pool and outdoor amenity deck.
• Boca Raton Mixed-Use Development Planned mixed-use development on an approximately 11.7-acre site in Boca Raton, Florida, including a 290-unit apartment community in a seven-story building, 2,000 square feet of retail space, and approximately 71,624 square feet of warehouse/office space across two buildings.
• Beacon Lake Master-Planned Community Master-planned community of approximately 632 acres in northern St. Johns County, Florida, comprising 1,280 single-family homes and 196 townhomes, with a 43-acre lake as the centerpiece for outdoor recreation.
• Bonterra Master-Planned Community Master-planned community of approximately 128 acres in Hialeah, Miami-Dade County, Florida, comprising 1,171 single-family homes, villas, townhomes, and apartments, with amenities including a clubhouse, fitness center, resort pool, parks, and a 15-acre lake.
• Property Management Services
• Asset Management Services
• Construction Management Services

Quantifiable outcome

• 28,000+ apartment homes developed since 1968
• +2 more outcomes

Named customers4 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

Partnerships

Eleven partnerships are on record, tiered major and core.

• CC Homes (Codina-Carr Company)majorStrategic or Co-development Partner · 1 January 2014Joint venture partner since 2014 for Bonterra Homes development in Hialeah, FL (394 single-family homes, completed 2017).
• Kolter MultifamilycoreStrategic or Co-development PartnerJoint venture partner for Alton Cutler Bay (330 luxury rentals in Princeton, FL) and Alton Biscayne (336 luxury rentals in North Miami, FL).
• O'Connor Capital PartnerscoreStrategic or Co-development PartnerJoint venture partner for Alton Cutler Bay development. O'Connor Capital Partners developing approximately 85,000 SF of retail space anchored by Publix.
• Baptist Health South FloridamajorStrategic or Co-development PartnerHealthcare system partner at Alton Cutler Bay, developing an approximately 46,000 SF emergency center and medical office campus as part of the mixed-use development.
• RAM Real EstatecoreStrategic or Co-development PartnerJoint venture partner with Altman and Butters Construction for the Boca Raton Mixed-Use Development, redeveloping the Mutual of America Life Insurance office building site.
• Butters Construction & DevelopmentcoreImplementation/ SI/ Consulting PartnerGeneral contractor and development partner for the Boca Raton Mixed-Use Development project.
• MV Real Estate HoldingscoreStrategic or Co-development PartnerJoint venture partner for Altís Ludlam Trail development in Miami, FL (312 apartment homes).
• The Mattoni GroupcoreStrategic or Co-development PartnerJoint venture partner for Altís Ludlam Trail development in Miami, FL (312 apartment homes).
• New Urban CommunitiesmajorStrategic or Co-development PartnerJoint venture partner for The Village at Victoria Park in Fort Lauderdale, FL (30 two-story cluster homes, completed 2018).
• ContraVestcoreStrategic or Co-development PartnerJoint venture partner for The Addison on Millenia in Orlando, FL (292 apartment homes).
• Stiles CorporationmajorStrategic or Co-development PartnerJoint venture partner for PGA Station mixed-use project in Palm Beach Gardens, FL. Re-positioned entitlements and sold components in April 2019.

Scale indicators4 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• ZOM Living: Luxury multifamily developer with strong Florida presence, developing Class A urban and suburban apartment communities. Closely comparable to Altman in luxury positioning and Florida concentration.
• Trammell Crow Residential: National multifamily development arm (now part of CBRE Investment Management) developing Class A apartments in major U.S. metros. Comparable in institutional capital relationships, scale, and product type.
• Crescent Communities: Multifamily developer with portfolio concentrated in the Sunbelt, including Florida. Comparable product type (Class A garden-style and mid-rise), institutional capital relationships, and development scale to Altman.
• Toll Brothers Apartment Living: Multifamily rental subsidiary of Toll Brothers developing luxury apartment communities, primarily in Florida and other Sunbelt markets. Closely comparable in luxury product positioning and joint-venture development model.
• Lennar Multifamily (LMC): Multifamily development arm of Lennar Corporation focused on Class A apartments in U.S. Sunbelt markets. Comparable to Altman in product type, geographic focus on Florida and high-growth metros, and institutional capital structure.
• Wood Partners: National multifamily developer focused on Class A apartment communities across high-growth U.S. markets. Direct competitor to Altman with similar vertical integration, institutional capital partnerships, and luxury mid-rise/garden-style product.
• The Morgan Group: Multifamily developer and investor focused on high-growth U.S. markets with deep institutional capital relationships. Comparable product type, joint-venture development model, and Sunbelt geographic focus to Altman.
• Mill Creek Residential: Multifamily developer and manager operating across the Sunbelt and other high-growth U.S. metros. Highly comparable to Altman in scale, target product type, and reliance on institutional joint-venture capital.

Broad incumbents

• The Related Companies: Large diversified real estate developer with significant multifamily operations across the U.S. including Florida markets. Operates at much greater scale and broader asset-class diversification than Altman, but with overlapping multifamily product.
• Greystar Real Estate Partners: Largest U.S. multifamily operator and developer with vertically integrated investment management, development, and property management. Operates at much greater scale than Altman and competes broadly in Florida and Sunbelt markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks4 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/AltmanCompanies
• LinkedInlinkedin.com/company/the-altman-companies
• Instagraminstagram.com/thealtmancompanies

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Altman Companies