What Sheehan Company does

Sheehan Company, founded in 1904 in Indianapolis, is a third-generation, family-owned real estate development, construction, and property management firm operating under DBAs Sheehan Companies, Sheehan Property Management, and the legacy Sheehan Construction Company brand. The company develops, builds, and operates multifamily residential properties — including market-rate luxury apartments, conventional apartments, condominiums, affordable housing (with HUD Section 8 Project-Based Assistance), and selected commercial assets such as retail and office space. The firm runs a vertically integrated model with its own construction department handling site supervision, subcontractor relations, and field observation, enabling in-house quality and cost control across the development lifecycle. Leadership remains within the Curtis family: James J. Curtis, Sr. as Chairman; James J. Curtis, Jr. as President; J. Robert Curtis as Vice President; and Charles Townsend as Owner and President of Sheehan Property Management.

The company's operational portfolio consists of 12 named apartment communities concentrated in Indiana, with footprint reaching into Kentucky and Illinois. Nine properties operate as market-rate multifamily (including luxury sub-brands such as The Masters, River Stone, Spruce Ridge, Murphys Landing, Southern Dunes, Arlo, Timbers at County Line, Legends of Wildcat Creek, and Lakeview Court), and three operate as affordable housing under HUD's Section 8 Project-Based Assistance (Cass Plaza and River Bend in Logansport, and Morgan House in Martinsville). Sheehan's technology stack consists of third-party property-specific websites hosted on the LeaseLabs platform, a corporate website, and an online resident portal supporting rent payments, payment history, and maintenance requests; no proprietary technology was disclosed.

Sheehan earns revenue across three streams: (1) long-term property management of owned multifamily communities through rental income from both market-rate and affordable residents; (2) real estate development covering land acquisition, pre-development, and municipal approvals for new multifamily and commercial projects; and (3) construction services delivered by its in-house construction department. The company serves market-rate multifamily residents (working professionals and families), affordable housing residents (Section 8 program participants), real estate investors, and commercial tenants, distributing units direct-to-consumer through on-site leasing offices and property-specific websites. The company's small scale, long history, family control, and absence of venture backing shape a conservative, relationship-driven operating model.

Name

Sheehan Company

Legal name

Sheehan Property Management

Website

https://sheehancompanies.com

Company type

Private

Founded year

1904

Operating status

Operating

Headcount range

101–250 employees

Short description

Sheehan Company is a privately held, family-owned real estate development, construction, and property management firm founded in 1904, operating 12 multifamily and affordable housing communities across Indiana with reach into Kentucky and Illinois.

Ownership category

akta.pro rank

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel

Revenue model

1. Property Management: Long-term property management services for multifamily residential communities, including conventional apartments, affordable housing, and condominiums. Revenue generated through rental income management and property operations.
2. Real Estate Development: Development of multifamily residential properties, including land acquisition, pre-development activities, and coordination with municipalities for approvals. Also includes commercial assets such as retail and office properties.
3. Construction Services: General construction services including site supervision, subcontractor relations, and field observation. The company operates its own construction department for development projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Sheehan Company is a real estate development, construction, and property management firm that develops, builds, and operates multifamily residential apartment communities across Indiana. It sells rental housing directly to consumers through 12 owned properties spanning luxury market-rate apartments, conventional apartments, condominiums, and HUD/Section 8 affordable housing, and provides on-site leasing, resident portals, and maintenance services for residents.

Product overview

Sheehan Company operates a portfolio of 12 apartment communities across Indiana, offering luxury market-rate properties and affordable housing options. The company provides property management services including resident portals for rent payment, maintenance requests, and lease management. Properties span multiple regions: Columbus (River Stone, Spruce Ridge), Indianapolis (Arlo, Murphys Landing, Southern Dunes, The Masters, Timbers at County Line), Kokomo (Legends of Wildcat Creek), Noblesville (Lakeview Court), and affordable housing in Logansport and Martinsville (Cass Plaza, Morgan House, River Bend). The portfolio includes both conventional market-rate apartments and HUD-assisted affordable housing communities.

Differentiator

Problem solved

Functional benefit

Brands

• River Stone: Apartment community in Columbus, Indiana
• Spruce Ridge
• Arlo Apartments
• Murphys Landing
• Southern Dunes
• The Masters
• Timbers at County Line Apartments
• Legends of Wildcat Creek Apartments
• Lakeview Court
• Cass Plaza
• Morgan House
• River Bend

Products and services

• River Stone Luxury apartment community in Columbus, Indiana, featuring gourmet kitchens, large walk-in closets, and spacious open floor plans with natural light, operated as part of Sheehan Property Management.
• Spruce Ridge Apartment community in Columbus, Indiana offering premium amenities and beautiful in-home finishes within the Sheehan portfolio, operated by Sheehan Property Management.
• Arlo Apartments Apartment community in Indianapolis, Indiana managed by Sheehan Property Management as part of its market-rate multifamily portfolio.
• Murphys Landing Luxury apartment community in Indianapolis, Indiana featuring spacious floor plans and premium amenities, operated by Sheehan Property Management.
• Southern Dunes Apartment community in Indianapolis, Indiana with modern finishes and convenient amenities, managed by Sheehan Property Management as part of its market-rate multifamily portfolio.
• The Masters Featured luxury apartment community in Indianapolis, Indiana offering exceptional living spaces and amenities, operated by Sheehan Property Management.
• Timbers at County Line Apartments Apartment community in Indianapolis, Indiana managed by Sheehan Property Management as part of its market-rate multifamily portfolio.
• Legends of Wildcat Creek Apartments Apartment community in Kokomo, Indiana offering quality living spaces in the Sheehan portfolio, operated by Sheehan Property Management.
• Lakeview Court

Quantifiable outcome

• 116 years in business since 1904
• +2 more outcomes

Named customers12 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

Four partnerships are on record, tiered minor and core.

• Duke RealtyminorOthersPatrick Adams, currently Multifamily Development & Commercial Leasing at Sheehan, spent over four years in property management and leasing with Duke Realty in their Atlanta, GA office prior to joining Sheehan in January 2012.
• HUD (U.S. Department of Housing and Urban Development)coreOthersSheehan has extensive experience as a pioneer in construction of multi-family public housing, working with HUD on low-income apartment projects. The company has expertise in Section 8 Project-Based Assistance programs.
• Indiana Housing (IHCDA) Online Management SystemcoreOthersSheehan utilizes the Indiana Housing and Community Development Authority online management system for affordable housing compliance and reporting.
• Indiana Apartment AssociationcoreOthersChuck Townsend serves on the Board of Directors of the Indiana Apartment Association. The company participates in IAA training and certification programs.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Greystar: Global leader in multifamily property management, development, and investment with a large Midwest footprint including Indianapolis. Broader incumbent demonstrating the scale and tech-enabled operating model that smaller private operators like Sheehan are benchmarked against.

Direct peers

• Woda Cooper Companies: Midwest-based (Columbus, OH) affordable and market-rate multifamily developer with deep LIHTC and Section 8 expertise. Strong comparable on the affordable-housing development and compliance dimensions of Sheehan's business.
• Birge & Held: Indianapolis-focused multifamily developer and owner-operator with a portfolio of market-rate apartments. Comparable scale and Indianapolis market concentration, with a similarly owner-operator profile.
• Milhaus: Indianapolis-based vertically integrated multifamily developer, builder, and operator with a portfolio concentrated in the Midwest. Closest direct geographic and business model peer to Sheehan, also developing market-rate and mixed-use communities in Indiana and adjacent states.
• Buckingham Companies: Indianapolis-based real estate investment and development firm focused on multifamily, mixed-use, and commercial properties. Comparable geographic concentration, development + property management integration, and ownership-style private operating company profile.
• Herman & Kittle Properties: Indianapolis-based developer and manager of market-rate and affordable (LIHTC/Section 8) multifamily housing across the Midwest. Closely comparable to Sheehan's affordable-housing exposure and Indiana-centric development focus.
• The NRP Group: Cleveland-based multifamily developer with significant affordable (LIHTC/Section 8) and market-rate portfolio across the Midwest and Sun Belt. Comparable affordable-housing development focus and Midwest operating presence.
• Flaherty & Collins Properties: Indianapolis-headquartered multifamily developer, owner, and manager with a portfolio of market-rate and affordable apartments across the Midwest. Comparable vertically integrated model and shared focus on Indiana and adjacent Midwest markets.
• Edward Rose & Sons: Family-owned multifamily developer and operator headquartered in the Midwest (Michigan) with a large portfolio across multiple states. Comparable family-owned operating model, Midwest geographic base, and integrated development + management structure.
• Gene B. Glick Company: Indianapolis-based multifamily owner, developer, and manager with a large portfolio across the Midwest and Southeast. Direct peer in geographic base, vertical integration of development and property management, and family-influenced operating culture.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/sheehanpm
• LinkedInlinkedin.com/company/sheehan

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Sheehan Company