WAJ Management

What WAJ Management does

WAJ Management is a privately held property development and management company headquartered in Raleigh, North Carolina, that operates a portfolio of 25+ apartment communities across the state. The company's core business is affordable housing: it owns and manages LIHTC, RD515, HUD, and Section 8 properties serving low- to moderate-income individuals and families, seniors aged 55 and 62+, disabled residents, and student-adjacent populations near universities such as Wingate. Pricing is primarily income-based, with monthly rents observed in the $430–$850 range depending on property, unit size, and program; many properties include utilities and accept Section 8 vouchers. Properties range in size from small 25-unit senior communities (Scott Commons, Parkside Commons) to larger 72–84-unit family and senior developments (Reserve at Ashelyn Glen, Robinwood Senior Living).

The business model is straightforward recurring rental revenue: WAJ Management leases individual apartment units to households on monthly subscriptions, with on-site leasing offices in 20+ North Carolina cities including Raleigh, Lumberton, Havelock, New Bern, Henderson, Kernersville, Asheboro, and Fuquay-Varina. Distribution is entirely direct-to-consumer via property-level offices, a property-by-property WordPress website, and a contact form on the corporate site. The company runs a small back-office team (11–50 employees) and outsources no visible technology platform. A stated 'Development' function on the company website indicates activity in housing and commercial development, suggesting organic growth through new construction and acquisition in addition to the existing portfolio.

Name

WAJ Management

Legal name

WAJ Management

Website

https://wajmanagement.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

WAJ Management is a privately held Raleigh, North Carolina property development and management company operating 25+ affordable apartment communities (HUD, LIHTC, RD515, Section 8) statewide, serving low-income families, seniors 55+, and disabled residents.

Ownership category

akta.pro rank

Product category

Affordable Housing Property Management

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131)

SIC

Operators Of Apartment Buildings (6513)

akta.pro primary industry

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

akta.pro secondary industry

Senior & Assisted Living Residential Property Management (BPAJAFAE)

Keywords

• Affordable housing management
• Senior apartment communities
• LIHTC property management
• HUD rental housing
• Multifamily property management

Headquarters

HQ city

Raleigh

HQ country

United States

HQ region

North America

Offices25 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Apartment Rental Income: WAJ Management generates revenue through monthly rental income from apartment communities across North Carolina. Rents are predominantly income-based, with many properties qualifying as affordable housing under HUD, LIHTC, RD515, and Section 8 programs.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

WAJ Management is a property development and management company that owns and operates a portfolio of 25+ affordable apartment communities across North Carolina. The company manages both family-oriented and senior/elderly housing properties under HUD, LIHTC, RD515, and Section 8 programs, offering one, two, and three bedroom apartments with income-based rent, on-site management, and 24-hour maintenance.

Product overview

WAJ Management is a property development and management company operating a portfolio of 26 apartment communities across North Carolina. The company specializes in affordable housing, managing both family-oriented apartment communities and senior/elderly housing properties. Their portfolio includes LIHTC (Low Income Housing Tax Credit) properties, HUD properties, and RD515 communities. The company offers one, two, and three bedroom apartments with amenities including washer/dryer connections, on-site maintenance, playgrounds, and community rooms. Many properties offer income-based rent and accept Section 8 vouchers. The portfolio spans both urban areas like Raleigh and smaller communities throughout North Carolina.

Differentiator

Problem solved

Functional benefit

Products and services

• Biltmore Hills Affordable two and three bedroom apartments centrally located in Raleigh, NC, offering spacious floor plans, washer/dryer connections, all electric appliances, and city bus line access for low to moderate income tenants.
• Gregory Oaks
• Scott Commons
• Alexander Place
• Clayton Manor
• Clayton East
• Bailey Place
• Union Station
• Parkside Commons
• The Reserve at Ashelyn Glen
• The Village
• Quail Hollow II
• Brierwood
• The Pines at Lake Rd
• Tanner Place
• Hillcrest
• River Commons
• Ashley Park Opened in early 2015, offers one, two and three bedroom units in New Bern, NC with energy efficient appliances, dishwasher, garbage disposal, and wireless internet included.
• Dogwood Grove
• Robeson Manor
• Live Oaks Estates
• Oakwood Manor
• Sadie's Landing
• Quail Hollow
• Robinwood Senior Living
• Apartments of Lumberton

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• The Related Companies: Large diversified real estate firm with a substantial affordable housing arm managing LIHTC and mixed-income properties nationally — overlaps WAJ's affordable housing focus but operates at much greater scale across many asset classes.
• Volunteers of America National Services: National nonprofit that develops and operates affordable and senior housing, including HUD-assisted senior properties comparable to WAJ's 55+/62+ senior communities.

Direct peers

• The NRP Group: Developer, builder, and manager of affordable and workforce housing, including LIHTC communities, with a multi-state footprint analogous to WAJ's affordable specialization.
• The Community Builders: Nonprofit developer and operator of affordable and mixed-income housing using LIHTC and HUD programs, with a mission-driven model parallel to WAJ's affordable housing orientation.
• The Michaels Organization: National developer and manager of affordable, market-rate, and military housing. Operates LIHTC and HUD-assisted apartment communities similar in structure to WAJ's portfolio.
• WinnCompanies: One of the largest affordable and mixed-income housing managers in the US, operating LIHTC, Section 8, and HUD-assisted properties comparable to WAJ's portfolio across multiple states.
• Wallick Communities: Family-owned affordable and senior housing developer/manager with LIHTC, HUD, and Section 8 portfolio comparable to WAJ's program mix and property types.
• Conifer Realty: Regional affordable housing developer and manager operating LIHTC and Section 8 properties across the Northeast and Mid-Atlantic, with a similar income-restricted portfolio focus to WAJ.

Market position

Strengths5 records

Weaknesses3 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 WAJ Management