Galman Group

What Galman Group does

Galman Group is a privately held, Jenkintown, Pennsylvania-based real estate operating company founded in 1980 by Arnold E. Galman. It owns and manages more than 10,000 apartments and condominiums across 61 communities in the Delaware Valley (Philadelphia, its Pennsylvania suburbs, and Delaware), and additionally manages 500,000+ sq ft of commercial and retail space. The business spans three revenue engines: (1) owned-portfolio multifamily rent from studio through townhome units; (2) third-party property management for HOA, condominium, and developer clients, covering over 9,000 units in 61 properties; and (3) corporate housing (LuxApt) and commercial suite leasing at four flagship properties. Vertically integrated capabilities include in-house construction and renovation (EVP of Construction with 30+ years' experience), value-add acquisitions led by a dedicated acquisitions team, and on-site management with 24-hour emergency maintenance. Rents are subscription / monthly, ranging from approximately $1,705 for Berkshire Gardens 2BR units to over $3,069 for 2BR townhomes at the luxury Flats at Jenkintown. Underlying technology is standard multifamily property management tooling rather than proprietary AI: an On-Site-powered resident portal for online applications, rent payments, and maintenance requests; ACH payment processing; and virtual leasing tools (FaceTime and 3D tours). Capital deployment has been active: a $30 million ground-up development at The Flats at Jenkintown (broke ground late 2021, leasing from 2022), a $30 million renovation of Thorn Flats and Lehigh Flats in Newark, Delaware (completed 2021), and the February 2023 acquisition of Lola's Place in Flourtown, Pennsylvania. Leadership transitioned to a CPA President (Jason Bailey, 2022) while Arnold Galman retained the chairmanship, and dedicated functional directors in operations, marketing, and acquisitions have been added since 2022.

Name

Galman Group

Legal name

Galman Group

Website

https://galmangroup.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

251–500 employees

Short description

Galman Group is a privately held, Jenkintown, PA-based real estate operator founded in 1980 that owns and manages more than 10,000 apartments and condominiums across 61 communities in the Delaware Valley (Philadelphia, its suburbs, and Delaware), and also provides third-party HOA/condo management, corporate housing, and commercial leasing.

Ownership category

akta.pro rank

Product category

Multifamily 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), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Multifamily property management
• Apartment rental services
• Condominium management
• HOA management services
• Corporate housing leasing

Headquarters

HQ city

Jenkintown

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. Apartment Rental Income: Monthly rental income from owned and managed apartment communities across Pennsylvania and Delaware; revenue generated from residential tenants in studio, 1-bedroom, 2-bedroom, and townhome units
2. Third-Party Property Management Fees: Management fees for HOA and condominium associations; professional management services for boards, developers, and owners; includes full-time on-site management/leasing teams
3. Commercial & Retail Space Leasing: Commercial office and retail space leasing; custom office suites from 500-15,000 square feet; managed commercial spaces at The Pavilion, Plaza Apartments, Regency Towers, and Valley Forge Towers
4. Corporate Housing: Short-term and long-term corporate housing with flexible leasing terms; furnished apartments with LuxApt upgrades including utilities, cable/internet, and bi-weekly maid service

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

The Galman Group owns and manages more than 10,000 quality apartments and condominiums across 61 communities in the Delaware Valley region (Philadelphia, Pennsylvania suburbs, and Delaware). The company provides professional multifamily property management, condominium and HOA association management, commercial and retail property management, corporate housing through its LuxApt program, and third-party management services for external owners, boards, and developers. It also pursues value-add acquisitions of underperforming multifamily properties within a two-to-three hour drive of its Jenkintown, PA headquarters.

Product overview

Galman Group is a property management and real estate company offering a comprehensive suite of services centered on multifamily apartment and condominium management across the Delaware Valley. The portfolio includes over 10,000 quality apartments and condominiums across 61 communities. Core offerings encompass professional apartment management, condo/HOA management, and commercial/retail property management. Supporting services include corporate housing through the LuxApt program, third-party management for external owners, and value-add acquisitions. The company operates across three primary markets: Philadelphia neighborhoods (Mt. Airy, Roxborough, Northeast), Philadelphia suburbs (Montgomery, Bucks, Chester, Delaware Counties), and Delaware (Newark, Claymont, New Castle).

Differentiator

Problem solved

Functional benefit

Products and services

• Apartment Management Services Professional property management for owned and third-party apartment communities across the Delaware Valley region, including resident relations, leasing, day-to-day operations, 24-hour emergency maintenance, and on-site management teams across studio, 1-bedroom, 2-bedroom, and townhome units.
• Condominium and HOA Management Homeowner association and condominium management services including community governance support, maintenance coordination, and financial management for residential associations across Pennsylvania and New Jersey.
• Commercial and Retail Property Management Management of commercial office and retail spaces ranging from 500 to 15,000 square feet, offering custom office suites built to tenant specifications at managed commercial spaces such as The Pavilion, Plaza Apartments, Regency Towers, and Valley Forge Towers.
• Corporate Housing (LuxApt) Furnished corporate housing with LuxApt upgrade packages featuring contemporary furniture, premier linens, all utilities included, cable/internet, bi-weekly maid service, and flexible short- or long-term lease terms offered at four designated communities for business travelers and relocating employees.
• Third-Party Management Services Professional management services for external property owners, boards, and developers seeking hands-on property management expertise and operational synergies across a 9,000+ unit portfolio of 61 properties.
• The Flats at Jenkintown Luxury apartment and townhome community at 1300 Greenwood Avenue, Jenkintown, PA featuring stainless steel appliances, quartz countertops, in-unit washers/dryers, EV charging stations, fitness center, yoga studio, resident lounge, game room, dog park, and garage parking.

Quantifiable outcome

• Manages over 10,000 quality apartments and condominiums
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature2 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Manor CollegeminorStrategic or Co-development Partner · 1 April 2022Partnership with Manor College to raise funds for charitable causes; partnered to raise nearly $40,000 for the Ukrainian Federation of America
• Delaware Apartment AssociationcoreOthersActive membership organization providing networking, education, and industry advocacy for apartment operators in Delaware
• Pennsylvania Apartment AssociationcoreOthersActive membership organization providing networking, education, and industry advocacy for apartment operators in Pennsylvania

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Kettler: Mid-Atlantic based multifamily development and property management company, headquartered in Tysons, VA. Overlaps with Galman in apartment acquisition, development, and management across the DC-to-Philly corridor.
• Toll Brothers Apartment Living: The multifamily rental arm of Toll Brothers operating luxury apartment communities across the Northeast and Mid-Atlantic, including Pennsylvania. Closely comparable luxury product positioning and a prior employer of Galman's Director of Operations.
• Morgan Properties: A Mid-Atlantic-focused multifamily owner-operator with ~100,000 apartment units across 19 states, headquartered in King of Prussia, PA. Directly comparable to Galman in geographic focus, customer base, and apartment management service offering; their former executive (Jane Ashwood) now leads Galman operations, signaling direct talent overlap.
• Bozzuto Group: Mid-Atlantic-centric residential property management, development, and construction firm based in Greenbelt, MD. Comparable in multifamily and mixed-use management focus with overlapping service offerings including third-party management, corporate housing, and HOA services.
• Berkshire Property Advisors: Privately-held multifamily owner-operator with a regional focus in the Northeast/Mid-Atlantic. Directly comparable service offering (acquisition, renovation, third-party management) and similar scale to Galman Group.

Broad incumbents

• Lincoln Property Company: Large, diversified real estate services firm managing ~210,000 multifamily units plus commercial assets across the US. Overlaps with Galman across residential management and third-party services.
• AvalonBay Communities: Public multifamily REIT with ~310 communities and ~90,000 apartment homes concentrated on the East and West Coasts. Operates in Galman's markets (Philadelphia region) and represents the institutional capital benchmark for comparable portfolio quality.
• Greystar Real Estate Partners: The largest apartment management company globally, managing ~$320B of real estate across 80+ markets. Competes with Galman for third-party management contracts and is a key acquirer of value-add multifamily assets in the Mid-Atlantic region.
• Equity Residential: Public multifamily REIT with a coastal urban-focused portfolio including Boston, New York, Washington DC, and select markets. Provides a public-market valuation reference for institutional-quality apartment operations in Galman's footprint.

Regional players

• Associa: Largest US community association management company (HOAs, condos) with extensive East Coast coverage. Direct peer for Galman's HOA/condo management service line, though Associa is much larger and national in scope.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/GalmanGroup
• LinkedInlinkedin.com/company/galmangroup
• Instagraminstagram.com/galmangroup

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 Galman Group