First Communities
First Communities is a private Atlanta-based real estate company founded in 1978 that provides multifamily property management and relocation services to property owners and residents across the United States, operating under the First Communities Management brand.
- Company typePrivate
- Founded1978
- HeadquartersAtlanta, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What First Communities does
First Communities is a private, for-profit U.S. real estate company headquartered in Atlanta, Georgia, founded in 1978. The company operates under the First Communities Management brand and provides multifamily property management and relocation services to owners and residents across the United States. With a workforce of 1,001–5,000 employees, it is a mid-to-large-scale operator within the fragmented third-party property management sector.
The company's business model is fee-based property management: it generates revenue by managing multifamily communities on behalf of property owners, with services spanning on-site operations, leasing, resident relations, and relocation logistics. Specific pricing structures, contract terms, service tiers, and technology platforms are not disclosed in available sources. There is no information available regarding a proprietary technology stack, software product, mobile app, or AI tooling; the only technology-related data point is First Communities Management's inclusion in the 2025 multi-state attorney general enforcement actions tied to RealPage's revenue management software.
First Communities is privately held with no disclosed ownership structure, parent company, funding rounds, M&A activity, or management team roster in the available data. Its primary external exposure in 2025 is regulatory: state attorneys general from Washington D.C., Maryland, New Jersey, and Kentucky are pursuing enforcement actions against landlords — including First Communities Management — alleging price-fixing through RealPage's rent-setting software. This regulatory overhang is the most concrete, documented strategic signal in the company's public record and is the principal risk factor for any prospective investor or counterparty.
First Communities firmographics
Firmographics- Name
- First Communities
- Website
- https://firstcommunities.com
- Company type
- Private
- Founded year
- 1978
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- First Communities is a private Atlanta-based real estate company founded in 1978 that provides multifamily property management and relocation services to property owners and residents across the United States, operating under the First Communities Management brand.
- Ownership category
- akta.pro rank
First Communities industry classification
Industry- Product category
- Property Management Services
- NAICS
- Services to Buildings and Dwellings (5617)
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Master-Planned Community & POA Management (BPAJAHAD)
- akta.pro secondary industry
- Local Moving for Homes (Single-Family, Townhome) (HSAKAAAC)
Keywords
Where First Communities is headquartered
LocationHeadquarters
- HQ city
- Atlanta
- HQ country
- United States
- HQ region
- North America
Markets served
First Communities business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations
First Communities product offering
Product offeringCore offering
First Communities is a private real estate services company that specializes in property management and relocation services. The firm operates under the name First Communities Management and supports clients across the residential real estate sector, managing housing assets and providing relocation support to individuals and organizations.
Differentiator
Problem solved
Functional benefit
Products and services
- Property Management
- Relocation Services
Companies that use First Communities
Customer profileIdeal customer profiles1 record
First Communities technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
First Communities partnerships and signals
Strategic signalRecent moves1 record
Expansion highlights2 records
First Communities competitors and assessment
Company assessmentBroad incumbents
- WinnCompanies: National owner and third-party manager of multifamily, military, and affordable housing with diversified services. Comparable in breadth of residential management but broader and larger than First Communities.
Direct peers
- Asset Living: Largest third-party property manager in the U.S. with 455K+ units across multifamily, student, affordable, and build-to-rent. Directly comparable to First Communities as a scaled, non-owner operator of residential communities.
- Greystar Real Estate Partners: Global leader in rental housing property management, investment, and development with a very large multifamily portfolio under management. Closely comparable business model to First Communities' property management operations.
- Lincoln Property Company: National multifamily and commercial property manager with a sizable third-party management book. Comparable to First Communities in serving institutional owners across multiple regions.
- Bozzuto Group: Diversified residential real estate firm with significant property management operations alongside development and construction. Comparable scope to First Communities' management-plus-services approach.
- RPM Living: Full-service multifamily property management firm operating hundreds of thousands of units nationwide. Closely matches First Communities' third-party residential management focus.
- RangeWater Real Estate: Sun Belt-focused multifamily acquirer, developer, and manager with a sizable third-party management platform. Geographic and product overlap with First Communities' Atlanta-based operations.
- BH Management Services: Large third-party multifamily property manager serving institutional clients across the U.S. Direct competitor for management contracts with similar owner profile to First Communities.
- Pinnacle Property Management Services: National third-party property manager of multifamily, senior, and affordable housing. Comparable to First Communities in service mix and institutional owner focus.
- Cortland: Multifamily owner, developer, and third-party manager operating a national portfolio. Comparable to First Communities on the property management side and on Sun Belt market exposure.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks4 records
Key highlights5 records
Customer concentration
First Communities social profiles
Digital presenceFirst Communities financial estimates
Financial estimateRevenue estimate
Valuation estimate
First Communities leadership team
Management profileNumber of profiles
First Communities funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
First Communities M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about First Communities
What does First Communities do?
First Communities is a private real estate services company that specializes in property management and relocation services. The firm operates under the name First Communities Management and supports clients across the residential real estate sector, managing housing assets and providing relocation support to individuals and organizations.
Is First Communities a public or private company?
First Communities is a private company. It is classified as unknown and is currently operating.
When was First Communities founded?
First Communities was founded in 1978. It employs 1,001 to 5,000 people.
Where is First Communities based?
First Communities is headquartered in Atlanta, United States, in the North America region.
Who are First Communities's main competitors?
WinnCompanies is listed as a broad incumbent. Direct peers are Asset Living, Greystar Real Estate Partners, Lincoln Property Company, Bozzuto Group, RPM Living, RangeWater Real Estate, BH Management Services, Pinnacle Property Management Services and Cortland.
Does First Communities have an API?
No public API is recorded for First Communities.
What industry is First Communities in?
First Communities's product category is Property Management Services. Its primary akta.pro industry code is BPAJAHAD, Master-Planned Community & POA Management, with a secondary code of HSAKAAAC, Local Moving for Homes (Single-Family, Townhome). Its NAICS code is 5617 and its SIC code is 6531.