The Simon Konover Company

What The Simon Konover Company does

The Simon Konover Company is a privately held, third-generation family-owned real estate organization headquartered in West Hartford, Connecticut, founded in 1957 by Holocaust survivor Simon Konover. The company operates through three core subsidiaries: Konover Commercial Corporation, which manages a portfolio of more than 4 million square feet of office, retail, industrial, hotel, and mixed-use properties; Konover Residential Corporation, which manages market-rate, affordable, and supportive residential communities; and The Simon Development Corporation, which handles ground-up development and adaptive reuse of multi-family, retail, commercial, and land projects. Its portfolio spans 81 properties across 12+ states concentrated in the Midwest and Eastern United States.

The company generates revenue through a hybrid model combining owned-portfolio rental income, third-party property and asset management fees, acquisition and disposition transaction economics, and development fees. It pursues investments through acquisitions, joint ventures, and sale-leaseback opportunities, with stated capacity for acquisitions up to $50 million and established capital partnerships with entities such as Goldman Sachs. Tenant relationships include national retail anchors (Walmart, Costco, Lowe's, TJ Maxx, Shop Rite), regional banks, Yale University, and federal agencies (IRS, U.S. Secret Service, U.S. Homeland Security). The company does not operate a proprietary technology platform and conducts business through relationship-based direct sales rather than digital channels. Recent activity includes the July 2022 acquisition of Eden and Main Apartments, the March 2024 leadership transition to third-generation President Gregory Konover, the July 2024 hiring of Kelly Kilham as SVP of residential operations, and the 2025 grand openings of Triton Square (304 units, Groton, CT) and The Vale (Rocky Hill, CT).

Name

The Simon Konover Company

Legal name

The Simon Konover Company

Website

https://simonkonover.com

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

501–1,000 employees

Short description

The Simon Konover Company is a third-generation, family-owned real estate owner-operator headquartered in West Hartford, CT, managing and developing 81 commercial, residential, and mixed-use properties across 12+ states in the Midwest and Eastern United States.

Ownership category

akta.pro rank

Product category

Commercial and Residential Real Estate Management and Development

NAICS

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

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Mixed-Use Property Management (BPAJAGAE)

akta.pro secondary industry

Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)

Keywords

• Commercial real estate management
• Residential property management
• Real estate development
• Property acquisition services
• Asset management services

Headquarters

HQ city

West Hartford

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Property Management Services: Third-party property and asset management services for residential and commercial properties
2. Real Estate Development: Ground-up development and adaptive redevelopment/reuse opportunities for residential and commercial users
3. Property Acquisition and Investment: Acquisition of high-quality income producing commercial and multi-family real estate with focus on value-add opportunities

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

The Simon Konover Company is a fully integrated real estate organization that acquires, develops, owns, leases, and manages commercial and residential real estate across the Midwest and Eastern United States. It delivers property and asset management services to its own portfolio (over 4 million sq ft of commercial, 81+ properties, 12+ states) and to third-party owners through three operating divisions. Core activities include ground-up development, adaptive redevelopment, acquisitions up to $50 million, leasing, construction management, and full-service residential and commercial property management.

Product overview

The Simon Konover Company is a fully-integrated real estate organization operating three main divisions: Konover Commercial Corporation manages commercial properties including office, retail, industrial, and hospitality; Konover Residential Corporation manages market rate, affordable, and supportive residential communities; and The Simon Development Corporation handles acquisition and development of multi-family, retail, commercial, and land projects. The company owns and manages an 81-property portfolio spanning commercial (office, retail, industrial, hotels) and residential (market rate, affordable, supportive housing) segments throughout the Midwest and Eastern United States. Services include property management, asset management, leasing, construction management, and development consulting.

Differentiator

Problem solved

Functional benefit

Products and services

• Konover Commercial Corporation Operating division that provides management, leasing, and administrative services for commercial properties including Class A office buildings, multi-building office parks, retail shopping centers, hotels, hospitality venues, and parking garages. Manages over 4 million square feet of commercial real estate for owned and third-party clients.
• Konover Residential Corporation Operating division that manages a diverse portfolio of market rate, affordable, and supportive residential communities. Services include full-service management, lease-ups, regulatory compliance, property repositioning, distressed asset services, capital improvement programs, and financial reporting for both Konover-related entities and third-party owners.
• The Simon Development Corporation Operating division that offers full-spectrum real estate development services from initial conception through development, construction, and tenant move-in. Focuses on multi-family residential communities, mixed-use retail centers, commercial properties, and land development in the Midwest and Eastern United States.
• Property and Asset Management Services Third-party property management and asset management services for residential and commercial properties, including on-site management, maintenance, financial management, leasing, and reporting for private owners, nonprofits, institutional investors, and government agencies.
• Real Estate Acquisition Services Acquisition services focused on high-quality, income-producing commercial and multi-family real estate, with an emphasis on value-add opportunities pursued through acquisition, joint venture, and sale-leaseback structures, executed in transactions up to $50 million across the Midwest and Eastern United States.

Quantifiable outcome

• Over 4 million square feet of commercial real estate under management
• +2 more outcomes

Named customers12 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

Partnerships

Ten partnerships are on record, tiered core and notable.

• KGI Properties, LLCcoreStrategic or Co-development PartnerRepresentative partner in past and present development relationships
• Bucksbaum Retail Properties, LLCcoreStrategic or Co-development PartnerRepresentative partner in retail development projects
• Mashantucket Pequot TribenotableStrategic or Co-development PartnerDevelopment partner in various real estate projects
• Yale UniversitycoreStrategic or Co-development PartnerProperty owner partner - manages Whitney Grove Square owned by Yale University
• Outlook Development Group, LLCnotableStrategic or Co-development PartnerDevelopment partner for various real estate projects
• Associated Construction CompanycoreStrategic or Co-development PartnerGeneral contractor for The Vale development project in Rocky Hill, CT
• TOVAH, Inc.notableStrategic or Co-development PartnerNon-profit entity whose mission is to assist housing organizations in meeting the broad and diverse housing, social, behavioral and supportive needs of their residents
• HUD (Department of Housing and Urban Development)notableOthersGovernment agency partner for affordable housing developments
• CHFA (Connecticut Housing Finance Authority)notableOthersGovernment agency partner for affordable housing financing
• CRDA (Capital Region Development Authority)notableOthersConnecticut state agency partner for development projects

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Brixmor Property Group: Publicly traded retail-focused REIT with a national open-air shopping center portfolio. Overlaps with Simon Konover's retail property management and leasing activities but at substantially greater scale and with a pure-retail focus.
• Phillips Edison & Company: Publicly traded net-lease grocery-anchored shopping center REIT. Comparable in retail tenant relationships and shopping center management services but with a narrower, net-lease investment strategy and larger scale.

Broad incumbents

• Greystar Real Estate Partners: Largest apartment property management and investment firm in the U.S., operating at significantly greater scale. Overlaps with Konover Residential's multifamily management offering but with broader national and global reach.
• The Related Companies: Large, diversified national real estate firm with development, management, and investment operations across residential, commercial, and mixed-use. Comparable in integrated platform and asset diversification, but vastly larger in scale.
• FirstService Residential: Largest residential property management firm in North America with operations across thousands of properties. Comparable in residential management service offering, but operates at dramatically greater scale with a public parent (FirstService Corp).

Direct peers

• Bozzuto Group: Family-influenced, privately held real estate company focused on residential property management, development, and construction across the Eastern U.S. Comparable in residential management, integrated development capability, and East Coast geographic footprint.
• RD Management: Privately held, family-influenced real estate management and development firm with a portfolio of retail, office, residential, and mixed-use properties. Comparable as a similarly scaled, owner-operator/manager with diversified asset exposure.
• WinnCompanies: Privately held multifamily property management, development, and military housing operator with a strong Northeast presence. Directly comparable in residential management, affordable/subsidized housing expertise, and third-party fee management.
• The Davis Companies: Privately held, New England-based diversified real estate investment, development, and management firm with a similar integrated model spanning commercial and multifamily assets. Highly comparable given the prior working relationship with COO/CFO Scott Lynch.
• Northland Investment Corporation: Privately held real estate investment and management firm with a heavy multi-family and mixed-use focus in the Northeast. Directly comparable in residential management capabilities and where Lynch previously served as Chief Accounting Officer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/the-simon-konover-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries4 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 Simon Konover Company