Overland Property Group

What Overland Property Group does

Overland Property Group (OPG), founded in 2002 and headquartered in Salina, Kansas, is a privately-held, vertically integrated real estate developer and long-term owner of multi-family and senior housing communities. The company specializes in Low-Income Housing Tax Credit (LIHTC)-financed affordable housing, senior independent living, and historic adaptive-reuse rehabilitations, with a smaller market-rate/luxury component. OPG develops, owns, and manages a portfolio of 5,500+ apartment homes across eight U.S. states — Colorado, Texas, Kansas, Iowa, Oklahoma, Tennessee, Wyoming, and Missouri — with regional offices in Salina, Leawood (Kansas City metro), and Denver.

OPG's product portfolio is organized around three core lines: (1) affordable multi-family under "The Reserves" brand, serving residents earning 30%–60% of Area Median Income; (2) senior independent living under "The Residence" brand (55+ and 62+); and (3) historic rehabilitation/adaptive reuse under the "Landmark" brand, leveraging federal and state historic tax credits to convert landmark buildings. Development projects range from 30 to 232 units, with notable communities including The Reserves at Eagle Point, The Reserves at Green Valley Ranch, Anglers Four Hundred, the H.D. Lee Mercantile Lofts, and The Residence at Heritage West. Cumulative development value exceeds $1 billion.

OPG generates revenue through two principal streams: recurring rental income from owned and managed apartment communities, and development fees from structuring, financing, and closing LIHTC-financed projects utilizing 9% and 4% tax credits, historic tax credits, HUD financing, and multi-source state and private equity. The company monetizes tax credit allocations through institutional LIHTC syndicators, retaining long-term ownership after the 15-year compliance period. Distribution occurs through on-site leasing offices at each community, with affordable units channeled through local housing authority eligibility screening. OPG sells development services to state and municipal partners (TDHCA, WCDA, KHA, CHFA, Cheyenne LEADS) through competitive allocation rounds and direct outreach. The company operates a wholly owned subsidiary, Summit Preservation Group, established to acquire and preserve existing affordable housing assets.

Name

Overland Property Group

Legal name

Overland Property Group LLC

Website

https://overlandpg.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Overland Property Group is a privately-held, vertically integrated real estate developer-owner that develops, finances, and manages affordable (LIHTC), senior, and historic-rehabilitation multi-family housing across eight U.S. states in middle-America, serving income-restricted residents at 30%–60% of Area Median Income, seniors, and select market-rate tenants.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Residential Property Managers (531311), Lessors of Residential Buildings and Dwellings (53111), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

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

akta.pro secondary industries

Senior & Assisted Living Residential Property Management (BPAJAFAE), Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG)

Keywords

• Affordable housing development
• Multi-family housing
• Senior living communities
• Historic building rehabilitation
• LIHTC housing

Headquarters

HQ city

Salina

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Residential Rental Income: OPG owns its developed communities and generates recurring rental income from apartment homes. Units serve a mix of income-restricted affordable, workforce, and market-rate residents. Rents are set based on Low-Income Housing Tax Credit (LIHTC) income limits tied to Area Median Income (AMI) tiers, typically ranging from 30% to 60% AMI and above.
2. Development Fees and Transaction Income: The company earns development fees for sourcing, structuring, and closing multi-family housing developments, including those utilizing 9% and 4% LIHTC, historic tax credits, and mixed financing from state housing agencies and private equity.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Overland Property Group develops, owns, and operates multi-family and senior apartment communities, with primary expertise in affordable housing financed through the Low-Income Housing Tax Credit (LIHTC) program, historic tax credit rehabilitations, and mixed-financing developments across middle America. The company serves residents at 30%-60% of Area Median Income (AMI), seniors aged 55+, and select market-rate tenants, delivering both new construction and adaptive reuse projects under branded product lines such as "The Reserves," "The Residence," and "Landmark."

Product overview

Overland Property Group is a multi-family and senior housing real estate developer offering a diverse portfolio of residential communities across multiple states. The company's product portfolio consists of distinct branded developments organized primarily under two main product lines: 'The Reserves' (affordable multi-family communities) and 'Landmark'/'Residence' (historic rehabilitations and senior housing). Their portfolio includes luxury, market-rate, and affordable housing options, with developments ranging from 30 to 232 units. Key product categories include: (1) Affordable Housing Communities - LIHTC-financed developments serving residents at 30%-60% AMI under 'The Reserves' brand; (2) Senior Living - Independent senior communities under 'The Residence' brand; (3) Historic Rehabilitation - Adaptive reuse of landmark buildings under 'Landmark' brand; and (4) Luxury/Market-Rate Housing - Higher-end finishes in resort and affluent suburban areas. The company operates across Colorado, Texas, Kansas, Iowa, Oklahoma, Tennessee, Wyoming, and Missouri.

Differentiator

Problem solved

Functional benefit

Brands

• Summit Preservation Group: A division of Overland Property Group focused on preserving affordable housing communities, particularly in Kansas City, MO.

Products and services

• The Reserves — Affordable Multi-Family Housing Communities
• The Residence — Senior Housing Communities
• Landmark — Historic Rehabilitation & Adaptive Reuse
• Market-Rate & Luxury Multi-Family Housing
• Summit Preservation Group — Affordable Housing Preservation

Quantifiable outcome

• 5,500+ apartment homes developed and owned across 8 states
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered minor.

• Mission Rock ResidentialminorChannel Partner/ Reseller/ Distributor · 29 January 2026Mission Rock Residential and Overland Property Group jointly announced an action plan to improve conditions at three housing complexes (Anglers, Alpenglow, and Reserves) developed by YVHA in Steamboat Springs, Colorado. The plan includes increased staffing, enhanced security, stricter enforcement, and regular progress reporting following tenant complaints.
• Kansas Housing Association (KHA)minorOthersOPG is a member of the Kansas Housing Association, a state-level industry organization supporting affordable housing development. OPG's Managing Partner Matt Gillam served on the KHA Board of Directors from 2015-2025, including terms as Vice President (2017-2019), President (2019-2023), and Past President (2023-2025).
• Texas Affiliation of Affordable Housing Providers (TAAHP)minorOthersOPG is a member of TAAHP, the Texas state industry association for affordable housing developers and related professionals.
• Housing ColoradominorOthersOPG is a member of Housing Colorado, the state industry association for affordable housing. OPG has received multiple Eagle Awards nominations from Housing Colorado for Colorado-based developments.
• Iowa Housing Partners (IHP)minorOthersOPG is a member of Iowa Housing Partners, the state industry association supporting affordable housing development in Iowa.
• Oklahoma Coalition for Affordable HousingminorOthersOPG is a member of the Oklahoma Coalition for Affordable Housing, the state industry association for affordable housing developers in Oklahoma.
• Affordable Housing Tax Credit Coalition (AHTCC)minorOthersOPG is a member of the Affordable Housing Tax Credit Coalition, the national industry coalition for LIHTC professionals. OPG received the 2021 Charles L. Edson Tax Credit Excellence Award from AHTCC for The Residence at Lamar.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• The Michaels Organization: National owner-developer of affordable, market-rate, and student housing with deep LIHTC expertise and similar multi-state operating footprint. Highly comparable because Ryan Zent (OPG VP of Development) previously served as a regional leader at Michaels, and both firms emphasize mid-size, vertically integrated develop-to-own multi-family with strong state housing finance relationships.
• The NRP Group: Cleveland-based vertically integrated developer-owner-operator of affordable, workforce, and market-rate multi-family housing with LIHTC specialization across multiple states. Directly comparable in scale and model: develop-to-own with on-site leasing, LIHTC-financed affordable communities, and expanding senior housing. Similar mid-tier ranking among affordable housing developers.
• Dominium: One of the largest U.S. developers and managers of affordable multi-family housing, headquartered in Minnesota with operations across many states. Comparable because it is a vertically integrated LIHTC developer-owner-operator with strong historic tax credit expertise and senior affordable housing — overlapping OPG's niche in middle-America markets.
• Pennrose: Mid-size national LIHTC developer and property manager of affordable, mixed-income, and mixed-use communities across multiple states. Comparable because both firms operate develop-to-own multi-family LIHTC portfolios with on-site property management and pursue similar scale of annual development volume; both navigate complex multi-source financing including historic credits.
• Bison Group: Mid-size affordable housing developer headquartered in Oklahoma with operations in Texas and surrounding states, specializing in LIHTC and historic tax credit multi-family development. Directly comparable given geographic overlap (OK, TX), LIHTC/historic tax credit expertise, similar mid-tier developer scale, and develop-to-own model.
• Gorman & Company: Wisconsin-based developer-owner-operator of affordable, mixed-income, and historic adaptive-reuse multi-family housing across the Midwest and beyond. Comparable because of Midwest geographic overlap, deep historic tax credit expertise, and similar mid-size LIHTC portfolio composition that emphasizes quality finishes regardless of income tier.

Others

• Hunt Capital Partners: Nationwide LIHTC syndicator and equity investor that financed many of OPG's peers and where Riley Rahuba (OPG Senior Development Analyst) previously worked underwriting LIHTC deals. Not a direct competitor but a key counterparty and capital partner for OPG's deals; comparable as a market mover in LIHTC transactions.

Broad incumbents

• The Related Companies: Mega-sized national real estate developer with substantial affordable housing activity through Related Affordable (formerly Related Companies' affordable division). Comparable in that Related Affordable develops and owns LIHTC multi-family and senior housing across many states, but operates as part of a much broader portfolio (luxury market-rate, office, mixed-use) — broader incumbent rather than a pure-play LIHTC competitor.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/overlandpg
• Facebookfacebook.com/overlandpropertygroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries1 record

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 Overland Property Group