Coast Real Estate Services

What Coast Real Estate Services does

Coast Real Estate Services (operating as Coast Property Management, legally Coast Property Management, and parented under Coast Group of Companies) is a Pacific Northwest property management firm founded on October 23, 1987, by brothers Tom Hoban and Shawn Hoban in Everett, Washington. The company provides customized, fee-based management services across four real estate verticals: multifamily residential (20,000+ apartment homes), commercial real estate (8,000,000+ sq ft), self-storage facilities (8,500+ units), and condominium/HOA associations. It serves both private and institutional property owners across Washington, Oregon, Idaho, and Colorado, managing over $4 billion in total assets with a team of 500+ employees headquartered in Everett with a regional office in Portland.

The business operates on a relationship-driven managed services model in which Coast adopts each owner's investment goals as the basis for a customized management plan; pricing is fee-based and tailored to each assignment rather than publicly disclosed. The technology stack supporting operations is modest and largely off-the-shelf: a corporate website (coastmgt.com) with multi-state property search, property-specific marketing websites for each managed community, a dedicated owner-facing client portal (coastclientportal.com), an internal employee SharePoint intranet, and third-party integrations with Google Analytics, Google AdWords, G5 Search Marketing (website partner), and ADP for HR and recruiting. No proprietary AI, ML, or data platform is disclosed.

Go-to-market is enterprise field sales targeting property owners through direct outreach and relationship management, supplemented by digital channels (SEO-optimized property listings, toll-free and local phone lines, email contact) that also serve as resident lead-generation for managed properties. The company has been operationally professionalized over the last decade: CEO John Maihofer joined in 2016 from a 15-year banking career, COO Jeffrey Pedigo rejoined in 2020 after 18 years in asset management, and CRO Lori Franceschini was appointed to lead client relations, marketing, and lease-up operations. The founders continue to serve as Chairman and CEO respectively. Coast is privately held with no disclosed parent company, private equity backing, or external funding.

Name

Coast Real Estate Services

Legal name

Coast Property Management

Website

https://coastmgt.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

251–500 employees

Short description

Coast Real Estate Services is a Pacific Northwest property management firm founded in 1987 that provides customized fee-based management of multifamily, commercial, self-storage, and condominium/HOA properties for private and institutional owners across Washington, Oregon, Idaho, and Colorado, overseeing $4 billion in assets with 500+ employees.

Ownership category

akta.pro rank

Product category

Property Management Services

NAICS

Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (53121), Lessors of Other Real Estate Property (53119)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE)

akta.pro secondary industries

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB), Traditional Residential Brokerage (Existing Homes) (BPAJAAAA)

Keywords

• Multifamily property management
• Commercial property management
• Self storage management
• Condominium HOA management
• Real estate asset management

Headquarters

HQ city

Everett

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management Services: Coast Property Management earns revenue by providing comprehensive property management services to private and institutional owners of real estate assets. Services are customized and fee-based, tailored to meet each client's specific investment goals. The company manages multifamily, commercial, storage, and condominium HOA properties across the Pacific Northwest.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Coast Real Estate Services provides customized, fee-based property management services to private and institutional real estate owners across the Pacific Northwest. Its core offerings cover four asset classes: multifamily residential (20,000+ apartment homes), commercial real estate (8,000,000+ sq ft), self-storage facilities (8,500+ units), and condominium/HOA communities, delivered through direct owner relationships and supported by client and employee portals.

Product overview

Coast Property Management offers a comprehensive property management platform serving multiple real estate sectors: multifamily residential (20,000+ units), commercial real estate (8,000,000+ sq. ft.), self-storage (8,500+ units), and condominium HOA management. The company was founded in 1987 and operates across the Pacific Northwest including Washington, Oregon, Idaho, and Colorado. The core offering consists of customized management services for private and institutional property owners, combining sophisticated company infrastructure with tailored approaches for each asset type. Managed communities include properties such as Traxx Apartments, Tahoma Valley, Allegro, Acqua, Cubix at Othello, Cedar Homes 29, Alta Crossing, Deer Haven, and Snohomish Storage. Client and Employee portals provide supplementary access to property information and internal operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Multifamily Property Management Comprehensive management services for multifamily residential properties (market rate and affordable housing), covering garden style apartments, high rise buildings, and mixed use developments with customized approaches per asset.
• Commercial Property Management Management of commercial real estate including office buildings, medical facilities, and retail spaces, with relationship driven approach focused on short and long term improvement goals.
• Self Storage Management Specialized management services for self-storage facilities across the Pacific Northwest, with focus on customer experience, investor returns, asset preservation, enhancement, and new acquisition support.
• Condominium HOA Management Management services for homeowners associations and condominium communities, providing proactive management, long term asset preservation, planning, and professional staffing support.

Quantifiable outcome

• $4 billion in total assets managed
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Greystar Real Estate Partners: The largest multifamily property management company in the U.S., managing ~800,000+ units globally. Directly comparable to Coast as a multifamily management platform serving institutional and private owners, but at vastly greater scale and with national geographic reach.
• Lincoln Property Company: Major U.S. multifamily and commercial property manager with ~200,000+ units under management. Comparable to Coast in offering both residential and commercial management services to institutional and private owners with a relationship-driven approach.
• Asset Living: Top-five U.S. multifamily property manager with 300,000+ units, actively growing through acquisitions. Comparable to Coast in serving both private and institutional owners across multifamily, student, and affordable housing segments.
• RPM Living: Rapidly growing multifamily property management firm with 200,000+ units across the U.S. Comparable to Coast in multifamily focus, customized owner solutions, and West Coast/Pacific Northwest presence.
• FPI Management: Multifamily property manager with ~170,000 units under management, including conventional, affordable, and student housing. Comparable to Coast in offering customized management for private and institutional owners across multiple property types.
• Avenue5 Residential: Multifamily property management company with 200,000+ units nationwide, formed via acquisition roll-up. Comparable to Coast in serving institutional and private owners with multifamily and mixed-use assets.
• Bozzuto Group: Diversified real estate services company providing property management, development, and construction across multifamily, student, and senior housing. Comparable to Coast in relationship-driven multifamily management, though East Coast-focused.
• WinnCompanies: National property management, development, and military housing company with 175,000+ units. Comparable to Coast in multifamily and affordable housing management for both private and institutional owners, including affordable housing expertise.

Broad incumbents

• Cushman & Wakefield: Global commercial real estate services firm offering property management, valuation, and advisory. Comparable to Coast in commercial property management services (8M+ sq ft) but operates as a much larger, broader platform with investment sales and advisory services.
• Cushman & Wakefield Pacific Northwest / CBRE: Global commercial real estate services firm with substantial Pacific Northwest property management operations. Comparable to Coast in commercial property management, though operates as a broader platform with global institutional clientele.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/thecoastgroup
• Facebookfacebook.com/coastservices
• LinkedInlinkedin.com/company/coast-real-estate-services

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Coast Real Estate Services