Draper and Kramer, Incorporated
Draper and Kramer is a 133-year-old, family-owned, vertically integrated property and financial services firm headquartered in Chicago. It manages 4,600+ multifamily units across 20 properties, runs a $1.4 billion investment platform via the open-ended DK Fund, LP, develops real estate nationwide, and originates over $2.5 billion in commercial loans annually for institutional, government, and corporate clients.
- Company typePrivate
- Founded1893
- HeadquartersChicago, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Draper and Kramer, Incorporated does
Draper and Kramer, Incorporated is a Chicago-headquartered, family-owned property and financial services company founded in 1893 and operated across five generations of family ownership. The firm operates four integrated business lines: Investment Management (acquisitions, dispositions, asset management, and the open-ended DK Fund, LP vehicle), Property Management (full-service multifamily operations delivered through the proprietary 'DK Way' service approach), Development (ground-up, adaptive reuse, rehabilitation, and conversions totaling 30+ million square feet over the last half century), and a Commercial Finance Group (commercial mortgage origination exceeding $2.5 billion annually plus FHA/HUD financing for apartments, senior housing, skilled care, and assisted living). The company manages 4,600+ multifamily units across 20 properties spanning Chicago, St. Louis, Dallas, Austin, Phoenix, and Denver with stated $1.4 billion in assets under management.
The business model combines recurring management fees (property management, investment management), transaction-based revenue (commercial loan origination, development fees, performance fees on fund assets), and capital deployment economics on owned real estate. The commercial finance arm operates as a mortgage bank originating through 25+ life insurance company relationships, FHA/HUD, Freddie Mac, and Fannie Mae channels, claiming status as the largest single commercial mortgage banking office by volume in the nation. Distribution is sales-led through direct origination teams and augmented by investor portals (Juniper Square, State Street) and a Commercial Tenant Portal.
Technology deployment centers on IoT-enabled predictive maintenance (sensors and AI/ML for leak and HVAC detection) and AI tools for reputation monitoring at named assets, layered on top of in-house property management workflows. Customers span institutional investors (including the Public Employee Retirement System of Idaho via the affiliated Olympic Investors channel), private equity funds, corporations, government agencies, and foundations, alongside B2C residents of owned and managed multifamily properties. Headcount is in the 1,001-5,000 range across all functions.
Draper and Kramer, Incorporated firmographics
Firmographics- Name
- Draper and Kramer, Incorporated
- Legal name
- Draper and Kramer, Incorporated
- Website
- https://draperandkramer.com
- Company type
- Private
- Founded year
- 1893
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Draper and Kramer is a 133-year-old, family-owned, vertically integrated property and financial services firm headquartered in Chicago. It manages 4,600+ multifamily units across 20 properties, runs a $1.4 billion investment platform via the open-ended DK Fund, LP, develops real estate nationwide, and originates over $2.5 billion in commercial loans annually for institutional, government, and corporate clients.
- Ownership category
- akta.pro rank
Draper and Kramer, Incorporated industry classification
Industry- Product category
- Commercial Real Estate Services
- NAICS
- Real Estate Credit (522292), Real Estate (531), Portfolio Management and Investment Advice (52394), Other Activities Related to Real Estate (53139)
- SIC
- Mortgage Bankers & Loan Correspondents (6162), Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512)
- akta.pro primary industry
- Commercial & Multifamily Mortgage Brokers (FSALABAB)
- akta.pro secondary industries
- Debt & Structured Finance / Mortgage Brokerage (BPAJABAK), SME Commercial Real Estate (CRE) Lending (FSABABAG), Multifamily Brokerage (BPAJABAD), Construction & Development (C&D) Lending — Commercial/Multifamily (FSALADAH)
Keywords
Where Draper and Kramer, Incorporated is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Draper and Kramer, Incorporated business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Property Management Fees: Ongoing property management services for owned and third-party multifamily communities, generating recurring management fee revenue
- Investment Management and Performance Fees: Asset management, acquisition, and disposition services for multifamily investment portfolio; fees earned on managed assets including performance-based incentives
- Development Revenue: Ground-up development, adaptive reuse, rehabilitations, and conversions generating development fees and profit participation; successfully developed 30+ million square feet over the last half century
- Commercial Mortgage Production: Commercial mortgage banking and lending services; originates over $2.5 billion annually in commercial loans across all asset classes including apartments, senior housing, and skilled care facilities; sources debt and equity nationally
- FHA/HUD Financing Origination: Federal Housing Administration-approved lender since 1937; originates government financing for apartments, senior housing, skilled care nursing facilities, and assisted living for new construction, rehabilitation, acquisition, and refinancing
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Tempo Nine Mile Station - Studio to 3-bedroom units |
| Unit Pricing | Monthly | The Wright - 1-bedroom to 3-bedroom units |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Draper and Kramer, Incorporated product offering
Product offeringCore offering
Draper and Kramer operates a vertically integrated real estate platform spanning four core service lines: Investment Management (acquisitions, dispositions, asset management, and fund management via the DK Fund, LP open-ended fund), Property Management (marketing, leasing, maintenance, and accounting delivered under the proprietary 'DK Way' service approach), Development (ground-up, adaptive reuse, rehabilitations and conversions of residential and mixed-use properties nationwide), and Commercial Finance Group (commercial mortgage production, servicing, and FHA/HUD financing for apartments, senior housing, and assisted living). The firm manages over 4,600 multifamily units across 20 properties and originates more than $2.5 billion in commercial loans annually.
Product overview
Draper and Kramer, Incorporated is a family-owned property and financial services firm offering a vertically integrated real estate platform with four core product lines: Investment Management (acquisitions, dispositions, asset management, and fund management via the DK Fund, LP open-ended fund), Property Management (marketing, leasing, maintenance, and accounting delivered through the proprietary 'DK Way' service approach), Development (ground-up and adaptive reuse projects nationwide), and Commercial Finance Group (commercial mortgage production, servicing, and FHA/HUD financing). The company manages approximately 4,600+ multifamily units across 20 properties spanning Chicago, St. Louis, Dallas, Austin, Phoenix, and Denver, with $1.4 billion in assets under management and $2.5 billion in annual commercial loan production. The portfolio includes named properties such as Burnham Pointe, Tempo Nine Mile Station, The Wright, DK Riata, Hubbard221, and Wrigleyville Lofts.
Differentiator
Problem solved
Functional benefit
Products and services
- Investment Management
- Property Management
- Development
- Commercial Finance Group
- DK Fund, LP
- Residential Mortgage Lending (Draper and Kramer Mortgage Corp.)
Quantifiable outcome
- 26-story Manhattan tower reduced insurance premium by $300,000 after implementing leak detection technology
- +1 more outcomes
Companies that use Draper and Kramer, Incorporated
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles3 records
Draper and Kramer, Incorporated technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Draper and Kramer, Incorporated partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered key and core.
- Koelbel and CompanykeyJoint venture partner in Tempo Nine Mile Station development at The Point master planned development in Aurora, Colorado. Koelbel and Company is a Colorado-based real estate development firm.
- Mile High DevelopmentkeyJoint venture partner in Tempo Nine Mile Station development in Aurora, Colorado. Contributed to development of the 255-unit rental community.
- Urban Roots Development, Inc.keyJoint venture partner in Tempo Nine Mile Station development in Aurora, Colorado. Contributed to development of the 255-unit rental community.
- Juniper SquarecoreInvestor management platform portal for Draper and Kramer's investor relations and reporting.
- Sares Regis GroupkeyDevelopment partner for The Wright property in Denver, completed in partnership with Carlisle in 2023.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
Draper and Kramer, Incorporated competitors and assessment
Company assessmentDirect peers
- Greystar Real Estate Partners: Largest multifamily property management and investment management firm in the U.S., managing ~800,000 units and offering vertically integrated services including investment management, property management, and development. Closely comparable business model to Draper and Kramer's multifamily platform.
- Lincoln Property Company: Vertically integrated multifamily operator with residential and commercial property management, development, and investment management capabilities. Comparable in offering a full-service real estate platform spanning investment, operations, and development.
- Bozzuto Group: Privately held multifamily developer, owner, and property manager with vertically integrated capabilities similar to Draper and Kramer, including in-house construction services and resident-focused service delivery.
- Waterton: Private multifamily investor and operator with vertically integrated investment, property management, and renovation capabilities. Comparable in operating an open-ended fund structure and focusing on high-quality multifamily assets across U.S. growth markets.
- Walker & Dunlop: Large commercial real estate finance company providing capital across multifamily, senior housing, and commercial assets. Directly comparable to Draper and Kramer's Commercial Finance Group and FHA/HUD financing business.
- Marcus & Millichap: Commercial real estate investment sales and financing intermediary serving institutional and private investors. Comparable to Draper and Kramer's intermediary role in commercial real estate capital sourcing and transaction execution.
- Dominium: Private multifamily developer, owner, and manager specializing in affordable and market-rate apartments. Comparable in vertically integrated model combining development, investment, and property management across U.S. markets.
Broad incumbents
- CBRE Group: Global commercial real estate services firm offering investment management, property management, valuation, and debt/structured finance. Overlaps with Draper and Kramer's commercial finance and investment management capabilities as a broader incumbent.
- JLL (Jones Lang LaSalle): Global real estate services and investment management firm with capital markets, property management, and advisory capabilities. Comparable to Draper and Kramer's debt/equity sourcing and investment management functions.
- Cushman & Wakefield: Global commercial real estate services firm offering valuation, capital markets, and property management. Adjacent competitor to Draper and Kramer's commercial finance and property management operations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Draper and Kramer, Incorporated social profiles
Digital presenceDraper and Kramer, Incorporated financial estimates
Financial estimateRevenue estimate
Valuation estimate
Draper and Kramer, Incorporated leadership team
Management profileNumber of profiles
Profiles11 records
Draper and Kramer, Incorporated subsidiaries and ownership
Company hierarchySubsidiaries4 records
Draper and Kramer, Incorporated funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Draper and Kramer, Incorporated 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 Draper and Kramer, Incorporated
What does Draper and Kramer, Incorporated do?
Draper and Kramer operates a vertically integrated real estate platform spanning four core service lines: Investment Management (acquisitions, dispositions, asset management, and fund management via the DK Fund, LP open-ended fund), Property Management (marketing, leasing, maintenance, and accounting delivered under the proprietary 'DK Way' service approach), Development (ground-up, adaptive reuse, rehabilitations and conversions of residential and mixed-use properties nationwide), and Commercial Finance Group (commercial mortgage production, servicing, and FHA/HUD financing for apartments, senior housing, and assisted living). The firm manages over 4,600 multifamily units across 20 properties and originates more than $2.5 billion in commercial loans annually.
Is Draper and Kramer, Incorporated a public or private company?
Draper and Kramer, Incorporated is a private company. It is classified as family owned and is currently operating.
When was Draper and Kramer, Incorporated founded?
Draper and Kramer, Incorporated was founded in 1893. It employs 1,001 to 5,000 people.
Where is Draper and Kramer, Incorporated based?
Draper and Kramer, Incorporated is headquartered in Chicago, United States, in the North America region.
How does Draper and Kramer, Incorporated make money?
Five revenue lines are on record. Property Management Fees are the primary driver. The others are investment Management and Performance Fees, development Revenue, commercial Mortgage Production and FHA/HUD Financing Origination.
Who are Draper and Kramer, Incorporated's main competitors?
Direct peers on record are Greystar Real Estate Partners, Lincoln Property Company, Bozzuto Group, Waterton, Walker & Dunlop, Marcus & Millichap and Dominium. Broad incumbents are CBRE Group, JLL (Jones Lang LaSalle) and Cushman & Wakefield.
Does Draper and Kramer, Incorporated have an API?
No public API is recorded for Draper and Kramer, Incorporated.
What industry is Draper and Kramer, Incorporated in?
Draper and Kramer, Incorporated's product category is Commercial Real Estate Services. Its primary akta.pro industry code is FSALABAB, Commercial & Multifamily Mortgage Brokers, with a secondary code of BPAJABAK, Debt & Structured Finance / Mortgage Brokerage. Its NAICS code is 522292 and its SIC code is 6162.