The Carabetta Companies

Name

The Carabetta Companies

Legal name

The Carabetta Companies

Website

https://carabetta.com

Company type

Private

Founded year

1950

Operating status

Operating

Headcount range

51–100 employees

Short description

The Carabetta Companies is a family-owned, vertically integrated real estate firm founded in 1950 that develops, acquires, and manages over 10,000 residential units across Connecticut, Massachusetts, and Florida, holding Connecticut's largest portfolio of Low-Income Housing Tax Credit properties.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Real Estate Property Managers (53131), Lessors of Real Estate (5311)

SIC

Real Estate Agents & Managers (For Others) (6531), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

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

akta.pro secondary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

Keywords

• Residential property management
• Affordable housing development
• Multifamily housing
• Tax credit properties
• Real estate acquisitions

Headquarters

HQ city

Meriden

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Rental Income: The company generates primary revenue through rental income from over 10,000 residential units they manage across Connecticut, Massachusetts, and Florida.
2. Development and Acquisitions: Revenue generated through development and acquisition of residential properties, including government-subsidized affordable housing developments using tax credit programs.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

The Carabetta Companies is a vertically integrated real estate firm that acquires, develops, constructs, and manages residential rental properties across Connecticut, Massachusetts, and Florida. The company manages more than 10,000 residential units, including market-rate apartments, affordable housing under Section 8 and Section 236, Low-Income Housing Tax Credit properties (Connecticut's largest portfolio), and senior housing communities. It also undertakes real estate development, financing, and acquisition/rehabilitation of troubled properties using HUD and government-insured funding.

Product overview

The Carabetta Companies operates as a vertically integrated real estate firm offering three core service areas: Residential Property Management, Development/Acquisitions, and Construction Management. Their portfolio includes over 20,000 units of multifamily housing, elderly housing, high-rise buildings (some up to 22 stories), and single-family subdivisions. The company manages over 10,000 residential units and employs nearly 400 staff members. Their property management services encompass Low-Income Housing Tax Credit properties (Connecticut's largest portfolio), Section 236, senior programs, Section 8, and market rate rental properties. The company specializes in acquiring and rehabilitating troubled properties throughout New England.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Property Management Comprehensive management of rental residential properties, including leasing, marketing, compliance oversight, maintenance, and resident services. Covers market-rate units, Section 8, Section 236, Low-Income Housing Tax Credit, and senior housing programs across Connecticut, Massachusetts, and Florida, with over 10,000 units under management.
• Development / Acquisitions Vertically integrated real estate development covering site evaluation, acquisition, design and planning, financing, construction, and ongoing management. Has financed over $1 billion in HUD and government-insured funding and state and federal tax credit equity, and has developed more than 20,000 residential units nationwide.

Quantifiable outcome

• 20,000 units developed and awarded
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Beacon Communities: Beacon Communities develops, owns, and manages affordable and mixed-income multifamily housing, with a strong Northeast presence and LIHTC focus that closely mirrors Carabetta's portfolio mix and development pipeline.
• Conifer Realty: Conifer Realty develops and manages affordable and mixed-income multifamily housing primarily in the Northeast and Mid-Atlantic, with a similar LIHTC-driven model and resident services orientation to Carabetta.
• The NRP Group: NRP is a vertically integrated developer, owner, and manager of affordable and market-rate multifamily housing, comparable to Carabetta's integrated acquisition-to-management model and reliance on LIHTC equity.
• WinnCompanies: WinnCompanies is one of the largest multifamily property managers and developers in the U.S. with a major affordable-housing focus, directly comparable to Carabetta's combination of LIHTC/Section 8 management and mixed-income development in the Northeast.
• WinnDevelopment: WinnDevelopment specializes in acquiring and rehabilitating affordable multifamily properties using LIHTC and HUD financing, closely aligned with Carabetta's troubled-property acquisition and rehab strategy in New England.
• Bozzuto Group: Bozzuto is a Northeast-focused multifamily developer, owner, and property manager with a meaningful affordable-housing book, comparable to Carabetta's regional focus and integrated service offering.
• Corcoran Jennison Properties: Corcoran Jennison is a New England-based multifamily developer and manager with affordable-housing expertise, comparable to Carabetta in regional footprint, vertical integration, and mixed-income portfolio strategy.

Emerging players

• Preservation of Affordable Housing (POAH): POAH is a nonprofit acquirer, developer, and operator of affordable multifamily housing, comparable to Carabetta on the affordable side but with a mission-driven ownership model rather than family ownership.

Broad incumbents

• The Related Companies: Related is a national, vertically integrated real estate developer with a large affordable-housing arm (Related Affordable), competing for LIHTC allocations and HUD financing at a much larger scale than Carabetta.
• Greystar Real Estate Partners: Greystar is the largest U.S. multifamily property manager and a major developer/investor, operating at significantly greater scale than Carabetta but competing for the same owners, residents, and affordable-housing mandates.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Carabetta Companies