What The Simon Companies does

The Simon Companies, LP is a privately held, family-owned property development and management firm founded in 1966 and headquartered at 639 Granite Street, Braintree, Massachusetts. The company acquires, develops, repositions, and manages multifamily and commercial real estate across Massachusetts, Rhode Island, and New Hampshire, with a stated focus on secondary and tertiary New England markets. It operates a portfolio of four commercial executive parks (South Shore Executive Park, 275 Turnpike Executive Park, 639 Granite Executive Park, and 1150 Hancock Street) totaling roughly 234,000 square feet, and twelve residential communities spanning market-rate apartments, townhomes, affordable/subsidized housing (including Section 8 and project-based programs), and independent senior living for residents aged 62 and older.

The company's go-to-market is direct leasing — enterprise field sales for commercial tenants and digital direct-to-consumer leasing for residential tenants — supported by property-specific websites, inquiry forms, and inbound channels. Pricing is quote-based and not publicly disclosed. The firm runs a centralized property management technology platform, administered by Regional Director Warren Lizio, and maintains an IREM Accredited Management Organization (AMO) designation, with greater than 90% of senior site staff holding IREM credentials (CPM, ARM, ACoM). It maintains relationships with MassHousing, Rhode Island Housing, New Hampshire Housing, HUD, NEAHMA, and NCHM to support its affordable and senior housing operations.

Revenue derives from two recurring streams: commercial property leasing (office, R&D, and retail space in executive parks and Quincy CBD locations, including national credit tenants) and residential property rental (market-rate and subsidized multifamily, townhomes, and senior housing). The firm employs more than 75 professionals and is led by Managing Partner and CEO John G. Snyder (joined 2000) and Senior Vice President Christopher E. Mellen (joined 1996, 2016 International President of IREM). Recent operating activity includes completion of a ten-year, multi-million dollar capital improvement campaign, continued acquisition of new properties for development, and organizational scaling through senior HR and finance hires.

Name

The Simon Companies

Legal name

The Simon Companies, LP

Website

https://simoncompanies.com

Company type

Private

Founded year

1966

Operating status

Operating

Headcount range

101–250 employees

Short description

The Simon Companies is a privately held, family-owned real estate firm founded in 1966 that acquires, develops, and manages 4 commercial executive parks and 12 residential properties across Massachusetts, Rhode Island, and New England, serving commercial tenants, market-rate renters, and subsidized/senior housing residents.

Ownership category

akta.pro rank

Product category

Real Estate Property Management and Development

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Operators Of Apartment Buildings (6513), Operators Of Nonresidential Buildings (6512), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Single-Family Rental (SFR) Property Management (BPAJAFAB)

Keywords

• Property management services
• Commercial real estate leasing
• Multifamily housing
• Affordable housing management
• Real estate development

Headquarters

HQ city

Braintree

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Commercial Property Leasing: Revenue from leasing office spaces to commercial tenants in their executive park properties throughout Massachusetts (Braintree, Canton, Quincy). Properties include South Shore Executive Park, 275 Turnpike Executive Park, 639 Granite Executive Park, and 1150 Hancock Street.
2. Residential Property Rental: Revenue from renting multifamily residential units including apartments, townhomes, and senior housing across their portfolio. Properties include affordable housing, market-rate apartments, and senior living communities.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

The Simon Companies acquires, develops, and manages multifamily residential and commercial real estate throughout New England. It directly owns and operates a portfolio of four commercial executive parks and twelve residential communities (market-rate apartments, townhomes, and affordable/senior housing), and delivers property management, leasing, maintenance, asset repositioning, and acquisition services through a proprietary in-house technology platform.

Product overview

The Simon Companies is a property development and management company offering a unified platform of real estate services. The core offerings include Property Management Services (residential and commercial property management, lease negotiation, tenant relations, and maintenance) and Property Development (acquisition, development, and asset repositioning). The company operates an integrated management platform leveraging state-of-the-art technology. The portfolio consists of 4 commercial properties (South Shore Executive Park, 275 Turnpike Executive Park, 639 Granite Street Executive Park, and 1150 Hancock Street) and 12 residential properties (including Admiralty Newport, The Summit Plymouth Townhomes, Bullocks Point Townhomes, Towne House Quincy, Skyline Terrace, Olde Derby Village, Canterbury Arms, Meadowbrook Village, Silsbee Tower, Varney School, Bayside Village, and River Run Apartments) across New England.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Services Comprehensive property management for residential and commercial properties, including lease negotiation, tenant relations, maintenance, and continuous modernization/upgrades of owned assets.
• Property Development Acquisition, development, and asset repositioning of multifamily and commercial real estate throughout New England, working with investors, contractors, architects, engineers, and financial institutions.
• South Shore Executive Park Modern 4-floor, 92,000 SF executive office park in Braintree, MA with 134 parking spaces and Route 128 access; offered for lease to regional companies.
• 275 Turnpike Executive Park 39,000+ SF newly renovated office center in Canton, MA serving regional companies, R&D, and industrial operators.
• 639 Granite Street Executive Park 5-story, 76,000 SF modern office complex in Braintree, MA with on-site conference center, cafeteria, and 242 parking spaces; serves as the firm's headquarters location.
• 1150 Hancock Street 27,000+ SF retail and office space in Quincy, MA CBD with direct Red Line MBTA access at Quincy Center; maintains low turnover and attracts national credit tenants.
• Admiralty Newport High-end apartment community adjacent to Newport Naval Station with granite countertops, designer finishes, fitness center, and pool.
• The Summit Plymouth Townhomes Townhome apartment community in Plymouth, MA with private entries, open floor plans, fitness center, and private dog play park.
• Bullocks Point Townhomes Renovated townhome apartments in Riverside, RI with 1-3 bedrooms, private entrances, fitness center, and proximity to East Bay Bike Trail.
• Towne House Quincy 1-2 bedroom apartments in Quincy, MA with updated kitchens, pool, fitness center, business center, and free parking.
• Skyline Terrace Apartments Spacious 1-2 bedroom apartments in Quincy, MA with Berber carpeting, pool, business center, and Boston skyline views.
• Olde Derby Village Modern apartment homes in Norwood, MA with 1-3 bedrooms, swimming pool, fitness center, clubhouse, and private balconies.
• Canterbury Arms Apartments Apartment community in Brockton, MA ranging from studios to 2 bedrooms with updated pool and fitness center under construction.
• Meadowbrook Village Pet-friendly apartment community in Fitchburg, MA with newly renovated units, dishwashers, and fenced dog park.
• Silsbee Tower Affordable independent living for seniors 62+ in downtown Lynn, MA with library, learning center, and 24-hour support.
• Varney School Apartments Historic Victorian school conversion in Manchester, NH serving elderly and handicapped of limited income with emergency call buttons.
• Bayside Village Apartments Project-based Section 8 community near downtown Newport, RI with 1-3 bedroom units and 24/7 video security.
• River Run Apartments Subsidized housing in Dalton, MA for elders, people with disabilities, and low-income families with emergency pull cord systems.

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered core and minor.

• Institute for Real Estate Management (IREM)coreOthersThe Simon Companies is an Accredited Management Organization (AMO) with IREM. Christopher E. Mellen served as 2016 International President of IREM. The company maintains active involvement in IREM Boston and Rhode Island Chapters. Greater than 90% of senior site staff have earned IREM professional designations (CPM, ARM, ACoM).
• New England Affordable Housing Management Association (NEAHMA)coreOthersActive membership and leadership in NEAHMA. Staff holds professional certifications from NEAHMA. The company participates in current best practices and stays abreast of ever-changing industry trends through this involvement.
• Massachusetts Housing Finance Agency (MassHousing)minorOthersThe company has received recognition/awards from MassHousing for their affordable housing management operations.
• Rhode Island Housing Finance AgencyminorOthersThe company has received recognition/awards from Rhode Island Housing for their property management services in the state.
• New Hampshire Housing Finance AgencyminorOthersThe company has received recognition/awards from New Hampshire Housing for affordable housing management in New Hampshire properties.
• U.S. Department of Housing and Urban Development (HUD)minorOthersThe company has received recognition/awards from HUD for their property management operations, particularly in affordable housing.
• National Center for Affordable Housing Management (NCHM)minorOthersStaff designations from NCHM for affordable housing management certification and training.
• B'nai B'rith Housing New EnglandminorOthersThe company has been recognized by B'nai B'rith Housing New England with awards for their property management and affordable housing operations.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• AvalonBay Communities: NYSE-listed multifamily REIT (AVB) with a meaningful Boston-area apartment presence. Comparable asset class (urban-and-suburban garden-style and mid-rise apartments) and direct-leasing operating model, though at materially greater scale and with public-market capital access.
• Equity Residential: NYSE-listed apartment REIT (EQR) with a substantial Boston/New England urban multifamily portfolio. Comparable apartment-operating model and amenitized residential product, though at institutional REIT scale rather than regional private.
• Greystar Real Estate Partners: Largest U.S. multifamily owner, developer, and third-party manager with significant Boston-area exposure. Directly overlapping apartment-management service line at national scale, representing the institutional competitor Simon benchmarks against.
• Boston Properties: NYSE-listed REIT (BXP) and the dominant Class-A office landlord in Greater Boston. Overlaps directly with Simon's suburban office-park holdings (South Shore Executive Park, 275 Turnpike, 639 Granite) but operates at far greater scale across CBD Class-A product.

Direct peers

• WinnCompanies: Boston-headquartered multifamily and affordable-housing developer and manager with a New England–heavy footprint and similar reliance on HUD and state housing-finance agencies. Most directly comparable peer given parallel urban-suburban MA/RI/NH geography, mixed-income property focus, and long operating history.
• Peabody Properties: Braintree, MA-based residential property manager of multifamily and affordable housing across New England. Closest geographic and operational peer; both firms operate in the same submarket with similar tenant profiles and government-housing partnerships.
• Beacon Communities: New England affordable-housing developer and manager with a portfolio comparable in scale and subsidy exposure to Simon's affordable/senior assets. Directly comparable in revenue mix, regulatory dependencies, and HUD-centric operations.
• The Dolben Company: Massachusetts-based multifamily owner, developer, and manager with a New England portfolio similar to Simon's market-rate apartments and townhome communities. Comparable asset class, comparable regional concentration, and overlapping third-party management capabilities.
• Lincoln Property Company: National multifamily and commercial property manager with a substantial Boston-area office and residential portfolio. Comparable in dual residential/commercial operating model and direct-leasing GTM motion, though at materially greater scale.
• The Bozzuto Group: Northeast-focused multifamily developer, owner, and manager with a residential portfolio and amenitized luxury product similar to Simon's Admiralty Newport and The Summit Plymouth. Comparable in integrated develop-and-manage model and regional mid-Atlantic/Northeast footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 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 Simon Companies