What Princeton Properties does

Princeton Properties Management, Inc. is a vertically integrated multifamily owner, operator, and developer founded in 1973 in Lowell, Massachusetts. The company owns and manages more than 7,000 apartment homes across 30+ communities in Massachusetts, New Hampshire, and Maine, offering unfurnished market-rate apartments under standard monthly leases, affordable housing managed in partnership with three state housing finance agencies, and a corporate furnished-housing service for 30+ day extended stays serving relocating executives, consultants, and insurance placements. Princeton is the largest provider of furnished apartments in New England, with operations that include in-house acquisitions and rehabilitation, ground-up new development, and a third-party property management service for external owners. Revenue is generated through monthly rental income on owned units, management fees on third-party and affordable-housing portfolios, and premium rates on furnished units.

Name

Princeton Properties

Legal name

Princeton Properties Management, Inc.

Website

https://princetonproperties.com

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

101–250 employees

Short description

Princeton Properties is a vertically integrated multifamily owner, operator, and developer founded in 1973, managing 7,000+ apartment homes across Massachusetts, New Hampshire, and Maine. It serves individual renters, corporate clients, and third-party property owners with unfurnished, furnished, and affordable housing.

Ownership category

akta.pro rank

Product category

Multifamily Property Management

NAICS

Residential Property Managers (531311), Rental and Leasing Services (532)

SIC

Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industries

Corporate Extended-Stay Housing (Relocation & Project-Based) (THAMAFAA), Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD), Workforce/Project-Based Extended Stay (Industrial & Construction) (THAGAEAH)

Keywords

• Multifamily property management
• Apartment rental services
• Corporate furnished housing
• Affordable housing management
• Real estate acquisitions

Headquarters

HQ city

Lowell

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, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Apartment Rentals: Princeton Properties generates revenue through monthly rental payments from residents in their owned apartment communities across Massachusetts, New Hampshire, and Maine
2. Corporate Furnished Housing: Extended-stay furnished apartments for executives relocating or needing temporary housing for 30+ days, providing higher revenue per unit than standard rentals
3. Third-Party Property Management: Property management services provided to external property owners and investors, generating management fee income
4. Affordable Housing Management: Management of affordable housing communities working with housing finance agencies, including tax exempt bonds, credit enhancements, and tax credits

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Princeton Properties owns, operates, and manages more than 7,000 apartment homes across 30+ multifamily communities in Massachusetts, New Hampshire, and Maine, offering standard unfurnished rentals and fully-furnished corporate apartments for 30+ day extended stays. The company also provides third-party property management, affordable housing management in partnership with state housing finance agencies, and in-house acquisitions, rehabilitation, and new development of multifamily properties.

Product overview

Princeton Properties operates as a multifamily property management company offering a portfolio of apartment communities and corporate furnished housing across Massachusetts, New Hampshire, and Maine. The core offerings consist of unfurnished apartments across 30+ communities (including The James, Princeton Bradford, and new developments like Princeton Wilmington, The Bellamy, Tamarlane, Coach Lantern, Foxcroft, and Brookstone Manor) and corporate furnished housing for extended stays of 30+ days. The company also provides third-party property management services, acquisitions and rehabilitations, new development and construction, affordable housing management, and leasing and marketing services. Property amenities include technologically advanced features such as keyless entry systems, high-speed internet, WiFi hotspots, and car charging ports, with resident services powered by the Entrata platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Unfurnished Apartment Rentals Standard unfurnished rental apartments available for lease across 30+ apartment communities in Massachusetts, New Hampshire, and Maine, with flexible rents and lease terms. Designed for individuals, families, and long-term residents.
• Corporate Furnished Housing Fully-furnished temporary housing for extended stays of 30+ days, serving relocating executives, consultants, insurance placements, entertainment groups, and employees on special projects. Includes complete furnishings, high-speed internet, full kitchen package, bed and bath linens, bi-weekly housekeeping, cable TV, and pet-friendly options at select locations.
• Third-Party Property Management Full-service property management for external property owners and investors, including site-specific management, marketing, and operating plans that reflect individual property needs and owner goals. Generates management fee income for Princeton.
• Affordable Housing Management Quality affordable housing management services since 1993, working with state housing finance agencies including the Massachusetts Housing Finance Agency, New Hampshire Housing Finance Authority, and Maine State Housing Authority, including tax-exempt bonds, credit enhancements, and tax credits.
• Acquisitions and Rehabilitations Acquisition and renovation of distressed properties through interior and exterior renovations, followed by strategic repositioning within surrounding communities. Princeton's rehabilitation expertise has earned multiple industry awards including the National Apartment Association Paragon Award for Best Rehab.
• New Development and Construction In-house new construction of apartment communities including permitting, design, architecture, construction, and pre-opening marketing with project management capabilities. Includes Princeton's first fossil-free construction project, The James.
• Leasing and Marketing Services Comprehensive leasing and marketing organization including media planning, website design, collateral development, creative advertising, and a team of National Apartment Leasing Professional (NALP) certified leasing professionals.
• The James Apartments Luxury apartment homes in Haverhill, MA with impressive amenities and thoughtfully designed floor plans. Starting rents at $2,595.
• The Bellamy Apartments Remodeled apartment homes in Portland, ME with reserved off-street parking, on-site laundry, and a cat-friendly atmosphere.
• Tamarlane Apartments Spacious apartment community in Portland, ME's Back Cove neighborhood featuring a bark park, saltwater swimming pool, and fitness center.
• Coach Lantern Apartments Townhouse community on 26 acres in Scarborough, ME with fitness facilities, playgrounds, and a dog run.
• Foxcroft Apartments Townhome living in Scarborough, ME with community gardens, playgrounds, fitness center, and wooded surroundings.
• Brookstone Manor Apartments Apartment community in Milford, NH with spacious one- and two-bedroom floor plans, in-unit laundry, and pet-friendly living near the Souhegan River.
• Princeton Bradford Apartments Apartment homes in the Bradford neighborhood of Haverhill, MA offering one- to one-and-a-half bedroom units starting at $2,050.
• Princeton Wilmington Apartments New apartment community under development in Wilmington, MA positioned as a commuter's dream with proximity to train access and modern amenities. Scheduled to open Summer 2026.

Quantifiable outcome

• Over 50 years of successful property management operations
• +2 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

Feature3 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Chestnut RealtyminorStrategic or Co-development PartnerPrinceton Properties announced a new property management assignment partnership with Chestnut Realty, representing an expansion of their third-party management services through a new collaboration.
• Massachusetts Housing Finance AgencycoreOthersSince 1993, Princeton Properties has worked effectively with the Massachusetts Housing Finance Agency to rehabilitate distressed affordable housing communities, including tax exempt bonds, credit enhancements, and tax credits.
• New Hampshire Housing Finance AuthoritycoreOthersPrinceton Properties has worked with the New Hampshire Housing Finance Authority since 1993 on affordable housing community rehabilitation and development projects.
• Maine State Housing AuthoritycoreOthersPartnership with Maine State Housing Authority for affordable housing community management and rehabilitation since 1993.
• Oakwood WorldwideminorStrategic or Co-development PartnerOakwood Worldwide recognized Princeton Properties as an Accredited Provider in 2007, 2008, and 2009, acknowledging their excellence in temporary furnished apartments service.
• Corporate Housing Providers Association (CHPA)coreStrategic or Co-development PartnerCHPA awarded Princeton Properties the Tower of Excellence Award in 2010 for Best Provider Member of the Year, recognizing Terry Flahive as Individual recipient.
• Mill City GrowsminorOthersNonprofit partner in Princeton Cares community giving initiative, focused on local food access and urban agriculture in Lowell.
• Building ImpactminorOthersNonprofit partner for community building and volunteer initiatives as part of Princeton Cares program.
• Project Home AgainminorOthersNonprofit partner for community support and giving back initiatives.

Scale indicators6 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• WinnCompanies: Boston-based multifamily property manager with major affordable housing portfolio across New England; directly comparable to Princeton on third-party management, affordable housing, and owned portfolio across overlapping geographies.
• Peabody Properties: New England-focused multifamily property manager with strong affordable housing practice; directly comparable given shared regional focus and affordable housing management revenue mix.
• Bozzuto Group: Mid-Atlantic and Northeast multifamily owner/operator and third-party manager; competes in similar geographies with comparable mix of owned, managed, and corporate housing services.
• The Dolben Company: New England multifamily owner-operator and third-party manager with portfolio across MA and NH; directly competes with Princeton for residents, third-party contracts, and acquisitions in core markets.
• Berkshire Residential Investments: Multifamily investment and property management firm with East Coast portfolio; competes for third-party management mandates and institutional capital partnership opportunities.
• Furnished Quarters: Corporate housing and serviced apartment provider serving extended-stay business travelers; directly comparable to Princeton's corporate furnished housing product line for relocation and project-based stays.

Broad incumbents

• Greystar Real Estate Partners: Largest US multifamily property manager and operator with broader geographic reach and institutional capital backing; competitor for third-party management contracts and acquisitions across the East Coast.
• AvalonBay Communities: Large publicly-traded multifamily REIT with significant New England presence (including Boston-area assets); competes for residents and development sites, with greater capital access.
• Equity Residential: Multifamily REIT with major Boston and broader Northeast portfolio; a scaled institutional owner competing in the same primary markets Princeton operates in.
• Related Companies: Large national developer and operator with significant affordable housing and multifamily presence; relevant competitor for affordable housing LIHTC assignments and large-scale development in Northeast markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/princetonapts
• YouTubeyoutube.com/WWW.PRINCETONPROPERTIES.COM
• Facebookfacebook.com/princeton-properties-apartments-in-ma-nh-and-me-17290792182
• LinkedInlinkedin.com/company/princeton-properties
• Instagraminstagram.com/WWW.PRINCETONPROPERTIES.COM

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 Princeton Properties