33 Realty
33 Realty was a Chicago-based integrated multifamily real estate services firm offering property management, leasing, investment brokerage, and in-house construction to investors and property owners across the Chicago metro and select Midwest markets. It was acquired by Evernest in April 2025.
- Company typePrivate
- Founded2009
- HeadquartersChicago, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What 33 Realty does
33 Realty was a privately held, fully integrated commercial and multifamily real estate services firm headquartered in Chicago, Illinois, founded in 2009 during the housing crisis. The firm served middle-market multifamily property owners and investors across the Chicago metropolitan area (West, North, and South sides plus suburbs), Northwest Indiana, and Southern Michigan, managing approximately 3,500 residential and commercial units. Its service offering spanned four core product lines: full-service property management (rent collection, maintenance, marketing, financial reporting, tenant screening); leasing for mid-rise, high-rise, garden-style, and scattered-site portfolios; investment brokerage covering middle-market multifamily, new construction, condo deconversions, and distressed/note sales; and a dedicated Distressed Real Estate Services line for financial institutions, private equity firms, family offices, and hedge funds. The firm also operated Cubed Construction, a wholly-owned construction subsidiary launched in 2015, providing CapEx rehab, construction management, and renovation services that enabled cross-service coordination across the full investment lifecycle.
The firm's underlying technology was assembled entirely from third-party platforms rather than proprietary systems. AppFolio powered the tenant and owner portals used for rent collection, lease management, and property operations; Findigs handled tenant screening and rental applications; and OMC (Moving Concierge) provided move-related services to residents. Marketing-grade listing distribution relied on ILS partnerships with Zillow, Hotpads, Trulia, and Apartments.com. The firm cited 16+ years of accumulated market data as the basis for data-driven marketing strategies and accurate property valuations, and achieved operational scale signals including 95% resident adoption of the online payment portal and a 3% delinquency rate.
Revenue was generated through multiple streams: recurring property management fees (a subscription-style model tied to units under management), transaction-based commissions from leasing and investment brokerage, and professional services fees from Cubed Construction. Customer segments spanned individual investors, mid-market developers, and enterprise clients (e.g., Golub & Company, Inland National Development, LG Development, Blitzlake, Wildwood Investments). The firm earned three INC. 5000 appearances (2016, 2018, 2020), RE Journal's Best of the Best Midwest Brokers recognition in 2019, and CoStar Power Broker designations for senior brokerage personnel. On April 29, 2025, 33 Realty was acquired by Evernest; property management, leasing, and maintenance operations transitioned to Evernest's platform, while investment brokerage continues to operate under the 33 Realty brand.
33 Realty firmographics
Firmographics- Name
- 33 Realty
- Legal name
- 33 Realty LLC
- Website
- https://33realty.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Acquired
- Headcount range
- 251–500 employees
- Short description
- 33 Realty was a Chicago-based integrated multifamily real estate services firm offering property management, leasing, investment brokerage, and in-house construction to investors and property owners across the Chicago metro and select Midwest markets. It was acquired by Evernest in April 2025.
- Ownership category
- akta.pro rank
33 Realty industry classification
Industry- Product category
- Commercial and Multifamily Real Estate Services
- NAICS
- Real Estate Property Managers (53131), Residential Property Managers (531311), Offices of Real Estate Agents and Brokers (53121)
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Multifamily Brokerage (BPAJABAD)
- akta.pro secondary industries
- Residential Real Estate Brokerage (Buy/Sell) (FSAEAJAA), Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE), Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB), Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)
Keywords
Where 33 Realty is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
33 Realty business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Property Management Services: Ongoing property management fees for residential and commercial units including rent collection, maintenance, marketing, financial reporting, and tenant screening services.
- Investment Brokerage: Brokerage commissions on multifamily, land, and deconversion transactions. Covers simple 6-unit buildings to complex land transactions.
- Leasing Services: Leasing agent services for mid-rise, high-rise, and garden-style apartments. Commissions on lease transactions.
- Cubed Construction (Maintenance/Rehab): In-house construction and renovation services for multifamily and commercial properties under Cubed Construction brand.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
33 Realty product offering
Product offeringCore offering
33 Realty is a fully integrated commercial and multifamily real estate services firm that provides property management (rent collection, maintenance, marketing, financial reporting, tenant screening), residential leasing for mid-rise, high-rise, garden-style, and scattered-site apartments, investment brokerage for middle-market multifamily, new construction, condo deconversions, and distressed sales, and in-house construction/rehab services through its Cubed Construction subsidiary. Services are delivered across the Chicago metropolitan area, Northwest Indiana, and Southern Michigan to property owners, real estate investors, and financial institutions.
Product overview
33 Realty is a commercial and multifamily real estate services firm offering an integrated suite of services: Property Management (handling rent collection, maintenance, marketing, financial reporting, and tenant screening), Leasing (for mid-rise, high-rise, garden-style and scattered-site portfolios), Investment Brokerage (middle-market multifamily, new construction, deconversions, distressed sales), and Distressed Real Estate Services. The company also operates Cubed Construction as an in-house maintenance and renovation division for CapEx rehab and construction projects. This integrated model allows cross-service coordination across property management, leasing, brokerage, and construction operations.
Differentiator
Problem solved
Functional benefit
Brands
- Cubed Construction: Multi-family and commercial renovation company offering construction management, design progression, entitlements, and asset management services
- 33 University
Products and services
- Property Management Full-service residential property management covering rent collection, maintenance, property marketing, financial reporting, and tenant screening for multifamily properties including mid-rise, high-rise, garden-style apartments, and scattered-site portfolios. Target customers are property owners and investors in the Chicago metropolitan area, Northwest Indiana, and Southern Michigan.
- Leasing Apartment leasing services for mid-rise, high-rise, garden-style apartments and scattered-site portfolios. Includes strategic marketing, tenant placement, and lease-up execution for luxury and market-rate properties on behalf of multifamily owners.
- Investment Brokerage Multifamily, land, and deconversion brokerage services covering middle-market transactions from 6-unit buildings to complex land deals. Specializes in middle-market multifamily, new construction opportunities, condo deconversions, and distressed sales and note sales for buyers, sellers, developers, and financial institutions.
- Cubed Construction In-house maintenance and renovation company providing CapEx rehab, construction management, and property improvement services for multifamily and commercial properties. Handles plumbing, electrical, HVAC, cleaning, and renovation projects for property owners served by 33 Realty.
- Distressed Real Estate Services Asset management services for distressed properties including work with financial institutions, private equity firms, family offices, and hedge funds. Focuses on asset enhancement, cost management, income appreciation, court-appointed receivership in foreclosure cases, and disposition of distressed assets and notes.
Quantifiable outcome
- 95% of residents use online payment portal
- +2 more outcomes
Companies that use 33 Realty
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
33 Realty technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature3 records
33 Realty partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- OMC (Moving Concierge)minor33's Moving Concierge (OMC) provides one-call solution for managing moves including moving company arrangements, utility setup, and address changes. Available to tenants as part of resident benefits.
- FindigscoreTenant screening and rental application platform used for apartment listings and lease applications.
Scale indicators9 records
Recent moves14 records
Expansion highlights5 records
33 Realty competitors and assessment
Company assessmentBroad incumbents
- JLL (Jones Lang LaSalle): Global real estate services and investment management firm whose multifamily and investment sales practices overlap directly with 33 Realty's Chicago and Midwest operations.
- Compass: Technology-enabled residential real estate brokerage with significant Chicago presence and growing property management practice. Competes with 33 for both agents and clients.
- Greystar Real Estate Partners: Largest U.S. multifamily property manager and developer, operating nationally with similar integrated management, leasing, and investment services. Comparable operating model at vastly larger scale.
- Lincoln Property Company: National residential and commercial property management firm with integrated leasing, brokerage, and development services. Directly comparable across the same line of business as 33 Realty.
- CBRE Group: Global commercial real estate services firm offering investment sales, property management, and valuation services that overlap with 33's investment brokerage team — several 33 brokers come from CBRE valuations backgrounds.
- Cushman & Wakefield: Global real estate services firm providing investment sales, property management, and consulting. Comparable in multifamily and investment brokerage services at national scale.
Direct peers
- @properties: Chicago-headquartered residential brokerage and property management firm with a large Chicago-area agent network and overlapping multifamily and condo deconversion services. One of 33 Realty's most direct Chicago competitors.
- Marcus & Millichap: Specialized investment real estate brokerage covering multifamily and commercial assets. Comparable to 33's investment brokerage arm in target asset classes and transaction profile.
- Apartment Management Consultants (AMC): Mid-market multifamily property management firm serving similar client profiles (small/mid institutional and private owners) with comparable full-service management and leasing offerings.
Others
- Evernest: 33 Realty's strategic acquirer as of April 2025; now operates 33's property management, leasing, and maintenance under the Evernest MFR umbrella while brokerage remains at 33. Most relevant as the parent platform governing 33's PM operations going forward.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
33 Realty social profiles
Digital presence33 Realty financial estimates
Financial estimateRevenue estimate
Valuation estimate
33 Realty leadership team
Management profileNumber of profiles
Profiles9 records
33 Realty subsidiaries and ownership
Company hierarchySubsidiaries1 record
33 Realty funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
33 Realty 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 33 Realty
What does 33 Realty do?
33 Realty is a fully integrated commercial and multifamily real estate services firm that provides property management (rent collection, maintenance, marketing, financial reporting, tenant screening), residential leasing for mid-rise, high-rise, garden-style, and scattered-site apartments, investment brokerage for middle-market multifamily, new construction, condo deconversions, and distressed sales, and in-house construction/rehab services through its Cubed Construction subsidiary. Services are delivered across the Chicago metropolitan area, Northwest Indiana, and Southern Michigan to property owners, real estate investors, and financial institutions.
Is 33 Realty a public or private company?
33 Realty is a private company. It is classified as corporate owned and is currently acquired.
When was 33 Realty founded?
33 Realty was founded in 2009. It employs 251 to 500 people.
Where is 33 Realty based?
33 Realty is headquartered in Chicago, United States, in the North America region.
How does 33 Realty make money?
Four revenue lines are on record. Property Management Services are the primary driver. The others are investment Brokerage, leasing Services and cubed Construction (Maintenance/Rehab).
Who are 33 Realty's main competitors?
Broad incumbents on record are JLL (Jones Lang LaSalle), Compass, Greystar Real Estate Partners, Lincoln Property Company, CBRE Group and Cushman & Wakefield. Direct peers are @properties, Marcus & Millichap and Apartment Management Consultants (AMC). Evernest is listed as an others.
Does 33 Realty have an API?
No public API is recorded for 33 Realty.
What industry is 33 Realty in?
33 Realty's product category is Commercial and Multifamily Real Estate Services. Its primary akta.pro industry code is BPAJABAD, Multifamily Brokerage, with a secondary code of FSAEAJAA, Residential Real Estate Brokerage (Buy/Sell). Its NAICS code is 53131 and its SIC code is 6531.