Old Town Companies

What Old Town Companies does

Old Town Companies is a Central Indiana-based private real estate development firm operating as an integrated parent with two wholly-owned operating subsidiaries: Old Town Design Group, which builds custom homes and high-end townhomes and generates over $45 million in annual revenue from new home construction alone; and Old Town Construction, which provides construction management for mixed-use projects. The firm was founded in 2009 by Justin Moffett and Jeff Langston as Old Town Design Group and reorganized in 2018 under the Old Town Companies umbrella to pursue larger community-focused mixed-use developments. Headquartered in Carmel, Indiana, Old Town delivers master-planned communities, mixed-use developments, multifamily apartments, Class A commercial space, and luxury condominiums across Central Indiana, from West Lafayette (Purdue Discovery Park District) to Franklin, with active projects in Carmel, Zionsville, Westfield, and Noblesville.

The company's business model combines one-time real estate sales (custom homes priced up to $3 million, luxury condominiums, for-sale townhomes), recurring rental income from approximately 1,000+ multifamily units owned across five communities, commercial lease income from anchor tenants such as Allied Solutions and Sun King Spirits, and professional construction management fees. Go-to-market is enterprise field sales targeting municipal public-private partnerships, landowners, and commercial tenants; the firm positions itself as a creative problem-solver for complex entitlement, brownfield, and mixed-use challenges. Notable scale metrics include a $1 billion master-developer role at Purdue's Discovery Park District, a $300 million-plus public-private investment at Midtown Carmel, 1,000+ multifamily units, 700+ custom homes built, and 600+ lots delivered. Leadership includes Justin Moffett (CEO), Jeff Langston (Founder, home construction), Kimberly Hansen (COO), Kyle May (President & CFO), and a development bench drawn from peer firms including Trinitas, Flagship Enterprise Center, Pepper Construction, and Thompson Thrift.

Name

Old Town Companies

Legal name

Old Town Companies, L.L.C.

Website

https://oldtowncompanies.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Old Town Companies is a Carmel, Indiana-based private real estate developer delivering master-planned mixed-use communities, custom homes, multifamily rentals, and Class A commercial space across Central Indiana via subsidiaries Old Town Design Group and Old Town Construction, serving municipalities, landowners, homebuyers, and commercial tenants.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Management of Companies and Enterprises (55), Residential Building Construction (23611), Commercial and Institutional Building Construction (236220)

SIC

Real Estate (6500), Operators Of Apartment Buildings (6513), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG)

akta.pro secondary industries

Senior Living Property Management (BPAJAGAI), Senior Living & Assisted Living Facility Construction (IMAFACAJ)

Keywords

• Real estate development
• Mixed-use communities
• Custom home building
• Construction management
• Master-planned communities

Headquarters

HQ city

Carmel

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Custom Home Building: Old Town Design Group builds custom homes with annual revenue of over $45M from new home construction alone
2. Land Development: Large-scale master-planned community development, multifamily unit development, and mixed-use property development
3. Construction Management: Old Town Construction provides construction management services for mixed-use projects
4. Real Estate Investment: Investment in residential and commercial properties including apartments, retail, and office spaces

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Old Town Companies is a Central Indiana land development, construction, and real estate investment company that pursues large-scale, mixed-use and master-planned community projects from concept to reality. Through Old Town Design Group it builds custom homes and townhomes, and through Old Town Construction it provides construction management for mixed-use projects, serving municipalities, landowners, businesses, homebuyers, and renters.

Product overview

Old Town Companies is a Central Indiana land development, construction, and real estate investment company that operates as a parent holding company with two main subsidiaries: Old Town Design Group (custom home building and townhomes) and Old Town Construction (construction management for mixed-use projects). The company develops master-planned communities across Central Indiana including completed projects like Sunrise on the Monon, North End, Provenance at Discovery Park, Federal Hill, MidTown Plaza Carmel, and Magnolia, as well as active developments Wild Air and Union Square. Projects range from single-family homes and apartments to mixed-use retail and commercial spaces.

Differentiator

Problem solved

Functional benefit

Products and services

• Old Town Design Group (Custom Home Building) Wholly-owned home building subsidiary of Old Town Companies that crafts custom homes, curated home designs, and high-end townhomes to the highest standards of quality and design in Central Indiana's most sought-after communities, with annual revenue over $45M from new home construction alone.
• Old Town Construction (Construction Management) Wholly-owned construction management subsidiary of Old Town Companies, staffed by experienced construction management professionals and specializing in mixed-use projects.
• Wild Air (Mixed-Use Development, Zionsville) Multi-faceted mixed-use development in Zionsville, IN on 260 acres featuring six distinct neighborhoods with clubhouse, retail/dining, interconnected trail network, large custom estates, smaller custom homes, single-story section, townhomes, and luxury apartments; the developer's largest project to date.
• The Union at Grand Junction / Union Square (Mixed-Use Development, Westfield) Mixed-use development in Westfield, IN with $50 million projected private investment, featuring 196 residential units, 13,000 sq ft office/retail, 13,000 sq ft outdoor courtyard, 10,000 sq ft amenity space with swimming pool, and parking garage.
• Sunrise on the Monon (Residential Community) 80-acre residential community in Carmel, IN redeveloped from a golf course, featuring 148 single-family home lots and 256 custom-designed apartments near the Monon Trail.
• North End (Integrated Community, Carmel) 28-acre integrated community on Carmel's north side with 168 apartment units in three buildings, 46 townhomes, 10 single-family lots, and 25,000 sq ft retail/office space; includes a portion dedicated to residents with intellectual or developmental disabilities.
• Provenance at Discovery Park (Master-Planned Community, West Lafayette) Mixed residential village in West Lafayette, IN developed as master developer for Purdue Research Foundation's $1B Discovery Park District, including single-family homes, townhomes, luxury condominiums, and multifamily rental apartments in a walkable environment near campus.
• Federal Hill (Mixed-Use Community, Noblesville) Vibrant mixed-use community in downtown Noblesville, IN featuring 10,000 sq ft retail space and 222 apartments across two buildings, with amenities including pool, amphitheater access, and parking.
• MidTown Plaza Carmel (Urban Revitalization) Urban revitalization project in Carmel, IN transforming an old industrial area into a unique urban atmosphere with commercial, entertainment, and urban-style living; connects the Arts & Design District to City Center; backed by $300M+ public-private investment.
• Magnolia: Luxury Living at 126th & Rangeline (Luxury Condominiums) Luxury condominium development at the southeast corner of 126th Street and South Rangeline Road in Carmel, with five units per building and covered parking, across from shops, restaurants, and Carmel Palladium.

Quantifiable outcome

• Midtown Carmel transformed former industrial yard into award-winning community landmark with $300M+ public-private investment
• +3 more outcomes

Named customers4 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

Partnerships

Six partnerships are on record, tiered core and minor.

• Purdue Research FoundationcoreStrategic or Co-development PartnerOld Town Companies serves as the master developer for Discovery Park District, a $1 Billion project transforming the west side of Purdue University's campus. Old Town is developing Provenance at Discovery Park District as a mixed residential village with single family homes, townhomes, luxury condominiums, rental apartments, and retail space.
• City of WestfieldcoreStrategic or Co-development PartnerPartnership for Union Square mixed-use development immediately north of Grand Junction Plaza. The $50 million project includes retail shops, eateries, market-rate apartments, outdoor courtyard, amenity space, and parking garage over three to five years.
• Ambrose DevelopmentcoreStrategic or Co-development PartnerMultiple partnerships for Midtown Carmel developments including Allied Solutions headquarters ($33 million, 137,000 sq ft, 5-story building bringing 600 jobs) and MJ Insurance headquarters relocation into 30,000 sq ft of Class A office space.
• Sun King SpiritscoreStrategic or Co-development PartnerDevelopment of a family-friendly food hall in the heart of Midtown Carmel. The 15,000 square foot, two-story structure on a public event plaza features bars, restaurants, market, and Sun King's distillery operations with event room and sun deck.
• Sun King BrewerycoreStrategic or Co-development PartnerSun King brewery was the first tenant approved for Westfield's Union Square mixed-use development. The $25 million commercial and residential project next to Grand Junction Plaza.
• Fields Market GardenminorGTM or Marketing PartnerCommunity partnership with Fields Market Garden, a nonprofit that produces flowers and fresh greens in the heart of Carmel. Kate Sexton serves as urban farmer and community supporter at North End.

Scale indicators14 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Milhaus: Indianapolis-based multifamily and mixed-use developer focused on urban and walkable communities. Comparable product type and Indiana footprint to Old Town's mixed-use developments.
• Buckingham Companies: Indianapolis-based real estate investment and development firm focused on multifamily, mixed-use, and student housing. Directly comparable in product type and Indiana geographic focus.
• Lauth Property Group: Indianapolis-based commercial and mixed-use real estate developer. Comparable in geography and product mix to Old Town Companies, and a former employer of SVP Ryan Weyer.
• Herman & Kittle Properties: Indianapolis-headquartered multifamily developer and property manager operating across the Midwest. Highly comparable to Old Town's apartment and mixed-use community development, and a former employer of Old Town COO Kimberly Hansen.
• Flaherty & Collins Properties: Indianapolis-based mixed-use, multifamily, and historic redevelopment developer. Highly comparable to Old Town's mixed-use apartment and community-focused product line in Indiana.
• Ambrose Development: Indiana-based mixed-use development partner that has co-developed Midtown Carmel projects with Old Town (Allied Solutions HQ, MJ Insurance HQ). Direct peer in scale, geography, and mixed-use product type.
• Cityscape Residential: Indianapolis-based developer specializing in mixed-use, multifamily, and mixed-income communities. Comparable product type, inclusive-housing orientation, and Indiana footprint to Old Town Companies.
• Trinitas Ventures: Indianapolis-based mixed-income and mixed-use multifamily developer. Directly comparable to Old Town Companies given shared Indiana footprint, multifamily/mixed-use focus, and overlapping executive alumni (COO Kimberly Hansen previously led $200M+ in closings at Trinitas).

Broad incumbents

• Thompson Thrift: Indianapolis-based national real estate developer of multifamily, mixed-use, and commercial properties. Comparable in product type to Old Town and a former employer of SVP Ryan Weyer; operates at broader geographic scale.
• Pepper Construction: Midwest-focused construction management and general contracting firm. Comparable to Old Town Construction subsidiary and a former employer of SVP Ryan Weyer; operates as a broader contractor rather than owner-developer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/oldtowncompanies
• LinkedInlinkedin.com/company/old-town-companies
• Instagraminstagram.com/oldtowncompanies

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries2 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 Old Town Companies