The Rosenblum Companies

What The Rosenblum Companies does

The Rosenblum Companies is a privately held, family-owned real estate development and property management firm founded in 1979 and headquartered in Albany, New York. The company develops, owns, and manages a diversified Capital Region portfolio spanning commercial office space, multifamily residential housing, self-storage, coworking, and luxury condominiums. Its commercial holdings exceed one million square feet anchored by Great Oaks Office Park in Guilderland and the Wolf Road/Winners Circle cluster in Colonie, while its residential portfolio totals more than 332 units across Industrie Apartments in Albany, Vicina, The News Apartments, and Sol Apartments in Troy. The firm monetizes primarily through recurring rental income (commercial triple-net and residential leases, self-storage subscriptions), supplemented by condominium sales at 17 Chapel and third-party property management fees.

The company's technical differentiator is its leadership in sustainable and zero-emission multifamily construction, including the first zero-emission midrise multifamily building in Albany (Industrie Apartments), the first Phius-certified zero-emission midrise in the Capital Region (Sol Apartments), and the net-zero Building 150 at Great Oaks Eco Park using Passive House design and rooftop solar. The portfolio incorporates 148kW rooftop solar at Industrie and a 542kW solar system at Great Oaks that offsets energy for approximately 100 homes, alongside ENERGY STAR certifications across commercial assets. Go-to-market combines direct enterprise field sales led by a Director of Commercial Leasing for office tenants (with logos including Bergmann, ADNET Technologies, and Weston & Sampson on multi-year leases), self-serve property websites and a Space Finder portal for residential and SMB inquiries, and revenue management of ValuSpace storage facilities operated under management by Storage Asset Management. Sub-brands Vicina, Industrie, Sol, Hone Coworks, and ValuSpace provide distinct market positioning within a single holding structure.

Name

The Rosenblum Companies

Legal name

The Rosenblum Companies

Website

https://rosenblumcompanies.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

The Rosenblum Companies is a privately held, family-owned real estate developer and property manager founded in 1979 in Albany, New York, operating a diversified Capital Region portfolio of over one million square feet of commercial office space, 332+ multifamily residential units, three self-storage facilities, coworking, and luxury condominiums with a focus on zero-emission sustainable development.

Ownership category

akta.pro rank

Product category

Real Estate Development & Property Management

NAICS

Real Estate Property Managers (53131), Lessors of Miniwarehouses and Self-Storage Units (53113)

SIC

Operative Builders (1531), Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industries

Self-Storage Facility Management & Operations (Third-Party Managed) (HSAKAGAI), Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB), Self-Storage Property Management (BPAJAGAM)

Keywords

• Commercial real estate
• Property management services
• Multifamily residential development
• Sustainable building development
• Self-storage facilities

Headquarters

HQ city

Albany

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Commercial Office Leasing: Revenue generated from leasing office space at properties including Great Oaks Office Park, Wolf Road Area Offices (187 Wolf Road, Winners Circle), and other commercial buildings in the Capital Region. Commercial holdings exceed 1 million square feet.
2. Multifamily Residential Leasing: Revenue from leasing residential apartment units at properties including Vicina (80 units), The News Apartments (101 units), Industrie Apartments (80 units), and Sol Apartments (71 units).
3. Self-Storage Operations (ValuSpace): Revenue from ValuSpace Personal Storage facilities offering temperature-controlled units and drive-up storage in Albany, Troy, and Halfmoon locations with 618+ temperature-controlled units and 114+ drive-up units.
4. Condominium Sales: Revenue from sale of luxury condominiums at 17 Chapel in downtown Albany.
5. Property Management Services: Ongoing property management services for owned and third-party properties including tenant services, maintenance, and building operations.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

The Rosenblum Companies develops, owns, and manages a portfolio of commercial office properties, multifamily residential apartment communities, self-storage facilities, and coworking space across New York's Capital Region. The company operates more than 1 million square feet of commercial real estate, approximately 332 multifamily apartment units, and a three-facility ValuSpace self-storage network, with a stated focus on sustainable, zero-emission building design and on-site property management services for tenants and owners.

Product overview

The Rosenblum Companies operates a diversified real estate portfolio of commercial office spaces and multifamily residential properties across the Capital Region of New York State. The company manages commercial office properties including Great Oaks Office Park and Wolf Road Area Offices, and develops sustainable multifamily buildings including Industrie Apartments (zero-emission), Sol Apartments (Phius-certified), Vicina, and The News Apartments. Additional offerings include ValuSpace personal storage facilities and Hone Coworks flexible workspace. The company focuses on sustainable development with energy-efficient, zero-emission building practices and holds multiple ENERGY STAR and green building certifications.

Differentiator

Problem solved

Functional benefit

Brands

• Vicina - Modern Urban Flats: Contemporary apartment community in downtown Troy, NY featuring 80 studio, one-bedroom, and two-bedroom apartments with sustainable geothermal heating and eco-friendly amenities.
• Industrie Apartments
• Sol Apartments
• ValuSpace Personal Storage
• Hone Coworks

Products and services

• Industrie Apartments First zero-emission multifamily building in Albany, offering 80 upscale apartments with air-source heat pumps, energy recovery ventilation, and a 148kW rooftop solar PV array, targeting renters seeking sustainable downtown living.
• Sol Apartments First Phius-certified, zero-emission, midrise multifamily building in the Capital Region, combining 71 smart studio apartments with sustainable design and resident coworking space in downtown Troy.
• Vicina - Modern Urban Flats 80 contemporary studio, one-bedroom, and two-bedroom apartments in downtown Troy with geothermal heating, rooftop sky deck, fitness center, and pet spa, targeting urban professionals and families.
• The News Apartments $24M mixed-use redevelopment of the former Troy Record building providing 101 market-rate apartments with fitness, pet care, coworking, and ground floor commercial space including Bard & Baker cafe.
• Great Oaks Office Park Three-building commercial office park in Guilderland, NY with ENERGY STAR certified buildings, 542 kW solar installation, EV charging, walking trails, and fitness facilities, leasing space to regional and national tenants.
• Wolf Road Area Offices Four office buildings (187 Wolf Road, 1/2/3 Winners Circle) in Colonie, NY, featuring recent renovations, EV charging, and proximity to hotels and restaurants, with spaces ranging from 4,371 to 7,564 SF available.
• ValuSpace Personal Storage Network of temperature-controlled personal storage facilities in Albany, Troy, and Halfmoon with advanced security, drive-up units, and professional staff available seven days a week, offering 618+ temperature-controlled units and 114+ drive-up units managed in partnership with Storage Asset Management (SAM).
• Hone Coworks Flexible workplace and coworking space at Great Oaks Office Park offering meeting rooms, collaborative workspaces, and technology-enabled offices for remote workers and small businesses.

Quantifiable outcome

• Zero fossil fuel consumption for building operations at Industrie and Sol Apartments
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered flagship, core and minor.

• New York State Energy Research and Development Authority (NYSERDA)flagshipStrategic or Co-development Partner · 11 March 2021NYSERDA administered the Buildings of Excellence Competition under which Rosenblum Development Corporation won awards for Building 150 at Great Oaks (Round 2) and Sol Apartments (Round 3). The $1M grant supports development of net-zero energy multifamily buildings aligned with NY's Climate Leadership and Community Protection Act goals.
• Aries PowercoreStrategic or Co-development PartnerDistributed generation developer based in Albany's Capital District that worked with Rosenblum on all solar installations including the 542 kW system at Great Oaks Office Park. Provides project structure and financing services.
• Red Hook SolarcoreImplementation/ SI/ Consulting PartnerManaged engineering, procurement and construction of solar panel installations at Great Oaks Office Park, one of the largest solar projects in Albany County in 2017.
• Re:Vision ArchitecturecoreStrategic or Co-development PartnerB-Corp certified deep green architecture and sustainability consulting practice based in Philadelphia, PA serving as design lead and Certified Passive House Consultant (CPHC) for Building 150 project.
• BartonPartnerscoreImplementation/ SI/ Consulting PartnerMulti-disciplinary design firm headquartered in Norristown, PA with special focus on residential and commercial/mixed use projects. Serves as architect of record for Building 150 at Great Oaks.
• Levy PartnershipminorImplementation/ SI/ Consulting PartnerLocated in New York City, provides NYSERDA Primary Energy Consultant (PEC) verification services for Building 150 project.
• eLot Electronics RecyclingminorImplementation/ SI/ Consulting PartnerFull service NYSDEC registered and RIOS certified recycling company that processes e-waste collected during Rosenblum's annual E-Cycling drives. RIOS Standard is top certification in electronics recycling established with EPA guidance.
• Storage Asset Management Inc. (SAM)coreImplementation/ SI/ Consulting PartnerFull-service self-storage property management and consulting company overseeing daily operations at ValuSpace facilities. Manages over 190 properties encompassing over 12 million square feet of storage in 26 states.
• Hone CoworksminorStrategic or Co-development PartnerFlexible workplace opened in September 2020 at Great Oaks Eco Park. Building 150 project will provide Hone Coworks access to new fitness center and amenities, while Coworks provides resident access to workspace options.
• BusPlus Rapid Transit / CDTAminorStrategic or Co-development PartnerCapital District Transportation Authority BusPlus Rapid Transit access at Riverfront Station, only two blocks from Sol Apartments. CDTA and Rosenblum partnered on Earth Day initiatives including first 'green' bus station.
• Capital RootsminorStrategic or Co-development PartnerNonprofit organization managing 55 gardens in Capital Region. Rosenblum partners with Capital Roots for volunteer events and community garden reclamation near Troy properties (Sol, The News, Vicina).

Scale indicators5 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Galesi Group: The Galesi Group is a large privately held real estate developer and owner-operator headquartered in Schenectady, NY, with a comparable Capital Region footprint spanning industrial, commercial, office, retail, and residential assets. Highly comparable to Rosenblum in scale, vertical integration (develop + own + manage + lease), and regional market focus.
• BBL Companies: BBL is a Capital Region NY construction, development, and property management firm with multifamily and commercial projects across upstate New York. Comparable mid-sized regional developer/owner-operator with similar local market focus and project-type overlap.
• Picotte Companies: Picotte is an Albany, NY-based commercial real estate owner, developer, and property manager with a portfolio of office, retail, and residential properties in the Capital Region. Comparable mid-sized regional operator competing in the same geography.
• WS Development: WS Development is a privately held, vertically integrated mixed-use real estate firm developing, owning, and managing retail, office, and residential assets. Comparable as an integrated developer-owner-operator of mixed-use properties with sustainability focus.
• The NRP Group: NRP is a multifamily developer, owner, and operator specializing in affordable, market-rate, and senior housing across the U.S., with emphasis on energy-efficient building practices. Comparable as a sustainability-forward multifamily developer/operator.
• Bozzuto Group: Bozzuto is a diversified real estate developer, owner, and operator of multifamily, mixed-use, and single-family rental properties with strong ESG and sustainability credentials. Comparable in sustainability-driven multifamily development and management.

Broad incumbents

• AvalonBay Communities: AvalonBay is a publicly traded multifamily REIT that develops, owns, and operates apartment communities nationwide. Comparable at the multifamily ownership/operation level but operates at much larger national scale and as a public REIT.
• UDR, Inc. UDR is a large publicly traded multifamily REIT operating over 50,000 apartments nationwide. Comparable as a residential leasing operator but at substantially larger national scale and public-company structure.
• Extra Space Storage: Extra Space Storage is a leading publicly traded self-storage REIT operating thousands of facilities nationwide. Comparable to the ValuSpace self-storage operations but vastly larger and publicly traded.
• SteelWave: SteelWave (fka S&P Global Commercial Real Estate arm) is a vertically integrated commercial real estate investment and operating platform focused on office and innovation districts with sustainability credentials. Comparable as an integrated office developer/operator with ESG positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/rosenblumcompanies
• LinkedInlinkedin.com/company/the-rosenblum-companies
• Instagraminstagram.com/rosenblumcompanies
• Xx.com/rosenblumcos

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 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 Rosenblum Companies