Home Apartments

What Home Apartments does

At Home Apartments (AHA) is a privately held property management and real estate brokerage firm founded in 1990 in Saint Paul, Minnesota by Mike Cashill and Alan Spaulding, starting with two 14-unit turn-of-the-century brownstones on St. Paul's Grand Avenue. The company has grown to manage 4,500+ apartment and townhome units across 70+ communities in the Twin Cities metro, St. Cloud, and (via AHA of Kansas City) northeast Johnson County in the Kansas City MSA, with a 110+ person team led by principals who retain CEO/Principal roles alongside a President of Property Management, CFO, and President of Real Estate & Development & General Counsel.

The portfolio spans historic brownstones (e.g., Brownstone on Grand), suburban garden-style apartments (e.g., Chasewood Gates, Cleveland Terrace), lakefront luxury (Boatworks Commons), and ground-up new-construction developments (The Preserve at Stone Gate, Woodhelm Townhomes, The Retreat at Mendota Village). Operations run on the AppFolio property management platform with an online resident portal for rent payment, maintenance requests, and lease management; prospective residents are driven through a self-service funnel via SEO-optimized listings, 3D Matterport virtual tours, and Calendly-based online tour booking, with on-site leasing offices handling in-person conversion. The company has positioned sustainability as a portfolio-wide differentiator, installing 555+ kW of solar across multiple properties (beginning with the 148 kW CityVue solar garden in Eagan in 2016) plus EV charging stations.

Revenue is generated primarily from monthly rental income across the diversified unit base, supplemented by per-lease application fees ($55 non-refundable), administrative fees ($200 at signing), and ancillary fees; brokerage and real estate development activity provide additional, undisclosed streams. The go-to-market is direct-to-consumer across three renter segments: general renting public across price tiers, luxury seekers at premium communities, and sustainability-conscious renters. Pricing spans $600-$2,000+ per month with 12-month standard leases and optional month-to-month conversion after the initial term, supported by a $250 resident referral program. No external funding, M&A, or institutional ownership has been disclosed, with growth funded internally and reinvested into new development and sustainability infrastructure.

Name

Home Apartments

Legal name

At Home Apartments LLC

Website

https://athomeapartments.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

101–250 employees

Short description

Home Apartments is a Saint Paul-based property management and real estate brokerage firm operating 70+ apartment and townhome communities totaling 4,500+ units across Minnesota's Twin Cities, St. Cloud, and the Kansas City MSA, serving general renters plus luxury and sustainability-conscious segments.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131), Residential Building Construction (2361)

SIC

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

akta.pro primary industry

Corporate / Executive Housing Management (BPAJAFAK)

Keywords

• Residential property management
• Apartment rentals
• Multifamily housing
• Townhome leasing
• Apartment communities

Headquarters

HQ city

Saint Paul

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Apartment and Townhome Rental Income: Monthly rental income from over 4,500 apartment homes across 70+ communities in Minnesota. Revenue derived from monthly rent payments, with additional income from application fees, administrative fees, and optional services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Home Apartments (At Home Apartments, AHA) owns, manages, and leases a portfolio of 4,500+ apartment homes and townhomes across 70+ communities in the Twin Cities metro area, St. Cloud, Minnesota, and Kansas City. The company provides full-service residential property management, including leasing, resident services, online rent payments, and 24-hour maintenance, across a portfolio ranging from historic brownstones to new luxury developments.

Product overview

Home Apartments operates a diverse portfolio of 70+ apartment and townhome communities across the Twin Cities metro area (Minneapolis, St. Paul, and surrounding suburbs) and St. Cloud, Minnesota. The portfolio spans from historic turn-of-the-century brownstones on Grand Avenue to newly constructed luxury communities. Key branded communities include The Reserve at Mendota Village (luxury apartments with resort amenities), The Retreat at Mendota Village (upscale townhomes opening 2026), Woodhelm Townhomes (luxury townhomes in Lake Elmo), and Arbor Trails (new construction townhomes in Sartell). The company offers an online apartment search platform with filtering by neighborhood and amenities, plus a resident portal for rent payments and maintenance requests.

Differentiator

Problem solved

Functional benefit

Products and services

• Apartment Communities Portfolio Portfolio of 70+ apartment and townhome communities across the Twin Cities metro area and St. Cloud, MN. Properties range from historic brownstones on Grand Avenue to newly constructed luxury communities, offering studios to multi-bedroom units with varying amenities.
• The Reserve at Mendota Village Upscale apartment community in Mendota Heights, MN featuring one to two-bedroom plus den units with quartz countertops, kitchen islands, sliding barn doors, private balconies with gas grills. Amenities include resort-style pool, two fitness centers, coffee bar, yoga studio, indoor pickleball courts, HD golf simulator, games den, and rooftop patio.
• The Retreat at Mendota Village Upscale townhome community opening Fall 2026 in Mendota Heights, adjacent to The Reserve at Mendota Village. One, two, and two-bedroom-plus-den rental homes with business center, clubroom, dog park, outdoor kitchen, pickleball court, sauna, and private work-from-home spaces.
• Woodhelm Townhomes Luxury townhome community in Lake Elmo, MN featuring two-to-three bedroom units with stainless steel appliances, quartz countertops, luxury vinyl plank flooring, attached two-stall heated garages, private patios with gas grills, mud rooms, and walk-in closets.
• Arbor Trails Townhomes New construction townhome community in Sartell, MN within the Sartell school district. Two-bedroom units with den (1,780 SF total), featuring granite countertops, ceiling fans, garbage disposal, attached two-stall garage, private entry, and patio with gas grill. Includes lawn maintenance and snow removal.
• Boatworks Commons Luxury lakefront apartment community on White Bear Lake, MN featuring one and two-bedroom units with lake views, two upscale finish options, deck options, and hardwood floors. Community amenities include electric vehicle charging, fitness center, rooftop lounge, and package acceptance.
• Brownstone on Grand Historic brownstone apartment building on Grand Avenue in St. Paul, MN featuring large one-bedroom and studio layouts, walk-in closets, hardwood floors, stainless steel appliances (select units). Utilities included. Near Kowalski's market and local shops.
• Chasewood Gates Apartments & Villas Multi-family community on 34 landscaped acres in Minnetonka, MN featuring one and two-bedroom apartments and condo-style villas. Amenities include pool, tennis court, community room, fitness center. Updated units include granite counters, stainless appliances, and maple cabinetry.
• CityVue Apartments Luxury high-rise apartment community in Eagan, MN (tallest building south of the metro) featuring one and two-bedroom units. All-inclusive pricing includes rent and utilities. Sky lounge, rooftop deck, fitness room with views, package acceptance, and EV charging.
• CV2 Luxury apartment community in Eagan, MN adjacent to CityVue. One and two-bedroom units featuring stainless steel appliances, granite countertops, in-unit washers/dryers, luxury vinyl plank flooring, built-in desks, kitchen islands, and walk-through closets. Rooftop pool, sky deck, fitness center with Fitness On Demand, and game room.
• Cleveland Terrace Apartment community in Highland Park, St. Paul near St. Catherine's University featuring studio, one, and two-bedroom units. Updated homes with stainless steel appliances, hard surface flooring, new cabinetry, and new lighting. Near Mississippi River and Ford Bridge to South Minneapolis.
• Apartment Search Platform Website-based apartment search tool allowing filtering by neighborhood, rent range, pet policy, and community type. Includes map search and advanced search options for finding apartments across all 70+ communities.
• Resident Portal Online resident portal powered by AppFolio for paying rent, submitting maintenance requests, and managing account information. Available 24/7 for residents to access services.
• The Preserve at Stone Gate Upscale townhome community in St. Cloud, Minnesota. New construction development featuring garage parking, in-unit laundry, and pool amenities.

Quantifiable outcome

• 180,000 kW hours annually produced by initial solar installation
• +1 more outcomes

Named customers4 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

Integration3 records

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• AppFoliocoreTechnology or IntegrationProperty management software platform provider powering the company's online resident portal, maintenance request system, rent payment processing, and lease management operations. Residents access the portal for online rent payments, maintenance submissions, and account management.
• Minnesota VikingsminorOthersThe Vikings' practice facility is located in Eagan, one of the markets AHA serves. Mentioned as a local attraction near AHA communities in Eagan in neighborhood marketing content.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Edward Rose & Sons: Family-owned multifamily developer, owner, and manager founded in Michigan with a large Midwest portfolio. Direct peer in being a founder-led, vertically integrated multifamily owner-operator focused on Midwestern markets.
• Dominium: Minneapolis-based apartment owner, developer, and manager with a similarly large Upper Midwest multifamily portfolio. Closest geographic and business-model peer to AHA, focused on development, acquisition, and management of rental housing across the Twin Cities and other Midwestern markets.
• Village Green: Midwest-headquartered multifamily management and development company managing tens of thousands of apartment homes. Direct peer in operating model (owner-operator with third-party management) and geographic focus on the Midwest.
• Weidner Apartment Homes: Privately held multifamily owner/operator with a national footprint of more than 85,000 apartments, including significant presence in the Midwest. Comparable in being a vertically integrated owner-operator with in-house property management, similar in scale to AHA's portfolio.

Broad incumbents

• Camden Property Trust: Public multifamily REIT (NYSE: CPT) owning and operating ~172 apartment communities. Provides a relevant public-market benchmark for cap rates, operating margins, and portfolio economics applicable to AHA's owner-operator business.
• Lincoln Property Company: National multifamily management and investment firm with a large third-party management book. Competes with AHA in the property-management layer of the value chain and represents the scale-up path for regional operators.
• Mid-America Apartment Communities: Sun Belt-focused public multifamily REIT (NYSE: MAA) and one of the largest U.S. apartment owners. Relevant comparable for unit-economics, NOI margins, and operating-leverage benchmarks even though MAA operates in different geographies than AHA.
• Greystar Real Estate Partners: Largest multifamily property manager and developer globally, managing over 800,000 units. Broad incumbent that competes with AHA for residents, third-party management contracts, and acquisition targets across the Upper Midwest.
• Harbor Group International: Private real estate investment and management firm with a sizable multifamily portfolio across the U.S. Competes with AHA for both residents in Midwest submarkets and for acquisition opportunities in secondary markets.

Regional players

• Dominium Development & Acquisition: Sub-segment of Dominium focused on LIHTC and workforce housing in the Upper Midwest. Comparable to AHA in regional focus and in-house development capability, but serving a different income segment than AHA's market-rate core.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/athomeapts
• Xx.com/homeapartments

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Home Apartments