Renewing Management

What Renewing Management does

Renewing Management, Inc. is a privately held, Indianapolis-based affordable apartment operator founded in 2003 by Ethan Fernhaber. The company owns and operates 32+ apartment communities comprising more than 4,500 rental units across Indiana, with a geographic footprint stretching from South Bend to Evansville. Its portfolio includes studio, one-, two-, and three-bedroom apartments, townhomes, triplexes, duplexes, and 55+ senior-living communities, with amenities such as pools, fitness centers, dog parks, community gardens, and playgrounds. The company serves working families and individuals seeking affordable housing, seniors seeking community-oriented independent living, and second-chance residents — formerly incarcerated individuals enrolled in the Asset Team workforce re-entry program.

Name

Renewing Management

Legal name

Renewing Management, Inc.

Website

https://whereumatter.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Short description

Renewing Management is an Indianapolis-based apartment operator that owns and manages 4,500+ affordable rental units across 32+ communities throughout Indiana, serving working families, seniors (55+), and second-chance residents through an integrated housing, workforce, and community-impact model.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Property Managers (531311)

SIC

Operators Of Apartment Buildings (6513)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Residential property management
• Affordable apartment rentals
• Apartment community operations
• Multifamily housing services
• Workforce housing programs

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Apartment Rental Income: The company owns and operates apartment communities throughout Indiana, generating revenue through monthly rental payments from residents. Properties include various unit types (studio, 1-bedroom, 2-bedroom, 3-bedroom apartments and townhomes) across 32+ communities.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Renewing Management owns and operates apartment communities across Indiana, leasing studio, one-, two-, and three-bedroom apartments and townhomes to residents at affordable price points. The company delivers property management services including 24-hour emergency maintenance, on-site leasing offices, and community engagement programs, supplemented by workforce re-entry initiatives (Asset Team) and resident connection programs (Community Builders).

Product overview

Renewing Management is an apartment property management company that owns and operates 40+ apartment communities across Indiana. The company's core product is its property management services, which include apartment rentals, maintenance services, and community engagement programs. The portfolio consists of individual apartment communities (including 20 East Apartments, Alder Woods, Black Bear Creek, Brentwood Park, Cambridge Place, Cedar Crest, Cedar Ridge Townhomes, Chapel Hill Townhomes, Chateau, College Square, Eastway Court, Fountain Lake, Freeman, Grace Lane, Grey Ridge, Harter House, Hazel Briar Court, Hidden Elms, Highland Park, Noble View, Northwoods, Orchard on Wallen, Private Reserve Townhomes, Ridgewood, Senior Town, Shady Tree, Steinhurst Manor, Stonebrook Townhomes, The Grand at Shoaff Park, Towne View, Trail View, Treece Meadows, and Villas de Fontenelle) plus supplementary programs including the Asset Team workforce development program for formerly incarcerated workers, the Community Builder program for resident engagement, the Virtual Suggestion Box customer feedback tool, and the Renewing Communities non-profit foundation. The company is also expanding through a partnership with Volumod LLC for volumetric modular construction to achieve its goal of 40 communities by 2030.

Differentiator

Problem solved

Functional benefit

Products and services

• Apartment Property Management Services Core property management services for owned apartment communities across Indiana, including on-site leasing offices, kind interactions with office staff, 24-hour emergency maintenance work orders, community activities, and resident engagement programs. Targeted at residents seeking affordable rental housing in Indiana.
• 20 East Apartments One and two bedroom, single-story apartments in Elkhart, Indiana, situated on a peaceful, well-maintained property.
• Alder Woods
• Black Bear Creek Apartments
• Brentwood Park Apartments
• Cambridge Place Apartments
• Cedar Crest Apartments
• Cedar Ridge Townhomes
• Chapel Hill Townhomes
• Chateau Apartments
• College Square Apartments
• Eastway Court Apartments Spacious apartments with modern fixtures, all electric living, and pet-friendly atmosphere located just minutes from Greenfield.
• Fountain Lake Villas
• Freeman Apartments
• Grace Lane Apartments

Quantifiable outcome

• 35 people graduated from Asset Team re-entry program in 3 years, many now employed at Renewing Management
• +2 more outcomes

Named customers5 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

Feature1 record

Partnerships

Eight partnerships are on record, tiered core and minor.

• Volumod LLCcoreStrategic or Co-development PartnerStrategic partnership with Volumod LLC for volumetric modular construction. Volumod operates a 250,000 square-foot factory on the east side of Indianapolis where apartment units are built through 40 quality-controlled stations before transport to sites. This partnership enables Renewing Management to deliver better products at lower prices more quickly than traditional construction, supporting the goal to grow to 40 communities by 2030.
• Nexus Impact CenterminorOthersRenewing Management helped launch Nexus Impact Center in 2018 on the Northwest side of Indianapolis, partnering with other impact-minded businesses to merge for-profit business and social impact.
• Renewing CommunitiescoreOthersNon-profit foundation launched in 2019 that provides pathways for residents and employees to identify meaningful goals, pursue pathways to achieve them, and develop motivation for a brighter future. The foundation empowers residents and employees through the company's impact initiatives.
• Restore Hope IndianacoreStrategic or Co-development PartnerSister company focused on the 'Movement of Hope' - actively supports the re-entry program and provides job opportunities, new work abilities, life skills, and one-on-one mentoring for returning citizens. Jennifer Smith serves as Director of Communications.
• Community Care NetworkminorOthersCommunity Care Network brings connection to neighbors through the Community Builder program. Adam and Beth Metzler, designated Community Builders for Private Reserve, are part of this program.
• BeaconminorOthersNick Sefton serves as Spiritual Catalyst through Beacon organization, which is listed as an Impact Partner of Renewing Management.
• InerG ImpactminorOthersCo-working and office community located adjacent to Highland Park property, providing residents with convenient access to workspace and community.
• P30minorOthersCommunity center and business incubator co-located with Renewing Management headquarters in Indianapolis, supporting the company's ecosystem of impact-focused businesses.

Scale indicators4 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• The Woda Group: Midwest-focused affordable housing developer and property manager. Closely comparable to Renewing Management's model of owning, developing, and operating affordable multifamily communities with a mission-oriented approach across secondary Ohio, Indiana, and Michigan markets.
• Herman & Kittle Properties: Indianapolis-based affordable multifamily owner, developer, and manager. Operates LIHTC and market-rate communities across Indiana with an in-house development and property management structure analogous to Renewing Management's vertically integrated model.
• The NRP Group: National affordable multifamily developer, owner, and operator with a strong presence in the Midwest. Comparable through its integrated development-to-management pipeline serving working families, mirroring Renewing Management's affordable, community-focused positioning.
• Dominium: One of the largest U.S. affordable housing managers and developers, with significant Indiana and Midwest presence. Directly comparable to Renewing Management as a scaled affordable multifamily owner-operator focused on LIHTC and workforce housing.
• Conifer Realty: Affordable and workforce multifamily developer and operator active across the Northeast and Midwest. Comparable to Renewing Management's affordable, family-oriented community model and integrated development-plus-management operating structure.
• Edward Rose & Sons: Privately held Midwest multifamily developer and operator with a vertically integrated construction arm, similar in structure to Renewing Management's reliance on sister-company Volumod for modular unit supply.
• PK Housing: Indiana-based affordable housing developer and manager focused on LIHTC communities across the state. Directly comparable to Renewing Management in geography, affordable-housing segment, and integrated developer-operator structure.

Broad incumbents

• Asset Living: One of the largest third-party multifamily property managers in the U.S., managing affordable and market-rate communities. Comparable to Renewing Management's operating model but at far greater scale and as a fee manager rather than owner-operator.
• Village Green: Large multifamily owner and third-party manager serving Midwestern and U.S. markets. Overlaps with Renewing Management in multifamily operations and resident-experience focus, though it serves a broader income mix and footprint.
• Balfour Beatty Communities: National multifamily and military housing operator with affordable and family-oriented portfolios. Comparable as a large-scale owner-operator with a community-engagement orientation, though broader geographically and by segment than Renewing Management.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/renewingmanagement
• LinkedInlinkedin.com/company/renewing-managment-inc.
• Instagraminstagram.com/renewingmgmt/?hl=en
• Xx.com/renewingmgmt

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Renewing Management