Herron Property Management
Herron Property Management is a privately held, Indianapolis-based property management and housing development firm that manages affordable, market-rate, senior, supportive, and commercial properties across the Midwest for owners, housing authorities, and municipalities.
- Company typePrivate
- Founded-
- HeadquartersIndianapolis, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Herron Property Management does
Herron Property Management is a privately held, Indianapolis-based property management and housing development firm operating across the Midwest with over 30 years of operating history. The company manages affordable housing (LIHTC, Section 8, HOME, RAD), market-rate housing, senior and active-adult communities, permanent supportive housing, and commercial and mixed-use properties for property owners, housing authorities, municipalities, and community development organizations in Indiana, Ohio, Kentucky, Tennessee, and Texas. It also functions as a developer, working with cities and towns to underwrite and finance new housing using layered public and private capital sources including LIHTC, HOME, AHP, READI, Historic Tax Credits, and traditional debt, and acts as an approved court receiver in five states.
The technology backbone is conventional third-party property management software — Yardi and RealPage for portfolio operations, accounting, and resident management — supplemented by virtual leasing, property-specific websites, and the ActiveBuilding resident portal for online rent payments and service requests. Differentiated capabilities beyond standard PM tooling are concentrated in the CORES-certified Service Coordination Program (holistic resident support across health, economic, education, community, and safety domains) and a resident-first development approach that integrates planning, design, financing, and ongoing operations under one roof. Leadership is female-led under CEO Jill Herron (CAPS, CAM, HCCP certified), with a credentialed bench including a licensed-attorney VP of Internal Operations and a Director of Compliance.
The business model combines managed-services revenue (percentage-of-rent or per-unit management fees for the operating portfolio), professional-services revenue from housing development engagements, and receivership fees from court-appointed mandates in five states. Pricing is quote-based and not publicly disclosed. The company markets through a professional website with thought-leadership content, Instagram, industry events, and direct enterprise field sales to property owners, developers, and municipalities, with resident leasing handled through property-specific websites and portals.
Herron Property Management firmographics
Firmographics- Name
- Herron Property Management
- Legal name
- Herron Property Management
- Website
- https://herronpm.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Herron Property Management is a privately held, Indianapolis-based property management and housing development firm that manages affordable, market-rate, senior, supportive, and commercial properties across the Midwest for owners, housing authorities, and municipalities.
- Ownership category
- akta.pro rank
Herron Property Management industry classification
Industry- Product category
- Property Management Services
- NAICS
- Residential Property Managers (531311), Real Estate Property Managers (53131)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)
- akta.pro primary industry
- Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)
Keywords
Where Herron Property Management is headquartered
LocationHeadquarters
- HQ city
- Indianapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Herron Property Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Property Management Services: Core property management services for affordable and market rate housing including tenant relations, maintenance, compliance, and financial reporting. Fees typically charged as percentage of rental income or per-unit basis.
- Housing Development: Development fees and partnership arrangements for creating new housing projects. Works with cities, towns, and developers to design and finance housing products using LIHTC, HOME, AHP, READI, Historic Tax Credits, and traditional debt financing.
- Receivership Management: 30 years of experience handling properties in receivership. Approved receiver in Indiana, Ohio, Michigan, Tennessee, and Kentucky. Financial filings with courts, budget creation, and asset securing services.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Herron Property Management product offering
Product offeringCore offering
Herron Property Management provides full-service property management for affordable (LIHTC, Section 8, HOME, RAD) and market-rate housing, as well as commercial and mixed-use properties across the Midwest. The firm also delivers housing development services and acts as an approved receivership manager in Indiana, Ohio, Michigan, Tennessee, and Kentucky, supported by in-house compliance, accounting, marketing, due diligence, and CORES-certified service coordination capabilities.
Product overview
Herron Property Management operates as a unified property management and housing development company offering a comprehensive suite of services organized around core property management, compliance, accounting, marketing, service coordination, due diligence, receivership, and development. The company's property portfolio encompasses affordable housing (LIHTC, Section 8, HOME, RAD programs), market rate housing, permanent supportive housing, active adult/senior communities, and commercial properties distributed across Indiana, Kentucky, and Texas. The integrated service model combines property management operations with development capabilities and resident service coordination to deliver holistic housing solutions, supported by internal expertise in Yardi and RealPage software platforms.
Differentiator
Problem solved
Functional benefit
Products and services
- Property Management Services
- Development Services
- Receivership Services
- Compliance Services
- Accounting Services
- Marketing Services
- Due Diligence Services
- Service Coordination
- Permanent Supportive Housing Management
Quantifiable outcome
- 30+ years of experience in affordable and market rate housing management
- +1 more outcomes
Companies that use Herron Property Management
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles2 records
Herron Property Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature2 records
Herron Property Management partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights6 records
Herron Property Management competitors and assessment
Company assessmentDirect peers
- The NHP Foundation: Nonprofit affordable and supportive housing owner/operator that competes for supportive housing management contracts and LIHTC-funded assignments — directly comparable to Herron's permanent supportive housing specialty.
- Dominium: One of the largest affordable housing property managers and developers in the U.S., with deep LIHTC/Section 8 specialization that directly competes with Herron for affordable management and development contracts across the Midwest.
- Barkan Management Company: Mid-sized regional property manager specializing in affordable housing (LIHTC, Section 8) in the Midwest and Northeast. Closest size-and-geography comparable to Herron's regional model.
- The NRP Group: National affordable housing developer and property manager operating LIHTC and market-rate communities. Competes head-to-head with Herron for affordable development mandates and third-party PM contracts.
- Beacon Communities: Affordable and mixed-income housing developer and operator with a portfolio of LIHTC, Section 8, and supportive housing assets — closely comparable in service mix and resident-services orientation.
- The Community Builders: Mission-driven affordable and mixed-income housing developer and operator. Directly comparable as a vertically integrated LIHTC-focused developer/manager with supportive services capability.
- Conifer Realty: Rochester-based affordable and workforce housing developer/manager with a multi-state Northeast and Midwest portfolio. Comparable in LIHTC/Section 8 specialization and integrated development-to-management model.
- Kittle Property Management: Indianapolis-based multifamily property manager with affordable and market-rate exposure. Direct regional competitor in Herron's home Indiana market for third-party management contracts.
- McCormack Baron Companies: National affordable and mixed-income housing developer and property manager with strong urban focus. Overlaps with Herron on LIHTC compliance, supportive housing, and integrated development-to-management workflows.
Broad incumbents
- WinnCompanies: Large diversified multifamily owner/manager with a substantial affordable housing and military housing portfolio. Broader geographic footprint and corporate scale, but overlapping service lines in affordable PM and receivership work.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Herron Property Management social profiles
Digital presenceHerron Property Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Herron Property Management leadership team
Management profileNumber of profiles
Profiles12 records
Herron Property Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Herron Property Management 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 Herron Property Management
What does Herron Property Management do?
Herron Property Management provides full-service property management for affordable (LIHTC, Section 8, HOME, RAD) and market-rate housing, as well as commercial and mixed-use properties across the Midwest. The firm also delivers housing development services and acts as an approved receivership manager in Indiana, Ohio, Michigan, Tennessee, and Kentucky, supported by in-house compliance, accounting, marketing, due diligence, and CORES-certified service coordination capabilities.
Is Herron Property Management a public or private company?
Herron Property Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Herron Property Management founded?
Herron Property Management was founded in -1. It employs 51 to 100 people.
Where is Herron Property Management based?
Herron Property Management is headquartered in Indianapolis, United States, in the North America region.
How does Herron Property Management make money?
Three revenue lines are on record. Property Management Services are the primary driver. The others are housing Development and receivership Management.
Who are Herron Property Management's main competitors?
Direct peers on record are The NHP Foundation, Dominium, Barkan Management Company, The NRP Group, Beacon Communities, The Community Builders, Conifer Realty, Kittle Property Management and McCormack Baron Companies. WinnCompanies is listed as a broad incumbent.
Does Herron Property Management have an API?
No public API is recorded for Herron Property Management.
What industry is Herron Property Management in?
Herron Property Management's product category is Property Management Services. Its primary akta.pro industry code is BPAJAFAD, Affordable & Subsidized Housing Property Management (LIHTC, Section 8). Its NAICS code is 531311 and its SIC code is 6531.