What Metropolitan Group does

Metropolitan Group LLC is a Philadelphia-based boutique real estate investment, development, and property management company that acquires, designs, builds, and operates residential and mixed-use properties in the city's emerging neighborhoods. Founded by Jordan Brody around 2010 after more than a decade as a top Coldwell Banker broker specializing in new construction, the company runs a vertically integrated operating model: it sources sites, coordinates design, arranges equity and debt financing, delivers construction, and manages the stabilized assets through an in-house property management arm (Metropolitan Property Management). The portfolio spans adaptive-reuse conversions (a 19th-century church at 2701 Girard Avenue, the Jefferson Flint Glass Works, the Superior Plumbing Building) and ground-up boutique buildings, with completed projects including The Meadow Line (65 units), Chester Arms (45 units), The Portsmouth (31 units), Simon Snyder Lofts (18 units), The Glass Works (8 units), and others - totaling roughly 211 completed units across 15+ properties, with an additional ~47 units in pipeline (The Fold and The Elevated in East Kensington).

Revenue is generated primarily from recurring monthly residential rents, supplemented by ground-floor commercial rents in mixed-use buildings and lumpy one-time income from for-sale developments such as THE ROW rowhomes and Glass Works condominiums. The company targets individual residential renters - young professionals, couples, and small families seeking design-forward apartments in neighborhoods like Fishtown, Olde Kensington, Brewerytown, Old City, and now Kingsessing/Southwest Philadelphia - and acquires tenants through a direct, low-cost channel: the metropolitanphilly.com website plus phone and email inquiry, with no third-party leasing agents and no paid marketing. Design differentiation is delivered through high-end materials and finishes, a recurring landscape architecture partnership with Apiary Studio (meadow, courtyard, and green-roof amenity spaces), and adaptive-reuse of architecturally distinctive historic structures. The operating geography is intentionally limited to a single metro (Philadelphia), the team is small (three core leaders - Brody, Joe Solomon, Anthony Young - plus contractors), and the company is privately held with no disclosed institutional equity or debt capital beyond project-level construction and permanent financing arranged by the founder.

Name

Metropolitan Group

Legal name

Metropolitan Group LLC

Website

https://metropolitanphilly.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

Metropolitan Group is a Philadelphia-based boutique real estate developer and property manager that acquires, designs, and operates design-forward residential and mixed-use rental properties across the city's emerging neighborhoods for individual renters and small commercial tenants.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117)

SIC

Operative Builders (1531), Real Estate Dealers (For Their Own Account) (6532), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Mixed-Use Property Management (BPAJAGAE)

akta.pro secondary industry

Multifamily (Apartment) Property Management (BPAJAGAD)

Keywords

• Boutique real estate development
• Residential property management
• Adaptive reuse construction
• Mixed-use apartment rentals
• Urban infill development

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. Residential Rental Income: Monthly rental income from residential units across their portfolio of boutique apartment buildings in Philadelphia neighborhoods including South Philadelphia, Fishtown, Olde Kensington, Old City, and Brewerytown.
2. Commercial Rental Income: Rental income from ground-floor commercial spaces in mixed-use buildings, including fresh grocery, retail shops, and other commercial tenants.
3. Property Development and Sales: Development of boutique residential properties for sale, including projects like THE ROW rowhomes (pre-sold) and The Glass Works condominium units.
4. Property Management Services: Expert property management services for their own portfolio, maintaining properties efficiently and managing tenant relationships.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Metropolitan Group acquires, develops, owns, and manages a portfolio of boutique residential and mixed-use properties in Philadelphia, delivering design-forward rental apartments and select for-sale units (rowhomes and condominiums). The company operates three integrated lines: Development (site identification, acquisition, design, entitlement, and construction), Design (bespoke interiors, high-end materials, and Apiary Studio landscapes), and Management (residential, commercial, and multi-family property management including maintenance, accounting, leasing, and general contracting).

Product overview

Metropolitan Group is a boutique real estate investment and property management company operating a portfolio of residential and mixed-use properties across Philadelphia. The company operates through three core service lines: Development (site identification, acquisition, design, entitlement, and project development), Design (tasteful interiors and exteriors with bespoke details), and Management (expert property management for residential, commercial, and multi-family properties). The portfolio includes completed properties such as The Meadow Line (65 units), Chester Arms (45 units), 2701 Girard Ave. (16 units in a converted church), The Portsmouth (31 units), and various adaptive reuse projects like The Glass Works and Simon Snyder Lofts. Upcoming projects include The Elevated (22 units) and The Fold (25 units). The company differentiates through Apiary Studio-designed landscapes, high-end finishes, green roofs, and thoughtful architectural details across all properties.

Differentiator

Problem solved

Functional benefit

Products and services

• The Meadow Line (Evergreen Terrace) A five-story mixed-use residential building with 65 units and 70,885 sq ft, featuring true slate and brick veneer cladding, full-footprint green roof, glazed ground-floor commercial base, arcade, game room, observation deck, private gardens, composting, and 34-space secure garage parking, located along the light rail corridor in Kingsessing/Southwest Philadelphia.
• Chester Arms A five-story deep-red brick boutique apartment building with 45 units and 45,904 sq ft, featuring dual interior courtyard gardens by Apiary Studio, rooftop terrace with green roof, fitness center, sauna, dog park, and secure bike parking, located in Southwest Philadelphia.
• 2431 Frankford Avenue A boutique residential property completed in 2017 featuring custom fabricated limestone facade details, COR-TEN steel retaining walls planted by Apiary Studio, wide plank French oak hardwood floors, and a large shared roof deck with elevator service.
• 2701 Girard Ave. A redeveloped 19th-century church converted into 16 residential units totaling 18,676 sq ft, built in 2014, with original trusses, columns and mouldings, Marvin replacement windows, solid Hickory wood cabinets, LG stackable washer/dryer, and Aiphone audio intercom system.
• The Portsmouth A boutique residential building with 31 units and 33,635 sq ft featuring high-speed elevator, rooftop deck with Apiary Gardens, Apiary-designed building landscapes, private garden units, keyless entry, fitness center, and green roof.
• The Glass Works Adaptive reuse of the Jefferson Flint Glass Works into 8 finely appointed bi-level residential units (9,577 sq ft) featuring private direct entrances, direct access to I-95, polished concrete floors, and basement storage in Fishtown/Olde Richmond.
• Simon Snyder Lofts Adaptive reuse of the Superior Plumbing Building with 18 residential units (17,000 sq ft), featuring oversized factory windows, loft-style interiors with polished concrete floors, roof deck access, elevator service, 5 parking spaces, and 2 penthouse units.
• The Venti New construction with 12 residential units (11,105 sq ft) featuring front gardens for privacy, solid hardwood floors, modern kitchens and bathrooms, and audio/video intercom with bluetooth surround sound.
• Palmer Place A 16-unit property (14 residential + 2 commercial) totaling 11,664 sq ft completed in February 2019, located under the el at the junction of Olde Kensington, Norris Square, and Fishtown, with sound dampening windows, in-unit laundry, and audio/video intercom.
• Property Management Services Expert property management services for residential, commercial, and multi-family properties throughout Philadelphia, including maintenance, accounting, leasing, and general contracting, provided for Metropolitan Group's own portfolio.
• Real Estate Development Services Boutique residential real estate development services including site identification, acquisition, design coordination, planning, entitlement, and project development, delivered in-house by Metropolitan Group.
• For-Sale Residential Units (THE ROW rowhomes and Glass Works condominiums) Selected for-sale residential product lines within development projects, including THE ROW pre-sold rowhomes in Brewerytown and The Glass Works condominium units, sold directly to individual buyers.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Apiary StudiominorOthersApiary Studio is engaged as the landscape architecture partner across multiple Metropolitan Group properties, designing urban meadows, perennial gardens, and courtyard landscapes. Featured on Chester Arms, 2431 Frankford Avenue, 2701 Girard Ave., The Meadow Line/Evergreen Terrace, The Portsmouth, and additional properties.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Post Brothers: Philadelphia-based boutique-to-mid-market multifamily developer and operator with a comparable focus on urban, design-led apartment projects across the city. Closest head-to-head competitor given shared geography, scale, and tenant demographic.
• Pennrose: Philadelphia-headquartered multifamily developer and property manager with deep roots in the same city. Comparable in operating both market-rate and mixed-income developments and providing in-house property management across the Mid-Atlantic.

Broad incumbents

• Morgan Properties: Large Philadelphia-area multifamily owner/operator with a portfolio of more than 100,000 units nationwide. Represents the scaled incumbent against which a boutique player like Metropolitan Group competes for tenants and acquisition opportunities.
• Greystar Real Estate Partners: Largest multifamily property manager and developer in the U.S., operating across development, investment management, and property management. Sets the standard for institutional operational scale against which Metropolitan Group's boutique model must compete.
• Bozzuto Group: Established multifamily developer, owner, and manager with strong Mid-Atlantic/Northeast presence including Philadelphia. Comparable in offering integrated development, construction, and management services but at substantially greater scale.
• Lincoln Property Company: National multifamily developer and third-party manager with significant East Coast portfolio. Comparable end-customer base and product offering, but with national scale, institutional capital backing, and broader geographic footprint.

Others

• JLL Residential: Global real estate services firm with a substantial multifamily investment sales, debt placement, and property management practice. Provides capital-markets and advisory infrastructure to developers including those in the Philadelphia boutique segment.
• Cushman & Wakefield Multifamily: Global real estate services platform with active multifamily investment sales, valuation, and capital markets teams serving developers and investors in Philadelphia and similar Mid-Atlantic urban submarkets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Metropolitan Group