The Furman Co., Insurance Agency

What The Furman Co., Insurance Agency does

The Furman Co., Inc. is a privately held, family-owned real estate development and investment advisory firm headquartered at 355 South Main Street in Greenville, South Carolina. Founded in 1888 and operating under the long-tenured leadership of President and CEO Stephen P. Navarro (40+ years), the firm is organized into two service divisions: Development Services, encompassing corporate build-to-suit, urban adaptive reuse, and industrial development; and Investment Advisory Services, covering development feasibility analysis, incentives procurement, Qualified Opportunity Fund (QOF) management, and portfolio management.

The firm serves enterprise, institutional, government, and high-net-worth clients primarily across the Southeast United States, with a marquee project roster that includes the United Community Bank headquarters (South Carolina's first WELL-certified building), the $85 million TD Bank Campus, the Softbox Systems and ACL Airshop industrial facilities, the Poe West adaptive reuse project (National Register of Historic Places), and the Falls Park Conference District ($500M+ in investments with partners Auro Hotels, Hines, and United Community). Notable clients span banking (United Community, TD Bank), manufacturing (Michelin, Milliken, Kipp Group), healthcare (Novant Health), education (Clemson University CUICAR), logistics (Southern Tide, Allen Lund, Softbox), and legal (Wyche, Ogletree Deakins, Santee Cooper).

The Furman Co. operates as a pure professional services firm with no proprietary technology platform or recurring SaaS revenue; pricing is not publicly disclosed and is negotiated project-by-project via a direct enterprise field-sales motion. The firm is also associated with The Furman Co., Insurance Agency, under which it acquired Morgan Insurance Agency in September 2016. Revenue is not publicly disclosed and there is no institutional or private-equity ownership identified in the source data.

Name

The Furman Co., Insurance Agency

Legal name

The Furman Co., Inc.

Website

https://furmanco.com

Company type

Private

Founded year

1888

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

SIC

Real Estate Agents & Managers (For Others) (6531), Investors, Nec (6799), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

Keywords

• Commercial real estate development
• Investment advisory services
• Corporate build-to-suit
• Asset management services
• Urban adaptive reuse

Headquarters

HQ city

Greenville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Development Services: Fee-based development services for corporate build-to-suit, urban adaptive reuse, and industrial projects. Revenue derived from development fees, project management, and construction administration services.
2. Investment Advisory Services: Asset management, portfolio management, and investment advisory services. Includes entitlement review, cost control, engineering review, representation, reporting, and disposition services. Manages Qualified Opportunity Funds (QOF) and Opportunity Zone properties.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

The Furman Co. operates two main divisions: Development Services and Investment Advisory Services. Development Services encompasses corporate build-to-suit, urban adaptive reuse, and industrial development projects from land acquisition through construction delivery. Investment Advisory Services provide asset management, portfolio management, entitlement review, cost control, incentives procurement, and Qualified Opportunity Funds (QOF) management. The firm also maintains an insurance agency arm (acquiring Morgan Insurance Agency in 2016) providing commercial property insurance.

Product overview

The Furman Co. offers two core service lines: Development Services and Investment Advisory Services. Development Services encompasses corporate build-to-suit, urban adaptive reuse, and industrial development projects. Investment Advisory Services include development feasibility analysis, incentives procurement, Qualified Opportunity Funds (QOF) management, and portfolio management. The company has a portfolio of notable projects including United Community Bank Headquarters (SC's first WELL-Certified building), TD Bank Campus, Keys Court, Poe West, Claussen Bakery, Borden Building, and various industrial facilities. The company does not operate a SaaS or technology product platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Development Services
• Investment Advisory Services
• Commercial Property Insurance Independent insurance agency services providing commercial property insurance to clients, complementing the firm's real estate development and advisory offerings.

Quantifiable outcome

• United Community Bank HQ: First WELL-Certified building in South Carolina (bronze level)
• +2 more outcomes

Named customers10 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

Partnerships

Six partnerships are on record, tiered core, major and ongoing.

• Auro HotelscoreStrategic or Co-development Partner · 7 May 2026Greenville-based hospitality management firm developing a new high-end hotel connected to Falls Park Conference District. The $500 million mixed-use development includes conference center and luxury hotel. Auro Hotels purchased the Bowater Building property at 55 E. Camperdown Way for $31.25 million in December 2024.
• Novant HealthmajorStrategic or Co-development Partner · 16 April 2026The Furman Co. leads Novant Health's Greenville Campus expansion with acquisition of a 17-acre office campus along I-85, reinforcing healthcare access in the Greenville region.
• HinescoreStrategic or Co-development Partner · 12 March 2026Partner in Falls Park Conference District project with $500+ million in investments. Hines is collaborating with The Furman Co., Auro Hotels, and United Community on this major downtown development.
• United CommunitycoreStrategic or Co-development Partner · 12 March 2026Partner in Falls Park Conference District. United Community's headquarters was developed by The Furman Co. and is the first WELL-Certified building in South Carolina.
• McMillan Pazdan SmithongoingStrategic or Co-development PartnerArchitecture firm collaborated on multiple projects including United Community headquarters and Claussen Bakery renovation.
• Harper General ContractorsongoingImplementation/ SI/ Consulting PartnerGeneral contractor for United Community headquarters project.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• The Beach Company: Charleston, SC-based real estate development and investment firm with similar Southeast focus, multi-generational operating history, and mixed-use development expertise. Operates in adjacent South Carolina markets with comparable build-to-suit and adaptive reuse capabilities.
• Holder Properties: Atlanta-based commercial real estate development and investment firm with similar office, industrial, and mixed-use focus across the Southeast. Comparable mid-size developer with institutional relationships and similar project scale.
• Childress Klein: Charlotte, NC-based commercial real estate developer with similar Southeast focus, build-to-suit expertise, and long-standing relationships with corporate and institutional clients across office, industrial, and mixed-use asset classes.
• Crescent Communities: Charlotte-based diversified real estate developer with comparable Southeast master-planned community and commercial development focus. Operates at similar scale with mixed-use and corporate build-to-suit capabilities.
• Pope & Land Enterprises: Atlanta-based commercial real estate developer with comparable Southeast focus on office, industrial, and mixed-use projects. Similar mid-size private developer profile with long operating history.

Broad incumbents

• CBRE Group: Global commercial real estate services giant that previously owned CBRE | The Furman Co. (acquired in 2014). Represents the institutional scale and national/international distribution that The Furman Co. now accesses only selectively.
• Jones Lang LaSalle (JLL): Global real estate services and investment management firm with comparable investment advisory, asset management, and development services. Overlaps with Furman's Investment Advisory Services division and QOF/fund management capabilities.
• Colliers International: Global professional services and investment management firm in commercial real estate. Comparable advisory, asset management, and project representation services overlapping with Furman's investment advisory practice.
• Newmark Group: Global commercial real estate advisory and investment sales firm. Comparable investment advisory, capital markets, and CRE services that overlap with Furman's investment advisory and QOF management offerings.

Regional players

• Hughes Investments: Greenville, SC-based private real estate investment and development firm with directly comparable Upstate South Carolina focus. Competes in the same local market for build-to-suit and adaptive reuse opportunities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/the-furman-co

Compliance3 records

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&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Furman Co., Insurance Agency