Banner Property Management

What Banner Property Management does

Banner Property Management, LLC is the family-owned property management arm of Banner Real Estate Group, operating since 1989 and headquartered in Lisle, Illinois. The company manages 14+ residential apartment communities across seven U.S. states (Ohio, Arizona, Illinois, Wisconsin, Texas, Missouri, North Carolina), serving residential renters with a service-oriented, technology-enabled operating model. Property names include Aster Apartments, Audere Apartments, Emerald Pointe Apartments, Glen Hills, Hunters Creek, One Glenn Place, Park 44, Parkside at South Tryon, Quincy Station, Residences at Fountain Square, Statesman Apartments, The Greenway at Carol Stream, The Wellington at Willow Bend, Vanguard Crossing, Whisper Hollow, and Riachi at One21.

The operating platform combines traditional on-site leasing and regional management (two Regional Managers split geographically) with proprietary technology components: a Resident Portal enabling 24/7 payments and maintenance requests, AI-powered assistance for resident service interactions, and a Revenue Management System for pricing optimization overseen by a Director of Business Systems. Marketing and digital presence include a corporate site, individual property websites, and active social channels (LinkedIn, Facebook, Instagram). A Marketing Specialist handles digital marketing and reputation management, and a dedicated Leasing and Operations Trainer supports staff development across the portfolio.

The business model is managed-services: Banner Property Management earns management fees (and likely performance incentives tied to occupancy and NOI) for operating residential communities on behalf of Banner Real Estate Group, the owning entity controlled by the Pinsky family. The customer base is residential renters served direct-to-consumer, with properties marketed through per-property websites and on-site leasing offices. Headcount is reported at 251–500 employees, consistent with a multi-state operating footprint, and the leadership team is tenured (President since 2003, SVP since 2008). No external capital, acquisitions, or non-family institutional ownership are disclosed.

Name

Banner Property Management

Legal name

Banner Property Management, LLC

Website

https://bannerapartments.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

251–500 employees

Short description

Banner Property Management is a family-owned residential property management company operating 14+ apartment communities across seven U.S. states as the management arm of Banner Real Estate Group, serving residential renters through on-site leasing, a Resident Portal with AI assistance, and revenue management technology.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Residential property management
• Apartment community management
• Multifamily housing services
• Resident portal technology
• Revenue management software

Headquarters

HQ city

Lisle

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management Services: Banner Property Management provides apartment management services for properties owned by Banner Real Estate Group and potentially other investors. Revenue is generated through management fees charged to property owners/investors, with potential performance-based incentives tied to occupancy rates and Net Operating Income (NOI) results.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Banner Property Management is a family-owned, fully integrated residential property management company that manages a portfolio of 14+ apartment communities across Ohio, Arizona, Illinois, Wisconsin, Texas, Missouri, and North Carolina. Its core offering is third-party property management services — leasing, maintenance, resident relations, capital projects oversight, and revenue management — delivered on behalf of property owners (primarily its parent Banner Real Estate Group) and supported by a 24/7 Resident Portal with AI assistance for payments and service requests.

Product overview

Banner Property Management is a family-owned property management company that operates a portfolio of residential apartment communities across multiple U.S. states (Ohio, Arizona, Illinois, Wisconsin, Texas, Missouri, North Carolina). The company offers apartment living solutions including property management, leasing, maintenance, revenue management, and resident portal services. The core offering is the management of individual residential communities (including Aster Apartments, Audere Apartments, Emerald Pointe Apartments, Glen Hills, One Glenn Place, Park 44, Parkside at South Tryon, Residences at Fountain Square, The Greenway at Carol Stream, The Wellington at Willow Bend, Vanguard Crossing, Whisper Hollow, Hunters Creek Apartments, Quincy Station, Statesman Apartments, and Riachi at One21), supplemented by technology-enabled services such as 24/7 online Resident Portals with AI assistance for payments and maintenance needs.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Property Management Services Full-service property management for residential apartment communities, including leasing, 24/7 maintenance, resident relations, capital project oversight, and revenue management. Sold to property owners/investors (principally Banner Real Estate Group) on a managed-services basis with management fees and performance-based incentives tied to occupancy and Net Operating Income.
• Resident Portal with AI Assistance 24/7 self-service online platform for residents of Banner-managed communities to make rent payments and submit maintenance service requests, with AI-powered natural language assistance for payment and maintenance needs.
• Aster Apartments A residential apartment community located in Beachwood, OH, managed by Banner Property Management. Available to renters via dedicated property website with online leasing.
• Audere Apartments A residential apartment community located in Phoenix, AZ, managed by Banner Property Management. Available to renters via dedicated property website with online leasing.
• Emerald Pointe Apartments A residential apartment community located in Vernon Hills, IL, managed by Banner Property Management. Available to renters via dedicated property website with online leasing.
• Glen Hills A residential apartment community located in Glendale, WI, managed by Banner Property Management. Available to renters via dedicated property website with online leasing.
• One Glenn Place A residential apartment community located in Fitchburg, WI, managed by Banner Property Management. Available to renters via dedicated property website with online leasing.
• Hunters Creek Apartments A residential apartment community located in Denton, TX, managed by Banner Property Management. Available to renters via dedicated property website with online leasing.
• Park 44 A residential apartment community located in St Louis, MO, managed by Banner Property Management. Available to renters via dedicated property website with online leasing.
• Parkside at South Tryon A residential apartment community located in Charlotte, NC, managed by Banner Property Management. Available to renters via dedicated property website with online leasing.
• Quincy Station A residential apartment community located in Westmont, IL, managed by Banner Property Management. Available to renters via dedicated property website with online leasing.
• Residences at Fountain Square A residential apartment community located in Waukegan, IL, managed by Banner Property Management. Available to renters via dedicated property website with online leasing.
• The Greenway at Carol Stream A residential apartment community located in Carol Stream, IL, managed by Banner Property Management. Available to renters via dedicated property website with online leasing.
• The Wellington at Willow Bend A residential apartment community located in Plano, TX, managed by Banner Property Management. Available to renters via dedicated property website with online leasing.
• Vanguard Crossing A residential apartment community located in St. Louis, MO, managed by Banner Property Management. Available to renters via dedicated property website with online leasing.
• Whisper Hollow A residential apartment community located in Maryland Heights, MO, managed by Banner Property Management. Available to renters via dedicated property website with online leasing.
• Statesman Apartments A residential apartment community located in Franklin, WI, managed by Banner Property Management. Available to renters via dedicated property website with online leasing.

Named customers15 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Scale indicators2 records

Recent moves1 record

Expansion highlights5 records

Broad incumbents

• Greystar Real Estate Partners: Largest multifamily property manager and operator in the U.S. with ~800k+ units under management. Directly comparable to Banner as a multifamily property manager serving institutional and private owners, but at vastly greater scale.

Direct peers

• Asset Living: One of the largest third-party multifamily property managers in the U.S., managing ~300k+ units across conventional, affordable, and student housing. Directly comparable to Banner as a multifamily management platform with regional operating teams.
• FPI Management: Multifamily property manager serving owners of conventional apartment communities across multiple U.S. states. Comparable to Banner in target customer (apartment owners), service offering (full-service management), and multi-state footprint.
• RPM Living: Multifamily property management firm with a multi-state footprint and a focus on third-party management. Comparable to Banner in core service offering and customer base, with larger scale and broader geographic reach.
• Bozzuto Group: Integrated real estate services firm with a strong multifamily property management business across the East Coast and Midwest. Comparable to Banner in managing owned and third-party apartment communities with a service-forward positioning.
• WinnCompanies: National multifamily property manager and developer managing ~100k+ units across conventional, affordable, and military housing. Comparable to Banner as a multifamily operator with multi-state presence and institutional owner clients.
• BH Management Services: Multifamily property manager with a multi-state portfolio spanning ~100k+ units. Comparable to Banner in core service offering (full-service apartment management) and target customer (apartment owners/investors).
• Bell Partners: Vertically integrated multifamily investment and management firm operating ~80k+ units across the U.S. Comparable to Banner as a multifamily property manager serving institutional owners, with a more investment-oriented model.
• Morgan Properties: Multifamily owner-operator with ~100k+ units across the East Coast and Midwest. Comparable to Banner in operating apartment communities in overlapping geographies (IL, OH, etc.) and providing full-service management.

Emerging players

• Atlantic Residential: Regional multifamily property manager previously employing Banner's Regional Manager Jose Napoles. Comparable to Banner as a regional multifamily management competitor in the Midwest/Southeast.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/BannerPropMgmt
• LinkedInlinkedin.com/company/banner-property-management-llc
• Instagraminstagram.com/bannerpropmgmt

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 Banner Property Management