Makowsky Ringel Greenberg

What Makowsky Ringel Greenberg does

Makowsky Ringel Greenberg, LLC (MRG) is a vertically integrated, family-owned regional real estate investment company headquartered in Memphis, Tennessee, with operations licensed in Tennessee, Mississippi, and Arkansas. Founded in 1967 by Jerome Makowsky and Nick Ringel as Makowsky Ringel, Inc., the firm is now led by second-generation principals Michael Greenberg (CEO), Gary Makowsky (Chief Development Officer), and Jimmy Ringel (Chief Operating Officer). The company specializes in the acquisition, development, construction, and management of multi-family and commercial real estate, and is positioned as the largest apartment management company in the Memphis Metro area.

Name

Makowsky Ringel Greenberg

Legal name

Makowsky Ringel Greenberg LLC

Website

https://mrgmemphis.com

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

11–50 employees

Short description

MRG is a family-owned, vertically integrated Memphis-based real estate investment firm that owns, develops, and manages 5,000+ apartment units and nearly 1 million sq ft of commercial space across Tennessee, Mississippi, and Arkansas.

Ownership category

akta.pro rank

Product category

Real Estate Investment and Property Management

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311), Offices of Real Estate Agents and Brokers (53121)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Investors, Nec (6799)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industries

Multifamily Brokerage (BPAJABAD), Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE), Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA), Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF)

Keywords

• Multi-family property management
• Commercial real estate investment
• Apartment community ownership
• Real estate development construction
• Commercial brokerage services

Headquarters

HQ city

Memphis

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Management: Management fees for multi-family apartment communities and commercial properties
2. Investment Services: Real estate investment services for clients and investors
3. Development and Construction: Development and construction services for new real estate projects
4. Brokerage Services: Commercial and residential brokerage services including leasing

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Makowsky Ringel Greenberg is a vertically-integrated regional real estate investment company that owns, develops, constructs, manages, and brokers multi-family apartment communities and commercial real estate (retail, office, industrial) in the Memphis Metro across Tennessee, Mississippi, and Arkansas. It generates revenue from recurring property management fees, investment and development services for owners and investors, and commercial brokerage commissions. The portfolio includes 30+ owned/managed apartment communities totaling 5,000+ units in the Memphis area and nearly 1 million square feet of commercial real estate.

Product overview

Makowsky Ringel Greenberg, LLC is a vertically-integrated regional real estate investment company offering apartment communities and commercial properties rather than a unified software platform. The core offerings consist of Multi-Family Apartment Communities (residential rental housing with amenities) and Commercial Properties (retail shopping centers and industrial/flex space spanning nearly 1 million square feet across Tennessee, Mississippi, and Arkansas). Supporting services include Investment Services, Property Management, Development and Construction, and Brokerage Services. The portfolio includes named apartment communities such as Madison@McLean (108 units), @the park (176 units), and The Signature at Schilling Farms (251 units), alongside commercial retail and industrial properties like Shops of Angelo's Grove, Shops of Cobblestone, Covington Way industrial park, and various shopping centers across the Mid-South region.

Differentiator

Problem solved

Functional benefit

Brands

• Midtown Place: Umbrella brand for 9 Midtown properties totaling 241 units, including Stratford Place, Park Lane, and St. Regis.

Products and services

• Multi-Family Apartment Communities MRG owns and manages multi-family apartment communities across the greater Memphis area, offering residential rental housing with various amenity packages for individual tenants. The portfolio includes 30+ owned/managed communities and 5,000+ units.
• Commercial Properties
• Investment Services
• Property Management
• Development and Construction
• Brokerage Services
• The Signature at Schilling Farms
• Madison@McLean
• @the park
• Shops of Angelo's Grove
• Shops of Cobblestone Retail space on Goodman Road in Southaven, MS with bays of 1,300 SF, 34,000+ vehicles per day traffic count, and ample parking.
• Covington Way I 126,500 square foot industrial park in Memphis, TN with multi-tenant spaces of 3,000 SF up to 15,000 SF contiguous, featuring dock-high and drive-in doors.
• The Shops of Countrybridge Prime retail center in Lakeland, TN near I-40 with 1,300 SF bays and 48,000+ VPD traffic count.
• The Shops at Stonebridge Retail center in Lakeland, TN near I-40 with 1,300 SF bays and over 48,000 vehicles per day traffic count.
• Harmony Plaza Retail center at 2200 Frayser Blvd, Memphis, TN with available bays of 2,425 and 3,800 SF, anchored by Memphis STEM Academy and Cherokee Health Systems.
• Shops of Camp Creek Retail/office space in Olive Branch, MS at 8230 Camp Creek with 3,900 SF available, featuring high parking ratio and proximity to Highway 78.
• Southland Plaza Shopping Center 7,500 SF retail space near Elvis Presley Blvd in Memphis, TN Whitehaven submarket, ideal for service retail, childcare, fitness, wellness, or medical uses.
• Southaven's Town Square Mixed-use retail center at 5960 Getwell Road, Southaven, MS, offering 2,725 SF ground floor retail space, adjacent to Snowden Grove Park.

Quantifiable outcome

• Turnover rate of 42.7% in 2010 and 41% in 2011 compared to national average of 54% and Southeast regional average of 55%
• +2 more outcomes

Named customers12 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

Five partnerships are on record, tiered core and minor.

• Binghampton Development Corporation (BDC)coreStrategic or Co-development Partner · 1 October 2018MRG partnered with Binghampton Development Corporation in a building project to make home ownership affordable. MRG spearheaded and contributed to a fundraising campaign resulting in construction of a 1,474 sq ft, 3 bedroom, 2 bathroom home. MRG provided mentoring for BDC construction job training program participants.
• HopeWorksminorOthersMRG helps area's chronically unemployed find meaningful work through HopeWorks, a 13-week program including daily classes, counseling, mentoring, community meals, computer training, job interview preparation, and GED preparation. Barbara Taylor, MRG VP of administration, serves as secretary of HopeWorks' board of directors.
• Project Safeways CoalitionminorStrategic or Co-development PartnerMRG participates in Project Safeways, a nonprofit program to make apartment communities safer. Coalition includes MRG, LEDIC Management, ALCO, Plough Foundation ($450,000 grant), and city of Memphis Gun Down plan ($150,000).
• Telisis Community Credit UnionminorChannel Partner/ Reseller/ DistributorTelisis Community Credit Union hired MRG to manage a 50,000 square foot mixed-use development at 460 Tennessee Street, a historic downtown property with commercial space and apartment units.
• NOVA (Nonprofit)minorStrategic or Co-development PartnerMRG partnered with City of Memphis, Shelby County, and NOVA nonprofit to reduce domestic violence. MRG properties like Wingood Manor were assigned family service providers. Project was funded by a $2 million federal grant.

Scale indicators14 records

Recent moves13 records

Expansion highlights4 records

Broad incumbents

• Greystar Real Estate Partners: Largest multifamily property manager and developer in the U.S. with national scale. Competes with MRG for institutional third-party mandates and investment capital in regional markets like Memphis.
• CBRE Group: World's largest commercial real estate services and investment firm. Competes with MRG on commercial brokerage, investment sales, and property management mandates.
• Lincoln Property Company: National multifamily management, development, and investment firm with third-party management capabilities. Comparable vertically-integrated multifamily platform competing for institutional capital and management contracts.
• Wood Partners: National multifamily developer and operator with active Sun Belt pipeline. Comparable multifamily development and management platform competing for institutional capital and residents in Mid-South markets.
• Colliers International: Global commercial real estate services and investment management firm. Comparable commercial brokerage and property management offerings overlapping with MRG's commercial services.
• JLL (Jones Lang LaSalle): Global real estate services and investment management firm with multifamily and commercial brokerage, property management, and capital markets advisory. Overlaps with MRG's brokerage and investment services.
• Cushman & Wakefield: Global commercial real estate services firm offering brokerage, property management, and investment advisory. Competes with MRG's commercial brokerage and management service lines.

Direct peers

• LEDIC Management Company: Memphis-headquartered multifamily property management and investment firm operating across the Mid-South and beyond. Directly competes with MRG in third-party apartment management and ownership in the Memphis metro.

Regional players

• Henry Turley Company: Memphis-based real estate development and investment firm active in urban revitalization. Comparable Memphis-focused developer and landlord competing in Midtown submarkets.
• Boyle Investment Company: Memphis-based real estate developer and investor with multifamily and commercial holdings. Competes with MRG for development sites, tenants, and investor capital in the Memphis metro.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/MRGMemphis
• LinkedInlinkedin.com/company/makowsky-ringel-greenberg-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Makowsky Ringel Greenberg