Realty Resources Management
Realty Resources Management is a family-owned, Rockport, Maine-based property management firm that manages 80+ affordable housing properties (HUD, Rural Development, LIHTC) and assisted living facilities across six U.S. states, serving property owners, investors, and low-income residents.
- Company typePrivate
- Founded1976
- HeadquartersRockport, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Realty Resources Management does
Realty Resources Management, LLC is a privately-held, family-owned property management company founded in 1976 by Joe and Linda Cloutier and headquartered at 247 Commercial Street, Suite A, Rockport, Maine. The firm specializes in third-party management of affordable housing — including HUD, USDA Rural Development, LIHTC, HOME, and Bond program properties — and also operates assisted living facilities and a resident service coordination program. As of the most recent disclosures, RRM manages more than 80 properties comprising over 2,000 apartment homes across six U.S. states (Maine, New Hampshire, Vermont, Massachusetts, Georgia, and Kentucky), serving property owners, developers, and investors as B2B clients while housing low-income residents, elderly tenants, and Section 8 voucher holders.
The company's service portfolio comprises three core offerings: Property Management (the largest line, covering affordable, market-rate, workforce, and assisted living properties), Assisted Living (private one-bedroom apartments with 24-hour care, delivered in partnership with local community action programs in Maine and Massachusetts), and Resident Service Coordination (a social-service-staffed resource-connection program now being offered externally to other property management companies). RRM's operational technology centers on regulatory compliance platforms — TRACS and MINC transaction processing — with a certified specialist bench handling LIHTC, HOME, and Bond program annual reporting; the company has no consumer-facing digital products, mobile applications, or APIs. The firm is registered as an equal opportunity provider and employer under federal and USDA non-discrimination requirements.
RRM generates revenue through managed-services fees on third-party property management contracts and assisted living services, with pricing negotiated directly with property owners on a quote basis rather than publicly disclosed. Its go-to-market is enterprise field sales targeting affordable housing stakeholders in the U.S. Northeast, with recent geographic expansion into the Southeast (Georgia and Kentucky). Leadership includes owners Joe and Linda Cloutier (co-founders; Joe passed away in January 2023), CEO Heather Deane (promoted June 2021, holding Tax Credit Specialist and Certified Occupancy Specialist certifications), and CFO Bill Pearse Jr. (with the firm since 1986). The company is structured as an LLC, is entirely family-controlled, and has no disclosed external institutional investors or parent holding company.
Realty Resources Management firmographics
Firmographics- Name
- Realty Resources Management
- Legal name
- Realty Resources Management, LLC
- Website
- https://realtyresourcesmanagement.com
- Company type
- Private
- Founded year
- 1976
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Realty Resources Management is a family-owned, Rockport, Maine-based property management firm that manages 80+ affordable housing properties (HUD, Rural Development, LIHTC) and assisted living facilities across six U.S. states, serving property owners, investors, and low-income residents.
- Ownership category
- akta.pro rank
Realty Resources Management industry classification
Industry- Product category
- Affordable Housing Property Management
- NAICS
- Residential Property Managers (531311), Assisted Living Facilities for the Elderly (623312)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Services-To Dwellings & Other Buildings (7340), Services-Nursing & Personal Care Facilities (8050)
- akta.pro primary industry
- Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)
- akta.pro secondary industries
- Senior Living Property Management (BPAJAGAI), Senior & Assisted Living Residential Property Management (BPAJAFAE)
Keywords
Where Realty Resources Management is headquartered
LocationHeadquarters
- HQ city
- Rockport
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Realty Resources Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Others, Marketing or Sales
Revenue model
- Property Management Services: Third-party property management fees for managing affordable residential properties across multiple states. Includes management of conventional, Rural Development, HUD, and LIHTC properties. Revenue derived from property management contracts with property owners and investors.
- Assisted Living Services: Assisted living services provided through private one-bedroom apartments with 24-hour care. Services are provided in partnership with local trusted community action programs.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels1 record
Realty Resources Management product offering
Product offeringCore offering
Realty Resources Management provides third-party property management services for affordable, market-rate, assisted living, and workforce housing properties across Maine, New Hampshire, Vermont, Massachusetts, Georgia, and Kentucky. The company also operates assisted living facilities offering private one-bedroom apartments with 24-hour care and provides dedicated resident service coordinators who connect residents to community resources. It manages 80+ properties and 2,000+ apartment homes with specialized compliance expertise in HUD, USDA Rural Development, and LIHTC programs.
Product overview
Realty Resources Management is a professional property management company offering three core services: Property Management, Assisted Living, and Resident Service Coordination. The company manages over 80 properties across New England states (Maine, New Hampshire, Vermont, Massachusetts) and has expanded into Georgia and Kentucky, serving over 2,000 apartment homes. Property Management handles affordable, market rate, and workforce housing; Assisted Living provides private apartments with 24-hour care in Maine and Massachusetts; and Resident Service Coordination connects residents with vital community resources. The company was founded in 1976 and is led by owners Joe and Linda Cloutier (continuing Joe's legacy after his passing in 2023), with CEO Heather Deane overseeing day-to-day operations.
Differentiator
Problem solved
Functional benefit
Products and services
- Property Management Professional property management services for affordable, market rate, assisted living, and workforce housing properties. The company manages over 80 properties serving 2,000+ apartment homes across Maine, New Hampshire, Massachusetts, and Vermont.
- Assisted Living
Companies that use Realty Resources Management
Customer profileSegments3 records
Ideal customer profiles1 record
Realty Resources Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Realty Resources Management partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- HUD (U.S. Department of Housing and Urban Development)corePartnership with HUD for management of affordable housing properties. The company manages properties under HUD programs and maintains compliance with HUD requirements.
- Rural Development (USDA)corePartnership with USDA Rural Development for management of rural affordable housing communities. The company develops and manages properties under Rural Development programs.
- LIHTC (Low Income Housing Tax Credit) ProgramscoreManagement of properties under Low Income Housing Tax Credit programs, including oversight of compliance and reporting requirements for LIHTC properties.
- MaineHousingcorePartnership with MaineHousing (Maine State Housing Authority) for affordable housing development and management, including oversight of HOME program compliance.
- Local Community Action ProgramscorePartnership with local trusted community action programs to provide assisted living services. These partners deliver care services in the company's assisted living facilities.
Scale indicators6 records
Recent moves8 records
Expansion highlights4 records
Realty Resources Management competitors and assessment
Company assessmentBroad incumbents
- WinnCompanies: WinnCompanies is one of the largest multifamily property managers in the U.S., with a sizable affordable housing portfolio and full lifecycle services (development, management, compliance) — directly comparable to Realty Resources Management's affordable housing focus, but at significantly greater scale and broader geography.
- The Michaels Organization: The Michaels Organization is a national developer and manager of affordable, student, and military housing with expertise in LIHTC and HUD programs — comparable to Realty Resources Management's affordable regulatory focus and fee-for-service model, but at national scale.
- National Church Residences: National Church Residences operates one of the largest portfolios of senior and affordable housing in the U.S., with assisted-living services and HUD/LIHTC programs — directly comparable to Realty Resources Management's affordable and assisted-living offerings.
Direct peers
- Conifer Realty: Conifer Realty is a Northeast-based owner/operator of affordable and mixed-income LIHTC housing, offering comparable property management services in similar geographic markets (NY/NJ/PA), making it a close direct peer for portfolio composition and service model.
- Beacon Communities: Beacon Communities develops and manages affordable and mixed-income rental housing, including LIHTC and HUD-funded properties — a closely aligned peer for property management services in the affordable segment.
- Peabody Companies: Peabody Companies is a New England-based property management firm specializing in affordable housing compliance (LIHTC, HUD, Section 8), with a similar resident-services and regulatory-compliance approach to Realty Resources Management.
- Preservation of Affordable Housing (POAH): POAH is a nonprofit owner and operator of affordable rental housing, providing property management and resident services with a focus on LIHTC and HUD-assisted properties — comparable in mission, service mix, and resident-coordination emphasis.
- HallKeen Management: HallKeen Management is a regional (New England/Mid-Atlantic) property manager with a strong affordable and mixed-income housing portfolio, including assisted-living communities — a closely comparable peer in size, geography, and service mix.
Emerging players
- Catholic Charities Housing (Affordable Housing Mgmt arm): Various Catholic Charities and faith-based nonprofit housing arms manage affordable LIHTC/HUD properties in Northern New England and beyond, with comparable service-coordination and tenant-support programs.
- Hebrew SeniorLife (or comparable senior-living operator): Hebrew SeniorLife and similar New England senior-care organizations provide assisted living and supportive housing with service coordination, overlapping Realty Resources Management's assisted-living and resident-services components.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Realty Resources Management social profiles
Digital presenceRealty Resources Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Realty Resources Management leadership team
Management profileNumber of profiles
Profiles12 records
Realty Resources Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Realty Resources 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 Realty Resources Management
What does Realty Resources Management do?
Realty Resources Management provides third-party property management services for affordable, market-rate, assisted living, and workforce housing properties across Maine, New Hampshire, Vermont, Massachusetts, Georgia, and Kentucky. The company also operates assisted living facilities offering private one-bedroom apartments with 24-hour care and provides dedicated resident service coordinators who connect residents to community resources. It manages 80+ properties and 2,000+ apartment homes with specialized compliance expertise in HUD, USDA Rural Development, and LIHTC programs.
Is Realty Resources Management a public or private company?
Realty Resources Management is a private company. It is classified as family owned and is currently operating.
When was Realty Resources Management founded?
Realty Resources Management was founded in 1976. It employs 11 to 50 people.
Where is Realty Resources Management based?
Realty Resources Management is headquartered in Rockport, United States, in the North America region.
How does Realty Resources Management make money?
Two revenue lines are on record. Property Management Services are the primary driver. The others are assisted Living Services.
Who are Realty Resources Management's main competitors?
Broad incumbents on record are WinnCompanies, The Michaels Organization and National Church Residences. Direct peers are Conifer Realty, Beacon Communities, Peabody Companies, Preservation of Affordable Housing (POAH) and HallKeen Management. Emerging players are Catholic Charities Housing (Affordable Housing Mgmt arm) and Hebrew SeniorLife (or comparable senior-living operator).
Does Realty Resources Management have an API?
No public API is recorded for Realty Resources Management.
What industry is Realty Resources Management in?
Realty Resources Management's product category is Affordable Housing Property Management. Its primary akta.pro industry code is BPAJAFAD, Affordable & Subsidized Housing Property Management (LIHTC, Section 8), with a secondary code of BPAJAGAI, Senior Living Property Management. Its NAICS code is 531311 and its SIC code is 6531.