Baldwin

Real Estate Property Managementbaldwinrealestatecorp.com

Baldwin Real Estate Corporation develops, owns, and manages affordable, senior, and market-rate housing alongside a 2 million square foot commercial portfolio across New York, Pennsylvania, and Ohio as part of the DiMarco Group family of companies.

Company typePrivate
Founded1991
HeadquartersRochester, United States
Headcount51–100
GTM typeB2B and B2C
OfferingServices

What Baldwin does

Baldwin Real Estate Corporation is a vertically integrated real estate development, ownership, and property management firm headquartered in Rochester, New York. Founded in 1991 as part of the DiMarco Group family of companies (a fifth-generation business tracing to 1910), the company develops, owns, and manages a portfolio of affordable housing, market-rate housing, senior housing, and commercial properties across New York State, Pennsylvania, and Ohio. Its affordable housing operations are funded primarily through the Low Income Housing Tax Credit (LIHTC) program, USDA Rural Development financing, HUD programs, and New York State housing finance and energy agencies, with a cumulative development track record of more than 1,500 units through new construction, renovation, and adaptive re-use.

The company's core service lines are property management, affordable housing development, and commercial property management, supported by residential management portals (Resident Connect, Prospect Connect) for leasing, rent payment, and maintenance requests. Its commercial portfolio exceeds 2 million square feet across 50+ properties, and recent developments include CreekView (96 units), the first PHIUS-certified affordable housing property in Upstate New York and a Net Zero ready community, signaling positioning for tightening energy-efficiency requirements. No proprietary technology platform, AI/ML capabilities, patents, or external funding rounds are disclosed.

Baldwin generates revenue through recurring monthly residential rental income on market-rate and affordable units, recurring commercial rental income on retail, office, and industrial properties, and professional services income from tax credit equity syndication for LIHTC projects. Its customer base spans individual affordable and senior housing residents, market-rate residents, commercial tenants (including named anchors such as Walmart, Burlington, CVS, and Key Bank), and tax credit syndicators and institutional investors (including Raymond James, Boston Capital, NEF, Key Community Development Corporation, and the Community Preservation Corporation). Go-to-market is direct-to-consumer via property-specific websites, on-site leasing offices, and a centralized corporate office, with investor outreach handled through a dedicated "For Investors" program.

Baldwin firmographics

Firmographics

Name: Baldwin
Legal name: Baldwin Real Estate Corporation
Website: https://baldwinrealestatecorp.com
Company type: Private
Founded year: 1991
Operating status: Operating
Headcount range: 51–100 employees
Short description: Baldwin Real Estate Corporation develops, owns, and manages affordable, senior, and market-rate housing alongside a 2 million square foot commercial portfolio across New York, Pennsylvania, and Ohio as part of the DiMarco Group family of companies.
Ownership category
akta.pro rank

Baldwin industry classification

Industry

Product category: Real Estate Property Management
NAICS: Real Estate Property Managers (53131), Residential Property Managers (531311), Lessors of Residential Buildings and Dwellings (531110), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)
SIC: Real Estate Agents & Managers (For Others) (6531), Lessors Of Real Property, Nec (6519), Operators Of Nonresidential Buildings (6512)
akta.pro primary industry: Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)
akta.pro secondary industry: Multifamily Apartment Property Management (BPAJAFAA)

Keywords

Affordable housing development
Property management services
Commercial real estate leasing
LIHTC tax credit syndications
Residential apartment communities

Where Baldwin is headquartered

Location

Headquarters

HQ city: Rochester
HQ country: United States
HQ region: North America

Offices1 record

Markets served

Baldwin business model

Business model

GTM type: B2B and B2C
Offering type: Services
Cost components: Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

Residential Rental Income: Monthly rental income from market rate and affordable housing apartment communities throughout New York State
Commercial Property Rental Income: Rental income from commercial/retail properties including office buildings, shopping centers, and industrial spaces across New York, Ohio, and Pennsylvania
Tax Credit Equity (LIHTC): Low Income Housing Tax Credit equity raised from investors and syndicators for affordable housing development projects

Pricing tiers

Model	Billing	Price
Subscription	Monthly	Fairport Senior Apartments at The Crosman - 1 Bedroom
Subscription	Monthly	Fairport Senior Apartments at The Crosman - 2 Bedroom
Subscription	Monthly	Bayshore Senior Apartments - 1 Bedroom

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Baldwin product offering

Product offering

Core offering

Baldwin Real Estate Corporation develops, owns, and manages a vertically integrated portfolio of residential and commercial real estate, with particular specialization in affordable housing built through LIHTC and USDA Rural Development financing. The company operates three core service lines: affordable housing development (new construction, renovation, and adaptive re-use), full-service property management for residential apartment communities, and commercial property management spanning more than 50 retail, office, and industrial properties across New York, Ohio, and Pennsylvania.

Product overview

Baldwin Real Estate Corporation is a vertically integrated real estate development and property management company offering three core service lines: Property Management Services, Affordable Housing Development, and Commercial Property Management. Founded in 1991 and headquartered in Rochester, NY, the company manages a diverse portfolio of residential apartment communities (including market rate, affordable, and senior housing), commercial properties, and retail centers throughout New York State and Pennsylvania. The company is part of the DiMarco Group family of companies and is currently led by fifth-generation family leadership.

Differentiator

Problem solved

Functional benefit

Products and services

Affordable Housing Development Development of affordable housing communities through new construction, renovation, and adaptive re-use of existing buildings, with primary financing through Low Income Housing Tax Credit (LIHTC) and USDA Rural Development programs. The CreekView project is the first PHIUS Passive House Certified affordable housing community in Upstate New York (Net Zero ready, 96 units).
Property Management Services Comprehensive property management services for residential and commercial properties throughout New York State, including tenant relations, maintenance, operational oversight, and self-serve online portals (Resident Connect and Prospect Connect) for rent payment, maintenance requests, lease renewals, and unit searches.
Commercial Property Management Management of commercial properties including office buildings, retail and mixed-use shopping centers, and industrial spaces, with a portfolio exceeding 2 million square feet across more than 50 properties. Anchor tenants include Walmart, Burlington, CVS, and Key Bank at BayTowne; office tenants include Usherwood Office Technology and Monroe County Board of Elections.
Residential Apartment Communities Portfolio of owned and managed residential apartment communities including market-rate luxury (Daniel's Creek, Larkin Creek), affordable housing (Bayshore North, Baldwin Park, CreekView), and senior housing for residents 55+ (Fairport Senior Apartments at The Crosman, Bayshore Senior Apartments), across New York and Pennsylvania.

Quantifiable outcome

Delivers annual promised IRS 8609 credits to every investor on every project, every year, without exception
+1 more outcomes

Companies that use Baldwin

Customer profile

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Baldwin technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Baldwin partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core and supporting.

NYS Housing & Community Renewal (NYSHCR)coreOthersPrimary state agency partner providing funding and regulatory oversight for affordable housing development in New York State.
USDA Rural DevelopmentcoreOthersFederal agency providing financing and rental assistance for rural affordable housing properties throughout Baldwin's portfolio.
NYS Housing Finance Agency (NYSHFA)coreOthersState housing finance agency providing bond financing and support for affordable housing development.
NYSERDAsupportingOthersState energy research authority providing energy efficiency programs including Multifamily Performance Program and Net Zero initiatives.
Federal Home Loan Bank (FHLB)supportingOthersFederal home loan bank providing affordable housing funding and grants.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Baldwin competitors and assessment

Company assessment

Direct peers

Conifer Realty: Rochester, NY-headquartered affordable and market-rate multifamily developer and manager with a large LIHTC portfolio across New York and the Northeast. Closest geographic and product overlap with Baldwin's Upstate NY affordable and senior housing portfolio.
The Community Builders: Nonprofit affordable and mixed-income housing developer/manager with substantial LIHTC and HUD portfolio across the Northeast and Midwest. Comparable to Baldwin in affordable housing mission focus, mixed affordable/market-rate operations, and use of public financing.
The Michaels Organization: Vertically integrated affordable and workforce housing developer, owner and manager working extensively with LIHTC syndicators and state housing finance agencies. Comparable to Baldwin in combining affordable housing development with long-term property management and tax credit investor relationships.
WinnCompanies: One of the largest US affordable and market-rate multifamily owner/managers/developers, with deep expertise in LIHTC, HUD, and state housing finance agency programs. Directly comparable to Baldwin's vertically integrated affordable housing development, ownership, and third-party management model across multiple states.
NRP Group: National LIHTC and market-rate multifamily developer with in-house property management, leveraging public/private partnerships with state housing finance agencies. Comparable to Baldwin in deal structure, syndication partnerships, and integrated management capability.
Beacon Communities: Mission-driven affordable and mixed-income housing developer and manager using LIHTC, HUD, and state financing programs with a national footprint. Closely matches Baldwin's affordable housing development focus and long-term ownership/management orientation.

Others

Enterprise Community Partners: National mission-driven affordable housing organization deploying LIHTC equity, development capital, and policy advocacy. Comparable ecosystem participant to Baldwin through shared state/federal agency relationships, LIHTC syndication activity, and affordable housing development pipeline in New York.

Broad incumbents

Brixmor Property Group: Large publicly traded open-air shopping center REIT with national portfolio of grocery-anchored retail centers. Comparable to Baldwin's commercial property management platform (BayTowne, Perinton Square, Hampton Ridge, Liberty Plaza) and anchor tenant leasing model (Walmart, Burlington, CVS).
Related Companies: Nationwide real estate developer with large affordable (Related Affordable) and market-rate housing platforms plus mixed-use commercial. Broader incumbent than Baldwin but overlaps heavily in LIHTC-financed affordable housing development and management.

Regional players

Ciminelli Real Estate Corporation: Buffalo-headquartered Upstate New York real estate developer, owner and manager with significant commercial office, industrial, and multifamily holdings. Directly comparable regional peer to Baldwin's Rochester-based commercial property management and New York multifamily operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Baldwin financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Baldwin leadership team

Management profile

Number of profiles

Profiles15 records

Baldwin subsidiaries and ownership

Company hierarchy

Subsidiaries12 records

Baldwin funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Baldwin M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Baldwin

What does Baldwin do?

Is Baldwin a public or private company?

Baldwin is a private company. It is classified as family owned and is currently operating.

When was Baldwin founded?

Baldwin was founded in 1991. It employs 51 to 100 people.

Where is Baldwin based?

Baldwin is headquartered in Rochester, United States, in the North America region.

How does Baldwin make money?

Three revenue lines are on record. Residential Rental Income is the primary driver. The others are commercial Property Rental Income and tax Credit Equity (LIHTC).

Who are Baldwin's main competitors?

Direct peers on record are Conifer Realty, The Community Builders, The Michaels Organization, WinnCompanies, NRP Group and Beacon Communities. Enterprise Community Partners is listed as an others. Broad incumbents are Brixmor Property Group and Related Companies. Ciminelli Real Estate Corporation is listed as a regional player.

Does Baldwin have an API?

No public API is recorded for Baldwin.

What industry is Baldwin in?

Baldwin's product category is Real Estate Property Management. Its primary akta.pro industry code is BPAJAFAD, Affordable & Subsidized Housing Property Management (LIHTC, Section 8), with a secondary code of BPAJAFAA, Multifamily Apartment Property Management. Its NAICS code is 53131 and its SIC code is 6531.