Shelter Corporation

Name

Shelter Corporation

Legal name

Shelter Corporation

Website

https://sheltercorp.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Minnetonka

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: Full-service property management including tenant placement, rent collection, maintenance coordination, and financial reporting for multifamily and active adult communities.
2. Asset Management Services: Comprehensive asset management for market rate and affordable housing including financial performance optimization, portfolio analysis, and strategic planning.
3. Development Services: Affordable housing development including site selection, financing strategies (LIHTC), construction management, and compliance navigation from concept to completion.
4. Compliance Management Services: Affordable housing compliance consulting including program compliance (LIHTC, Section 8, HOME), file audits, certification management, and regulatory navigation.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Shelter Corporation is a residential property management company that provides full-service property management, asset management, maintenance (Legacy Maintenance), affordable housing development, and compliance management for multifamily and active adult rental communities. The company manages over 4,000 units across Minnesota, Florida, Texas, and North Dakota, serving property owners, investors, and developers with an integrated service offering from development through ongoing operations.

Product overview

Shelter Corporation is a property management company offering an integrated platform of five core service modules: Property Management, Asset Management, Legacy Maintenance, Development Services, and Compliance Management. These services work together to serve multifamily and active adult rental communities, with the company managing over 4,000 units across Minnesota, Florida, Texas, and North Dakota. The company also operates several branded supportive housing sub-products including 66 West, Creekside Commons, Nicollet Square, Prairie Pointe, and Washington County Family Housing, which focus on youth homelessness, workforce housing, and family housing programs.

Differentiator

Problem solved

Functional benefit

Brands

• Legacy Maintenance: The company's roving maintenance team and comprehensive preventive maintenance program formed 10 years ago to protect the long-term viability of properties.

Products and services

• Property Management Full-service property management encompassing tenant placement and screening, rent collection, financial management, property maintenance coordination, legal compliance, and owner/tenant relations for multifamily rental communities. Targeted at property owners and investors seeking professional management.
• Asset Management Comprehensive asset management for market rate and affordable housing communities, including financial performance reporting, portfolio analysis, operations oversight, compliance guidance, and resident experience optimization. Designed for property owners and investors seeking to maximize asset value.
• Legacy Maintenance Proactive and responsive property maintenance services including reactive work orders, issue diagnosis, inspections, preventative maintenance programs, customized maintenance plans, and 24/7 emergency response. Provided by an in-house roving maintenance team to protect the long-term viability of properties.
• Development Services Affordable housing development services covering site selection and feasibility analysis, community engagement, design and planning, financing strategies using LIHTC and other funding sources, construction management, compliance navigation, and post-construction support. Targeted at affordable housing developers and partners.
• Compliance Management Affordable housing compliance services including LIHTC, HUD, HOME Investment Partnerships, and Section 8 program compliance, file audits, application management, regulatory updates, corrective action support, and audit preparation. Targeted at owners of affordable housing communities navigating complex program rules.
• 66 West Supportive housing community in Edina, Minnesota providing 39 fully furnished apartments for young adults ages 18-24 who have experienced homelessness, with on-site case management, life skills coaching, and employment assistance. Targeted at vulnerable young adults in need of stable housing and supportive services.
• Creekside Commons 30-unit workforce housing community in South Minneapolis developed in partnership with Beacon Interfaith Housing Collaborative, offering affordable homes for individuals and families. Targeted at workforce households seeking affordable rental housing.
• Nicollet Square Supportive housing community in Minneapolis for young adults ages 18-24 exiting homelessness or foster care, offering affordable studio apartments with on-site case management, life skills training, and employment readiness services. Targeted at vulnerable young adults.
• Prairie Pointe Supportive housing development in Shakopee, Minnesota offering up to 46 affordable homes for families experiencing housing insecurity in Scott and Carver counties, with individualized on-site support services. Targeted at families needing stable, affordable housing with supportive services.
• Washington County Family Housing Scattered-site housing portfolio in Washington County, Minnesota consisting of 50 units (single-family homes, townhomes, duplexes, apartments) with 2-4 bedrooms, featuring garages, in-home washer/dryers, and spacious yards. Targeted at families needing affordable rental housing.

Quantifiable outcome

• Seamless compliance audits with zero findings for affordable housing clients
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Beacon Interfaith Housing CollaborativecoreStrategic or Co-development PartnerPartnership for Creekside Commons, a 30-unit workforce housing community developed in partnership with Beacon Interfaith Housing Collaborative adjacent to Creekside United Church of Christ in South Minneapolis. Reflects the church's commitment to social justice and providing affordable housing solutions.
• The Waters Senior LivingminorOthersShelter spun off its senior living business in 2015, forming The Waters Senior Living. Maintains a relationship as a former business unit and potential ongoing partnership connection.
• Legacy MaintenancecoreTechnology or IntegrationShelter formed a roving maintenance team 10 years ago (prior to current date) to protect the long-term viability of properties through a comprehensive preventive maintenance program. Now branded as Legacy Maintenance, providing both reactive and preventative maintenance services.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Greystar Real Estate Partners: Largest U.S. multifamily property management company managing 830,000+ units across the U.S. Direct competitor for third-party management mandates and a benchmark for institutional-scale PM operating models.
• Lincoln Property Company: National multifamily property management and development firm with ~220,000 units under management. Directly comparable for third-party management services and multifamily development expertise.
• WinnCompanies: Multifamily property management firm with significant affordable housing exposure (LIHTC, Section 8). Closely comparable to Shelter's affordable housing specialization and mixed-income portfolio approach.
• Bozzuto: Multifamily property management and development firm operating across the U.S. East Coast and Midwest. Directly comparable for third-party management services, technology-enabled operations, and integrated development-plus-management platform.
• Dominium: One of the largest affordable housing developers and managers in the U.S., with deep LIHTC expertise. Closely comparable for affordable housing specialization and integrated development/management model.
• McCormack Baron Management: National affordable housing property management and development firm focused on urban mixed-income communities. Comparable for affordable housing specialization and supportive/workforce housing operations.
• ConAm Management: Multifamily property management firm managing ~65,000 units across the Western and Midwestern U.S. Directly comparable for third-party management services and similar mid-sized regional PM positioning.
• Apartment Management Consultants: Multifamily property management company with significant affordable housing exposure (LIHTC compliance). Comparable for affordable housing compliance specialization and third-party management services.

Broad incumbents

• Cushman & Wakefield: Global commercial real estate services firm offering property management among a broad portfolio of services (leasing, capital markets, valuation). Provides overlapping multifamily PM capability but as part of a much wider service suite.
• JLL (Jones Lang LaSalle): Global real estate services firm with multifamily property management capability within a broader investment management and brokerage platform. Adjacent incumbent competing for institutional owner mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ShelterCorporation
• LinkedInlinkedin.com/company/shelter-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

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 Shelter Corporation