What BORROR does

BORROR is a privately held, vertically integrated real estate company headquartered in Columbus, Ohio that develops, builds, owns, and manages residential and mixed-use real estate across Central Ohio. Founded in 2008 by Doug Borror and Lori Steiner, the company traces its lineage to a 60-plus year Borror family real estate franchise and operates through three service lines: (1) Development — luxury multifamily apartments (The Beeker, 303, 40 West, The Jerome, The Prescott), mixed-use developments (985 High at The Castle, Xander on State, The Adelphi Quarter), and master-planned communities (Easton Farm, Melody Parks); (2) Affordable Senior Living — a portfolio of 15 HUD Section 202 and LIHTC-funded communities managed across Ohio under the BRC Properties subsidiary; and (3) Apartment Management Services — third-party property management for multifamily owners covering leasing, maintenance, and financial reporting.

The company monetizes through recurring rental income from owned apartment communities, development fees and construction revenue (via Borror Construction Co.) serving as general contractor on partnership projects, and managed-service fees from senior living and third-party property management contracts. Market-rate units price from approximately $985/month (studios at 985 High) to $1,095+/month for larger units, while senior housing rents are income-based at roughly 30% of adjusted annual income under HUD program limits. Customer concentration is split between individual market-rate renters in urban Columbus neighborhoods (Short North, Italian Village, Victorian Village, King Lincoln District, Discovery District, RiverSouth) and a second segment of municipalities, the Catholic Diocese, and nonprofit/private developers seeking co-development partners for community-scale projects.

BORROR's competitive position rests on regulatory expertise in HUD/LIHTC programs, deep Central Ohio relationships cultivated over decades, a vertically integrated platform that compresses the development-construction-management chain, and brand recognition anchored by the Borror family name and the BIA Hall of Fame induction. The company has cumulatively developed over 15,000 residential units in Central Ohio, owns or operates 15 senior living communities statewide, and is actively scaling into larger master-planned formats beyond urban infill, with growth concentrated in Ohio and underpinned by a refreshed executive team led by CEO Zac Sugarman.

Name

BORROR

Legal name

BORROR

Website

https://borror.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

BORROR is a Columbus, Ohio-based private real estate developer, builder, and operator developing, constructing, and managing luxury multifamily apartments, mixed-use projects, master-planned communities, and a 15-property affordable senior living portfolio across Ohio.

Ownership category

akta.pro rank

Product category

Real Estate Development & Property Management

NAICS

Residential Property Managers (531311), Lessors of Residential Buildings and Dwellings (531110), New Single-Family Housing Construction (except For-Sale Builders) (236115)

SIC

Operators Of Apartment Buildings (6513), General Bldg Contractors - Residential Bldgs (1520), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

Keywords

• Real estate development
• Property management services
• Affordable senior housing
• Mixed-use developments
• Multifamily residential construction

Headquarters

HQ city

Columbus

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Apartment Rental Income: Revenue from marketing and managing preferred rental communities. The company owns and operates market-rate apartment communities across Columbus, Ohio, generating recurring rental income from tenants.
2. Development Fees: Revenue from developing new residential communities including multifamily apartments, senior living facilities, and master-planned communities. The company serves as developer and general contractor for projects.
3. Senior Living Property Management: Revenue from managing affordable senior living communities. Properties are funded through HUD's Section 202 program and Ohio Housing Finance Agency. Rent assistance available based on need.
4. Construction Services: Revenue from construction activities through Borror Construction Co., serving as general contractor on development projects

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

BORROR is a vertically integrated real estate company operating across three core lines: (1) Development of luxury multi-family apartments, mixed-use developments, and master-planned communities in Central Ohio; (2) Affordable senior living management across a portfolio of 15 communities throughout Ohio funded through HUD Section 202 and Ohio Housing Finance Agency programs; (3) Comprehensive property management services including marketing, maintenance, financial management, and vendor coordination for owned and third-party rental communities.

Product overview

BORROR is a real estate development, construction, and property management company offering a portfolio of residential products across Ohio. The company's product portfolio consists of three main service lines: (1) Development - which includes luxury multi-family apartments (The Beeker, 303, 40 West, The Jerome, The Prescott), mixed-use developments (985 High at The Castle, Xander on State, The Adelphi Quarter), and master-planned communities (Easton Farm, Melody Parks); (2) Senior Living - a portfolio of 15 affordable housing communities managed across Ohio serving seniors; and (3) Apartment Management Services - comprehensive property management for multifamily communities. The portfolio spans urban infill developments in Columbus neighborhoods (Short North, Italian Village, Victorian Village, King Lincoln District, Discovery District) to suburban and regional communities throughout Ohio.

Differentiator

Problem solved

Functional benefit

Products and services

• 985 High at The Castle Mixed-use development with 105 luxury apartments, 11,000 sq ft retail space, 12,000 sq ft office space, and a 210-space public parking garage in the Short North arts district of Columbus, Ohio.
• The Beeker 89-unit boutique apartment building in Italian Village featuring smart apartment technology, rooftop amenity deck with skyline views, and ground-floor retail/restaurant space. Apartments include hardwood floors, stainless steel appliances, granite countertops, and in-unit laundry.
• 303 89-unit multifamily residence in the RiverSouth district of Columbus featuring studios and one-to-two bedroom apartments with rooftop deck and views of the Scioto Mile. Includes secure parking.
• 40 West 16-unit boutique apartment building in Victorian Village, Columbus featuring penthouse terraces, hardwood floors, and attached secure parking.
• The Jerome 54-unit residential building in Victorian Village, Columbus with common areas including Wi-Fi cafe, outdoor patio, and entertainment deck with gas grills.
• The Prescott BORROR's first urban redevelopment project on Prescott Street in Short North, featuring a 24-unit upscale multifamily building with high-end finishes and luxury amenities.
• Xander on State Six-story mixed-use development in Columbus' Discovery District with 221 boutique apartments, 15,000 sq ft commercial space, resort-style pool, and state-of-the-art fitness facility.
• The Adelphi Quarter 130-unit boutique apartment development in Columbus' King Lincoln District featuring 9,000 sq ft commercial space, public plaza, and workforce housing units. Developed in partnership with Kingsley & Co. and Columbus Next Generation.
• Easton Farm 105-acre mixed-use development in Springboro, Ohio co-developed with Dillin, including commercial space, multifamily property, walking/bike paths, townhomes, and a school site.
• Melody Parks 400-acre dynamic master planned community in Springfield, Ohio offering 1,200+ housing options including single-family homes, multi-family apartments, and for-rent patio homes.
• Senior Living Portfolio Portfolio of 15 affordable senior living communities across Ohio serving residents 62+ with income-based rent assistance through HUD Section 202 and Ohio Housing Finance Agency programs. Rent based on 30% of adjusted annual income; utilities included at some locations.
• Apartment Management Services End-to-end property management services including occupancy management, resident retention, maintenance, collections, financial management, and vendor coordination for multifamily rental communities and third-party property owners.

Quantifiable outcome

• 15,000+ residential units developed and managed
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles4 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

15 partnerships are on record, tiered core and minor.

• Kingsley & Co.coreStrategic or Co-development Partner · 1 July 2019Co-developer with Borror for The Adelphi Quarter project in Columbus' King Lincoln District. Kingsley & Co. is a minority-owned commercial real estate and development firm. The partnership formed Del Partners, a joint venture between Kingsley & Co. and Borror.
• Columbus Next GenerationcoreStrategic or Co-development Partner · 1 July 2019Nonprofit development partner for The Adelphi Quarter project. Columbus Next Generation identifies under-utilized properties in core Columbus neighborhoods. The Adelphi Quarter is their largest project to date.
• Del PartnerscoreStrategic or Co-development Partner · 1 July 2019Joint partnership between Kingsley & Co. and Borror Development Co. serving as developer and builder for The Adelphi Quarter project.
• Dillin CorpcoreStrategic or Co-development PartnerJoint development partner for master-planned communities including Easton Farm (105-acre mixed-use development in Springboro) and Melody Parks (400-acre dynamic master planned community in Springfield, Ohio with 1200+ housing units). Dillin provides expertise in master-planned, mixed-use community place making.
• Forty PartnerscoreStrategic or Co-development PartnerJoint venture partnership between Borror and Dillin Corp for the Melody Parks master-planned community development in Springfield, Ohio. The partnership also includes Greater Springfield CIC.
• Eclipse Co.minorImplementation/ SI/ Consulting PartnerGeneral contractor for Easton Farm development project.
• City of ColumbuscoreStrategic or Co-development PartnerMunicipal partner for urban development projects including The Adelphi Quarter. The city provides support through its Development Department and has invested in public parking infrastructure at projects like 985 High.
• Seton Development, Inc.coreStrategic or Co-development PartnerAffiliate of the Catholic Diocese of Columbus providing co-development and support for affordable senior living communities including Seton Square Portsmouth.
• Marous Brothers ConstructionminorImplementation/ SI/ Consulting PartnerGeneral contractor for Seton South & Seton West Renovation project.
• The Douglas CompanyminorImplementation/ SI/ Consulting PartnerGeneral contractor for Seton Square Portsmouth senior living development.
• White CastlecoreStrategic or Co-development PartnerJoint venture partner for 985 High at The Castle development in Short North. White Castle contributed to the project that includes public parking garage.
• Whiting-TurnerminorImplementation/ SI/ Consulting PartnerGeneral contractor for 985 High at The Castle mixed-use development.
• Nationwide Children's HospitalminorOthersCommunity partner through Borror Family Foundation. Dani Sugarman previously worked as Community Relations Specialist for the Healthy Homes program at Nationwide Children's Hospital.
• OhioHealthminorOthersCommunity partner supported through Borror Family Foundation initiatives including Birdies for Buddies golf tournament for prostate cancer research and OhioHealth Neuroscience Wellness Center.
• The Columbus FoundationminorOthersCommunity partner in Columbus giving and civic initiatives supported by the Borror Family Foundation.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• M/I Homes: Public homebuilder headquartered in Columbus, OH with significant Central Ohio for-sale single-family and master-planned exposure. Overlaps with BORROR on Columbus geography and on for-sale residential build (Melody Parks, Easton Farm).
• PulteGroup: National public homebuilder (Centex, Del Webb, Pulte, John Wieland) operating in the Columbus MSA. Comparable to BORROR's for-sale and active-adult components of master-planned communities, though substantially larger scale.
• Greystar Real Estate Partners: Largest US multifamily property manager and developer with extensive third-party management, investment, and build-to-rent operations. Overlaps with BORROR's apartment management services and development lines as a scaled, broad incumbent.
• AvalonBay Communities: Public multifamily REIT with development and operating platforms targeting urban, high-end rental product. Comparable on urban Class A apartment ownership/leasing (e.g., 985 High), though operates at REIT scale and geographic breadth.

Direct peers

• Casto Organization: Long-established Columbus-based real estate developer with multifamily, mixed-use, and commercial holdings across Central Ohio. Direct comparable on Columbus infill development focus and mixed-use product type (e.g., The Beeker, 985 High).
• Wood Partners: Nationally focused multifamily developer/builder/manager with a mixed-use and market-rate product overlap to BORROR's urban infill apartment portfolio (Beeker, Jerome, Prescott). Comparable on build-to-rent-to-manage vertical structure.
• The NRP Group: Cleveland-based affordable multifamily developer and manager using LIHTC and HUD financing. Closely comparable to BORROR's affordable senior living development/management arm in terms of program expertise and vertical model.
• Wallick Communities: Columbus, OH-based operator of multifamily and affordable senior housing communities across the Midwest. Nearest direct comparable to BORROR on geography, segment mix (market-rate + Section 8/subsidized senior living), and mid-scale, family/private ownership profile.
• Five Point Holdings: Master-planned community developer (Great Park, Candlestick) with mixed-use, residential, and commercial land strategies. Closely comparable to BORROR's Melody Parks and Easton Farm master-planned community model.
• National Church Residences: Columbus-headquartered nonprofit operator of affordable senior housing funded through HUD Section 202 and LIHTC. Direct peer to BORROR's BRC Properties senior living portfolio across the same funding programs and geographies.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/borrorproperties
• LinkedInlinkedin.com/company/borror-properties
• Instagraminstagram.com/borrorurbanliving
• Xx.com/borrorbuzz

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 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 BORROR