Bellaire Property Management

What Bellaire Property Management does

Bellaire Multifamily Management (BMM) is a boutique property management firm headquartered in Dallas, Texas, that operates as the property management subsidiary of Bellaire Real Estate Funds. The company manages B and C class (and selectively A class) apartment communities across Texas with a portfolio exceeding 4,000 units and 15 named communities in major markets including Dallas-Fort Worth, Austin, and San Antonio. Its services cover full-service property operations, lease-ups, distressed asset turnaround, lender-owned/REO asset management, receivership assignments, construction management, and due diligence support for acquisitions and dispositions. BMM occupies a niche in operating underperforming and post-foreclosure assets, with case studies documenting NOI increases of 28.0%-71.3% and IRRs of 20.30%-36.68% across prior dispositions.

The firm is vertically integrated with parent Bellaire Real Estate Funds (investment sponsor) and adjacent BRC Commercial Bridge Fund (private money lender), allowing coordinated acquisition, financing, and operating execution. BMM earns revenue primarily through third-party property management fees on managed portfolios, supplemented by construction management, transition, and due diligence services. The company has a sales-led, relationship-driven go-to-market motion built on referrals from lenders, institutional investors, developers, and property owners, supported by case studies showing investor returns, content marketing (blog and CEO-authored white paper), and industry event participation such as the Marcus Millichap Multifamily Forum. No third-party technology platforms, AI capabilities, or proprietary software is publicly disclosed; the firm describes its differentiation as proprietary management systems and hands-on operational expertise led by a leadership team with 60+ years of combined multifamily experience.

Name

Bellaire Property Management

Legal name

Bellaire Multifamily Management, LLC

Website

https://bellairemultifamily.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Bellaire Multifamily Management is a Dallas-based boutique property management firm that operates 4,000+ B and C class apartment units across Texas for third-party owners, lenders, developers, and institutional investors as the property management subsidiary of Bellaire Real Estate Funds.

Ownership category

akta.pro rank

Product category

Multifamily Property Management Services

NAICS

Offices of Real Estate Agents and Brokers (53121)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multi-Unit STR / Aparthotel Management (BPAJAIAC)

Keywords

• Multifamily property management
• Apartment community management
• Distressed asset turnaround
• Lease-up services
• Real estate investment management

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management Services: BMM earns fees for managing multifamily apartment communities on behalf of third-party owners, lenders, and institutional investors. Services include property operations, marketing, training, business management, construction management, and due diligence support.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Bellaire Multifamily Management (BMM) is a full-service boutique property management firm that manages B and C class (and select A class) apartment communities across all major Texas markets, handling lease-ups, distressed asset turnarounds, stabilized asset management, lender-owned/receivership assignments, and construction management. Through vertical integration with parent Bellaire Real Estate Funds, the firm also provides investment services spanning acquisition, repositioning, and disposition of multifamily assets.

Product overview

Bellaire Multifamily Management is a full-service boutique property management firm offering a unified set of services centered on property management and investment services. The core Property Management service handles lease-ups and revitalizes distressed B and C class apartment communities across all major Texas markets,coupled with proactive oversight and innovative management solutions. The Investment Services arm, operating alongside Bellaire Real Estate Funds, provides vertically integrated acquisition, improvement, and operation of apartment communities. The Due Diligence submission tool enables prospective investors to submit property and financial data for evaluation. The company's portfolio is organized under the 'Our Communities' managed property brand, encompassing 15 apartment communities across Texas including Arbor Park, Flats on Wakefield, Oakridge, South Pointe, Tribecca Pointe, CDMX, Fredericksburg Place, Palatia, Tradewind, Tucasa Townhomes, Bella Vida, Moss Landing, Ranch Creek Living, Trail Lakes, and Villa Nueva.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Full-service boutique property management for lease-ups and distressed B and C class apartment communities across all major Texas markets, including intentional and proactive oversight, innovative management solutions, occupancy maximization, and long-term asset value enhancement. Targeted at property owners, lenders, and institutional investors.
• Investment Services Vertically integrated real estate investment services delivered in partnership with Bellaire Real Estate Funds, covering identification, acquisition, improvement, and operation of apartment communities throughout Texas. Targets institutional investors and sponsors seeking Texas-focused multifamily exposure.
• Due Diligence Submission Service Investment due diligence intake service allowing prospective investors to submit property information, financial documents, and offering materials to Bellaire for evaluation in connection with potential management or investment engagements.
• Construction Management & Facilities Oversight of new construction, renovations, capital projects, maintenance budgeting, and property value-add initiatives across the managed multifamily portfolio, delivered as part of the broader management engagement.

Quantifiable outcome

• Wilshire Manor: 36.68% IRR actual vs. 19.00% projected; 2.42x equity multiple vs. 2.11x projected; 37-month hold vs. 60-month projected; NOI +32.7%
• +3 more outcomes

Named customers4 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

Partnerships

One partnership is on record.

• Bellaire Real Estate FundscoreStrategic or Co-development PartnerBellaire Real Estate Funds is the parent investment sponsor entity that identifies, acquires, and operates apartment communities throughout Texas. Bellaire Multifamily Management is the property management subsidiary providing full-service operations for Bellaire Real Estate Funds' portfolio. The vertical integration allows coordinated investment strategy and hands-on asset management.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Kairoi Residential: Texas-focused multifamily property manager with expertise in Class A, B, and C assets across major Texas markets. Closely comparable to BMM in geographic concentration on Texas and boutique management positioning.
• BH Management Services: Large U.S. multifamily property manager with strong Texas/Sun Belt presence managing conventional, affordable, and value-add communities. Comparable to BMM in third-party multifamily management with similar asset class focus.
• Fogelman Management Group: Multifamily property management company serving institutional clients with a Sun Belt-heavy portfolio including Texas. Comparable to BMM in third-party multifamily management and asset repositioning expertise.
• ZRS Management: Multifamily property management firm with significant Texas operations, managing conventional and value-add apartment communities for institutional owners. Direct peer based on third-party multifamily management services.
• RPM Living: Texas-headquartered multifamily property management firm focused on Class A, B, and C communities with strong Sun Belt presence. Most directly comparable peer to BMM in terms of geographic focus, asset class mix, and boutique-to-mid-market positioning.

Broad incumbents

• Asset Living: One of the largest third-party multifamily property managers in the U.S., with significant Texas exposure and expertise in managing Class B and C workforce housing portfolios similar to BMM.
• Greystar Real Estate Partners: World's largest multifamily property management and investment firm with hundreds of thousands of units under management. Comparable to BMM as a multifamily property manager serving institutional owners, though vastly larger and global in scale.
• Lincoln Property Company: Major diversified real estate services firm with a large multifamily management division serving institutional owners. Comparable as a multifamily PM for institutional capital, though broader in scope including commercial and corporate services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/bellaire-multifamily-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 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 Bellaire Property Management