Faros Properties

What Faros Properties does

Faros Properties is a privately held, vertically integrated real estate owner, developer, and operator headquartered in Pittsburgh, Pennsylvania, with regional offices in Boston and New York. Founded in 2009 by Managing Partners Jeremy Leventhal, Alexander Leventhal, and Elliot Gould, the company traces its operational roots to over six decades of family-owned real estate activity in construction, development, acquisition, and management. Its portfolio spans three verticals — commercial office, residential multifamily, and boutique hospitality — concentrated in supply-constrained, knowledge-economy urban markets across the Northeast and Southeast United States, specifically Atlanta, Boston, Nantucket, New York, Orlando, Philadelphia, Pittsburgh, and Washington D.C.

The company delivers its offering through three integrated service lines: Investment Management (sourcing and structuring risk-adjusted real estate opportunities for accredited investors and qualified purchasers), Property Management (over 1.5 million square feet actively managed by 100+ on-site professionals), and Construction Management (design and build services for tenant and asset improvements). Its technology stack is built on Yardi Voyager for property management operations and a Juniper Square-powered investor portal for capital formation. Commercial holdings include the 1.2 million square-foot Nova Place complex in Pittsburgh, multiple historic Boston and Pittsburgh office assets, a co-working facility (Alloy 26), and a fitness center (Union Fitness). Residential assets exceed 1,900 units across Pittsburgh, Atlanta, and Orlando. Hospitality consists of four boutique inns in Nantucket, Massachusetts.

Faros generates revenue primarily through rental income from owned real estate, property management fees, construction management fees, and capital-raising activities via its investor portal targeting accredited investors with $1M+ net worth (excluding primary residence) or $200K+ annual income. The firm reports cumulative transactions exceeding $1 billion across its portfolio and over 5 million square feet managed. Go-to-market is direct: on-site leasing teams for commercial and residential tenants, and a partner-capital model in which the company invests individually or alongside external capital partners. Customer segments include commercial office tenants, residential renters, hospitality guests, and a private capital base of high-net-worth individuals and family offices.

Name

Faros Properties

Legal name

Faros Properties

Website

https://farosproperties.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Faros Properties is a privately held, vertically integrated real estate owner, developer, and operator managing commercial, residential, and hospitality assets across Northeast and Southeast US knowledge-economy markets, serving tenants, residents, and accredited investors from offices in Pittsburgh, Boston, and New York.

Ownership category

akta.pro rank

Product category

Commercial and Residential Real Estate Investment & Management

NAICS

Residential Property Managers (531311), Rental and Leasing Services (532)

SIC

Operators Of Nonresidential Buildings (6512), Operators Of Apartment Buildings (6513), Services-To Dwellings & Other Buildings (7340), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Full-Service Vacation Rental Property Management (BPAJAIAA)

akta.pro secondary industry

Full-Service Vacation Rental Property Management (THAMAKAA)

Keywords

• Commercial real estate
• Property management
• Real estate investment
• Residential apartments
• Hospitality properties

Headquarters

HQ city

Pittsburgh

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Investment and Ownership: Faros Properties generates revenue through acquisition, development, ownership, and operation of commercial and residential real estate properties across the United States. The company targets long-term private investment opportunities in supply-constrained markets with high concentrations of intellectual capital.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Faros Properties is a vertically integrated, full-service owner, developer, and operator of commercial and residential real estate. The company acquires, develops, leases, and manages a portfolio of office buildings, apartment communities, co-working spaces, fitness facilities, and boutique hospitality inns concentrated in supply-constrained, knowledge-economy urban markets across the Northeast and Southeast United States. Core service lines include Investment Management (sourcing risk-adjusted opportunities for accredited investors), Property Management (1.5M+ SF with 100+ professionals), and Construction Management (design and build services).

Product overview

Faros Properties is a vertically integrated, full-service real estate owner, developer, and operator. The company operates three main property categories: Commercial Properties (office buildings, co-working spaces like Alloy 26, and fitness centers like Union Fitness), Residential Properties (apartment communities including City View Apartments, Park View Apartments, Carson Street Commons, The Foundry Duluth, Belmont Crossing, and Shoreview at Baldwin Park), and Hospitality Properties (boutique inns in Nantucket including Greydon House, Anchor Inn, Martin House Inn, and The Periwinkle Inn). The company provides three core service lines: Investment Management (sourcing risk-adjusted opportunities), Property Management (managing 1.5+ million SF with 100+ professionals), and Construction Management (design and build services). The portfolio is concentrated in supply-constrained markets including Atlanta, Boston, New York, Philadelphia, Pittsburgh, and Washington, D.C.

Differentiator

Problem solved

Functional benefit

Brands

• Faros Residential: Residential property management operations division of Faros Properties
• Nova Place

Products and services

• Investment Management Services Sourcing superior risk-adjusted opportunities in commercial and residential real estate across the Northeast and Southeast United States, actively searching for assets and investing individually or with capital partners. Targets supply-constrained, knowledge-economy markets for accredited investors and qualified purchasers.
• Property Management Services Over 100 experienced professionals managing more than 1.5 million square feet of property. Services include on-site management, lease management, tenant relations, facilities management, budgeting, inspections, financial reporting, and legal services. Specializes in garage, retail, commercial, data center, fitness, and co-working spaces.
• Construction Management Services Dedicated team of professionals providing design and build services for commercial and residential tenants, focusing on efficient and effective asset improvements across the portfolio.
• 14 Beacon Historic 67,829 SF office building on Beacon Hill in Boston, MA, part of the Park Street Historic District and on the National Register of Historic Places.
• Nova Place Concourse 1.2 million SF commercial concourse with 2 floors plus a parking garage, part of the Nova Place complex in Pittsburgh's historic North Side business center.
• Nova Tower 1 160,000 SF, 8-story office tower at 1 Allegheny Square in Pittsburgh, part of the Nova Place complex, originally built in 1969.
• Nova Tower 2 278,000 SF, 13-story commercial office building at 2 Allegheny Square in Pittsburgh, built in 1971 with panoramic city views and smart infrastructure.
• Alloy 26 Cutting-edge co-working space with 50,000 SF of open space and private offices in Pittsburgh's North Side, providing flexible office solutions, amenities, and programming for entrepreneurs.
• City View Apartments 24-story luxury urban residential rental community in Pittsburgh designed by I.M. Pei in 1964, featuring 390 units across 323,213 SF with 18 unique floor plans.
• Park View Apartments Four-building apartment complex in Pittsburgh with 810 units and 710,000 SF offering affordable Studio, One Bedroom, and Two Bedroom apartments with views of the city and historic venues.
• Carson Street Commons 270-unit garden-style apartment community in Pittsburgh's South Side with 278,756 SF across three breezeway buildings, built in 2004.
• The Foundry Duluth Upscale apartment community in Duluth, GA with 256 units across 295,899 SF, offering one-, two-, and three-bedroom layouts with a pool, fitness center, and pet park. Renovated in 2019 and acquired into the Faros portfolio as part of the firm's 2021 expansion to Atlanta.
• Shoreview at Baldwin Park 184-unit pet-friendly apartment community in Orlando, FL offering one- and two-bedroom apartments with modern amenities, a pool, BBQ area, and dog park. Originally built in 1975 and renovated in 2016.
• Greydon House Nantucket's boutique luxury hotel featuring 20 guest rooms with interiors designed by Roman and Williams; half of the structure dates to the 1850s and is connected to a new addition.
• Anchor Inn Historic inn in Nantucket with 11 guest rooms, breakfast porch, garden patio, and living room, located in the historic residential neighborhood near Main Street and Brant Point Lighthouse beach.
• The Periwinkle Inn 3-floor inn with 10 guest rooms located along N Water Street in Nantucket, originally built in 1884.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Boston Properties (BXP): Public REIT focused on Class A office properties in major Northeast/West Coast markets (Boston, NYC, DC, SF, LA, Seattle, San Jose). Direct competitor for tenants and assets in Boston and DC where Faros has anchored office exposure.
• Vornado Realty Trust: Public REIT concentrated in Class A Manhattan office and select trophy assets (including properties in DC and SF). Direct comparable on the New York office exposure within Faros's diversified commercial portfolio.
• Tishman Speyer: Global real estate investment and development firm focused on Class A office, life sciences, and mixed-use properties in major U.S. and global cities. A scaled version of the same owner/operator model that Faros applies to its urban office portfolio.
• The Related Companies: Major vertically integrated real estate firm with residential, commercial, and mixed-use development across the U.S. Much larger and more diversified than Faros, but operates the same owner/developer/operator playbook spanning multiple property types — overlap with Faros's mixed commercial/residential strategy.
• Equity Residential: Public apartment REIT focused on urban and high-density suburban rental housing in coastal gateway markets. Closest public-market analog to Faros's multifamily portfolio strategy in supply-constrained metros.
• Beacon Capital Partners: Private institutional real estate investment firm focused on office and life sciences properties in major U.S. gateway cities (Boston, NYC, DC, SF, LA, Chicago, LA, Seattle). Comparable investment thesis targeting prime Northeast/Mid-Atlantic office — the same thesis that drives Faros's Boston, NYC, and DC strategies.

Direct peers

• Greystar Real Estate Partners: Largest U.S. apartment operator and a vertically integrated developer, owner, and manager of multifamily real estate. Highly comparable to Faros on the residential side: both develop, own, and operate rental housing at scale with institutional property management infrastructure.
• Lincoln Property Company: Privately held, vertically integrated real estate services firm spanning development, investment management, property management, leasing, and construction across residential, commercial, and mixed-use. Mirrors Faros's full-service owner/developer/operator model across multiple property types.
• Bozzuto Group: Family-influenced, privately held real estate company focused on multifamily development, ownership, and property management with select commercial and mixed-use projects. Closely mirrors Faros's vertically integrated owner/developer/operator model and similar mid-Atlantic / Northeast footprint.

Regional players

• Highwoods Properties: Public REIT focused on Class A office properties in Sun Belt metros (Atlanta, Raleigh, Charlotte, Nashville, Tampa, Orlando, Austin). Direct competitor for office tenants and assets in Atlanta and Orlando where Faros has begun expanding.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/farosproperties

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Faros Properties