Holsten Management Corporation

What Holsten Management Corporation does

Holsten Management Corporation is a privately-held real estate development and property management company headquartered at 1020 W. Montrose Avenue in Chicago, Illinois, founded by Peter Holsten in 1975 with a single 16-unit building. The company operates a portfolio of approximately 17 residential properties spanning more than 2 million square feet of mixed-use housing and commercial space across the Chicago metropolitan area, including North, West, and South Side Chicago, Riverdale, and Joliet. Cumulative development exceeds $500 million in mixed-income, mixed-use housing and commercial projects. Service lines are threefold: (1) recurring property rental income from a mix of affordable (Project-Based Section 8, LIHTC), mixed-income, and market-rate units; (2) real estate development and acquisition fees from new development, redevelopment, and adaptive reuse projects; and (3) full-service property management including resident screening, fiscal/asset management, and resident services. The portfolio spans senior living, family high-rises, townhomes, historic hotel and YMCA conversions, and mixed-use properties with ground-floor retail.

The company serves three primary resident segments: low-income and tax-credit housing seekers (the largest segment, using HUD AMI limits and Section 8 subsidies with rents capped at 30% of household income), mixed-income working families, and market-rate tenants in prime Chicago neighborhoods such as River North, Old Town, and Near North Side. Pricing is structured as income-based (30% of household gross income) for affordable units, with project-based Section 8 subsidies at specific properties (e.g., River Walk Homes, Lawndale Apartments) and market-rate rents at others. The company is differentiated by deep expertise in LIHTC and multi-layered public-private development financing, a 50-year track record, and an affiliated non-profit, Holsten Human Capital Development (HHCD), focused on community empowerment. Notable award-winning projects include North Town Village (featured on CBS 60 Minutes II), Wilson Yard, Whistler Crossing (first LEED-ND in Illinois), Strand Apartments, and the Lawson House conversion. Leadership is family-led: Peter Holsten as President and Managing Broker, Jackie Taylor Holsten as Senior Vice President and General Counsel, supported by a full executive team with dedicated directors across accounting, compliance, construction, facilities, operations, HR, and marketing/leasing.

Name

Holsten Management Corporation

Legal name

Holsten Management Corporation

Website

https://holstenchicago.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

1–10 employees

Short description

Holsten Management Corporation is a Chicago-based, family-owned real estate development and management firm founded in 1975, operating ~17 mixed-income, affordable (LIHTC/Section 8), and market-rate residential properties across the Chicago metropolitan area totaling over 2 million square feet and $500M+ in cumulative development.

Ownership category

akta.pro rank

Product category

Residential Real Estate

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311), New Multifamily Housing Construction (except For-Sale Builders) (236116), Services to Buildings and Dwellings (5617)

SIC

Services-To Dwellings & Other Buildings (7340), Services-Facilities Support Management Services (8744), 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)

akta.pro secondary industries

Mixed-Use Property Management (BPAJAGAE), New Development / Declarant Transition Management (BPAJAHAK)

Keywords

• Affordable housing
• Property management
• Real estate development
• Mixed-income housing
• Tax credit housing

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Property Rental Income: Residential and commercial rental income from a portfolio of over two million square feet of mixed-use housing and commercial spaces throughout Chicago.
2. Real Estate Development Services: Development fees generated from new development, redevelopment, and acquisition of properties. The company has developed more than $500,000,000 in mixed-income, mixed-use housing and commercial development.
3. Property Management Services: Full-service property management including resident and commercial screening, selection, fiscal and asset management, resident services, and property management for their owned properties and potentially third-party owners.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Holsten Management Corporation develops, redevelops, acquires, and manages a portfolio of residential and mixed-use properties across the Chicago metropolitan area, with a specialization in affordable, mixed-income, and low-income tax credit housing programs alongside market-rate units. The company provides full-service property management, resident screening, fiscal and asset management, and community empowerment services across more than two million square feet of housing.

Product overview

Holsten Management Corporation is a real estate development and management company that operates a portfolio of 17 residential properties across the Chicago metropolitan area. The company manages a mix of market-rate, mixed-income, and affordable housing properties including senior living communities, family apartments, and historic renovations. Core services include property management, real estate new development, redevelopment and acquisition, and community empowerment programs. The portfolio spans over two million square feet of mixed-use housing and commercial spaces, with properties ranging from studio apartments to multi-bedroom units across Illinois.

Differentiator

Problem solved

Functional benefit

Products and services

• 551 Elm at Parkside Mixed-income residential property in Chicago's Near North Side offering studio, one, two, and three-bedroom apartments with amenities including fitness center, picnic area, and controlled access.
• River Walk Homes 356-unit affordable housing development in Joliet, IL offering studios to three-bedroom apartments with project-based rental subsidies and community resources.
• Whistler Crossing Mixed-income townhomes and midrise apartments in Riverdale, IL featuring energy star appliances, private patios, and washer/dryer in townhome units.
• Strand Apartments Historic hotel conversion in Chicago offering studio apartments with community amenities including exercise room, bike room, and zen garden.
• Hilliard Towers Senior Senior living community in Chicago's South Loop offering free heating, parking, air conditioning, and fitness center with senior activities.
• Hilliard Towers Family Family-oriented high-rise apartments near Chicago's South Loop featuring free heat, gas, central air, water, and proximity to public transit.
• The Midwest Apartments Residential property near Chicago's Green Line offering studios with heat and water included, secured access, and skyline views.
• Lawndale Apartments Renovation of 170 affordable housing units in ten buildings in Chicago's Lawndale neighborhood, designated Project-Based Section 8.
• Wilson Yard Senior Seven-story senior apartment building in Chicago near Lake Michigan, shopping, and public transit with green building certification.
• Wilson Yard Family Seven-story family apartment building in Chicago near retail conveniences including Target, Aldi, and banking services.
• Terrace 459 Mixed-income property in Chicago's Near North Side offering downtown and city views with enclosed terraces, in-unit washers and dryers.
• North Town Village Mixed-income property near Chicago's River North area offering parking garage, private balconies, fitness center, and proximity to Red Line transit.
• Lawson House

Quantifiable outcome

• Over 2 million square feet of mixed-use housing and commercial spaces developed
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 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.

• Holsten Human Capital Development (HHCD)coreOthersHHCD is a non-profit, charitable organization affiliated with Holsten Companies with the mission to strengthen at-risk populations by expanding their access to viable resources that promote self-sufficiency, wellness and stability through comprehensive service provision, developing low income and affordable housing, and fostering economic development. HHCD extends Holsten's community impact beyond traditional property management.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• The Habitat Company: Chicago-based property management and development firm operating affordable, mixed-income, and market-rate housing in Chicago — directly comparable geographic focus and mixed-tenure portfolio strategy.
• WinnCompanies: One of the largest US affordable and mixed-income housing developers and property managers, with comparable LIHTC expertise, mixed-income portfolio, and full-service development-to-management model.
• The Michaels Organization: Major US affordable, mixed-income, and market-rate housing developer and manager with comparable LIHTC/Section 8 expertise and vertically integrated development-and-management operations.
• BRIDGE Housing Corporation: Nonprofit affordable and mixed-income housing developer on the West Coast with comparable LIHTC-financed, mixed-income portfolio and community development mission aligned with Holsten's HHCD work.
• Preservation of Affordable Housing (POAH): National nonprofit acquirer and operator of affordable housing with deep LIHTC expertise and a comparable focus on preserving and revitalizing aging affordable housing stock — closely mirrors Holsten's mixed-income preservation approach.
• The Community Builders: Nonprofit mixed-income developer operating in multiple US cities with comparable LIHTC-financed, mixed-income developments and integrated resident services similar to Holsten's HHCD-affiliated programming.
• Mercy Housing: National nonprofit affordable housing developer and operator with comparable mixed-income, mixed-use developments and strong LIHTC/Section 8 program expertise across multiple markets.
• Enterprise Community Partners: National nonprofit affordable housing developer and investor with deep LIHTC program expertise and comparable mission-driven, mixed-income development approach; also operates as an intermediary capital provider to developers like Holsten.

Broad incumbents

• The Related Companies: Large national real estate developer with a sizable affordable housing division operating mixed-income developments similar to Holsten's, though as part of a much broader luxury and commercial real estate portfolio.

Regional players

• Chicago Housing Authority: Local public housing authority that is a primary counterparty and competitor in Chicago's affordable housing market, operating project-based Section 8 and public housing similar to Holsten's affordable units.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/holsten-management-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 Holsten Management Corporation