Estates and Companies

What Estates and Companies does

Estates and Companies is a privately held, vertically integrated real estate development, management, and investment firm founded in 1988 by Robert Mundy and headquartered in Columbia, South Carolina. The firm develops, owns, and operates a portfolio of more than 30 residential and mixed-use communities across South Carolina, North Carolina, Georgia, and Florida, totaling over 2,000 apartment, condominium, and townhome units. Its product mix spans multi-family apartments (including a portfolio of Magnolia-branded communities such as 42 Magnolia, 52 Magnolia, 1420 Magnolia, and Estates at Ridenour), luxury condominiums (33 Calhoun, XXI George, Renaissance on Charleston Harbor, The Waterfront), mixed-use developments (Brookland, Devine District), townhomes (Justice Square, Clemson Sports Club), and office and retail assets. Every new community is built to the National Association of Home Builders' Green Building Standard, with Arcadia's Edge recognized as South Carolina's first NAHB Silver Certified Green apartment community.

Name

Estates and Companies

Legal name

Estates Management Company

Website

https://estatesinc.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

Estates and Companies is a privately held Southeast US real estate firm founded in 1988 that develops, owns, and manages more than 30 multi-family, condominium, townhome, and mixed-use communities totaling 2,000+ units across South Carolina, North Carolina, Georgia, and Florida.

Ownership category

akta.pro rank

Product category

Real Estate Development and Management

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311), Lessors of Other Real Estate Property (53119)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Residential Real Estate Asset Management (BPAJAMAA)

akta.pro secondary industries

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), New Construction & Builder Sales (BPAJAAAB)

Keywords

• Real estate development
• Property management services
• Multifamily apartments
• Luxury condominiums
• Real estate investment

Headquarters

HQ city

Columbia

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development: Develops multi-family apartment communities, office, retail, and luxury condominium projects. Revenue generated through development fees, sales of completed developments, and appreciation on developed properties.
2. Property Management: Full-service property management including financial reporting, accounts payable/receivable, legal compliance, maintenance, resident screening, and marketing. Revenue generated through management fees from property owners and investors.
3. Real Estate Investment: Partners with investors for debt and equity investment opportunities in real estate developments. Generates returns through investment partnerships and capital appreciation.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Estates and Companies develops, owns, and manages residential real estate—including multi-family apartment communities, luxury condominiums, townhomes, and mixed-use developments—across the Southeast United States. The firm also provides full-service third-party property management and partners with investors on real estate investment opportunities. Founded in 1988 and headquartered in Columbia, SC, the company currently owns and manages more than 2,000 units across South Carolina, North Carolina, Georgia, and Florida.

Product overview

Estates and Companies is a commercial and residential real estate development, management, and investment firm offering three core services: Development, Management, and Investment. The company operates a portfolio of over 30 distinct residential communities across the Southeast United States (South Carolina, North Carolina, Georgia, and Florida), encompassing multi-family apartment communities, luxury condominiums, townhomes, and mixed-use developments. Major communities include the Arcadia's Edge (Certified Green Living community), Brookland (mixed-use live-work-play development), 55 South Market (eco-friendly condominiums in Asheville), and various Magnolia-branded apartment communities. The company was founded in 1988 and maintains offices in Columbia and Charleston, SC, with a focus on key site selection, innovative architectural design, quality construction, and long-term conservative management.

Differentiator

Problem solved

Functional benefit

Products and services

• Development Services Comprehensive real estate development services covering site identification, financial and market analysis, design development, contractor selection, construction financing, sales and lease-up, and construction management for multifamily, condominium, mixed-use, office, and retail projects.
• Management Services Full-service property management including financial reporting, accounts payable/receivable, budgeting, legal compliance, administrative services, insurance management, resident screening, marketing, and comprehensive maintenance operations for owned and third-party managed apartment communities.
• Investment Services Real estate investment services focused on disciplined risk-adjusted returns through conservative financial underwriting, strategic partnerships, and long-term wealth building for accredited investors and capital partners in multifamily and mixed-use developments.
• Estates Regime Management (HOA Services) HOA and Regime management services for community associations, operated through wholly owned subsidiary Estates Regime Management.
• 42 Magnolia (196-unit Apartment Community) 196-unit apartment community in Forest Acres, Columbia, SC featuring resort-style pool, tennis court, fitness center, business center, and concierge services with floor plans ranging from 1 to 3 bedrooms.
• 52 Magnolia (228-unit Apartment Community) 228-unit apartment community in Raleigh, NC featuring bay windows, crown molding, custom cabinets, hardwood floors, gourmet kitchens, and concierge and housekeeping services.
• 54 Magnolia (276-unit Apartment Community) 276-unit apartment community in Jacksonville, FL featuring modern conveniences, classic southern comfort, and spacious living.
• 82 Magnolia (240-unit Apartment Community) 240-unit apartment community in Chapel Hill, NC offering elegant residential living with quality amenities.
• 1420 Magnolia (204-unit Apartment Community) 204-unit gated apartment community in Charlotte, NC featuring a four-story parking garage, elevator access, fitness center, pool, business center, and floor plans from 1 to 3 bedrooms.
• 1520 Magnolia / Estates at Meridian (280-unit Apartment Community) 280-unit apartment community in Durham, NC offering spacious residential living with quality amenities and design.
• Arcadia's Edge (Green Apartment Community) South Carolina's first NAHB Certified Green Living apartment community in Columbia, SC featuring a saltwater pool, fitness center, cyber lounge, outdoor living areas, and eco-friendly design with units from 756 to 1,365 SF.
• Brookland (Mixed-Use Development) Live-work-play mixed-use development in West Columbia, SC featuring multi-family apartments, retail, office, restaurant space, public parking garage, rooftop lounge, saltwater pool, and fitness center with views of the Congaree River and Columbia skyline.
• 700 Woodrow (Luxury Apartment Community) 75-unit luxury apartment community in Columbia's historic Shandon district featuring 1 and 2 bedroom residences with granite countertops, wide plank flooring, private terraces, and proximity to boutiques and dining.
• 5000 Forest (Luxury Apartment Community) Luxury apartment community in Columbia, SC featuring studio, one, and two-bedroom homes with granite countertops, energy-star appliances, and eco-friendly design in a pedestrian-friendly neighborhood.
• 55 South Market (Eco-friendly Condominium Community) Luxurious eco-friendly condominium community in Asheville, NC featuring smart home technology, designer cabinetry, quartz countertops, energy star appliances, and proximity to Blue Ridge Mountains.
• Devine District (Mixed-Use Development) Mixed-use development in Columbia, SC's historic Old Shandon neighborhood featuring residential and retail spaces along the refined Devine Street corridor.
• Trolley (Residential Community) Smoke-free, pet-friendly residential community near downtown Columbia, SC featuring exquisite functionality and social amenities.
• 4 West (Apartment Community) Apartment community in West Columbia, SC at the Brookland mixed-use development featuring modern residential living.
• Devine & Heidt (Upcoming Apartment Community) Upcoming 55-unit residential community in Columbia, SC featuring sky deck, game room, cafe, clubhouse, private work room, and outdoor grilling areas.
• 33 Calhoun (Luxury Condominium Community) 32-unit luxury condominium community in Charleston's historic Ansonborough area with hardwood flooring, granite countertops, soaking tubs, and harbor views.
• Concord & Cumberland (Designer-Ready Condominiums) 27-unit designer-ready condo project in Charleston's French Quarter featuring harbor and Cooper River Bridge views with custom interior finishes.
• XXI George (Upscale Condominium Development) 71-unit upscale condominium development in downtown Charleston featuring two buildings with classic and modern design elements, granite countertops, and ceramic tile finishes.
• Renaissance on Charleston Harbor (Luxury Waterfront Condominiums) 99-unit luxury waterfront condominium community in Mt. Pleasant, SC offering 2 and 3 bedroom residences with harbor views, marble features, and Sub-Zero/Thermador appliances.
• The Verandas (Oceanfront Condominiums) 81-unit condominium community in North Myrtle Beach, SC offering oceanfront living with quality residential design.
• The Waterfront (Marina Condominium Community) 40-unit marina condominium community in St. Simons Island, GA offering Intracoastal Waterway views with luxurious appointments and waterfront living.
• 1140 Ocean Blvd (Oceanfront Condominiums) Oceanfront condominium complex on Isle of Palms, SC featuring 3 and 4 bedroom units with floor-to-ceiling ocean and beach views.
• Audubon Park (Apartment Community) Apartment community in Charleston, SC offering quality residential living with standard amenities.
• Churchill Commons (240-unit Apartment Community) 240-unit apartment community on 21 acres in Aiken, SC featuring pool, volleyball court, fitness center, and complimentary Gold's Gym membership.
• Clemson Sports Club (Luxury Townhome Community) 8-unit luxury townhome community near Clemson University in SC featuring 9-foot ceilings, hardwood flooring, granite countertops, and lake views.
• Estates at Phipps (234-unit Apartment Community) 234-unit apartment community in Atlanta, GA near the 1996 Olympics site featuring 1, 2, and 3 bedroom units plus townhomes.
• Estates at Ridenour (300-unit Apartment Community) 300-unit award-winning apartment community in Kennesaw, GA on 88 acres with hiking trails, pool, fitness center, and townhome options.
• Justice Square (Townhome Community) Exclusive 12-unit four-story townhome community in Columbia's Congaree Vista with rooftop terraces, personal elevators, and two-car garages.
• Woods Lake (232-unit Apartment Community) 232-unit apartment community in Greenville, SC offering quality residential living with standard amenities.
• The Green (Upcoming Retail Development) Upcoming retail development component within the Devine District in Columbia, SC.
• The Cottages (Residential Development) Residential development component within the Devine District in Columbia, SC.

Quantifiable outcome

• 42 Magnolia awarded 'Best of Columbia' for 19 consecutive years
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered minor.

• National Association of Home Builders (NAHB)minorOthersProfessional membership organization for the home building industry. Estates maintains membership and has received recognition through NAHB awards including the Green Building Standard certification program.
• Institute of Real Estate Management (IREM)minorOthersProfessional organization for real estate management professionals. Estates maintains membership with officer representation in 2001, 2002, and 2003. CPM of the Year awarded to South Carolina Chapter.
• Urban Land Institute (ULI)minorOthersGlobal research and education organization focused on responsible land use. Estates featured in ULI's Residential Development Handbook. Teresa Hodge serves on Midlands Executive Committee.
• National Apartment Association (NAA)minorOthersNational organization for the apartment industry. 42 Magnolia received Best in Show award through NAA's Units Magazine recognition.
• Community Association Institute (CAI)minorOthersOrganization providing education and resources for community associations. Estates maintains membership supporting HOA management services.
• National Multi-Housing Council (NMHC)minorOthersNational organization representing the apartment industry. Estates maintains membership for industry advocacy and networking.
• Multi-Housing World (MHW)minorOthersIndustry organization for multifamily housing professionals. Estates recognized through MHN Excellence Awards program.
• Home Builders Association of Columbia (HBA)minorOthersLocal home builder association in Columbia, SC. Teresa Hodge maintains active membership.

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Mill Creek Residential: Mill Creek Residential is a privately held multifamily developer and manager active across the Sun Belt, including the Carolinas, Georgia, and Florida. Comparable to Estates' ground-up multifamily development model and same key Southeast geographic footprint.
• Crescent Communities: Crescent Communities is a Southeast US-based real estate developer focused on multifamily, mixed-use, and commercial projects across the Carolinas and surrounding states. Comparable to Estates in its regional concentration, integrated development-plus-management model, and emphasis on design/quality communities.
• RangeWater Real Estate: RangeWater is a private, Sun Belt-focused multifamily developer and manager with thousands of units across the Southeast. Closely comparable to Estates' model of ground-up multifamily development paired with in-house property management in markets like the Carolinas and Georgia.
• Hawks, MOHR Capital (or similar) - replace with Village Green: Village Green is a privately held owner/operator of multifamily apartments founded in 1919, operating over 40,000 units across the US. Comparable as a privately owned, multi-generational, vertically integrated developer-manager with significant Southeast exposure.

Others

• Walker & Dunlop: Walker & Dunlop is a major US commercial real estate finance and investment sales firm with a large multifamily platform. Comparable because it provides the debt and equity capital-markets infrastructure that Estates and its investor partners rely on for development financing and exits.

Broad incumbents

• Lincoln Property Company: Lincoln Property Company is a top-5 US multifamily manager with a large institutional capital base. Comparable because it both develops and manages third-party multifamily assets at scale in the Southeast and across the US, competing for the same investor and resident relationships.
• Wood Partners: Wood Partners is one of the largest US multifamily developers, with major activity in the Southeast and Sun Belt. Comparable as a multi-family developer delivering garden-style and mid-rise apartment communities through wholly-owned operations.
• Greystar Real Estate Partners: Greystar is the largest multifamily operator and developer in the US, managing ~$300B+ in assets. Comparable because it is the dominant integrated developer/manager across the same multifamily category, including across the Southeast US.
• JLL (Multifamily / Capital Markets): JLL is a global real estate services firm with large multifamily investment sales, property management, and capital markets practices. Relevant as an institutional competitor connecting Estates' investor partners with buyers/lenders in Southeast markets.

Emerging players

• LIV Development: LIV Development is a privately held multifamily developer focused on Sun Belt markets with an integrated development and management approach. Comparable to Estates' vertically integrated model and Southeast market focus but smaller in scale and emerging in select metros.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/700Woodrow
• Xx.com/estatesandco

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Estates and Companies