Artcraft Management
Artcraft Management is a third-party multifamily property management firm managing 32 communities and 4,400+ apartments across Virginia and Florida. Founded in 1993, it provides leasing, maintenance, financial oversight, tax credit compliance, and turnaround services to property investors and ownership groups.
- Company typePrivate
- Founded1993
- HeadquartersGlen Allen, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Artcraft Management does
Artcraft Management, Inc. is a third-party multifamily property management firm headquartered in Glen Allen, Virginia, founded in late 1993 by Earl M. Ferguson. The company manages 32 communities comprising 4,400+ apartment units across Virginia (Richmond, Hampton Roads, Charlottesville, Harrisonburg, Northern Virginia, Blue Ridge, Petersburg) and Florida (Jacksonville, Bradenton, Orlando), serving property owners, investors, partnerships, and asset management groups via direct B2B outreach. The customer base of "12 satisfied ownership groups" includes multi-decade relationships, with out-of-state owners a particular focus given Artcraft's local market expertise in its two operating states. Earl Ferguson remained in daily operations until 2020; Alethea Parker, who joined in 1998 as a Property Manager, has served as President since 2011.
Artcraft Management firmographics
Firmographics- Name
- Artcraft Management
- Legal name
- Artcraft Management, Inc.
- Website
- https://artcraftmanagement.com
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Artcraft Management is a third-party multifamily property management firm managing 32 communities and 4,400+ apartments across Virginia and Florida. Founded in 1993, it provides leasing, maintenance, financial oversight, tax credit compliance, and turnaround services to property investors and ownership groups.
- Ownership category
- akta.pro rank
Artcraft Management industry classification
Industry- Product category
- Multifamily Property Management Services
- NAICS
- Residential Property Managers (531311), Real Estate Property Managers (53131)
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Multifamily Apartment Property Management (BPAJAFAA)
Keywords
Where Artcraft Management is headquartered
LocationHeadquarters
- HQ city
- Glen Allen
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Artcraft Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Third-Party Property Management Fees: Artcraft Management charges fees for managing multifamily apartment communities owned by third-party investors, partnerships, and asset management groups. Services include leasing, marketing, maintenance, financial reporting, compliance oversight, and capital project coordination. Revenue is recurring based on managed unit counts and property performance.
- Capital Projects and Renovation Oversight: In-house Capital Projects and Renovations teams assist with planning and implementation of property turnarounds, historical renovations, and repositioning at refinancing. Revenue derived from project management and coordination fees.
- Tax Credit Compliance Services: Dedicated tax credit compliance officers provide government regulatory compliance services for LIHTC properties. Part of the broader property management offering.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Customized property management plans tailored to each owner's level of involvement and requirements. |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Artcraft Management product offering
Product offeringCore offering
Artcraft Management provides full-service third-party multifamily property management for property owners, investors, partnerships, and asset management groups across Virginia and Florida. Its offering covers leasing and marketing, 24/7 maintenance and capital project oversight, financial and risk management with monthly statements, LIHTC/Section 42 tax credit compliance, and dedicated turnaround plans for distressed and repositioning properties. The service is delivered through the AppFolio platform with AI-enabled resident communication tools at select communities, supporting 32+ communities and 4,400+ apartment units.
Product overview
Artcraft Management is a full-service multifamily property management company offering a unified service platform that combines property management, leasing & marketing, maintenance operations, financial management, and compliance services. The company operates primarily through the AppFolio Property Manager platform for day-to-day operations, supplemented with AI-powered communication tools including chatbots and AI Voice software at select properties. They manage a diverse portfolio including conventional apartments, affordable housing, tax credit properties, senior housing, townhomes, mixed-use developments, and workforce housing across Virginia and Florida. Their service offering is delivered as a single integrated property management solution with various operational modules including resident portals, capital projects coordination, and community outreach through the Artcraft C.A.R.E.S. initiative.
Differentiator
Problem solved
Functional benefit
Brands
- Artcraft C.A.R.E.S. Community outreach initiative dedicated to time, energy, and resources for outreach initiatives including Noah's Children, Hooked on Fishing, and Toys for Tots.
Products and services
- Third-Party Multifamily Property Management Services
Quantifiable outcome
- Zero tax credit dollars lost under Artcraft management — their systemized compliance program has never resulted in a loss.
- +2 more outcomes
Companies that use Artcraft Management
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles3 records
Artcraft Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature3 records
Artcraft Management partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- AppFoliocoreArtcraft Management has used AppFolio Property Manager since 2011, transitioning from 1,500 units to 4,000+ units under management with the platform. AppFolio provides centralized property management software covering accounting, invoice tracking, Smart Bill Entry, renters' insurance tracking, reporting, and Leasing CRM. Artcraft participated in beta testing for new AppFolio products and features. President Alethea Parker serves on the AppFolio Customer Advisory Board. The partnership has been described as mutually beneficial growth over 12+ years.
- Noah's ChildrenminorArtcraft C.A.R.E.S. community outreach initiative supporting Noah's Children in Richmond, VA. Artcraft provides time, energy, and resources to this children's charity organization as part of its community service mission.
- Hooked on FishingminorArtcraft C.A.R.E.S. community outreach initiative focused on outdoor education and youth engagement in Hampton Roads, VA. Annual fishing event for community youth.
- Arnold Palmer Hospital Child LifeminorArtcraft C.A.R.E.S. community outreach initiative supporting Arnold Palmer Hospital for Children in Florida. Part of Artcraft's charitable giving program in the Florida markets.
- Toys for TotsminorAnnual Toys for Tots partnership across Virginia and Florida communities, providing holiday toy donations to families in need in the communities Artcraft serves.
- Boys & Girls Clubs of RichmondminorArtcraft housed and funded a Boys & Girls Club on property and provided after-school care for children in the community. Also supported Boys & Girls Clubs of the District of Columbia and Virginia.
Scale indicators7 records
Recent moves8 records
Expansion highlights6 records
Artcraft Management competitors and assessment
Company assessmentBroad incumbents
- Greystar Real Estate Partners: Largest multifamily property management and investment firm in the US, managing over 800,000 units globally. Competes with Artcraft in third-party multifamily management but operates at vastly greater scale and national/international footprint.
- Cushman & Wakefield (Multifamily): Global commercial real estate services firm with a multifamily asset services and property management division. Overlaps with Artcraft in third-party management offerings but as part of a much broader CRE services portfolio.
Direct peers
- Bozzuto Group: Mid-Atlantic focused multifamily property management, development, and construction firm headquartered in Greenbelt, Maryland. Directly comparable to Artcraft in regional multifamily third-party management focus, including LIHTC and conventional apartments.
- Asset Living: One of the largest third-party multifamily property management companies in the US, managing over 280,000 units with strong affordable housing (LIHTC) capabilities. Closely comparable to Artcraft in service mix and target customer base of property owners and investors.
- RPM Living: Multifamily property management firm operating across the Sun Belt and Mid-Atlantic, managing conventional, affordable, and student housing. Highly comparable to Artcraft in business model, target ownership groups, and geographic overlap in Virginia/Florida.
- Fogelman Management Group: Multifamily property management and investment firm headquartered in Memphis with strong Southeast US presence. Comparable to Artcraft as a regional third-party manager serving institutional and private multifamily owners.
- Drucker + Falk: Mid-Atlantic and Southeast multifamily property management firm founded in 1938, managing over 40,000 apartment units. Directly comparable to Artcraft in regional third-party management, including LIHTC and conventional multifamily.
- BH Management Services: Multifamily property management arm of Berkshire Hathaway, managing over 100,000 units across conventional, affordable, and student housing. Comparable to Artcraft in third-party management services for institutional owners.
- Edgewood Management Corporation: Affordable and conventional multifamily property management firm with strong LIHTC/Section 42 specialization. Directly comparable to Artcraft's tax credit compliance capabilities and affordable housing segment.
- Valiant Residential: Multifamily property management firm managing over 20,000 units across conventional and affordable housing in the Southeast and Texas. Comparable to Artcraft in regional focus and third-party service delivery model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Artcraft Management social profiles
Digital presenceArtcraft Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Artcraft Management leadership team
Management profileNumber of profiles
Profiles12 records
Artcraft Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Artcraft Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Artcraft Management
What does Artcraft Management do?
Artcraft Management provides full-service third-party multifamily property management for property owners, investors, partnerships, and asset management groups across Virginia and Florida. Its offering covers leasing and marketing, 24/7 maintenance and capital project oversight, financial and risk management with monthly statements, LIHTC/Section 42 tax credit compliance, and dedicated turnaround plans for distressed and repositioning properties. The service is delivered through the AppFolio platform with AI-enabled resident communication tools at select communities, supporting 32+ communities and 4,400+ apartment units.
Is Artcraft Management a public or private company?
Artcraft Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Artcraft Management founded?
Artcraft Management was founded in 1993. It employs 101 to 250 people.
Where is Artcraft Management based?
Artcraft Management is headquartered in Glen Allen, United States, in the North America region.
How does Artcraft Management make money?
Three revenue lines are on record. Third-Party Property Management Fees are the primary driver. The others are capital Projects and Renovation Oversight and tax Credit Compliance Services.
Who are Artcraft Management's main competitors?
Broad incumbents on record are Greystar Real Estate Partners and Cushman & Wakefield (Multifamily). Direct peers are Bozzuto Group, Asset Living, RPM Living, Fogelman Management Group, Drucker + Falk, BH Management Services, Edgewood Management Corporation and Valiant Residential.
Does Artcraft Management have an API?
No public API is recorded for Artcraft Management.
What industry is Artcraft Management in?
Artcraft Management's product category is Multifamily Property Management Services. Its primary akta.pro industry code is BPAJAFAA, Multifamily Apartment Property Management. Its NAICS code is 531311 and its SIC code is 6531.