Edlen & Co
Edlen & Co is a Portland-based real estate investment, development, and asset management firm focused on sustainable, affordable, and middle-income housing across the Pacific Northwest and Inter-Mountain West. The firm serves municipalities, universities, healthcare systems, and nonprofits via public/private partnerships, with $5B+ in cumulative development and 77 LEED projects.
- Company typePrivate
- Founded2020
- HeadquartersPortland, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Edlen & Co does
Edlen & Co (legal name: Edlen & Company) is a privately held, mission-driven real estate investment, development, and asset management firm headquartered in Portland, Oregon. Formed in 2020 by Mark Edlen, Roger Krage, Jill Sherman, and Matt Edlen as the successor to Gerding Edlen Development (founded 1996), the firm carries a 25+ year track record with $5+ billion in cumulative real estate developed, 7,000+ residential units completed or in process, and 4.19 million square feet of commercial space. The firm is organized around four service pillars — Development, Investment, Acquisition, and Asset Management — and operates three primary verticals: Affordable Housing & Community Services (30-120% AMI, including deep affordability, workforce housing, and community-serving facilities), Middle-Income Housing Investment & Development (60-120% AMI, including senior living and memory care), and Strategic Partnerships (public/private partnerships and joint ventures with municipalities, universities, and healthcare anchors).
The underlying technology is sustainable and high-performance building design rather than software. Edlen & Co delivers projects at the frontier of green building standards: 77 LEED-certified projects (23 Platinum / 49 Gold / 5 Silver), the first developer-driven Living Building Challenge-certified commercial building in the world (PAE Living Building, 58,000 SF net-zero CLT building opened June 2022), the first large market-rate Passive House apartment in the US (Kiln Apartments), and the largest net-zero affordable housing project in the Pacific Northwest (Wynne Watts Commons, 150 units). Its proprietary competency is execution against these certifications — Materials Petal compliance, photovoltaic-powered battery storage, and CLT mass-timber structural systems — rather than any data or AI platform.
The business model is project-based real estate development. Revenue streams include one-time development fees and proceeds from the sale or stabilization of residential, commercial, mixed-use, and affordable properties; recurring asset management fees on owned and partner-held portfolios (including PAHPP's 263 affordable units at ~98% occupancy); and professional services revenue from investment management, deal structuring, and capitalization for public/private partnerships. Go-to-market is direct enterprise relationship sales — RFPs and negotiated partnerships with municipalities (Prosper Portland, City of Portland, City of Gresham), universities (Portland State, Eastern Oregon, Pacific University), healthcare systems (OHSU), and nonprofits (Albertina Kerr, Albina Vision Trust, Human Solutions, De Paul Treatment Center). Customer pricing is not publicly disclosed and is negotiated on a project basis. The geographic footprint spans the Pacific Northwest and Inter-Mountain West (Portland, Seattle, Boise, Spokane, Coeur d'Alene, Salt Lake City, Bend, Honolulu) with legacy activity also in Chicago, Boston, San Francisco, and Los Angeles.
Edlen & Co firmographics
Firmographics- Name
- Edlen & Co
- Legal name
- Edlen & Company
- Website
- https://edlenandco.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Edlen & Co is a Portland-based real estate investment, development, and asset management firm focused on sustainable, affordable, and middle-income housing across the Pacific Northwest and Inter-Mountain West. The firm serves municipalities, universities, healthcare systems, and nonprofits via public/private partnerships, with $5B+ in cumulative development and 77 LEED projects.
- Ownership category
- akta.pro rank
Edlen & Co industry classification
Industry- Product category
- Real Estate Development
- NAICS
- Other Activities Related to Real Estate (531390), Real Estate Property Managers (53131)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Real Estate (6500)
- akta.pro primary industry
- Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)
- akta.pro secondary industry
- Sustainable/Green Building & LEED Consulting (BPAHAKAG)
Keywords
Where Edlen & Co is headquartered
LocationHeadquarters
- HQ city
- Portland
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Edlen & Co business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D
Revenue model
- Real Estate Development: Development of residential, commercial, and mixed-use properties across affordable housing, middle-income housing, and market-rate developments. Revenue generated through property sales, development fees, and asset appreciation.
- Asset Management: Asset management services for owned and partner properties, including the Portland Affordable Housing Preservation Partnership (PAHPP) managing naturally occurring affordable housing portfolios.
- Investment Management: Investment management services including deal structuring, financing arrangements, and capital deployment for real estate projects through public/private partnerships.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Edlen & Co product offering
Product offeringCore offering
Edlen & Co is a Portland-based real estate firm providing development, investment, acquisition, and asset management services for residential, commercial, and mixed-use projects across the Pacific Northwest and Inter-Mountain West. The firm focuses on sustainable, high-performance construction—including LEED, Living Building Challenge, Passive House, and net-zero certified buildings—and maintains dedicated practices in affordable and middle-income housing delivered through public/private partnerships with cities, housing authorities, universities, and healthcare systems.
Product overview
Edlen & Co is a mission-driven real estate investment, development, and asset management firm. The company offers a comprehensive suite of services organized around four core pillars: Development, Investment, Acquisition, and Asset Management. The firm specializes in sustainable real estate across three main verticals: Affordable Housing & Community Services (serving 30-120% AMI), Middle-Income Housing Investment & Development, and Strategic Partnerships (public-private partnerships). Key programs include the Portland Affordable Housing Preservation Partnership (PAHPP) which preserves naturally occurring affordable housing. The portfolio includes landmark projects such as the PAE Living Building (the world's first developer-driven Living Building Challenge certified commercial building), Brewery Blocks (Portland's largest contiguous private development), South Waterfront District, and Wynne Watts Commons. The company operates primarily in the Pacific Northwest and Inter-Mountain regions.
Differentiator
Problem solved
Functional benefit
Products and services
- Real Estate Development Full-service development of residential, commercial, and mixed-use real estate projects for public, institutional, and private clients across the Pacific Northwest and Inter-Mountain West.
- Real Estate Investment Equity investment in sustainable, mixed-income real estate projects, including a dedicated middle-income housing investment platform.
- Real Estate Acquisition Strategic acquisition of properties and sites for development, repositioning, or investment across the Pacific Northwest and Inter-Mountain West.
- Asset Management Ongoing asset management of owned and partner-owned real estate portfolios, including oversight of the legacy Gerding Edlen portfolio in partnership with Equilibrium.
- Affordable Housing Development Development of affordable housing projects in partnership with cities, housing authorities, and community organizations, including the Portland Affordable Housing Preservation Partnership (PAHPP).
- Middle-Income Housing Investment & Development Specialized investment and development of middle-income housing using creative public/private partnerships and innovative financing structures.
- Public/Private Partnership Structuring Structuring and execution of complex public/private real estate partnerships with municipalities, housing authorities, universities, and healthcare systems.
- Sustainable Building Development Development of high-performance, energy-efficient buildings certified to LEED, the Living Building Challenge, Passive House, and net-zero energy standards.
Quantifiable outcome
- 77 LEED-certified projects including 23 Platinum and 49 Gold
- +4 more outcomes
Companies that use Edlen & Co
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles2 records
Edlen & Co technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Edlen & Co partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core, major and minor.
- Albina Vision Trust (AVT)coreDevelopment partnership for affordable housing and community theater in Lower Albina district. Edlen & Company serves as developer while AVT becomes the owner of the 7-story building with 120 affordable housing units.
- PAE EngineerscoreJoint development of the PAE Living Building - the world's first developer-driven and largest commercial urban Living Building. PAE serves as anchor tenant and technology design partner for mechanical, electrical, and plumbing systems.
- ZGF ArchitectscoreArchitectural design partner for PAE Living Building and other projects. ZGF is a Portland-based architecture firm with deep roots in Pacific Northwest design and sustainable building expertise.
- Walsh Construction Co.coreConstruction partner for PAE Living Building and other projects. Pacific Northwest contractor committed to high-performance, green buildings and sustainable construction methods.
- Downtown Development GroupmajorJoint development partner for PAE Living Building speculative office project.
- Apex Real Estate PartnersmajorJoint development partner for PAE Living Building.
- deChase MiksismajorDevelopment partner for The Warren project in Spokane, WA. Joint developers on the 139-unit multifamily residential building.
- TerrainminorCultural collaboration with local arts nonprofit for The Warren project, including site-specific mural commission and developing a collective narrative through local writers.
- Albertina KerrcorePartnership for workforce and inclusive housing development. Albertina Kerr is developing 150 affordable units in partnership with Edlen & Company for low-wage caregivers and adults with intellectual/developmental disabilities.
- Williams & Dame DevelopmentcoreCo-development partner for the $2 billion South Waterfront Central District project, the largest urban infill project in the US at the time.
- Colas ConstructionmajorConstruction partner for Albina Vision Trust project, bringing minority-owned contractor perspective.
- Lever ArchitecturemajorArchitectural design partner for Albina Vision Trust project.
- Human SolutionsmajorNonprofit partner for The Nick Fish affordable housing development offering 70% of residential units for households earning between 30% and 60% of AMI.
- City of PortlandcorePublic partner for Portland State University Broadway Housing and other projects. Worked with city to purchase land, arrange financing, and design student housing.
- Oregon Health & Science University (OHSU)coreNonprofit partner for OHSU Center for Health & Healing development, the state's largest research institution and Portland's largest employer.
- Prosper Portland (formerly Portland Development Commission)corePublic development partner for Brewery Blocks and South Waterfront projects. Served as catalyst for redevelopment of Portland's Pearl District.
- City of GreshammajorPublic partner for Albertina Kerr/Wynne Watts Commons workforce housing project.
- Portland General ElectricminorUtility partner for Albertina Kerr project providing solar photovoltaic system support.
Scale indicators9 records
Recent moves8 records
Expansion highlights6 records
Edlen & Co competitors and assessment
Company assessmentBroad incumbents
- Equity Residential: Major publicly-traded multifamily REIT with development activities concentrated in urban and high-density coastal markets including Seattle and the San Francisco Bay Area. Comparable as a large-scale multifamily developer/owner in geographies overlapping Edlen's footprint, though operating at much greater scale and market-rate focus.
- UDR Inc. Diversified multifamily REIT with development capabilities across coastal markets including Seattle, Portland, and Boston. Comparable as a coastal-market multifamily developer/owner with PNW exposure, though operating at materially greater scale and with a market-rate orientation versus Edlen's mission-driven focus.
- Related Companies: One of the largest U.S. real estate developers with a sizable affordable housing arm (Related Affordable). Comparable as a broad incumbent with overlapping affordable + mixed-use + mixed-income development activity, though at materially greater scale and broader geographic footprint than Edlen.
- Greystar Real Estate Partners: Largest U.S. multifamily property manager, developer, and investment manager with national footprint including significant PNW operations. Comparable as a broad-coverage multifamily developer/owner with overlapping geographies, though at vastly greater scale and without Edlen's affordable-housing mission focus.
- AvalonBay Communities: Large publicly-traded multifamily REIT with development capabilities focused on Class A apartment communities in high-barrier coastal markets. Comparable as a coastal-market multifamily developer/owner, though Edlen's mission-driven affordable focus and Pacific Northwest concentration are distinctly different from AvalonBay's market-rate orientation.
Direct peers
- BRIDGE Housing: Mission-driven nonprofit affordable and mixed-income housing developer on the U.S. West Coast with deep sustainability focus. Most directly comparable to Edlen given overlapping geography (California + West Coast), similar mission-driven development model, and combined affordable + market-rate + mixed-use portfolio.
- Mercy Housing: National nonprofit affordable housing developer with a strong portfolio across the western U.S. and a focus on serving low-income families, seniors, and people with special needs. Comparable to Edlen's affordable housing focus, public/private partnership model, and emphasis on supportive and community-integrated housing.
- MidPen Housing: Bay Area-based nonprofit affordable housing developer with a strong sustainability and green-building track record. Highly comparable to Edlen given similar West Coast geography, mission-driven development focus, and emphasis on high-quality, environmentally responsible affordable housing.
- The NRP Group: National developer, owner, and manager of affordable, mixed-income, and market-rate multifamily housing. Comparable to Edlen given parallel focus on affordable and workforce housing, tax-credit financing expertise, and integrated development + property management model across multiple states.
- Gerding Edlen Investment Management (GEIM): The investment management subsidiary spun off from Gerding Edlen Development to four key employees in 2020. Now an independent firm operating the asset and investment management business formerly under GED, sharing institutional DNA with Edlen & Co. and serving overlapping investor bases in PNW real estate.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Edlen & Co social profiles
Digital presenceEdlen & Co compliance and trust
Trust signalCompliance12 records
Edlen & Co financial estimates
Financial estimateRevenue estimate
Valuation estimate
Edlen & Co leadership team
Management profileNumber of profiles
Profiles4 records
Edlen & Co funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Edlen & Co 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 Edlen & Co
What does Edlen & Co do?
Edlen & Co is a Portland-based real estate firm providing development, investment, acquisition, and asset management services for residential, commercial, and mixed-use projects across the Pacific Northwest and Inter-Mountain West. The firm focuses on sustainable, high-performance construction—including LEED, Living Building Challenge, Passive House, and net-zero certified buildings—and maintains dedicated practices in affordable and middle-income housing delivered through public/private partnerships with cities, housing authorities, universities, and healthcare systems.
Is Edlen & Co a public or private company?
Edlen & Co is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Edlen & Co founded?
Edlen & Co was founded in 2020. It employs 1 to 10 people.
Where is Edlen & Co based?
Edlen & Co is headquartered in Portland, United States, in the North America region.
How does Edlen & Co make money?
Three revenue lines are on record. Real Estate Development is the primary driver. The others are asset Management and investment Management.
Who are Edlen & Co's main competitors?
Broad incumbents on record are Equity Residential, UDR Inc., Related Companies, Greystar Real Estate Partners and AvalonBay Communities. Direct peers are BRIDGE Housing, Mercy Housing, MidPen Housing, The NRP Group and Gerding Edlen Investment Management (GEIM).
Does Edlen & Co have an API?
No public API is recorded for Edlen & Co.
What industry is Edlen & Co in?
Edlen & Co's product category is Real Estate Development. Its primary akta.pro industry code is BPAJANAC, Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support), with a secondary code of BPAHAKAG, Sustainable/Green Building & LEED Consulting. Its NAICS code is 531390 and its SIC code is 6552.