What Hirschfeld Properties, LLC does

Hirschfeld Properties, LLC is a privately held, family-controlled, vertically integrated real estate company engaged in the acquisition, development, leasing, management, and ownership of multifamily residential communities across the United States. Founded in 1963 as Hirschfeld Brothers Construction Company and rebranded in 1983, the firm has completed over $2 billion of projects across multifamily, retail, office, industrial, hospitality, residential, and medical/healthcare property types and currently owns approximately 2,000 multifamily units. Its core focus is value-add and ground-up multifamily projects along the eastern seaboard and into select markets in Texas and Colorado, with project formats spanning garden, mid-rise, podium, and wrap construction.

The firm operates through four affiliated entities: Hirschfeld Properties LLC (acquisition, development, ownership), Hirschfeld Management, Inc. (property management with on-site teams holding P&L responsibility), Hirschfeld Building Construction Company, Inc. (in-house general contracting and construction management for affiliates and third-party clients), and Hirschfeld Communications LLC (wireless site leasing). Revenue is generated primarily through recurring multifamily rental income across the owned portfolio, supplemented by property management services and construction revenue. Operating differentiators include a proprietary tenant-in-place, one-day renovation process, a 35% average turnover rate versus a 45% industry average, and a continuous SEO- and digital-driven leasing platform in which internet traffic is the top leasing source. The leadership team, led by Chairman & CEO Jeffrey A. Hirschfeld and COO/CFO Helen L. Gotman, has over 200 years of combined real estate experience.

Hirschfeld has reported portfolio-wide occupancy and NOI growth for ten consecutive years and is signaling a forward scaling phase through recent partner-level hires in capital formation and acquisitions, alongside geographic expansion into the Sunbelt. The company remains privately held with no evidence of institutional equity backing or public-market participation in the source data.

Name

Hirschfeld Properties, LLC

Legal name

Hirschfeld Properties LLC

Website

https://hirschfeldcos.com

Company type

Private

Founded year

1963

Operating status

Operating

Headcount range

11–50 employees

Short description

Hirschfeld Properties is a privately held, vertically integrated multifamily real estate owner-operator managing approximately 2,000 units across the eastern seaboard and select Texas and Colorado markets, with in-house acquisition, construction, and property management capabilities targeting value-add and ground-up multifamily investments.

Ownership category

akta.pro rank

Product category

Multifamily Real Estate

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131), Real Estate and Rental and Leasing (53)

SIC

Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Multifamily property management
• Real estate development
• Apartment rental services
• Commercial construction services
• Property investment management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Multifamily Rental Income: Revenue generated from renting multifamily residential units across the company's owned portfolio of approximately 2,000 units. Income is recurring in nature with month-to-month or lease-based rental payments from tenants.
2. Property Management Services: Hirschfeld Management, Inc. provides property management services for properties developed, acquired, owned, and managed by Hirschfeld Properties. On-site property managers report to regional managers with P&L responsibility.
3. Real Estate Development: Ground-up development of multifamily projects throughout the eastern seaboard and select markets in Texas and Colorado. Revenue from completed developments that are either sold or added to the owned portfolio.
4. Construction Services: Hirschfeld Building Construction Company, Inc. serves as the in-house construction arm, providing general contracting and construction management services for Hirschfeld Properties and its affiliates. Also engaged in planning, design, and construction of multifamily apartments, shopping centers, office buildings, condominiums, hotels, and industrial facilities.

Distribution channels2 records

Marketing channels4 records

Core offering

Hirschfeld Properties is a vertically integrated multifamily real estate firm that acquires, develops, leases, manages, and owns approximately 2,000 apartment units across the U.S. Eastern Seaboard and select Sunbelt markets. Operating through Hirschfeld Management (property management), Hirschfeld Building Construction (general contracting), and Hirschfeld Communications (wireless site leasing), the company runs a value-add program that renovates underperforming assets tenant-in-place to lift NOI and IRR.

Product overview

Hirschfeld Properties LLC operates as a vertically integrated real estate company with four interconnected divisions. Hirschfeld Properties LLC serves as the core company focused on multifamily acquisition, development, and ownership. Hirschfeld Management, Inc. provides in-house property management and leasing services with SEO-driven internet marketing. Hirschfeld Building Construction Company, Inc. (founded 1963) acts as the construction arm for development projects. Hirschfeld Communications LLC provides wireless site locations. The Multifamily Value-Add Program is a proprietary investment strategy that sources underperforming properties, renovates them tenant-in-place in one day, and increases NOI. Together, these entities handle the full real estate lifecycle from site acquisition through development, construction, property management, and asset management.

Differentiator

Problem solved

Functional benefit

Products and services

• Multifamily Apartment Communities Owned and operated garden, mid-rise, podium, and wrap multifamily apartment communities offered for lease to residential tenants across the U.S. Eastern Seaboard and select Sunbelt markets.
• Multifamily Value-Add Program Investment and operating program that acquires underperforming multifamily properties below replacement cost and uses a proprietary tenant-in-place one-day renovation process to upgrade interiors and amenities, enhance intrinsic value, and lift NOI and IRR.
• Property Management Services On-site property management, leasing, and marketing services for multifamily communities owned and affiliated with Hirschfeld Properties, with P&L-empowered property managers and continuous SEO-driven internet marketing.
• Commercial Construction Services General contracting and construction management for multifamily apartments, shopping centers, office buildings, condominiums, hotels, and industrial facilities, delivered primarily to Hirschfeld Properties affiliates.
• Wireless Site Leasing Site locations leased to all segments of the wireless industry through Hirschfeld Communications LLC.

Quantifiable outcome

• 35% average turnover vs 45% industry average
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Equity Residential: Large publicly traded multifamily REIT owning and operating rental apartment communities concentrated in coastal U.S. markets. Comparable to Hirschfeld as a multifamily owner-operator focused on high-quality apartment portfolios, but at materially greater scale and with public-market capital access.
• AvalonBay Communities: Public multifamily REIT developing, redeveloping, acquiring, and managing apartment communities in high-barrier U.S. coastal markets. Directly comparable business model to Hirschfeld's multifamily ownership, development, and property management, with overlapping East Coast geographic focus.
• Mid-America Apartment Communities: Large public multifamily REIT focused on the U.S. Sunbelt. Comparable to Hirschfeld as an apartment owner-operator pursuing both value-add renovations and ground-up development, though at significantly larger scale and Sunbelt-weighted geography.
• Essex Property Trust: Public multifamily REIT owning and operating apartment communities primarily on the U.S. West Coast. Comparable as a long-cycle multifamily owner-operator with a regional concentration strategy mirroring Hirschfeld's Eastern Seaboard focus.
• UDR, Inc. Public multifamily REIT operating a national portfolio of apartment communities with active development and value-add programs. Comparable to Hirschfeld's vertically integrated multifamily model spanning acquisition, development, and operating-platform investments.
• Camden Property Trust: Public multifamily REIT developing, acquiring, and operating apartment communities across the Sunbelt and select other U.S. markets. Comparable to Hirschfeld's multifamily ownership and development approach, with a similar focus on operating efficiency and value-add repositioning.
• Greystar Real Estate Partners: Largest U.S. multifamily investment, property management, and development firm operating hundreds of thousands of units. Comparable to Hirschfeld as a multifamily owner, developer, and third-party manager with a vertically integrated operating platform.
• The Related Companies: Large privately held real estate developer and owner with multifamily, mixed-use, affordable, and commercial assets nationwide. Comparable to Hirschfeld as a developer/owner with in-house construction capability and a value-add multifamily strategy.

Direct peers

• Bozzuto Group: Private, family-influenced multifamily developer, owner, and property manager focused on the U.S. East Coast. Highly comparable to Hirschfeld in scale, East Coast multifamily concentration, vertically integrated model, and culture of branded operating excellence.
• Trammell Crow Residential: National multifamily developer, owner, and operator pursuing value-add acquisitions and ground-up development across the U.S. Comparable to Hirschfeld's vertically integrated multifamily business model spanning development, ownership, and property management.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 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 Hirschfeld Properties, LLC