What Barrett and Stokely does

Barrett and Stokely is a privately-held, generationally-owned multifamily real estate company founded in 1975 and headquartered at 3755 East 82nd Street, Suite 300, Indianapolis, Indiana. The company operates 50+ apartment communities encompassing more than 12,000 apartment homes and serving over 15,000 residents across Indiana (Indianapolis, Carmel, Fort Wayne, Lafayette, Greenwood, Plainfield, Zionsville, Noblesville, Evansville, New Castle) and Ohio (Cincinnati, Hilliard, Columbus). The portfolio spans studios through three-bedroom units and townhomes, with rents ranging from approximately $700/month for affordable product to over $3,000/month for luxury townhomes such as Old Town on the Monon's Carnegie 3BR.

The company is vertically integrated across three core business lines: Property Management (full-service multifamily leasing, maintenance, and resident services), Development (financial analysis, design, construction management, and repositioning of new apartment communities), and Investment Management (long-term asset management for real estate portfolios). Client Services extends these capabilities to third-party owners and investors through lease-up and repositioning, development consulting, due diligence, financial analysis, and capital improvements project management. The portfolio is marketed under multiple sub-brands including Circle City Apartments, 82 Flats, Riley Towers, Nickel Plate Station, Old Town on the Monon, MARQ, One Lytle Place, The Pointe at Hilliard, Hobbs Station, Woods of West Carmel, and Greenfield Crossing.

The company's technology stack is not proprietary: digital leasing, marketing sites, and resident portals are powered by Resite (a third-party multifamily platform referenced in the website footer). The go-to-market motion is direct-to-consumer through the corporate website and 50+ individual branded property websites, supplemented by on-site leasing offices and Facebook/Instagram brand channels. Revenue is generated primarily through recurring monthly rental income, supplemented by third-party property management fees and development/investment management service revenue. Bryan Barrett serves as Chief Executive Officer and Principal.

Name

Barrett and Stokely

Legal name

Barrett and Stokely Corporate

Website

https://barrettandstokely.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

251–500 employees

Short description

Barrett and Stokely is a privately-held, generationally-owned multifamily real estate company founded in 1975 that operates 50+ apartment communities with 12,000+ homes across Indiana and Ohio, serving over 15,000 residents via integrated property management, development, and investment management services.

Ownership category

akta.pro rank

Headquarters

HQ city

Indianapolis

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, Technology or R&D

Revenue model

1. Residential Apartment Leasing: The company earns rental income from residents across its owned apartment communities. Residents pay monthly rent for apartment homes ranging from studios to 3-bedroom units across their portfolio of 50+ communities in Indiana and Ohio.
2. Property Management Services: Barrett & Stokely provides multifamily leasing and property management services to third-party property owners, including lease-up, repositioning, development consulting, due diligence, financial analysis, and capital improvements project management.
3. Development & Investment Management: The company generates revenue through development projects and investment management of real estate assets for clients, using long-term investment strategies that guide development projects in select Midwest communities.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Barrett and Stokely is a generationally-owned real estate company that develops, owns, and manages multifamily apartment communities across the Midwest. It operates a portfolio of 50+ apartment communities comprising over 12,000 apartment homes in Indiana and Ohio, renting residential units to individuals and families while also providing third-party property management, development, and investment management services to property owners and investors.

Product overview

Barrett & Stokely is a generationally-owned real estate company (since 1975) offering a platform-plus-services model for multifamily property management. The company operates three core business lines: Property Management (full-service multifamily operations, leasing, and maintenance), Development (ground-up construction and repositioning of apartment communities), and Investment Management (long-term asset management). Their client services include lease-up and repositioning, development consulting, due diligence, financial analysis, and capital improvements project management. The portfolio includes 50+ apartment communities across Indiana and Ohio marketed under various sub-brands including Circle City Apartments, managed through the Barrett & Stokely platform with online rental payments and maintenance request portals for residents.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Full-service multifamily property management including leasing, maintenance, resident services, and day-to-day operations for owned apartment communities.
• Development Real estate development services including financial analysis, thoughtful design, and construction management for new multifamily projects in select communities.
• Investment Management Asset management and investment management services focusing on long-term success of real estate assets through thoughtful analysis.
• Client Services Multifamily leasing and property management services delivering lease-up and repositioning, development consulting, due diligence, financial analysis, and capital improvements project management for third-party property owners and investors.
• Circle City Apartments Portfolio of fully renovated studio, 1 and 2 bedroom apartments and townhomes within walking distance of Mass Avenue in Indianapolis.
• 82 Flats Luxury apartments at Keystone at the Crossing featuring spacious layouts, semi-attached garage parking, resort-style saltwater pool, and state-of-the-art fitness center.
• Riley Towers Apartments High-rise community offering panoramic views of Indianapolis skyline with studios, 1, 2, and 3 bedroom apartments and townhomes featuring high-end finishes.
• Nickel Plate Station Contains 237 apartment homes with 10,500 square feet of retail space and 337-space parking garage, offering studio, one bedroom, two bedroom, and townhouse apartments with Samsung stainless steel appliances.
• Old Town on the Monon Gorgeous 1, 2, and 3-bedroom apartments and townhomes with luxury finishes in the heart of the Carmel Arts & Design District, featuring ten-foot ceilings, exposed brick, and two-car attached garages.
• MARQ Downtown Lafayette apartment community offering a unique mix of suburbia and urban amenities along the city's new Riverfront Promenade with river views.
• One Lytle Place High-rise community in Cincinnati offering 1-bedroom and 2-bedroom homes in eleven spacious floor plans with panoramic river, city, and stadium views.
• The Pointe - Hilliard Spacious, open-designed floor plans with contemporary open-plan design, heated pool, fenced dog park, and contemporary finishes in Hilliard, Ohio.
• Hobbs Station Plainfield, Indiana community featuring EV charging stations, 24-hour fitness center with yoga studio, coworking space, and direct access to the Vandalia Trail.
• Woods of West Carmel Upscale apartment living in Zionsville with heated saltwater pool, quartz countertops, LG stainless appliances, and walking trails near Carmel Clay Schools.
• Greenfield Crossing Spacious 1, 2, and 3-bedroom apartment homes in Greenfield with resort-style swimming pool, fitness center, and easy access to I-70.

Quantifiable outcome

• Over 15,000 residents served across the Midwest portfolio
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Edward Rose & Sons: Privately held Midwestern multifamily developer and operator of large-scale apartment communities, comparable in size, vertical integration, and family-ownership profile to Barrett & Stokely.
• Buckingham Companies: Indianapolis-based multifamily real estate developer and manager with development, property management, and investment management services that closely parallel Barrett & Stokely's three business lines in the same Midwest markets.
• Herman & Kittle Properties (HAMP): Indianapolis-based multifamily developer and operator focused on affordable and market-rate apartments across the Midwest; direct competitor in the affordable-to-workforce tier Barrett & Stokely serves.
• Flaherty & Collins Properties: Indianapolis-based multifamily developer, owner, and property manager with a similar vertically integrated model, comparable Midwest footprint, and overlapping customer base of residential renters and third-party owners.
• Kittle Property Group: Indianapolis-based multifamily developer and operator with a Midwest/Cincinnati-region footprint, directly competing for tenants, development sites, and third-party management mandates with Barrett & Stokely.
• Continental Properties: National multifamily developer/operator with deep Midwest presence (including Wisconsin and Indiana markets), pursuing the same development and third-party management model as Barrett & Stokely.

Emerging players

• Dominion Realty Partners: Mid-market multifamily developer and manager active in the Carolinas and Southeast; comparable in scale and product mix (Class A garden-style and mid-rise) though operating in a different region.

Broad incumbents

• Mid-America Apartment Communities (MAA): Large publicly traded multifamily REIT owning ~100,000 units across the Sunbelt. Relevant as the institutional benchmark for operating efficiency, technology adoption, and capital access relative to a regional operator like Barrett & Stokely.

Others

• JLL Multifamily Capital Markets: Investment sales, debt placement, and equity recapitalization advisor for multifamily owners, including Midwest portfolios like Barrett & Stokely's, enabling acquisition, disposition, or capital raise decisions relevant to its growth trajectory.

Regional players

• BRT Realty Trust (Blackstone-sponsored): Multifamily-focused REIT with capital backing from Blackstone that acquires and operates institutional multifamily portfolios, including Midwest assets that directly compete with Barrett & Stokely for both tenants and acquisitions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/BarrettStokely
• Instagraminstagram.com/barrettandstokely/?hl=en
• Xx.com/barrettstokely

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Barrett and Stokely