What Scotto Properties does

Scotto Properties is a privately held real estate development and property management company founded in 2004 and headquartered in Morristown, New Jersey. It operates a diversified portfolio of more than 40 residential, commercial, and mixed-use properties concentrated in the New Jersey Metro Area with a secondary foothold in Florida (Titusville), and reports over two decades of operating history, eight acquisitions in the past five years, and 170+ unit renovations in the same window. Its core products include Class A office assets—M Station East (120,000 SF, 2022), the Valley National Bank headquarters (137,000 SF, 2023), and the Sanofi flagship at M Station West (260,000 SF, 2025)—alongside residential rental communities such as Beverly Gardens, Carriage House, The Flats at 85, The Northside, Indian River Shores, and Manatee Landing, plus the recently approved $78M M Lofts (150 apartments).

The business generates revenue through three primary streams: managed property services across its owned and operated portfolio, real estate development (largely one-time project delivery, including build-to-suit for anchor tenants), and opportunistic acquisitions of value-add residential, commercial, and mixed-use assets. The company is sales-led and direct, marketing properties through its own corporate website, a dedicated rentals portal (rentals.scottoproperties.com), and an AppFolio-powered tenant portal; investment opportunities are offered through a separate 'Invest with us' channel. Pricing is not publicly disclosed.

Anchored by the Scotto family (CEO Anthony Scotto, President Biagio Scotto) and a tenured operating bench (COO Peter Realmonte, CFO Frank Clark, VP Construction Jim Howard, Director of Property Management Aivy Ariza, Controller Michael Leemann), the firm has cultivated deep relationships in Morristown and with capital markets partners—co-developing M Station with SJP Properties and winning NAIOP New Jersey's 2026 Transformational Deal of the Year for the Sanofi flagship. Revenue, headcount, and ownership structure are not publicly disclosed.

Name

Scotto Properties

Legal name

Scotto Properties

Website

https://scottoproperties.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Real Estate Development & Property Management

NAICS

Real Estate Property Managers (53131), Nonresidential Property Managers (531312), Residential Property Managers (531311), Lessors of Real Estate (5311)

SIC

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

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industry

Retail Property Management (BPAJAGAB)

Keywords

• Real estate development
• Property management
• Commercial office space
• Residential rentals
• Mixed-use developments

Headquarters

HQ city

Morristown

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Property Management: Management of residential, commercial, and mixed-use properties in the NJ Metro Area and Florida
2. Real Estate Development: Development of residential, commercial, and mixed-use properties
3. Acquisitions: Site selection specializing in value-add and opportunistic profiles with residential, commercial, and mixed-use holdings

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Scotto Properties is a real estate development and property management firm that develops, owns, and operates residential, commercial, and mixed-use properties in the NJ Metro Area and Florida. Core services include site selection and acquisitions of value-add and opportunistic properties, in-house project management for new development, and asset management covering lease-up, CapEx programs, and tenant services via an AppFolio tenant portal. The firm manages 40+ properties and serves enterprise commercial tenants (e.g., Sanofi, Valley National Bank) as well as individual residential renters.

Product overview

Scotto Properties is a real estate development and property management company offering a diversified portfolio of residential, commercial, and mixed-use properties primarily in New Jersey and Florida. The company's product portfolio includes commercial office buildings (M Station East, Valley National Bank Headquarters), residential rental communities (The Flats at 85, Carriage House, The Northside, Beverly Gardens, Indian River Shores, Manatee Landing), and mixed-use developments (M Station). The company also operates specialty commercial spaces including Town Bar & Kitchen restaurant. Scotto Properties provides property management, acquisition, development, and asset management services through its experienced management team.

Differentiator

Problem solved

Functional benefit

Products and services

• M Station East A 120,000 sq. ft. Class A office building completed in 2022 at 110 Morris Street, Morristown, NJ 07960, developed and managed by Scotto Properties as part of the M Station innovation hub.
• Valley National Bank Headquarters A 137,000 sq. ft. Class A commercial property completed in 2023 at 70 Speedwell Avenue, Morristown, NJ 07960, developed by Scotto Properties to serve as the new headquarters for Valley National Bank.
• Carriage House A 38,365 sq. ft. residential townhome property built in 2000 at 43 Ford Avenue, Morristown, NJ 07960, managed by Scotto Properties as part of its residential rental portfolio.
• The Flats at 85 A 17,400 sq. ft. premier residential community with 15 luxury rental units completed in 2024 at 85 Martin Luther King Ave., Morristown, NJ, owned and managed by Scotto Properties.
• M Station A 375K SF office and innovation hub in downtown Morristown featuring two sustainably designed office buildings (M Station East and M Station West) with public green space, anchored by Class A tenants including Sanofi.
• The Northside A 16,750 sq. ft. mixed-use property built in 2018 at 411 North Avenue West, Northfield, NJ 07090, comprising 20 residential rental units and retail space managed by Scotto Properties.
• Beverly Gardens An 84-unit residential garden community totaling 60,536 sq. ft., built in the mid-1960s and located near Morristown Green, owned and managed by Scotto Properties.
• Town Bar & Kitchen A 6,000 sq. ft. historic commercial building built in 2017 at 80 Elm Street, Morristown, NJ 07960, housing Town Bar + Kitchen restaurant with an open rooftop and managed by Scotto Properties.
• Indian River Shores A 49,070 sq. ft. rental apartment community built in 1965 at 1600 Garden Street, Titusville, FL 32796, owned and managed by Scotto Properties.
• Manatee Landing A 35,640 sq. ft. riverside apartment community at 3810 S Washington Ave, Titusville, FL 32780, offering views of rocket launches over the Indian River and managed by Scotto Properties.
• Real Estate Acquisitions & Site Selection Site selection and acquisition services specializing in value-add and opportunistic residential, commercial, and mixed-use properties in the NJ Metro Area and Florida, supported by strong capital-markets relationships.
• Real Estate Development & Project Management In-house project management and development services for residential, commercial, and mixed-use properties, with a highly structured approach delivering projects on-time and on-budget.
• Asset & Property Management Property lifecycle management covering lease-up, property-specific marketing strategies, tenant move-in/move-out assistance, CapEx programs, optimization, and a user-friendly tenant interface for residential and commercial tenants.

Quantifiable outcome

• 20+ Years in Business
• +3 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• SanoficoreOthers · 1 January 2025Flagship tenant at M Station West - Sanofi relocated its New Jersey headquarters to a 260,000 SF flagship development bringing over 2,000 professionals to downtown Morristown. The project was completed in March 2025 and won NAIOP's Transformational Deal of the Year award.
• Valley National BankcoreStrategic or Co-development Partner · 1 January 2023Developed Valley National Bank Headquarters - a 137,000 SF Class A office building built in 2023 at 70 Speedwell Avenue Morristown, NJ. The property serves as Valley Bank's new headquarters featuring centralized business hubs and outdoor terraces.
• SJP PropertiescoreStrategic or Co-development PartnerPartnership with SJP Properties on M Station development project in Morristown, NJ. M Station is a 375K SF office and innovation hub in downtown Morristown. The partnership developed both M Station East and M Station West, with M Station West including Sanofi's flagship 260,000 SF New Jersey headquarters location.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Cushman & Wakefield: Global commercial real estate services platform with full property management and asset management capabilities similar to Scotto's offerings for enterprise commercial tenants like Sanofi and Valley Bank. Larger and broader, but directly relevant for service-line comparison.
• Lincoln Property Company: National commercial property management firm with third-party management mandates comparable to Scotto's asset management layer. Larger and broader in scope, but directly comparable on property/asset management services delivered at Class A NJ office.
• JLL (Jones Lang LaSalle): Global commercial real estate services firm offering property management, leasing, and investment advisory overlapping directly with the tenant interface and asset management services Scotto provides. Broader portfolio but overlapping managed-services revenue model.

Direct peers

• Russo Development: New Jersey-focused mixed-use and multifamily developer with comparable portfolio size, NJ Metro geographic concentration, and integrated development/property management model. Substantially comparable in scale and asset mix.
• The KRE Group: Family-owned NJ-based developer and property manager with strong transit-oriented mixed-use track record. Comparable in NJ geographic focus, mixed-use expertise, and family-led governance structure.
• Edison Properties: Multi-generational NJ-based real estate owner-operator with a long-term hold strategy across office, retail, and multifamily. Comparable privately-held family operating model and NJ concentration.
• Advance Realty Investors: New Jersey-rooted commercial and mixed-use developer and asset manager with similar portfolio scale and revenue model combining development services with long-term property ownership. Direct overlap in product type and geography.
• The Hampshire Companies: Long-standing NJ-based real estate investment and development firm with a comparable mixed residential, commercial, and mixed-use portfolio across the Northeast. Their fund-and-operate model mirrors Scotto's acquisition, development, and asset management capabilities.
• SJP Properties: Co-development partner on M Station with highly overlapping NJ commercial development and property management activity. Both firms execute Class A office, mixed-use, and tenant-rep mandates in the same NJ Metro submarkets, making them the most directly comparable peer.

Regional players

• Normandy Real Estate Partners: Northeast-focused opportunistic real estate investment firm active in NJ commercial and mixed-use deals. Comparable investment approach and regional concentration though typically operates as institutional fund manager.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/scotto-properties

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Scotto Properties