What AGPM does

AGPM, LLC is a privately held real estate asset management and development firm headquartered in Orlando, Florida, founded in 2004. The company specializes in multifamily affordable housing, with a portfolio that has cumulatively spanned 50,000+ residential units acquired, developed, renovated, or managed across 12 high-growth U.S. states and 106 entities. Its core service lines are asset and investment management, new construction development, preservation/rehabilitation, and specialized acquisitions (including general partnership and investor limited partnership interests plus distressed asset debt).

The company's go-to-market is direct and asset-management-led: AGPM operates through two wholly-owned affiliates — Banyan Development Group (new construction, primarily Florida) and Poplar Development Group (affordable housing preservation across the Southeastern US). Capital is sourced through LIHTC financing structures with institutional partners (Fannie Mae, RBC Community Investments, Churchill Stateside Group, Colliers) and supplemented by municipal support (e.g., the City of Orlando's $1.3M investment in Fern Grove). Resident-facing customer segments are low-income families earning 50-70% of Area Median Income and seniors aged 55+ and 62+, served through income-restricted properties. Operating geographies are concentrated in Florida, with active expansion into Georgia and North Carolina. Recent product launches include Fern Grove Apartments, Barnett Villas, Mariposa Grove, Woodlock Manor, and the Old Vineyard Development phases; recent acquisitions include Hearthside Sugarloaf, Olive Grove Apartments, and Calvary Trace.

The business model is asset-light: AGPM manages a large property footprint with a lean headcount of 11-50 employees, generating revenue through management fees, developer fees, acquisition transaction fees, and incentive fees tied to portfolio performance under long-duration LIHTC compliance periods. There is no proprietary technology platform; the company's competitive differentiation rests on regulatory/financing expertise, a distributed partnership ecosystem (98 partnerships including The Tree House Foundation for social services and K2 Med for healthcare), and Florida Green Building Coalition sustainability certifications. Ownership is concentrated with the founders/principals — no institutional PE/VC backing is disclosed in the available material.

Name

AGPM

Legal name

AGPM, LLC

Website

https://agpmonline.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

AGPM is a privately held Orlando-based real estate asset manager and developer focused on affordable multifamily housing for low-income families (50-70% AMI) and seniors (55+) across 12 U.S. states, operating through two affiliates and managing 106 entities spanning 50,000+ cumulative residential units.

Ownership category

akta.pro rank

Product category

Real Estate Asset Management

NAICS

Residential Property Managers (531311)

SIC

Real Estate Agents & Managers (For Others) (6531), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Institutional Separate Accounts & SMAs (Mandates) (FSAAAGAL)

Keywords

• Real estate asset management
• Multifamily property management
• Affordable housing development
• Commercial real estate services
• Property acquisitions

Headquarters

HQ city

Orlando

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Asset Management Services: Revenue generated through comprehensive asset and investment management services for multifamily and commercial properties, including due diligence, asset modeling, operations oversight, and strategic capital deployment.
2. Property Acquisitions: Revenue through specialized acquisition of general partnership and investor limited partnership interests, as well as acquisition of debt secured by distressed rental apartment communities.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

AGPM is a private real estate asset management firm that specializes in managing, acquiring, and developing multifamily and commercial properties, with a focus on affordable housing. The company oversees more than 47,000 residential units across 12 high-growth states through 98 partnerships and 106 entities, and operates two development affiliates: Banyan Development Group for new construction in Florida and Poplar Development Group for affordable housing preservation in the Southeast.

Product overview

AGPM operates as an asset management and real estate development company managing multifamily and commercial properties across 12 high-growth U.S. states. The company offers a portfolio of services including Asset & Investment Management, New Construction Development, Preservation Development, and Acquisitions. Key affiliates include Banyan Development Group (new construction in Florida) and Poplar Development Group (affordable housing preservation in the Southeast). The portfolio encompasses 50,000+ units managed since 2004 across 98 partnerships and 106 entities. The company's community properties include senior housing communities (Fern Grove, Hearthside Sugarloaf, Mariposa Grove, Woodlock Manor, Tulip Commons, Oak Park Senior Living), family housing (Barnett Villas, Calvary Trace, Poplar Forest at Mercer, Olive Grove), and mixed-use developments, many featuring ENERGY STAR appliances, solar power, and Florida Green Building Coalition certifications.

Differentiator

Problem solved

Functional benefit

Products and services

• Multifamily Asset Management
• Commercial Property Management
• Affordable Housing Development (Banyan Development Group)
• Affordable Housing Preservation (Poplar Development Group)
• Real Estate Acquisitions and Dispositions

Quantifiable outcome

• 47,000+ residential units managed since 2004
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered core and minor.

• WeaverCooke ConstructioncoreImplementation/ SI/ Consulting Partner · 1 January 2025Construction partner utilizing the innovative semi-modular PASS™ system for efficient, high-quality construction of Old Vineyard Development projects (Poplar Forest and Tulip Commons) in Winston-Salem, NC.
• Banyan Development Group, LLCcoreStrategic or Co-development PartnerAffiliate specializing in new-construction communities primarily concentrated throughout Florida. This partnership enables AGPM to expand its new construction development capabilities within the state.
• Poplar Development Group, LLCcoreStrategic or Co-development PartnerAffiliate formed to expand capabilities into the affordable housing preservation space, including new acquisitions throughout the Southeastern United States. Led the Old Vineyard Development project in Winston-Salem, NC.
• The Tree House FoundationcoreStrategic or Co-development PartnerNonprofit partner providing direct services and community-building programs to AGPM residents. Partnership includes donated essentials, ongoing community programs, housing assistance, and advocacy. Active across multiple AGPM communities including Fern Grove, Westgate, Palos Verdes, Los Altos, and Woodhollow.
• In-Fill HousingminorStrategic or Co-development PartnerPartner in Poplar Forest at Mercer renovation project in Macon, Georgia, collaborating on comprehensive community-wide improvements.
• Macon Housing AuthorityminorStrategic or Co-development PartnerGovernment housing authority partner in the Poplar Forest at Mercer renovation, providing support for the 140-unit family community transformation.
• K2 MedminorStrategic or Co-development PartnerHealthcare partner providing mobile clinic services, memory health screenings, and wellness programs to AGPM senior communities including Fern Grove and Rotonda Lakes.
• Second Harvest Food Bank of OrlandominorOthersFood bank partner collaborating with The Tree House Foundation to distribute food boxes to AGPM residents at Palos Verdes, Los Altos, and Woodhollow communities.
• 15 LightyearsminorOthersVolunteer organization providing support for community food distribution events at AGPM properties, helping deliver food boxes to residents.
• Signal 88 SecurityminorOthersSecurity services partner for Silver Pointe Senior Apartments lighting upgrade project, providing dusk-to-dawn LED lighting installation.
• Ecofi Energy SolutionsminorOthersEnergy solutions partner for Silver Pointe Senior Apartments lighting upgrade project, enabling energy-efficient LED lighting throughout the property.
• National COREcoreStrategic or Co-development PartnerDevelopment partner for Oak Park Senior Living in Fort Myers, a 144-unit affordable senior community for residents 62+. AGPM serves as property manager.
• BDG (Banyan Development Group)coreStrategic or Co-development PartnerDevelopment and construction partner for Fern Grove Apartments in Orlando. BDG led development and construction while AGPM manages the community.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• The Related Companies: Large diversified real estate firm with significant affordable and workforce housing operations alongside market-rate development. Broader scale and capital base but overlapping LIHTC and multifamily asset management activities.
• Greystar Real Estate Partners: Largest multifamily property manager globally with ~800,000 units under management. Comparable property management and investment management capabilities, though Greystar operates at much larger scale and serves third-party institutional clients more broadly.

Direct peers

• National CORE: Nonprofit affordable housing developer with national footprint developing senior and family affordable communities. Already a development partner of AGPM (Oak Park Senior Living in Fort Myers), indicating operational overlap and direct comparability.
• Conifer Realty: Multifamily affordable housing developer and manager with deep LIHTC expertise. Closely comparable integrated model of development, acquisition, and property management of income-restricted multifamily communities.
• WinnCompanies: Multifamily housing developer, owner, and manager with a substantial affordable housing portfolio. Operates a comparable integrated model of development, acquisition, and asset management across multiple states with mixed-income and affordable focus.
• The Michaels Organization: One of the largest affordable housing developers and managers in the U.S., specializing in LIHTC-financed multifamily. Highly comparable integrated model combining ground-up development, acquisition, and long-term property management of affordable and mixed-income communities.
• L+M Development Partners: Affordable and mixed-income housing developer with LIHTC and mixed-finance expertise. Comparable integrated model combining acquisition, ground-up development, and asset management in affordable multifamily.
• Enterprise Community Partners: National nonprofit developer and investor in affordable housing with integrated development, capital deployment, and resident services. Comparable LIHTC-driven development pipeline and public-private partnership approach.
• McCormack Baron Salazar: Affordable housing developer focused on urban mixed-income communities, frequently in partnership with public housing authorities. Comparable LIHTC-driven development model with similar public-private partnership approach.
• Preservation of Affordable Housing (POAH): Nonprofit affordable housing owner and operator preserving and developing rental housing for low-income families. Directly comparable preservation development focus akin to AGPM's Poplar Development Group affiliate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/agpmllc
• LinkedInlinkedin.com/company/agpm

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 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 AGPM