Southport Financial Services

What Southport Financial Services does

Southport Financial Services, Inc. is a privately held multi-family housing developer founded in 1995 and headquartered in Tampa, Florida, with additional offices in Tacoma, Washington, and Washington, D.C. The company develops, acquires, rehabilitates, and manages affordable and conventional multi-family housing properties, with 196 properties across 18 states and a cumulative track record of 120+ Low Income Housing Tax Credit (LIHTC) properties developed by its principals. Southport's core competency is securing LIHTC allocations and volume cap tax-exempt bond allocations across multiple states, positioning it as a specialist in government-subsidized housing for households earning up to 120% of area median income, while expanding into conventional market-rate multi-family housing across the southeastern United States.

The business operates an integrated developer-owner-manager model with three revenue streams: multi-family housing development (including LIHTC and conventional projects) generating one-time development fees and property sale proceeds; property management producing recurring rental income and management fees; and acquisition/rehabilitation activity for value-add returns. Distribution is direct to end-user residents through on-site property management staff, with the company controlling the full chain from land acquisition through long-term operations.

Southport maintains relationships with major financial partners including Freddie Mac, Raymond James, Regions Bank, Berkadia, Synovus, JLL, and Centennial Bank to finance its development pipeline. A representative project includes the 168-unit western portion development in Largo, Florida acquired from Belleair Development Group. Marketing is limited primarily to the corporate website (sphome.com), and the company carries no technology platform, AI capabilities, patents, awards, or publicly disclosed certifications beyond standard real estate licensing.

Name

Southport Financial Services

Legal name

Southport Financial Services, Inc.

Website

https://sphome.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Southport Financial Services is a Tampa-based multi-family housing developer founded in 1995 that develops, acquires, rehabilitates, and manages 196 affordable and conventional rental properties across 18 states, specializing in Low Income Housing Tax Credit (LIHTC) allocations.

Ownership category

akta.pro rank

Product category

Multi-Family Housing Development

SIC

Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)

akta.pro secondary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

Keywords

• Multi-family housing
• Affordable housing development
• LIHTC property development
• Property management
• Real estate development

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Multi-family Housing Development: Development of multi-family housing properties including government subsidized housing (LIHTC) and conventional apartment complexes. Revenue generated through property sales, development fees, and long-term ownership.
2. Property Management: Ongoing management of multi-family housing communities. Revenue from rental income and property management fees.
3. Acquisition and Rehabilitation: Acquisition and rehabilitation of existing apartment complexes for value-add returns.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Southport Financial Services develops, acquires, rehabilitates, and manages multi-family housing properties, with a strong focus on Low Income Housing Tax Credit (LIHTC) government-subsidized housing serving households earning up to 120% of area median income. The company also develops and operates conventional market-rate apartment communities and senior/elderly housing across central Florida and the southeastern United States.

Product overview

Southport Financial Services operates as a single-platform multi-family housing development and property management company. The company offers an integrated suite of services including development, acquisition, rehabilitation, and management of multi-family housing properties. Core offerings include Low Income Housing Tax Credit (LIHTC) property development and government subsidized housing programs, complemented by conventional multi-family housing across the southeastern United States. Individual development projects (such as the 168-unit western portion development in Largo, FL) represent project-specific implementations rather than distinct branded products or modules.

Differentiator

Problem solved

Functional benefit

Products and services

• Multi-family housing development (LIHTC and conventional) Ground-up development of multi-family apartment communities, including Low Income Housing Tax Credit (LIHTC) subsidized housing for households earning up to 120% of area median income and conventional market-rate apartment complexes, primarily in central Florida and select southeastern U.S. cities.
• Property acquisition and rehabilitation Acquisition of existing apartment complexes and value-add rehabilitation to upgrade and reposition multi-family assets within the company's portfolio.
• Property management services On-site management of multi-family housing communities owned and operated by Southport, including leasing, tenant relations, and ongoing operations across the 196-property portfolio.
• Senior / elderly housing communities Development and operation of age-appropriate multi-family housing communities designed for elderly residents, often combined with LIHTC program eligibility.

Quantifiable outcome

• 196 properties developed or managed across 18 states
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Belleair Development GroupminorStrategic or Co-development PartnerBelleair Development Group sold the western portion of the 15.5-acre property in Largo, Florida to Southport Financial Services for a separate 168-unit development. This represents a property acquisition relationship.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Dominium: National affordable housing developer and manager with deep LIHTC expertise. Comparable in mission, asset class, and reliance on LIHTC equity.
• Housing Trust Group: Florida-based affordable housing developer with a heavy LIHTC focus and active development pipeline across the Southeast. Closest peer given overlapping geographic footprint and program specialization.
• AHC Inc. Mid-Atlantic-based nonprofit developer of affordable and LIHTC multifamily housing. Comparable program specialization and integrated development-plus-management model.
• National Church Residences: Mission-driven developer and operator of senior housing. Most relevant peer for Southport's elderly housing community segment within the portfolio.
• Royal American Development: Florida-based affordable housing developer focused on LIHTC and government-subsidized multifamily. Strong geographic and program overlap with Southport.
• WinnCompanies: Boston-headquartered developer and manager of affordable and market-rate multifamily housing. Comparable in combining LIHTC development with long-term property management.
• The Michaels Organization: One of the largest affordable and market-rate housing developers in the US, with a substantial LIHTC portfolio and integrated property management arm — directly comparable business model at greater scale.

Broad incumbents

• The Related Companies: Large diversified real estate firm with a major affordable housing arm (Related Affordable). Competes with Southport for LIHTC allocations but operates across many asset classes.
• Greystar Real Estate Partners: Largest multifamily property manager globally and active developer. Overlaps with Southport on the property management side and southeastern US footprint.
• Camden Property Trust: Public multifamily REIT with significant concentration in the southeastern US. Comparable geography and tenant base, though it is a market-rate owner/operator rather than a LIHTC developer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Southport Financial Services