New Generation Management

What New Generation Management does

New Generation Management, Inc. (NGM) is a privately held, family-owned residential property management company headquartered in Fort Wayne, Indiana, founded in 2006. The company operates a portfolio of more than 40 rental properties across Indiana spanning roughly 20 communities, with Fort Wayne as the primary concentration. NGM runs a dual-portfolio model: an affordable housing platform of 35+ Section 42 Low-Income Housing Tax Credit (LIHTC) communities serving low-to-moderate-income individuals and families, 55+ seniors, and persons with intellectual or developmental disabilities (typically 20-21% of units per qualifying property); and a luxury portfolio of seven premium duplex and townhome communities — Evard Homestead, Faye Court, Holly Springs, Sullivan Square, Kady Gene Cove II, Kayla Court, and Preston Dean Villas — concentrated in the Fort Wayne metro and priced at $642-$1,200+ per month.

The company has no proprietary technology platform; its core operating model is traditional on-site property management. Each property operates an on-site leasing office with dedicated phone and email contacts, 24-hour emergency maintenance at most sites, and direct leasing via the company's Wix-based website. The company accepts housing choice vouchers and Section 42 applications. Marketing is conducted through property-specific website pages, Facebook, and direct phone/email inquiries. A resident referral program offering referral bonuses is in place.

Revenue is generated through recurring monthly rental income across the portfolio, with no disclosed enterprise contracts, no external funding, no M&A activity, and no disclosed financial figures. Pricing varies by property: Section 42 affordable units range from $326 (Slocum Pointe) to $642 (Ashton Acres) per month, while luxury duplexes start at $1,200 per month (Sullivan Square). Hawkins Homestead in Rochester, IN is publicly listed as an upcoming senior community with completion targeted for July 2026, and the corporate site references kellerdev.com (Keller Development) as the development partner feeding the luxury pipeline.

Name

New Generation Management

Legal name

New Generation Management Inc.

Website

https://newgenmgnt.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

New Generation Management is a family-owned Fort Wayne, Indiana-based property management company operating 40+ residential rental properties statewide, split between 35+ Section 42 affordable housing communities and seven luxury duplex/townhome communities serving low-to-moderate-income residents, seniors, and persons with disabilities.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Property Managers (531311)

SIC

Operators Of Apartment Buildings (6513)

akta.pro primary industry

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

akta.pro secondary industry

Senior & Assisted Living Residential Property Management (BPAJAFAE)

Keywords

• Residential property management
• Affordable housing rentals
• Luxury apartment leasing
• Senior housing communities
• Section 42 tax credit

Headquarters

HQ city

Fort Wayne

HQ country

United States

HQ region

North America

Offices49 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Rental Income: The primary revenue stream comes from monthly rental payments collected from residents across 40+ properties in Indiana. Properties operate as Section 42 tax credit properties where applicable, with rent fixed at specific rates rather than income-adjusted.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

New Generation Management operates a residential property rental platform managing 40+ owned/operated rental communities across Indiana, organized into two core product lines: an Affordable Apartments Portfolio (Section 42 tax credit housing for low-to-moderate-income households, seniors 55+, and persons with intellectual or developmental disabilities) and a Luxury Apartments Portfolio (premium duplexes, townhomes, and apartments primarily in the Fort Wayne area). Services include leasing, on-site property management, 24-hour emergency maintenance, housing voucher acceptance, and a resident referral program.

Product overview

New Generation Management is a family-owned property management company operating a dual-portfolio housing platform across Indiana. The platform consists of two distinct product lines: (1) an Affordable Apartments Portfolio of over 35 communities including senior housing (55+), family housing, and designated units for persons with intellectual or developmental disabilities, operating under Section 42 tax credit programs; and (2) a Luxury Apartments Portfolio of 7 premium communities including Evard Homestead, Faye Court, Holly Springs, Sullivan Square, Kady Gene Cove II, Kayla Court, and Preston Dean Villas. Properties span duplexes, townhouses, and apartment-style homes throughout Indiana communities including Fort Wayne, Lafayette, New Haven, and surrounding areas.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Apartments Portfolio Core product line comprising 35+ affordable rental communities across Indiana, including Section 42 tax credit apartments, duplexes, and townhouses for low-to-moderate-income individuals and families. Communities include senior (55+) designated housing and properties with 20-21% of units designated for persons with intellectual or developmental disabilities. Income qualification is required; rent is fixed rather than income-adjusted, with units allocated first-come, first-served.
• Luxury Apartments Portfolio Core product line comprising 7 premium duplex and townhouse rental communities concentrated in the Fort Wayne, Indiana area. Properties offer 2-3+ bedroom layouts ranging from approximately 876 to over 2,000 square feet, with attached garages, Energy Star appliances, washer/dryers, fitness centers, community rooms, and on-site amenities. Pricing starts at $1,200/month for Sullivan Square duplexes.
• Sullivan Square Luxury duplex-style rental community on approximately 16 acres on Fort Wayne's Northwest side, offering 2 and 3 bedroom units with over 2,000 square feet of living space. Starting at $1,200 per month.
• Slocum Pointe Affordable independent senior rental housing community in Fort Wayne's Frances Slocum Neighborhood, with 20% (9 units) designated for persons with intellectual or developmental disabilities. Starting at $326 per month.
• Wesley Manor Southside Affordable senior rental housing community in Frankfort, Indiana, featuring 1 and 2 bedroom units along with a theater room, library lounge, pickleball court, putting green, and fully equipped fitness center.
• Union Place Transitional rental housing community in Lafayette, Indiana, providing designed and furnished apartments intended to offer security and comfort during periods of transition for residents in need.
• Preston Dean Villas 55 and older luxury rental community in Fort Wayne's Waynedale area featuring all two-bedroom duplexes with attached garages, Energy Star appliances, and included washer/dryers.
• Enterprise Pointe Section 42 tax credit affordable rental housing community in Angola, Indiana, comprising a three-story building with 50 two-bedroom apartment-style homes, a soundproof music room, and a theater room. Starting at $368 per month with income qualification required.
• Isabelle Gardens Brand new affordable rental community in Fort Wayne, Indiana, offering 2 and 3 bedroom apartments and 2 bedroom duplexes with garages, featuring minimalist design and modern technology, with 21% of units designated for persons with intellectual or developmental disabilities. Starting at $439 per month.

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Beztak Properties: Senior living and multifamily operator with affordable, market-rate, and 55+ communities across the Midwest. Comparable senior housing specialization and Section 42 operating experience.
• The Michaels Organization: Affordable and workforce housing developer/manager with significant LIHTC expertise. Comparable to NGM's affordable housing portfolio and regulatory-driven operating model across multiple communities.
• Edward Rose & Sons: Regional Midwest multifamily owner/operator with affordable and market-rate apartments. Comparable dual-portfolio approach (affordable and market-rate) and concentration in Midwest secondary markets.
• Dominium: One of the largest US affordable housing managers/developers with a heavy LIHTC/Section 42 portfolio. Directly comparable to New Generation Management's Section 42 operating model and affordable housing focus.
• Millennia Housing Management: National affordable housing management company serving LIHTC, Section 8, and HUD properties. Comparable in regulatory expertise, affordable housing focus, and third-party property management model.
• The NRP Group: National affordable housing developer and property manager specializing in LIHTC, Section 42, and mixed-income communities. Directly comparable as a Section 42 property operator with multi-state portfolio and similar affordable/senior housing mix.
• Continental Properties: Multifamily developer/operator with Spring Arbor senior living brand. Comparable senior housing vertical and Midwest-focused portfolio operating model.
• Gene B. Glick Company: Indianapolis-based multifamily property management and development firm. Comparable Midwest operator with affordable and market-rate housing exposure and similar geographic profile to NGM's Indiana focus.
• Village Green Companies: Midwest-headquartered multifamily owner/operator with affordable and luxury properties. Comparable dual-portfolio strategy (affordable and luxury apartments) and Midwest geographic concentration.

Regional players

• The Housing Authority of Fort Wayne: Local public housing authority serving Fort Wayne with affordable and Section 8 housing. Regional comparator in the same primary market as NGM's largest property cluster.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/NewGenerationManagementInc
• LinkedInlinkedin.com/company/new-generation-management-inc-

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 New Generation Management