Epicity

What Epicity does

EpiCity Real Estate Services is a privately held, family-owned commercial real estate services firm founded in 1935 (originally as D.L. Stokes & Company) and headquartered in Atlanta, Georgia. The company operates a vertically integrated platform spanning property management, asset management, brokerage, distressed asset services (including REO management and court-appointed receivership), and investment advisory services (including 1031 exchange facilitation). It serves commercial property owners, investors, lenders with troubled assets, and tenants across the Atlanta metropolitan area, with offices in Atlanta, Alpharetta, and Conyers and a managed portfolio that includes flagship assets such as Powers Ferry Business Park (260,000+ RSF), Armour Junction (70,000+ RSF), and The Lumberyard Lofts (68,000 RSF, exited 2018).

The underlying technology stack is operationally focused rather than technologically differentiated: EpiCity uses the AppFolio property management platform for tenant and owner portals, online payments, maintenance request tracking, CAM reconciliation, and reporting. Two wholly-owned subsidiaries extend the platform — Epic Development handles custom home building and small commercial construction, and Epic Partners serves as the investment arm for acquisitions and fund management. The firm employs licensed contractors, certified property managers (CPM, CCIM, MAI, CAPS), and CPAs, and was the first in the U.S. to hold both the NARPM CRMC and IREM AMO designations.

EpiCity generates revenue through management fees on third-party and owned properties, brokerage commissions on leasing/sales transactions, professional services for distressed-asset engagements, and investment advisory fees. The go-to-market motion is sales-led and relationship-based, leveraging referrals, direct outreach, and a content/blog presence. Pricing is quote-based and not publicly disclosed. The company is currently led by third-generation President Tom Stokes, with the fourth generation joining in 2025.

Name

Epicity

Legal name

EpiCity Real Estate Services

Website

https://epicity.com

Company type

Private

Founded year

1935

Operating status

Operating

Headcount range

11–50 employees

Short description

EpiCity is a family-owned, vertically integrated commercial real estate services firm founded in 1935, serving property owners, investors, lenders, and tenants across the Atlanta metropolitan area with property management, asset management, brokerage, distressed-asset, and investment advisory services.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Offices of Real Estate Appraisers (53132)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate (6500), Investment Advice (6282)

akta.pro industry

PRIMARYFSAEAJAJ

Real Estate Transaction Advisory & Due Diligence

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Real Estate Advisory & Brokerage

SECONDARYFSACAKAG

Mergers, Acquisitions & Spin-offs Event Administration

Financial & Insurance/Capital Markets & Securities/Corporate Actions & Issuer Services

Keywords

• Commercial property management
• Commercial real estate services
• Asset management services
• Commercial brokerage services
• Distressed asset services

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management Services: Ongoing property management fees for commercial properties including day-to-day operations, maintenance, tenant relations, and lease administration
2. Brokerage Services: Commission-based brokerage services for tenants, landlords, and investors in leasing, sales, and acquisition of commercial real estate
3. Asset Management Services: Total asset management services including property management, construction services, profit maximization, and asset rehabilitation for commercial and residential properties
4. Distressed Asset Services: Services for lenders, investors, and owners with distressed assets including REO property management, court appointed receivership, and asset rehabilitation
5. Investment Services: Investment advisory, capital formation assistance, ROI optimization, and 1031 exchange facilitation for real estate investors

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

EpiCity is a vertically integrated commercial real estate services firm that delivers property management, asset management, brokerage, distressed asset services, and investment advisory for office, industrial, retail, and multi-family properties across the Atlanta metropolitan area. The firm's service offerings are supported by AppFolio-based tenant and owner portals, online payments, digital maintenance workflows, and real-time investor reporting. Long-tenured relationships, four generations of family ownership since 1935, and nationally recognized CRMC and AMO designations underpin its service delivery.

Product overview

Epicity is a vertically integrated real estate services firm offering a unified platform of commercial property management, asset management, brokerage, distressed asset services, and investment services. The core offering centers on Property Management Services for office, industrial, retail, and multi-family properties, supported by Asset Management Services for total portfolio optimization. Additional modules include Brokerage Services (tenant/landlord representation), Distressed Asset Services (REO and turnaround), Investment Services (advisory and capital formation), and Project/Construction Management. Epicity manages a portfolio of commercial properties across the Atlanta metro area including Armour Junction, Powers Ferry Business Park, The Lumberyard Lofts, Wall Street Conyers, Curie Drive Business Park, and 558 14th Street NW. Formerly managed assets include Epic Gardens (multi-family) and Haynes Bridge Road (single-tenant commercial).

Differentiator

Problem solved

Functional benefit

Brands

• Epic Development: Sister company specializing in small commercial and custom home building and design

Products and services

• Property Management Services Comprehensive commercial property management services including day-to-day operations, tenant relations, rent collection, lease administration, property maintenance, vendor relations, marketing, and inspections for office, industrial, retail, and multi-family properties in the Atlanta metropolitan area.
• Asset Management Services Total asset management for commercial and residential properties combining property management, construction services, profit maximization, asset rehabilitation, and portfolio optimization.
• Brokerage Services Commercial real estate brokerage services representing tenants, landlords, buyers, and investors in leasing, sales, and acquisitions across office, industrial, flex, and retail asset types in the Atlanta metro area.
• Distressed Asset Services Specialized services for lenders, investors, and owners with troubled or REO real estate assets including REO property management, court-appointed receivership, distressed asset consulting, rehabilitation, and disposition to maximize value and protect against further loss.
• Investment Services Real estate investment advisory services for buy-side and sell-side deal engagements, including capital formation assistance, ROI optimization strategy, and Section 1031 exchange facilitation.

Quantifiable outcome

• Exited Lumberyard Lofts with 22% IRR in May 2018
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

One partnership is on record.

• Lifecycle Building Center (LBC)minorStrategic or Co-development PartnerEpiCity and its sister company Epic Development partner with Lifecycle Building Center to salvage reusable building materials from demolition sites. EpiCity provides full access to residential demolition sites, and LBC's deconstruction crew selectively removes usable building materials including cabinets, countertops, appliances, hardwood flooring, plumbing fixtures, and lighting for redistribution to homeowners, builders, small business owners, and nonprofits.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Transwestern: National CRE services firm offering property management, brokerage, and asset management across office, industrial, and retail. Comparable service mix to EpiCity with a broader geographic footprint and institutional ownership (private equity-backed).
• CBRE Group: Largest global commercial real estate services firm, offering the full suite of property management, brokerage, valuation, and investment advisory services. Senior EpiCity leadership previously worked at predecessor CB Commercial, indicating direct competitive familiarity.
• Colliers International: Global CRE services platform providing brokerage, property and asset management, and investment services. Overlaps with EpiCity across all five service lines but operates globally with significantly greater capital markets and research capabilities.
• Cushman & Wakefield: Global CRE services platform offering property management, valuation, brokerage, and asset management. Directly competes with EpiCity in Atlanta office and industrial submarkets.
• JLL (Jones Lang LaSalle): Global commercial real estate services firm offering brokerage, property and asset management, capital markets, and investment advisory. Competes with EpiCity in Atlanta-area office and industrial services with materially greater resources.
• Newmark Group: National CRE services firm offering investment sales, leasing, and property management across office, industrial, and retail. Comparable in service breadth and Atlanta-market presence.

Direct peers

• Northmarq: Privately held commercial real estate services firm specializing in investment sales, debt and equity placement, and loan servicing. Comparable in regional service model and target client base (owners, investors, lenders), with overlap in EpiCity's distressed-asset and 1031 exchange practices.
• Avison Young: Mid-sized commercial real estate services firm offering brokerage, property management, and investment advisory across North America. Directly comparable to EpiCity in service mix and client profile (owners, investors, tenants), though at significantly larger scale.
• Stream Realty Partners: Privately held, partner-owned commercial real estate services firm offering similar brokerage, property management, and investment services. Closely comparable ownership structure and regional platform model, though Stream is multi-market.
• Franklin Street: Privately held commercial real estate services firm providing investment sales, leasing, property management, and capital markets services, primarily across the Southeast U.S. Comparable regional platform and service mix, with strong overlap in the Atlanta/Southeast corridor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/epicity-real-estate-services
• Xx.com/epicityusa
• Facebookfacebook.com/EpiCityUSA

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

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 Epicity