CREM

What CREM does

Cheney Real Estate Management, Inc. (CREM) is a privately held, Washington-incorporated rental property management company headquartered at 304 1st St, Suite 102, Cheney, WA. The company owns and self-manages what it describes as the largest selection of rental units in Cheney, including studio, 1-BR, 2-BR, and 3-BR apartments, duplexes, 4-plexes, single-family homes, manufactured homes, mobile home lots, and commercial property. CREM has been operating for over 40 years and primarily serves Eastern Washington University students, families, low-income and elderly residents, and tenants requiring accessibility features.

The underlying technology stack is intentionally light: a self-managed website (cheneyhousing.com) hosts unit listings, photos, and pricing; the third-party ACRANET/QuickLease Pro platform handles online tenant applications, guarantor applications, and subsidized-unit applications; an in-house reservation system collects 25% non-refundable holding deposits; and a secure online payment portal processes monthly rent. CREM also runs an email notification list, including priority alerts for subsidized-unit waiting lists. There is no proprietary AI or automation layer described.

CREM's revenue model is fundamentally recurring residential rent. Tenants sign annual leases and pay monthly, with unit rents ranging from roughly $650 for studios to $2,550 for premium single-family homes. Subsidized units at University Place receive partial rent coverage under USDA-RD and dual USDA-RD/HUD programs, with rent determined by income eligibility. Holding deposits (25% of monthly rent) and a small commercial-property line provide ancillary revenue. The go-to-market is direct-to-consumer via website, phone, email, and walk-in inquiries at the Cheney office; no digital advertising, social media, or third-party distribution channels are used.

Name

CREM

Legal name

Cheney Real Estate Management, Inc.

Website

https://cheneyhousing.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

CREM is a privately held, 40+ year-old landlord in Cheney, WA, owning and self-managing the city's largest portfolio of rental units — studios, apartments, duplexes, homes, manufactured homes, mobile home lots, and commercial property — serving EWU students, families, low-income, elderly, and disabled tenants.

Ownership category

akta.pro rank

Product category

Residential Rental Property Management

NAICS

Lessors of Residential Buildings and Dwellings (53111), Residential Property Managers (531311), Lessors of Real Estate (5311)

SIC

Real Estate Operators (No Developers) & Lessors (6510), Operators Of Apartment Buildings (6513), Lessors Of Real Property, Nec (6519)

akta.pro industry

PRIMARYBPAJAFAD

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

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Residential Property Management

SECONDARYBPAJAMAB

Commercial Real Estate Asset Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Asset & Portfolio Management

Keywords

• Residential property rentals
• Apartment leasing
• Subsidized housing
• Property management
• Single-family rentals

Headquarters

HQ city

Genoa

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure

Revenue model

1. Residential Rental Income: Monthly rental payments from tenants occupying apartments, duplexes, 4-plexes, single-family homes, and manufactured homes. Revenue is recurring on a monthly basis with lease terms typically annual.
2. Holding Deposits: Non-refundable holding deposit equal to 25% of monthly rent required to reserve a unit. Converted to security deposit upon occupancy.
3. Subsidized Housing Payments: Revenue from government-subsidized units at 2400 and 2424 University Place, where USDA-RD and HUD programs cover portion of tenant rent based on income eligibility.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

CREM directly owns and manages a portfolio of residential rental properties in Cheney, WA, offering studios, 1-BR, 2-BR, and 3-BR apartments, duplexes, 4-plexes, single-family homes, manufactured homes, mobile home lots, and commercial space. Lease applications, unit reservations, holding deposits, and rent payments are processed online, and select units are offered as affordable housing through USDA-RD and USDA-RD/HUD federal subsidy programs. Properties are leased directly by CREM to individual tenants, students of nearby Eastern Washington University, families, low-income households, seniors, and accessibility-needing residents.

Product overview

Cheney Real Estate Management (CREM) operates as a rental property management company offering the largest selection of rental units in Cheney, WA. The portfolio includes studio apartments, 1-BR, 2-BR, and 3-BR units, single-family homes, duplexes, 4-plexes, manufactured homes, mobile home lots, and commercial properties. Properties are subsidized by USDA-RD and HUD programs for income-qualified tenants. Supporting services include an online application platform (ACRANET/QuickLease Pro), unit reservation system with holding deposits, secure online payment portal, and email notification list for availability alerts.

Differentiator

Problem solved

Functional benefit

Products and services

• Studio Apartments Efficient 350-465 SQFT studio apartments offered at $650-$1,000 per month with select units including washer/dryer, air conditioning, dishwashers, and high ceilings, located near EWU campus, downtown Cheney, and STA bus lines. Target tenants include students and individuals seeking low-cost housing.
• 1-BR Units One-bedroom apartments from 500-860 SQFT priced from $775-$1,100 per month, with options including washer/dryer hookups, air conditioning, dishwashers, and all utilities included at select locations. Targets individual renters, including EWU students and single occupants.
• 2-BR Units Two-bedroom apartments, duplexes, and 4-plexes from 784-1050 SQFT, priced $700-$1,350 per month, including washer/dryer hookups, off-street parking, and gas furnaces. Targeted at small families, roommates, and multi-person households near EWU, shopping, and bus lines.
• 3-BR Units Three-bedroom apartments, duplexes, 4-plexes, and homes from 960-1300 SQFT, priced $1,200-$1,800 per month, with select 2-person rates, washer/dryer hookups, private driveways, and locations near EWU and parks. Targeted at families and larger households.
• Single-Family Homes and Duplexes Standalone houses and duplexes from 818-1539 SQFT priced $1,000-$2,550 per month, including quaint 1-BR cottages, spacious 3-BR rancher homes with views, garages, unfinished basements, washer/dryer, dishwasher, and A/C. Targeted at families and households wanting detached single-family living close to schools and shopping.
• Affordable / Subsidized Apartments Income-restricted 1-BR and 2-BR units subsidized by USDA-RD or dual USDA-RD/HUD programs at 2400 and 2424 University Place in Cheney, WA, with playground, sport courts, and on-site laundry. Rent is set by federal income eligibility formulas and waiting lists apply. Targeted at income-qualified low-income tenants, families, elderly residents, and individuals with disabilities.
• Manufactured Home Rentals (Pine Village Park) Manufactured home rentals in the Pine Village Park community with no separate lot rent, offering 2-BR and 3-BR layouts from 924-1539 SQFT at $1,250-$1,800 per month. Targeted at households seeking affordable detached single-family-style living.
• Mobile Home Lots Rental lots for tenant-owned mobile home placement in managed communities with mature landscaping and a variety of floorplan options available on site. Targeted at owners of mobile homes seeking a rental lot in Cheney.
• Commercial Property Rentals Commercial real estate units available for rent to business tenants in Cheney, WA, managed and leased directly by CREM alongside its residential portfolio.

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Three partnerships are on record, tiered core.

• ACRANETcoreTechnology or IntegrationACRANET provides the online tenant application and screening platform used by CREM. Tenants apply online through https://cheneyre.quickleasepro.com/ for standard applications, guarantors, and subsidized unit applications.
• USDA Rural Development (USDA-RD)coreOthersGovernment program providing subsidized rental housing at 2400 and 2424 University Place. Income-qualified tenants have rent partially covered by USDA-RD subsidies.
• U.S. Department of Housing and Urban Development (HUD)coreOthersFederal housing agency providing additional subsidy support for select units at 2424 University Place through dual USDA-RD/HUD program. Income limits and eligibility requirements apply.

Scale indicators2 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Asset Living: National multifamily property management firm managing hundreds of thousands of units. Comparable in core service line (residential property management) though focused on larger institutional assets, not small-town landlord portfolios.
• Greystar Real Estate Partners: Largest U.S. apartment and residential property management company. Demonstrates the scale ceiling of CREM's model and the institutional competition for tenants in similar unit types, though at vastly different scale.
• RPM Living: Large national multifamily management company with regional Washington presence. Provides scale-based competition and benchmarks against which CREM's efficiency and tenant service quality can be measured.
• Windermere Property Management: Large Pacific Northwest real estate brand with property management arms across Washington State. Comparable in residential property management services but operates at significantly broader scale than CREM's single-market focus.

Direct peers

• Accent Property Management: Regional property management company operating in the Spokane/Cheney corridor, managing apartments, duplexes, and single-family rentals. Directly comparable in unit types served and tenant segments targeted.
• Larson Property Management: Cheney/Spokane-area residential property management company offering apartments and homes for rent near EWU. Directly comparable to CREM in geography, target tenant base, and product mix of small multifamily and single-family rentals.
• GreenStone Property Management: Spokane-based residential property management firm serving Eastern Washington. Comparable to CREM in providing rental housing services to local tenants and owner-investors in the same regional market.
• TCT Property Management: Spokane-area residential property management company serving the Inland Northwest market. Comparable in serving local landlords and tenants in similar unit types across the same regional geography.
• Benedict Property Management: Local Spokane/Cheney-area property management firm handling residential and small commercial rentals. Comparable in operational model and regional focus to CREM's single-market landlord business.

Regional players

• 4 Degrees Real Estate: Spokane-area real estate and property management firm handling residential rentals in the Inland Northwest. Comparable business model and regional footprint though not specifically Cheney-concentrated.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cheney-real-estate-management

Compliance1 record

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 CREM