What Nolan Properties Group does

Nolan Properties Group, LLC is a privately-held, vertically-integrated real estate development and management firm headquartered in Wayzata, Minnesota. The company acquires, develops, leases, and asset-manages multi-family residential, commercial office, retail, industrial, mixed-use, and self-storage properties, with a particular focus on infill sites in high barrier-to-entry markets. Together with predecessor companies, the firm has developed over 5 million square feet of commercial real estate across the United States, and operates a self-storage portfolio that ranks among the largest privately-held in the country. Geographic operations span the Minneapolis-St. Paul and Boston metropolitan areas.

The business is family-owned and controlled by the Nolan family, whose real estate and construction activities trace back to the early 1900s. John Nolan founded the current entity in 2007 after 21 years as managing partner of the predecessor Nolan Group. Operating revenue is generated through three principal streams: real estate development (development fees, property sales, long-term ownership), property management and leasing (recurring management fees and leasing commissions on self-storage, retail, office, and mixed-use assets), and asset management services across Midwest and Northeast portfolios. Pricing is negotiated on a per-project or per-asset basis and is not publicly disclosed; distribution is direct, with no third-party channel or reseller model.

The firm functions as a lean operating platform with 11-50 employees organized into operations, finance, leasing, marketing, and administration functions. Competitive positioning emphasizes vertically-integrated execution on complex infill projects, multi-generational institutional knowledge, and a long-duration capital base unconstrained by fund-style exit timelines. There is no disclosed use of AI/ML, no API or software product surface, and no external institutional investors identified in the available data.

Name

Nolan Properties Group

Legal name

Nolan Properties Group, LLC

Website

https://nolanpg.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Nolan Properties Group is a privately-held, family-owned real estate firm that develops, leases, and manages multi-family, commercial, retail, self-storage, and mixed-use properties across the Minneapolis-St. Paul and Boston metros, anchored by one of the largest privately-held self-storage portfolios in the United States.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Miniwarehouses and Self-Storage Units (53113), Real Estate Property Managers (53131), Nonresidential Property Managers (531312)

SIC

Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

akta.pro secondary industries

Residential Real Estate Asset Management (BPAJAMAA), New Construction & Builder Sales (BPAJAAAB), Property Management Advisory & Leasing Administration (FSAEAJAN), Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Commercial real estate development
• Property management services
• Self-storage facilities
• Multi-family housing
• Mixed-use development

Headquarters

HQ city

Wayzata

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development: Acquisition, development and construction of multi-family, commercial, retail, industrial and mixed-use properties. Revenue generated from development fees, property sales, and long-term asset ownership.
2. Property Management and Leasing: Ongoing management of self-storage, retail, office, and mixed-use properties. Revenue from leasing commissions and property management fees.
3. Asset Management: Long-term asset management of portfolio properties in Midwest and Northeast regions, supporting strategic direction and growth.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Nolan Properties Group is a privately-held, vertically-integrated commercial real estate development firm that acquires, develops, builds, and manages multi-family residential, commercial office, retail, industrial, mixed-use, and self-storage properties. The firm holds and operates a portfolio across the Minneapolis/St. Paul, Minnesota and Boston, Massachusetts metropolitan areas and also renovates historically significant buildings into modern multi-family and retail space. Revenue is generated from development and sale of properties, recurring property management and leasing fees, and long-term asset ownership.

Product overview

Nolan Properties Group is a privately-held, vertically-integrated real estate development firm offering a comprehensive suite of property services. The firm operates a unified platform for acquisition, development, and management of commercial real estate, encompassing multi-family residential, commercial office, retail, industrial, and mixed-use properties. The portfolio includes self-storage facilities, which grew into one of the largest privately held self-storage companies in the United States. Together with its predecessor companies, the firm has developed over 5 million square feet of commercial real estate throughout the United States, with historical renovation projects adding to the diversified portfolio. The vertically integrated model combines real estate finance, entitlement, construction, and asset management expertise to execute challenging infill projects.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Over 5 million square feet of commercial real estate developed

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Public Storage: Largest U.S. self-storage REIT with a national footprint. Comparable on the self-storage operating model that Nolan built into a major platform, though Public Storage is REIT-structured and vastly larger.
• M.A. Mortenson: Minneapolis-headquartered national developer and builder with significant commercial real estate development arm. Comparable in regional heritage and capability mix, but substantially larger and more diversified into wind energy and large institutional construction.
• Colliers International: Global commercial real estate services firm offering property management, leasing, and investment advisory. Highly comparable on commercial property management and leasing capabilities, with overlap via team alumni.

Direct peers

• CSM Corporation: Minneapolis-based vertically-integrated real estate firm developing and managing commercial, retail, and industrial properties. Multiple Nolan Properties Group executives previously held senior roles at CSM, making it the most directly comparable peer for operating model and market overlap.
• Extra Space Storage: National self-storage REIT with one of the largest U.S. facility counts. A direct operating comparable to Nolan's self-storage platform from a tenant demand and unit economics perspective.
• Ryan Companies: National, family-influenced real estate developer and builder headquartered in Minneapolis, active across office, industrial, multifamily, retail and healthcare. Closely comparable on vertical integration, real estate development focus, and Midwest anchor geography.
• CubeSmart: Self-storage REIT operating across major U.S. metros including Boston. Directly comparable on self-storage operations, geographic overlap in Massachusetts, and recurring rental revenue model.
• Kraus-Anderson: Minneapolis-based real estate developer, construction manager, and property investor with a long Midwest history spanning commercial, multifamily, and mixed-use assets. Comparable in regional focus, vertical integration, and family-influenced ownership profile.
• Opus Group: Large vertically-integrated real estate developer headquartered in the Twin Cities, building and managing office, industrial, multifamily, retail and mixed-use properties across the U.S. Highly comparable in scope, integration model, and Midwest operating geography.
• Schafer Richardson: Minneapolis-based commercial real estate investment, development, and property management firm. Comparable on Twin Cities focus, vertically-integrated services, and overlap via senior Nolan team alumni.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Nolan Properties Group