What Samaritan Companies does

Samaritan Companies is a privately held real estate development and property management firm headquartered in Plainfield, Indiana, founded in 1994. The company develops, purchases, and manages commercial, residential, and multi-family communities across Indiana and the broader Midwest, with a stated 30-year operating history. Its portfolio encompasses over 4,100 managed apartment units and 7,500+ units in which its principals hold ownership involvement, spanning conventional market-rate rentals, HUD-financed affordable housing (Section 8, 236, 221d4, 202), active-adult 55+ communities (Encore brand), and commercial properties. Through its subsidiary Cedar Run Limited Inc., the company has developed over 8,600 single-family lots including Heartland Crossing, a 1,500-acre mixed-use community that is the largest single PUD in Indiana.

The business operates through an integrated model combining land acquisition, development, construction, financing, insurance, and ongoing property management under a single corporate umbrella. The affiliated nonprofit Community Reinvestment Foundation (CRF) adds 2,300+ units of mission-driven property management and contributes over $500,000 annually to World Missions. Revenue is generated through property management fees, rental income from owned units, and development margin on new construction. The company markets primarily through individual property websites, direct leasing offices, and Facebook, with no disclosed public-facing API or proprietary technology platform beyond a basic Resident Portal for rent payment and maintenance requests. Its competitive positioning is grounded in HUD regulatory expertise, integrated service lines, regional scale in Indiana, and a long track record of retaining ownership of developed assets rather than selling them.

The customer base consists of individual residential renters, HUD-qualified affordable housing residents, active adults aged 55+, and a modest number of commercial tenants within mixed-use developments. The leadership team is long-tenured and family-affiliated, with Tim J. Shrout serving as President and several executives having been with the company for 20+ years, and no evidence of institutional equity backing, outside funding rounds, or ownership transitions.

Name

Samaritan Companies

Legal name

Samaritan Companies

Website

https://samaritancompanies.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

101–250 employees

Short description

Samaritan Companies is a privately held Indiana-based real estate firm that develops, purchases, and manages over 4,100 apartment units across conventional, affordable (HUD), and active-adult 55+ communities, serving individual renters in the Midwest.

Ownership category

akta.pro rank

Headquarters

HQ city

Plainfield

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Revenue model

1. Apartment Unit Management: Property management fees from managing residential and multi-family apartment communities. Company directly manages over 4,100-4,200 apartment units generating management fee revenue.
2. Real Estate Development: Development and construction of new multi-family communities for company ownership. Over 30 years of development experience creating apartment units from land acquisition through property completion and management.
3. Single-Family Lot Development: Through Cedar Run Limited Inc., developing single-family residential lots in Indiana and Montana. Developed over 8,600 single-family lots including the massive Heartland Crossing mixed-use community.
4. Commercial Property Management: Management of commercial properties including office, industrial, and retail sites within developments like Heartland Crossing.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

The provided input did not contain source material with source identifiers describing the company's actual offerings. No factual extraction is possible without supporting evidence.

Product overview

Samaritan Companies is a diversified real estate company offering property management, development, and investment services through multiple product lines and affiliates. The core offering is property management services for over 4,100 apartment units, encompassing residential, commercial, and affordable housing (HUD Section 8, 236, 221d4, and 202) properties. Development activities are conducted through Cedar Run Limited Inc., which has developed over 8,600 single-family lots and major mixed-use communities like Heartland Crossing. The company also operates Active 55+ communities under the Encore brand, a non-profit property management foundation (CRF), and provides resident-facing digital services including an online portal for rent payments and maintenance requests.

Differentiator

Problem solved

Functional benefit

Brands

• Encore 55+ Boutique Apartments: Luxury and spacious apartment homes for those aged 55 and better, with community amenities including pickleball, bocce ball, and barbecue pits.
• The Stone Table

Quantifiable outcome

• Over $500,000 annually contributed to World Missions through Community Reinvestment Foundation
• +1 more outcomes

Segments5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Community Reinvestment Foundation, Inc. (CRF)coreStrategic or Co-development Partner · 1 January 1992Non-profit property management firm founded by Tim Shrout in 1992. Manages over 2,300 units and contributes more than $500,000 annually to World Missions, supporting construction of bible schools and ministry initiatives.
• Cedar Run Limited, Inc.coreStrategic or Co-development PartnerDevelopment subsidiary of Samaritan Companies, responsible for single-family lot development and larger development projects. Led by Tim Shrout, Cedar Run has developed over 8,600 single-family lots in Indiana and Montana, including the 1,500-acre Heartland Crossing mixed-use community.
• The Stone TableminorGTM or Marketing PartnerA resourcing community helping the next generation of entrepreneurs and businesses understand the biblical foundation for faith, work, and missions. Featured on Samaritan Companies website as a partner organization.

Scale indicators15 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Kittle Property Group: Indianapolis-based real estate investment firm developing and managing multifamily, mixed-use, and commercial assets in the Midwest. Comparable in Indiana-centric footprint, mixed-use development expertise, and long-term hold orientation.
• Bell Partners: Vertically integrated multifamily investment and management firm operating a large portfolio across the U.S. Comparable in owning-and-managing multifamily at scale and operating across conventional and value-add segments.
• Gene B. Glick Company: Indianapolis-based multifamily owner, developer, and manager with a substantial Midwest portfolio including conventional and affordable housing. Closely matches Samaritan's Indiana footprint and vertically integrated operating model.
• The Michaels Organization: National affordable and workforce housing developer and manager with deep HUD program expertise. Comparable to Samaritan's Section 8/236/221d4/202 specialization and third-party management approach.
• Village Green: Large multifamily owner and management company with operations across the Midwest. Comparable as an integrated owner-operator focused on suburban garden-style apartments in markets similar to Samaritan's.
• Edward Rose & Sons: Midwest-focused multifamily owner, developer, and manager with a large conventional apartment portfolio across Michigan, Indiana, and surrounding states. Comparable in scale, geography, and integrated build-and-hold strategy.
• Monarch Investment & Management Group: Privately held multifamily investment and management firm with a sizable national portfolio across conventional and affordable housing. Comparable as a private, owner-operator model without public-market capital.
• Buckingham Companies: Indianapolis-based real estate development and property management firm operating multifamily, affordable housing, and mixed-use assets across the Midwest. Highly comparable in geography, product mix, and integrated development-to-management model.
• ConAm Management Corporation: National multifamily management and investment platform with a sizable conventional and affordable housing portfolio. Comparable as a third-party manager and owner of multifamily assets at scale.
• Herman & Kittle Properties: Indianapolis-headquartered multifamily developer and manager focused on affordable and market-rate housing. Closely comparable to Samaritan in Indiana concentration, HUD involvement, and integrated development platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/SamaritanCompanies
• LinkedInlinkedin.com/company/samaritan-property-management-i

Revenue estimate

Valuation estimate

Number of profiles

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 Samaritan Companies