What Smart Property Services does

Smart Property Services GmbH (SPS), founded in 2019 in Gera, Thüringen by twin brothers Philipp Körner and Peter Körner, is a white-label property management service provider serving institutional investors, asset managers, property managers, and housing associations in the DACH region. The company operates as a modular, scalable partner that delivers services under the client's own brand — ranging from individual service modules (rent accounting, operating costs, debt collection, marketing) to full holistic portfolio management — across residential, commercial, and retail asset classes. SPS reports approximately €3.8B in assets under management for clients using at least one service module and €4.7B for full-service clients, with up to ~64,000 units managed nationwide and a headcount of approximately 100 employees across offices in Gera, Hamburg, Lauchhammer, München, and Schwerin.

The technology stack is built around multi-ERP interoperability (SAP/S4Fire, iX-Haus, Domus), a proprietary Digital Mailroom for paperless correspondence workflows, and integration with the Casavi digital tenant communication platform. SPS has also co-developed an AI-powered predictive maintenance solution with Aareon Group — the European market leader for property management software — using large property datasets for maintenance forecasting, damage prevention, and early defect detection. These capabilities are designed to address three pain points explicitly cited in the company's positioning: Fachkräftemangel (skilled labor shortage), digitalization needs, and rising reporting requirements in German real estate management.

The business model is enterprise B2B managed services sold through direct field sales, with no public pricing and contracts structured around portfolio size and module scope. Revenue is generated from institutional mandates; recent disclosed anchor wins include Principal Asset Management (500,000 m² retail portfolio, 20+ centers, July 2024), HIH Real Estate (78,861 m² across 14 commercial properties, May 2024), Nuveen (ESG Article 9 residential fund, 2026), and Hines (Fürstenried West, Munich, 2025). The company is privately held with no external institutional or PE/VC investors disclosed, and operates as part of the Smart Property Group (SPG).

Name

Smart Property Services

Legal name

Smart Property Services GmbH

Website

https://smartprop-services.de

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

Smart Property Services GmbH is a white-label property management company founded in 2019 in Gera, Germany, serving institutional investors, asset managers, and property managers in the DACH region with modular and full-service management across residential, commercial, and retail assets, managing approximately 64,000 units.

Ownership category

akta.pro rank

Product category

Property Management Services

NAICS

Real Estate Property Managers (53131), Nonresidential Property Managers (531312), Residential Property Managers (531311)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• White-label property management
• Commercial real estate management
• Rent accounting services
• Asset management outsourcing
• Residential property administration

Headquarters

HQ city

Gera

HQ country

Germany

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. White-Label Property Management Services: Modular B2B service fees for property management provided under client branding. Services range from individual modules (rent accounting, operating costs, debt collection) to comprehensive full-service portfolio management. Revenue is generated through service contracts with institutional investors, asset managers, and property management companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Smart Property Services is a white-label B2B property management service provider offering modular and full-service outsourcing of real estate administration for institutional investors, asset managers, property managers, housing associations, and WEGs in the DACH region. Services span commercial and residential property management, rent accounting, operating cost accounting, debt collection, digital mailroom, condominium/WEG management, reporting, and tenant communication. All services are delivered under the client's own brand, integrated with their ERP systems, and supported by proprietary digital tools and AI-driven predictive maintenance.

Product overview

Smart Property Services operates as a white-label property management company offering modular services for all asset classes. The product portfolio includes core property management services (Objektmanagement), commercial real estate management (Gewerbeimmobilien), condominium management (Wohnungseigentumsverwaltung/WEG), rent accounting (Mietenbuchhaltung), operating costs (Betriebskosten), debt collection (Mahnwesen/Forderungsmanagement), digital mailroom (Digitales Postzentrum), reporting, management of property and administrative companies, and marketing support. These services can be delivered as individual modules or as a complete holistic management solution, working under the client's own brand as a white-label partner.

Differentiator

Problem solved

Functional benefit

Products and services

• Gewerbeimmobilien – Commercial Real Estate Management Comprehensive management of commercial properties delivered on a white-label basis to institutional investors, asset managers, and property managers. Includes commercial and technical property management, operating cost optimization, sustainability management, and marketing support for commercial tenant acquisition.
• Objektmanagement – Property Management Professional building management covering leadership activities, commercial and technical property support, and rental and sales management, delivered under the client's brand.
• Mietenbuchhaltung – Rent Accounting Digital booking of rental payments including debtor accounting, creditor accounting, master data maintenance, and monthly/yearly closing work.
• Betriebskosten – Operating Costs Operating cost accounting, invoice preparation and dispatch, and ongoing cost control, including free operating cost optimization with contract analysis and optimization.
• Mahnwesen / Forderungsmanagement – Debt Collection Complete receivables management including dunning runs, debt collection, collection agency services, and monitoring of active and inactive debtors.
• Digitales Postzentrum – Digital Mailroom Digitization of correspondence and data including incoming and outgoing mail, digitalization and archiving of postal mail and other correspondence, provisioning of digital data for real estate systems, and delivery of digital workflows.
• Wohnungseigentumsverwaltung (WEG) – Condominium Management Professional management of condominium owner communities including owner representation, owner support, billing and accounting, and assembly management in accordance with the German Apartment Ownership Act.
• Reporting Digital and reliable reporting support using digitized processes and modern IT technology, providing needs-based, timely, and target-group-appropriate reporting to clients.
• Verwaltung von Objekt- und Verwaltungsgesellschaften – Management of Property and Administrative Companies Coordination of company groups including preparation of monthly and annual financial statements, ongoing financial accounting, and communication with tax consultants.
• Marketing Sales support including consulting, analysis and research, marketing campaigns, virtual room tours, and design and implementation of print materials.

Quantifiable outcome

• Managed up to ~64,000 units across Germany in property management
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability2 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Aareon GroupcoreTechnology or Integration · 1 January 2021Collaborative development of predictive maintenance solutions using artificial intelligence for real estate portfolio management. Joint project analyzing large datasets to derive insights for maintenance forecasting, damage prevention, and early defect detection. Aareon published a case study on the project in their 2021 annual report.
• CasavicoreTechnology or IntegrationIntegration of Casavi's digital tenant communication platform into SPS workflows, enabling simplified tenant communication, seamless ERP integration, document provisioning, and bulk digital messaging. Implemented successfully at Hines' Fürstenried West portfolio in Munich.
• DHGE (Duale Hochschule Gera-Eisenach)coreStrategic or Co-development PartnerEducational partnership providing dual study programs in real estate economics (Immobilienwirtschaft) and apprenticeship programs. Philipp Körner is himself a DHGE alumnus. Students receive practical training at SPS while studying.
• BVMW (Bundesverband der Deutschen Mittelstand)minorOthersListed as partner/membership in logo section of website.
• AareoncoreTechnology or IntegrationListed as partner in logo section. Aareon is the European market leader for property management software and technology partner for AI-driven predictive maintenance projects.
• NWG GroupcoreStrategic or Co-development PartnerEvent organizers of the REAL E-Statement Konferenz #2 where CEO Philipp Körner participated in ESG panel discussion. Collaborative relationship in industry thought leadership and conference ecosystem.
• Hoffnungsträger StiftungminorStrategic or Co-development PartnerFoundation partner for Nuveen's ESG residential portfolio projects. Two projects in Baden-Württemberg (Neckarsulm and Mühlacker) were realized in cooperation with the foundation, both featuring social affordable housing components.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Emerging players

• Casavi: Casavi is a German provider of digital tenant communication and property management software, integrated into SPS workflows for clients like Hines. Comparable as a digital property operations partner whose platform SPS leverages; an emerging technology player rather than a direct competitor for full-service management mandates.
• Plentific: Plentific is a tech-enabled marketplace for property maintenance and management services, listed as a partner of SPS. Comparable as a technology-enabled player bringing digital workflows to property operations, partially overlapping with SPS's digital mailroom and predictive maintenance capabilities.

Broad incumbents

• Grand City Properties: Grand City Properties is a German real estate company focused on residential properties in densely populated urban areas, with significant in-house property management operations. Comparable as a German institutional-grade residential property manager, though ownership-and-management focused rather than white-label services.
• LEG Immobilien: LEG Immobilien is one of Germany's largest residential property managers with ~165,000 units under management, primarily in North Rhine-Westphalia. Comparable as a large German institutional property manager operating at scale across residential portfolios, though vertically integrated rather than white-label.
• Adler Group: Adler Group is a German residential real estate company with a large in-house property management platform serving ~70,000+ units. Comparable as a scaled German residential property manager, with similar institutional ownership base and ESG compliance exposure.
• Vonovia: Vonovia is Germany's largest residential real estate company with an in-house property management organization serving hundreds of thousands of units. Comparable as a scaled German residential property manager with strong institutional ownership profile, though it is a vertically integrated owner-operator rather than a white-label outsourcer.
• Aareon Group: Aareon is Europe's leading provider of property management software and IT services for the housing and real estate industry. It is both a strategic technology partner of SPS (predictive maintenance joint project) and a broad incumbent offering overlapping software-and-services capabilities to many of the same institutional owners SPS targets.

Direct peers

• TAG Immobilien: TAG Immobilien is a German residential and commercial property company that both owns and provides property management services to third-party institutional investors. Directly comparable as a multi-asset property manager serving institutional clients across Germany, with similar geographic and asset-class breadth.
• Heuer & Sack Immobilien: Heuer & Sack is a German property management company offering full-service residential and commercial management for institutional and private clients. Directly comparable to SPS as a multi-service property manager competing for similar German institutional mandates.
• Domicil Real Estate: Domicil Real Estate is a German property management and real estate services firm offering commercial, residential and asset management for institutional owners. Directly comparable to SPS as a third-party B2B property management services provider operating across asset classes in Germany.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights1 record

Customer concentration

• YouTubeyoutube.com/channel/UCFqOQKIcne-8_0QUAr0kxGA
• LinkedInde.linkedin.com/company/sps-smart-property-services
• Instagraminstagram.com/smartprop_sps

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

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 Smart Property Services