Metro Property Management

What Metro Property Management does

Metro Property Management is a privately held, vertically integrated residential property manager and landlord headquartered in Morgantown, West Virginia, operating since approximately 1995. The company operates the largest claimed portfolio of apartments and townhomes in West Virginia, with 30+ named communities across Morgantown, Fairmont, Bridgeport/Clarksburg, and Martinsburg in West Virginia, plus Washington and Waynesburg in Pennsylvania. Its portfolio spans affordable student housing ($525-$1,095/month near WVU and Fairmont State University) through mid-range family apartments ($895-$1,500/month) to luxury lakefront and golf course townhomes ($1,850-$2,200/month), supported by 1-3 bedroom configurations and amenities including fitness centers, pools, bark parks, and gated access.

The underlying technology stack is built on PropertyWare, a third-party SaaS property management platform that powers the online tenant portal, digital applications, and lease management. Metro layers operational features on top including 24-hour keyless entry fitness centers, coded building access, and online rental applications. There is no proprietary AI/ML capability disclosed; the technology profile reflects standard industry tooling for a mid-sized regional operator. Ancillary wholly owned subsidiaries include Metro Storage (self-storage facilities) and Metro Billboards (outdoor advertising), which leverage the same regional footprint.

Metro generates revenue primarily through recurring monthly rental income from its owned and managed residential and student housing portfolio, supplemented by ancillary fees (parking at ~$75/month, pet fees, deposits) and revenue from subsidiary services. The go-to-market model is direct-to-consumer with seven physical leasing offices across WV and PA, supplemented by PropertyWare-powered self-serve online applications. Customer segments are dual-focused: university students (WVU and Fairmont State) seeking individual leases and roommate matching, and young professionals, families, and premium renters seeking apartments, townhomes, and pet-friendly housing. Distribution spans social media (Facebook, Instagram, TikTok, X), the liveatmetro.com website, and direct leasing office outreach. The company is independently owned with no disclosed institutional investors or parent entity.

Name

Metro Property Management

Legal name

Metro Property Management

Website

https://liveatmetro.com

Company type

Private

Founded year

1995

Operating status

Operating

Short description

Metro Property Management is a privately held Morgantown, WV-based landlord and property manager operating 30+ apartment, townhome, and student housing communities across West Virginia and Pennsylvania, serving WVU/Fairmont State students, families, and premium renters.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Lessors of Real Estate (5311), Rental and Leasing Services (532)

SIC

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

akta.pro primary industry

Student Housing Property Management (BPAJAFAF)

akta.pro secondary industries

Student & Academic Term Monthly Housing (THAMAFAH), Student Housing Tenant Representation (BPAJALAE)

Keywords

• Residential property management
• Apartment rentals
• Student housing
• Townhome rentals
• Multi-family housing

Headquarters

HQ city

Morgantown

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Rental Income: Monthly rental payments from residential apartments and townhomes across their portfolio of properties. Rental income is recurring and forms the primary revenue stream. Properties include various bedroom configurations from studios to 3+ bedroom units with pricing ranging from approximately $525 to $2,200 per month depending on property type, location, and amenities.
2. Student Housing Rental: Specialized rental revenue from student-specific communities near WVU and Fairmont State University. Features individual leases and roommate matching services. Student units range from $525-$1,095/month with fully furnished options available.
3. Ancillary Fees: Additional revenue from security deposits, parking fees ($75/month at some properties), garage rentals, and pet-related fees. Some properties mention weight and breed restrictions for pets.
4. Storage and Additional Services: Related services through sister companies Metro Storage and Metro Billboards, though these appear to be separate business entities under the Metro brand.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Manages and rents apartments, townhomes, and student housing across West Virginia and Pennsylvania. Operates the largest rental property collection in West Virginia with seven physical leasing offices, supporting student, family, and premium renter segments through both in-person leasing and online tenant services.

Product overview

Metro Property Management is a full-service property management company operating the largest portfolio of apartments and townhomes in West Virginia, with nearly 30+ years of experience managing residential and student housing communities. The company offers a diverse portfolio organized into two main sub-brands: Residential Communities (single-family apartments and townhomes for individuals and families) and Student Communities (purpose-built student housing serving WVU and Fairmont State students). The portfolio spans 35+ named communities across Morgantown, Fairmont, Bridgeport/Clarksburg, Martinsburg, WV, and Washington/Waynesburg, PA, ranging from affordable 1-bedroom units to luxury 3-bedroom townhomes with rents from $525 to $2,200 monthly. Individual leases and roommate matching are available for student properties. The company also provides ancillary services through Metro Storage and Metro Billboards. Key property types include mid-rise apartments, garden-style apartments, gated communities, lakefront townhomes, and golf course townhomes.

Differentiator

Problem solved

Functional benefit

Brands

• Metro Storage: Self-storage facilities operated as a separate business line.
• Metro Billboards

Named customers4 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

Feature3 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Greystar Real Estate Partners: Greystar is the largest apartment and student housing property manager in the world, managing over $300B in assets. As a broad incumbent, it operates across the same student housing and multifamily categories that Metro serves, but at national scale rather than regional.
• Asset Living: Asset Living is one of the largest third-party multifamily and student housing property managers in the U.S., managing over 200,000 units. Directly comparable to Metro as a property management operator, though at much larger scale and broader geographic reach.
• RPM Living: RPM Living is a national multifamily and student housing property management firm managing over 200,000 units. Directly comparable to Metro's property management services for both residential and student housing, though at much greater scale and geographic breadth.
• BH Management Services: BH Management is a top-10 U.S. multifamily property management firm with over 100,000 units under management. Comparable to Metro as a residential property management operator, though at significantly larger scale and broader geographic footprint.
• Cushman & Wakefield (Multifamily): Cushman & Wakefield's multifamily division manages a large portfolio of apartment communities for institutional owners. Comparable to Metro as a third-party property manager, though primarily serving institutional capital rather than owner-operators.

Direct peers

• The Cardinal Group Companies: Cardinal Group provides real estate investment, student housing operations, and property management across the U.S. Directly comparable as a student housing operator with individual leases and similar service offerings to university students near campus.
• The Bozzuto Group: Bozzuto is a mid-Atlantic focused residential property management and development firm operating across apartments, student housing, and senior living. Most comparable to Metro as a regional operator with diversified multifamily and student housing exposure, though in larger mid-Atlantic metros.
• Campus Apartments: Campus Apartments is a Philadelphia-based student housing developer and operator with properties at universities across the East Coast and Midwest. Comparable to Metro's student housing business model with on-the-ground leasing, individual leases, and roommate matching at university-served communities.
• Mission Rock Residential: Mission Rock Residential is a national multifamily property management firm founded in 2012 that manages conventional, affordable, and student housing. Directly comparable service offering to Metro across multifamily and student property management categories.

Regional players

• Scion Realty Group: Scion Realty Group is a student housing operator serving smaller university markets in the Mid-Atlantic and Southeast, similar to Metro's focus on Morgantown-area universities. Comparable business model targeting off-campus student demand with purpose-built communities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/liveatmetro
• Facebookfacebook.com/mpmwv
• Instagraminstagram.com/liveatmetro
• TikToktiktok.com/@liveatmetro

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 Metro Property Management