Halverson and Blaiser Group

What Halverson and Blaiser Group does

Halverson and Blaiser Group (HBG) is a privately held real estate development, investment, and management company headquartered in Bloomington, Minnesota, founded in 1988. The company owns and/or manages 76+ multifamily properties comprising more than 100 apartment communities in the Twin Cities metropolitan area, operating under the consumer-facing DBA "Awesome Apartments." HBG serves four distinct residential segments — affordable, market-rate, luxury, and 55+ active-adult — with current asking rents ranging from approximately $700 for a studio to $3,180 for premium two-bedroom units. Recent portfolio additions include the newly built affordable community Ride Apartments, the luxury community The Station at Malcolm Yards, and senior-living properties The Eloise and The Theodore, indicating an active development pipeline alongside opportunistic acquisitions.

The company's operating stack is built on the Yardi RentCafe platform, a third-party SaaS that handles property listings, online applications, tenant screening, and rent collection across the portfolio. Clinton Blaiser serves as President, and the corporate entity employs between 51 and 100 staff, supporting centralized back-office functions (accounting, marketing, compliance) that serve the entire 76+ property footprint. The company is locally owned and operated, and its public material emphasizes renovated historic buildings and community-focused management as part of its brand positioning.

HBG's revenue model is fundamentally a residential landlord model: monthly rental income from individual tenants, supplemented by ancillary fees (parking, pets, application fees). The mix of affordable, market-rate, luxury, and 55+ product lines provides diversification across price points and tenant demographics, while geographic concentration within the Twin Cities MSA limits macro diversification. Capital sources for growth are not publicly disclosed, but the visible development activity (Ride Apartments, The Station at Malcolm Yards) implies active use of construction financing, LIHTC/tax-credit equity for the affordable segment, and refinancing of stabilized assets.

Name

Halverson and Blaiser Group

Legal name

Halverson and Blaiser Group, Ltd.

Website

https://awesomeapartments.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

51–100 employees

Short description

Halverson and Blaiser Group is a privately held Bloomington, Minnesota-based real estate developer, owner, and operator of 76+ multifamily properties across the Twin Cities, serving affordable, market-rate, luxury, and 55+ active-adult renters under the "Awesome Apartments" brand.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Lessors of Residential Buildings and Dwellings (53111)

SIC

Operators Of Apartment Buildings (6513)

akta.pro primary industry

Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG)

Keywords

• Residential property management
• Apartment rentals
• Real estate investment
• Multifamily housing
• Apartment communities

Headquarters

HQ city

Bloomington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Apartment Rental Income: Monthly rental payments from residential apartment units across portfolio of 76+ properties in Twin Cities metropolitan area, ranging from affordable to market-rate units.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Halverson and Blaiser Group owns, develops, invests in, and manages a portfolio of 76+ residential apartment communities across the Twin Cities metro area. The company provides rental housing spanning affordable, market-rate, and luxury tiers, including 55+ active-adult senior communities, with unit types ranging from studios to three-bedroom apartments.

Product overview

Halverson and Blaiser Group (HBG) operates as a diversified real estate development, investment, and management group offering a portfolio of over 100 apartment communities across the Twin Cities metropolitan area of Minnesota. The company's product portfolio consists of individually-branded apartment communities managed under the Awesome Apartments brand, rather than a unified platform architecture. The portfolio includes affordable apartments, market-rate apartments, senior-oriented 55+ communities (such as The Eloise Apartments and The Theodore Apartments 55+), and luxury apartments (including The Station at Malcolm Yards, Lexington Hills Apartments, and Stone Arch I). Properties range from vintage renovated buildings (such as 225 Place Apartments, Grand and Dale Apartments, and Pioneer Endicott) to brand new constructions (such as Ride Apartments and Flats at Malcolm Yards). The company utilizes the RentCafe platform for property management, resident login, and online leasing services. The portfolio serves diverse housing needs through properties located in various Twin Cities neighborhoods including Downtown St. Paul, Loring Park, Grand Avenue in St. Paul, Prospect Park, and Lake Minnetonka area.

Differentiator

Problem solved

Functional benefit

Products and services

• Apartment Rental Communities (Awesome Apartments portfolio) A portfolio of 76+ apartment rental communities across the Twin Cities metro area, offered under the 'Awesome Apartments' brand. Units range from studios to three-bedroom apartments, with tiered pricing across affordable, market-rate, and luxury communities. Targeted at individual renters and households in the Minneapolis–Saint Paul metro.
• 55+ Active-Adult Senior Communities

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Yardi Systems, Inc. (RentCafe)coreTechnology or IntegrationRentCafe property management and internet listing service (ILS) platform powering the Awesome Apartments website, property listings, resident portals, and online leasing functionality. Yardi provides the technology infrastructure for property search, tenant screening, lease execution, and rent payment processing.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Sherman Associates: Minneapolis-based real estate developer, owner, and operator with a multifamily portfolio spanning affordable, market-rate, and historic properties across the Twin Cities. Highly comparable given shared geography, similar mixed-tier portfolio approach, and historic renovation expertise.
• StuartCo: Minnesota-based multifamily owner and operator managing apartment communities across the Twin Cities metro. Comparable given shared local market focus, similar property sizes, and resident services orientation.
• Wall Companies: Minneapolis-based real estate developer and operator of multifamily, commercial, and mixed-use properties in the Twin Cities. Comparable given shared local market, mixed portfolio approach, and integrated development/ownership model.
• Aeon: Minneapolis-based nonprofit affordable housing developer and owner with a large Twin Cities multifamily portfolio. Comparable given shared geography and significant affordable housing overlap with HBG's designated affordable properties.
• The Lander Group: Minneapolis-based real estate investment, development, and management firm operating multifamily, mixed-use, and senior housing. Comparable given shared Twin Cities focus, multifamily + senior housing mix, and integrated development/ownership model.
• Dominium: Plymouth, MN-based apartment owner and manager with one of the largest affordable and workforce housing portfolios in the country. Directly comparable given shared Minnesota HQ, multifamily focus, and significant affordable housing exposure.
• Roers Companies: Plymouth, MN-based real estate developer focused on multifamily, mixed-use, and senior living across the Midwest. Comparable given shared Minnesota base, multifamily development focus, and senior living exposure.

Broad incumbents

• Mid-America Apartment Communities: Public REIT operating large multifamily portfolios across the Sunbelt and select Midwest markets. Comparable as a broad multifamily owner/operator; less directly comparable due to scale and Sunbelt geographic focus, but shares the same fundamental business model.
• Camden Property Trust: Public REIT that owns, develops, and manages multifamily apartment communities across the U.S. Comparable as a broad multifamily incumbent; differs in scale and geography but operates a similar owner-operator model on residential rental properties.
• Equity Residential: Large publicly-traded REIT owning and operating high-quality apartment communities in select urban markets. Comparable as a broad multifamily incumbent; less directly comparable due to national footprint and institutional scale versus HBG's local focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/hbgproperties
• LinkedInlinkedin.com/company/halverson-and-blaiser-group-ltd.

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Halverson and Blaiser Group