Belmont Management Company

What Belmont Management Company does

Belmont Management Company is a privately held affordable housing services platform headquartered in Fort Smith, Arkansas, operating across six states in the central and south-central United States (Arkansas, Colorado, Kansas, Missouri, Oklahoma, and Texas). The company provides property management, affordable housing development, and general contracting services through three core operating subsidiaries — Belmont Management Company (BMC), Belmont Development Company (BDC), and Belmont Construction Company (BCC) — supported by holding and consulting entities Intra-Urban Investments (IUI) and SDR Investments. Belmont specializes in the Low-Income Housing Tax Credit (LIHTC) and USDA-Rural Development programs, serving rural markets that larger national affordable housing operators typically underserve.

The company's business model combines recurring third-party property management fees, LIHTC/USDA development fees, and construction contractor revenue into a vertically integrated offering. Belmont manages 103+ apartment communities comprising more than 5,000 units, has developed over 40 communities with 2,500+ units, and has constructed over 42 communities with 2,200+ units since 2007. Distribution to prospective residents occurs through a self-serve website apartment finder tool and direct contact, while institutional relationships are cultivated with state housing finance agencies (notably Oklahoma), USDA-Rural Development, and LIHTC investor networks through enterprise field sales.

The underlying technology stack is standard: web-based property management systems, a search-filter apartment finder on belmontmgt.com, and a corporate website hosted on the Streamroll network platform. There are no disclosed proprietary technology platforms, AI/ML capabilities, or mobile applications. Pricing is not publicly disclosed; rental rates are governed by area median income thresholds and government program requirements. The company employs 51-100 people and is led by founder Ryan Hudspeth, President and CEO Rhonda Nicholson, and key principals Derrick Hamilton and Shawn Smith, with multiple executives holding prior tenures at the Oklahoma Housing Finance Agency.

Name

Belmont Management Company

Legal name

Belmont Management Company Inc.

Website

https://belmontmgt.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Short description

Belmont Management Company is a privately held affordable housing platform operating across six U.S. states, providing vertically integrated property management, LIHTC/USDA development, and general contracting services for over 5,000 rental units.

Ownership category

akta.pro rank

Product category

Affordable Housing Property Management

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116)

SIC

Operators Of Apartment Buildings (6513), Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industry

Housing Development, Construction & Rehabilitation Programs (BPAIANAB)

Keywords

• Affordable housing management
• Multifamily property management
• LIHTC housing development
• General contracting services
• Tax credit compliance

Headquarters

HQ city

Fort Smith

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management Services: BMC serves as management agent for Belmont-owned properties and unaffiliated multifamily housing owners. Revenue derived from property management fees, likely a percentage of managed assets or per-unit management fees. Services include marketing, leasing, maintenance, tax credit compliance, accounting, and financial services across over 100 communities with over 5,000 units.
2. Development Fees: BDC develops affordable housing through USDA-Rural Development and Low-Income Housing Tax Credits (LIHTC). Development fees are earned through securing financing, overseeing construction, and managing the development process for over 40 communities with over 2,500 units.
3. General Contracting Services: BCC serves as general contractor for rehabilitation and new construction developments. Revenue from construction contracts on over 42 communities with over 2,200 units completed since 2007.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Belmont Management Company provides full-service property management, affordable housing development, and general contracting services for multifamily rental housing. Through Belmont Management Company (BMC), Belmont Development Company (BDC), and Belmont Construction Company (BCC), it manages 103+ apartment communities with 5,000+ units, develops 40+ communities (2,500+ units) under LIHTC and USDA-Rural Development financing, and has completed construction on 42+ communities (2,200+ units) since 2007 across six states.

Product overview

Belmont Management Company operates as a property management, development, and construction company offering affordable housing services. The company consists of three core divisions: Belmont Management Company (property management), Belmont Development Company (affordable housing development), and Belmont Construction Company (general contracting). Additional entities include Intra-Urban Investments (holding company) and SDR Investments (LIHTC consulting). Together they manage over 100 apartment communities comprising more than 5,000 units across six states, providing complete services including marketing, leasing, maintenance, tax credit compliance, accounting, and financial services.

Differentiator

Problem solved

Functional benefit

Products and services

• Belmont Management Company (Property Management Services) Full-service property management for multifamily housing communities including marketing, leasing, maintenance, tax credit compliance, accounting, and financial services. Manages 103+ apartment communities with 5,000+ units across six states on behalf of Belmont-owned properties and unaffiliated third-party owners.
• Belmont Development Company Affordable housing development services securing LIHTC and government-administered funding, securing financing from lenders and investors, and overseeing the development process during the construction phase. Has developed 40+ communities and 2,500+ units across multiple states.
• Belmont Construction Company General contracting services for rehabilitation and new construction of affordable housing developments. Since formation in 2007, has completed over 42 communities and 2,200+ units, focusing on quality, safety, and timeliness.
• Apartment Finder (Online Leasing Tool)

Quantifiable outcome

• Over 5,000 units managed across 103 communities
• +2 more outcomes

Named customers3 records

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

Three partnerships are on record, tiered minor.

• National Council of State Housing AgenciesminorOthersBDC is an affiliate member of the National Council of State Housing Agencies, providing access to industry resources, networking, and best practices in affordable housing finance.
• Oklahoma Coalition of Affordable HousingminorOthersBDC was a founding member and continuing supporter of the Oklahoma Coalition of Affordable Housing, demonstrating commitment to the state's affordable housing development ecosystem.
• StreamrollminorOthersBelmont Management Company is part of the Streamroll network of sites, utilizing their corporate website platform infrastructure. Streamroll provides the underlying website framework and network connectivity.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• Lincoln Avenue Communities: Mission-driven LIHTC developer and operator of workforce and affordable multifamily housing. Similar development-plus-management model with growing footprint in secondary markets.
• Volunteers of America National Services: Nonprofit developer and operator of affordable and supportive housing, including senior and family communities funded through LIHTC and federal programs. Comparable on affordable senior and family housing operations.

Direct peers

• The Michaels Organization: National affordable and workforce housing developer and manager with significant LIHTC activity and a large third-party management portfolio. Overlaps with Belmont on LIHTC-driven development and ongoing property management services.
• Woda Cooper Companies: Affordable housing developer, general contractor, and property manager focused on LIHTC and USDA-Rural Development properties across the Midwest and Mid-South. Closely mirrors Belmont's vertical integration and rural market focus.
• McCormack Baron Salazar: National affordable housing developer and manager focused on mixed-income and LIHTC multifamily communities. Comparable integrated development and management approach in affordable housing.
• Dominium: One of the largest U.S. affordable housing owners, developers, and managers, with a heavy LIHTC focus and a footprint across rural and secondary markets similar to Belmont's. Directly comparable on multifamily affordable housing development and third-party management.
• The NRP Group: Vertically integrated affordable and workforce multifamily developer, builder, and property manager with national LIHTC activity. Comparable business model of developing, constructing, and managing affordable rental housing.
• Pennrose: Developer and operator of affordable and mixed-income multifamily housing using LIHTC and other public financing. Comparable in combining development, construction, and property management under one platform.
• National Church Residences: Nonprofit developer and operator of affordable senior housing, including rural and small-metro communities. Comparable on the senior (55+/62+) affordable housing component of Belmont's portfolio.
• Conifer Realty (WRH Realty Services): Developer and manager of affordable and mixed-income multifamily housing with a large LIHTC portfolio. Overlaps with Belmont on rural and small-metro affordable housing development and management.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/belmontmgt
• LinkedInlinkedin.com/company/belmont-management-company-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries5 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 Belmont Management Company