ADR Preferred Business Properties

What ADR Preferred Business Properties does

ADR Preferred Business Properties (also doing business as ADR Properties) is a privately held, fee-based commercial and multifamily property management and brokerage firm founded in 1979 by A. Douglas Rickard and headquartered at 20664 Ventura Blvd, Woodland Hills, California. The firm manages a portfolio valued at over $1 billion across approximately 100 commercial income properties (office, retail, industrial) encompassing over 1 million square feet, more than 700 multifamily units across the San Fernando Valley, San Gabriel Valley, and greater Los Angeles, and 22 mobile home park properties totaling over 5,200 spaces. ADR serves over 65 property owners throughout Southern California and the West Coast, with roughly two-thirds of its commercial book under management for over a decade.

The firm's service stack spans core property management, in-house brokerage representing landlords/tenants/buyers/sellers across commercial and multifamily transactions, construction management (including seismic retrofits of over 150,000 square feet and fire/earthquake damage recovery), and industrial development led personally by the principal (seven industrial buildings, 170,000+ square feet in Ventura County). Its technology backbone is AppFolio, which powers owner and tenant portals, online rent payment, maintenance request workflows, financial reporting, and listing/applications; listings on the company website incorporate Matterport virtual tours and mobile applications on iOS and Android. Compensation is tied to management fees rather than vendor markups, aligning firm economics with owner outcomes.

The go-to-market model is relationship-led and direct: outreach to property owners is driven by long-term relationships, phone/email contact (818-715-0965), the adrproperties.com website, and online portals, while tenant acquisition flows through the AppFolio listing engine and digital applications. Revenue streams comprise recurring management fees, brokerage commissions, and project-based construction management services. The 13-person team includes the President/Broker, additional brokers, property supervisors, accounting and collections staff, and assistant property managers; ADR operates as a founder-controlled firm with no disclosed external investors, funding rounds, or parent company.

Name

ADR Preferred Business Properties

Legal name

ADR Preferred Business Properties

Website

https://adrproperties.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

ADR Preferred Business Properties is a fee-based commercial, multifamily, and mobile home park property management and brokerage firm in Southern California managing a portfolio valued at over $1 billion for 65+ property owners.

Ownership category

akta.pro rank

Product category

Commercial Property Management

NAICS

Services to Buildings and Dwellings (5617)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Office Property Management (BPAJAGAA)

akta.pro secondary industry

Tenant Representation & Corporate Services Brokerage (BPAJABAJ)

Keywords

• Commercial property management
• Multifamily property management
• Real estate brokerage
• Construction management services
• Mobile home park management

Headquarters

HQ city

Woodland Hills

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management Fees: Fee-based property management for commercial, office, industrial, retail, and multifamily properties. Compensation is tied to management fees, not markups on routine vendor invoices or maintenance work, keeping interests aligned with property owners.
2. Real Estate Brokerage Commissions: In-house brokerage representing landlords, tenants, buyers, and sellers in commercial and multifamily transactions throughout Greater Los Angeles. Handles both leasing and investment sales.
3. Construction Management Services: Supervision of reconstruction of fire and earthquake-damaged properties, government-mandated seismic retrofits, and conversion of underutilized space into income-producing leasable space.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

ADR Preferred Business Properties provides fee-based property management and brokerage services for commercial, office, industrial, retail, and multifamily property owners throughout Southern California and the West Coast. The firm manages approximately 100 commercial properties (over 1 million sq ft), 700+ multifamily units, and 22 mobile home parks (5,200+ spaces), while an in-house brokerage handles leasing and investment sales and a construction management team oversees seismic retrofits and property reconstruction.

Product overview

ADR Preferred Business Properties operates as a fee-based property management and brokerage firm offering a unified suite of services for commercial and multifamily property owners. The core offerings include Commercial Property Management (managing approximately 100 commercial properties across office, retail, and industrial segments), Multifamily Property Management (over 700 residential units and mobile home parks), Commercial and Multifamily Brokerage services, Industrial Development, and Construction Management. These core services are supported by two integrated online portals: the Owner Portal (for financial statements, document access, and payment management) and the Tenant Portal (for rent payment, maintenance requests, and communications). All technology-enabled services run on the AppFolio property management platform, which powers both the owner and tenant-facing online portal experiences.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Property Management
• Multifamily Property Management
• Commercial Brokerage
• Multifamily Brokerage
• Construction Management
• Mobile Home Park Management and Acquisition
• Owner Portal
• Tenant Portal

Quantifiable outcome

• Portfolio valued at over $1 billion managed
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature2 records

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Greystar Real Estate Partners: Largest multifamily property management and investment firm in the U.S., managing over 800,000 units globally. Comparable to ADR as a fee-based third-party manager serving institutional and private owners, though at vastly greater scale and broader geographic footprint.
• CBRE Group: Global commercial real estate services firm offering investment sales, leasing, and property management. Comparable to ADR's commercial brokerage + management offering, though operating at significantly greater scale and breadth.
• Lincoln Property Company: Diversified real estate services firm managing residential, commercial, and mixed-use properties across the U.S. and Europe. Comparable in offering a single-source management + brokerage + construction model to property owners.
• Kennedy Wilson: Global real estate investment and services firm with property management operations in the U.S., U.K., and Ireland. Comparable for combining investment ownership, property management, and brokerage services under one platform with a California-heavy book.
• Cushman & Wakefield: Global commercial real estate services platform with property management, valuation, and investment sales capabilities. Comparable to ADR as a diversified commercial real estate services provider for institutional and private owners.

Regional players

• HKA Enterprises (Hill Partnership / HKA Real Estate): Southern California commercial real estate firm providing brokerage, property management, and construction services to mid-market owners. Closely comparable to ADR's regional positioning, mid-market client base, and integrated service model.
• NAI Capital: Southern California-based commercial real estate services firm providing brokerage, property management, and investment advisory. Closely comparable to ADR by both geography (LA/SoCal) and service mix (commercial + multifamily + brokerage).
• Sares-Regis Group: Western U.S. real estate investment and property management firm focused on multifamily and commercial assets. Comparable for its regional California-heavy footprint and fee-based third-party management offering.

Direct peers

• FPI Management: Multifamily property management firm managing approximately 160,000+ units primarily across the Western U.S. Directly comparable to ADR's multifamily and mobile home park management practice in California.
• Marcus & Millichap: Commercial real estate investment sales and brokerage firm with a sizable property management arm (Marcus & Millichap Capital Advisors / MMI). Directly comparable to ADR's combined brokerage + property management go-to-market for commercial owners in California.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/BusinessAdr
• Facebookfacebook.com/ADRPreferredBusinessProperties
• LinkedInlinkedin.com/company/adr-preferred-business-services

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 ADR Preferred Business Properties