Pine Properties

What Pine Properties does

Pine Properties, Inc. is a privately held, family-owned property management and rental housing company headquartered at 183 Pine Street in Lowell, Massachusetts. Founded approximately in 1984, the firm has operated continuously for more than four decades under family ownership, supplying residential property management and rental housing across six cities and towns in northeastern Massachusetts (Lowell, Dracut, Pepperell) and New Hampshire (Concord, Franklin, Laconia). Its portfolio comprises six named apartment communities — Oak Creek Apartments, Webster Heights, Keewaydin Pines, Pine Brook, Pepperell Pines, and additional Lowell, MA properties — offering primarily one- and two-bedroom units with amenities such as dishwashers, air conditioning, private balconies, laundry facilities, off-street parking, and included utilities on select properties.

The company operates its portfolio on the AppFolio Property Manager SaaS platform, which powers its Online Tenant Portal (available as web, iOS, and Android applications), an Owner Portal for property owners, online vacancy listings, application processing, and tenant screening. Technology is a third-party SaaS dependency rather than proprietary infrastructure, and no AI/ML capabilities, proprietary models, or developer-facing APIs are disclosed. Marketing and tenant acquisition are conducted through the company website and organic property-search visibility, with no paid acquisition channels, social media presence, or institutional marketing function indicated.

Pine Properties generates revenue through recurring monthly residential rents, with pricing varying by unit size, location, and amenity package. A disclosed example lists a two-bedroom unit at $1,725/month (water, sewer, and trash included; tenant-paid gas and electricity) on a 12-month lease with one-month security deposit and no application fee. The customer base is a fragmented long tail of individual residential tenants, with ancillary property-owner relationships supported through the Owner Portal. With 1-10 employees, no disclosed institutional investors, no funding rounds, and no M&A activity, the company operates as a stable, mature small business rather than a growth-stage enterprise.

Name

Pine Properties

Legal name

Pine Properties, Inc.

Website

https://pineproperties.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

1–10 employees

Short description

Pine Properties is a family-owned residential property management and rental housing company operating six apartment communities across northeastern Massachusetts and New Hampshire, serving individual residential tenants via the AppFolio-based tenant portal.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Property Managers (531311), Lessors of Real Estate (5311), Rental and Leasing Services (532)

SIC

Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Residential property management
• Apartment rentals
• Multi-family housing
• Rental housing services
• Tenant portal software

Headquarters

HQ city

Lowell

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Monthly Rental Income: Core revenue generated from monthly residential apartment rentals across multiple properties in Massachusetts and New Hampshire. Tenants pay rent on a recurring monthly basis through the online tenant portal.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Pine Properties owns, manages, and rents residential apartment units across six apartment communities in northeastern Massachusetts (Lowell, Dracut, Pepperell) and New Hampshire (Concord, Franklin, Laconia). The company provides long-term apartment rentals with in-unit and community amenities, 24-hour emergency maintenance, and digital tenant services via the AppFolio-powered Online Tenant Portal for rent payment, maintenance requests, and communication.

Product overview

Pine Properties offers a portfolio of residential rental properties across northeastern Massachusetts and New Hampshire, including six named apartment communities: Oak Creek Apartments in Concord, NH; Webster Heights in Franklin, NH; Keewaydin Pines in Laconia, NH; Pine Brook in Dracut, MA; Pepperell Pines in Pepperell, MA; and multiple properties in Lowell, MA. The company provides property management services supported by a tenant-facing Online Portal (available as web and mobile app for iOS and Android) for rent payments, maintenance requests, and communication, alongside an Owner Portal for property owners. All properties feature standard amenities including online rent pay, maintenance request systems, and emergency maintenance availability.

Differentiator

Problem solved

Functional benefit

Products and services

• Oak Creek Apartments Residential apartment community located at 1-72 Maplewood Lane, Concord, NH 03303, offering units including an 850 sqft two-bedroom at $1,725/month. Amenities include dishwashers, air conditioning, private balconies, garbage disposals, laundry facilities, barbecue area, playground, community garden, off-street parking, online rent pay, online work orders, 24-hour emergency maintenance, 12 acres of grounds, ceiling fans, wall-to-wall carpeting, and window treatments. Targeted at individuals and families seeking rental housing near Concord, NH.
• Webster Heights Residential apartment community in Franklin, NH offering four modern floor plans with free heat and hot water, air conditioning, and a wooded lot setting. Targeted at tenants seeking rental housing in the Franklin, NH area.
• Keewaydin Pines Residential apartment community at 180-182 Blueberry Ln, Laconia, NH, featuring mostly two-bedroom apartments with heat included, set in the Lakes Region among lakes and mountains. Targeted at tenants seeking rental housing in the Laconia, NH area.
• Lowell, MA Properties Multiple apartment locations across Lowell, Massachusetts, ideally located near I-93 and I-495 with access to Boston and southern New Hampshire. Targeted at tenants seeking rental housing in the Lowell, MA area.
• Pine Brook Residential community at 60-66 School St, Dracut, MA, offering large two-bedroom apartments with heat, hot water, and cooking included. Located near UMASS Lowell and Lowell General Hospital. Targeted at tenants seeking rental housing in the Dracut, MA area.
• Pepperell Pines Spacious one- and two-bedroom apartments at 13 Shawnee Rd, Pepperell, MA, featuring heat and hot water included, modern living spaces, and access to the Nashua River Rail Trail. Targeted at tenants seeking rental housing in the Pepperell, MA area.
• Online Tenant Portal Web and mobile application (iOS and Android) for tenants to pay rent online, submit maintenance requests, view account information, and communicate with property management. Powered by AppFolio and available to current Pine Properties tenants.
• Owner Portal Web portal for property owners to access and manage their rental properties and financial information through the AppFolio Property Manager platform.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• AppFoliocoreTechnology or IntegrationAppFolio Property Manager powers Pine Properties' tenant portal functionality including online rent payment processing, maintenance request submission, tenant communications, and property listing management. The platform is used for both the tenant portal and owner portal access.

Scale indicators2 records

Recent moves5 records

Expansion highlights3 records

Regional players

• Princeton Properties: Family-owned multifamily owner/operator focused on New England apartment communities. Highly comparable in scale and operating model to Pine Properties, serving similar residential tenant base in adjacent northeastern geographies.
• Chestnut Hill Realty: New England multifamily owner and operator managing apartments across Massachusetts. Closely matches Pine Properties on geography, product type, and residential rental focus.
• The Dolben Company: New England-based apartment owner and manager operating a portfolio of multifamily communities. Comparable to Pine Properties in regional focus and garden-style apartment product type.

Broad incumbents

• Equity Residential: Public apartment REIT with urban and suburban multifamily holdings in major U.S. metros. Same residential tenant category but institutional scale and capital access differ materially from Pine Properties.
• AvalonBay Communities: Public apartment REIT with a large U.S. multifamily portfolio including New England. Overlapping customer segment and product offering, but a publicly traded institution rather than a regional operator.
• Greystar Real Estate Partners: Largest U.S. apartment property manager with global multifamily operations. Overlaps with Pine Properties in residential rental management but operates at vastly greater scale across geographies.
• Harbor Group Management: National multifamily and commercial property manager. Comparable in the underlying property-management service line, though broader in scope and considerably larger than Pine Properties.

Others

• AppFolio: Cloud-based property management software vendor powering Pine Properties' tenant and owner portals. Adjacent ecosystem participant enabling Pine Properties' operational capability rather than a direct competitor.

Direct peers

• Bozzuto Group: Mid-Atlantic and Northeast multifamily property manager and developer with a comparable garden-style apartment portfolio. Comparable in operating model, though broader in geographic reach than Pine Properties.
• WinnCompanies: Boston-headquartered multifamily property manager and developer with a substantial New England portfolio. Directly comparable in terms of regional focus, multifamily operating model, and tenant base, though at considerably greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/pineproperties
• LinkedInlinkedin.com/company/loosigian-ralph-j-atty

Revenue estimate

Valuation estimate

Number of profiles

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 Pine Properties