Bakken Communities

What Bakken Communities does

Bakken Communities, LLC is a privately held real estate developer operating exclusively in Watford City, North Dakota. The company was formed to acquire, develop, own, finance, and manage approximately 15 acres of vacant land in McKenzie County, at the center of the Bakken Formation oil field region. It executes three product lines: Hillside at Hunters Run Apartments (75 furnished two and three bedroom units across 15 two-story buildings on 5.21 acres), Storage 85 (a 76,330 sq ft self-storage facility with 512 units plus open vehicle parking on a six-acre parcel), and the planned Meadows II Industrial site (four pre-engineered metal industrial buildings of ~12,000 sq ft each on a 9-acre parcel, totaling up to 48,000 sq ft). The technology is largely physical — pre-engineered metal construction with architectural features including overhangs, glass storefronts, steel canopies, insulated overhead doors, drive-thru bays, and structural provisions for bridge cranes.

The company generates revenue through three streams: subscription-recurring monthly apartment leasing (subscription_recurring model), subscription-recurring monthly self-storage rental (subscription_recurring), and one-time industrial building sales (one_time_license). Customers are regional and segmented: oil field workers and their families seeking furnished housing, residential and commercial tenants needing storage near the Bakken fields, and industrial buyers/lessees seeking manufacturing or warehousing space along the State Route 85 corridor. Go-to-market is direct-to-consumer via the corporate website, property-specific websites (Storage85.com, HillsideatHuntersRunApartments.com), and direct contact through the ND Regional Manager and corporate office. Storage 85 leasing operations are handled by ARGUS as a third-party property manager. The company is operationally a subsidiary or affiliated entity of 1784 Holdings, sharing email domains and contact infrastructure.

Name

Bakken Communities

Legal name

Bakken Communities, LLC

Website

https://bakkencommunities.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Bakken Communities, LLC is a privately held real estate developer in Watford City, North Dakota, that develops, owns, and manages furnished apartments, self-storage facilities, and industrial buildings serving oil field workers, residents, and industrial tenants in the Bakken Formation region.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Land Subdivision (23721), Land Subdivision (237210), Residential Property Managers (531311), Rental and Leasing Services (532)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Build-to-Rent (BTR) Community Management (BPAJAFAC)

Keywords

• Real estate development
• Residential apartments
• Self storage facilities
• Industrial property development
• Vacant land development

Headquarters

HQ city

Scottsdale

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Apartment Leasing: Monthly rental revenue from furnished apartment units at Hillside at Hunters Run, consisting of 75 two and three bedroom/two and three bath furnished units.
2. Self Storage Rental: Monthly rental revenue from 512 self storage units plus open parking storage for cars, boats, RVs, and trucks with trailers at Storage 85 facility.
3. Industrial Building Sales: Sale of industrial buildings on the Meadows II 9-acre parcel, with plans to develop and sell four industrial buildings of 12,000+/- square feet each, totaling up to 48,000 square feet.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Bakken Communities, LLC acquires, develops, owns, finances, and manages real estate in Watford City, North Dakota, focused on three integrated product lines: furnished residential apartments (Hillside at Hunters Run, 75 units), self-storage facilities (Storage 85, 512 units on a 76,330 sq ft site), and industrial buildings (Meadows II, up to 48,000 sq ft on a 9-acre parcel). The company handles full project lifecycle from vacant land acquisition through planning, design, municipal coordination, and ongoing operations management.

Product overview

Bakken Communities, LLC is a real estate developer offering three distinct property products in Watford City, North Dakota: Hillside at Hunters Run Apartments (75 furnished residential units), Storage 85 Self Storage (76,330 sq ft, 512 units plus vehicle parking), and Meadows II Industrial Site (48,000 sq ft of industrial space across 9 acres). The company handles all aspects of development from land acquisition through planning, design, development, and operations management.

Differentiator

Problem solved

Functional benefit

Products and services

• Hillside at Hunters Run Apartments A 75-unit apartment complex with 15 two-story buildings on 5.21 acres within the Hunters Run Master Planned Community in Watford City, ND, featuring furnished two-bedroom/two-bath and three-bedroom/three-bath apartment units intended for individuals and families seeking housing in the Bakken oil region.
• Storage 85 Self Storage A 76,330 square foot self storage facility on a six-acre parcel at the southern entrance to Watford City on Highway 85, featuring 512 self storage units plus open parking for vehicles, with 24-hour controlled access and security features, serving residential and commercial customers in the Bakken region (operationally managed by ARGUS for leasing).
• Meadows II Industrial Site A 9-acre industrial parcel adjacent to State Route 85 in Watford City, ND planned for four pre-engineered metal industrial buildings of approximately 12,000 square feet each (up to 48,000 sq ft total), with architectural features including overhangs with glass storefronts, steel canopies, insulated overhead doors, drive-thru bays, and structural provisions for bridge cranes, intended for sale to manufacturing, retail, hospitality, mining, and other industrial buyers.

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

Feature1 record

Partnerships

One partnership is on record.

• ARGUSoperationalImplementation/ SI/ Consulting PartnerARGUS manages Storage 85 self storage facility for leasing operations. Bakken Communities developed the facility and ARGUS handles day-to-day property management and tenant leasing.

Scale indicators6 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• CubeSmart: CubeSmart is a national self-storage REIT with 1,500+ facilities. While vastly larger, it operates the same self-storage business model as Storage 85 - monthly recurring rental revenue, similar unit economics, and security/access features - making it a relevant broad incumbent for benchmarking unit-level performance.
• Extra Space Storage: Extra Space Storage is the second-largest US self-storage REIT with 3,900+ facilities. Like Public Storage and CubeSmart, it provides a public peer reference for Storage 85's recurring-revenue storage rental model, although Extra Space operates entirely at national scale.
• Public Storage: Public Storage is the largest self-storage REIT in the US. Like CubeSmart, it provides a model and unit economics reference for Storage 85's 512-unit facility, though Public Storage operates at national scale rather than serving a single energy-driven micro-market.
• Camden Property Trust: Camden Property Trust is a multifamily REIT operating 170+ apartment communities with ~58,000 units. Comparable to Hillside at Hunters Run Apartments on the rental apartment operating model, though Camden operates at regional/national scale versus Bakken Communities' single 75-unit community.
• MAA (Mid-America Apartment Communities): MAA is a Sunbelt-focused multifamily REIT with 100,000+ units. Provides a public-market benchmark for the multi-family rental model Bakken Communities runs at Hillside at Hunters Run, with comparable unit-level revenue dynamics even though end-market drivers differ.

Emerging players

• First Industrial Realty Trust: First Industrial is an industrial REIT focused on light industrial and warehouse properties across the US. Comparable to the Meadows II industrial product (12,000 sq ft flex buildings with overhead doors and crane provisions) on building typology and tenant profile, though First Industrial's scale is dramatically larger.

Regional players

• Greystone Property Management: Greystone operates self-storage facilities across multiple US states including regional presence. Comparable to Storage 85 on the self-storage operating model, though Greystone is a multi-state operator while Bakken Communities is single-site.

Direct peers

• Target Hospitality: Target Hospitality provides workforce lodging, primarily to oil and gas, mining, and large industrial customers. Bakken Communities' furnished Hillside at Hunters Run apartments serve the same oil-field workforce housing need, albeit through build-and-lease rather than mobile units, making Target Hospitality the closest direct peer on customer and use case.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Bakken Communities