Justus

What Justus does

Justus Property Management Inc. is a full-service property management firm founded in 1989 by Steven K. Walters and headquartered in Whitestown, Indiana. The company manages more than 190 affordable apartment communities totaling over 5,000 units across Indiana, Kentucky, and Ohio, with a specialized focus on affordable housing programs including HUD, Rural Development, HOME, and Section 42 tax credits. The portfolio spans from small seven-unit communities to larger properties with hundreds of units, all serviced under a uniform operating model.

The company serves property owners and investors who own multi-family affordable housing communities, providing outsourced property management functions including tenant screening, lease management, rent collection, property maintenance, financial reporting, and regulatory compliance navigation. The second-order customer base comprises income-qualified residents seeking affordable rental housing in Indiana, Kentucky, and Ohio. Named managed properties include Pierceton Village Apartments, Marion Green Apartments, 23 South Apartments, Anderson Green Apartments, Apple Blossom Court Apartments, Aragon Apartments, and Westwind Apartments. Justus uses standard, non-proprietary property management software platforms for tenant screening, rent collection, maintenance tracking, and financial reporting; no proprietary technology, AI/ML features, APIs, or mobile applications are disclosed.

The revenue model is managed services: Justus charges property management fees to property owners for full-service management, while residents pay rent according to affordable housing guidelines tied to income levels. Pricing is not publicly disclosed. Distribution is sales-led and direct, targeting property owners and investors through the company website (organized by state), organic social media (Facebook, LinkedIn), and referrals within the property investment community. Individual property websites serve prospective residents for rental applications and online rent payment. The company is currently led by Mitch Walters as President, with Michael Dogger serving as Chief Financial Officer; ownership is founder/management-held with no institutional investors or parent company disclosed.

Name

Justus

Legal name

Justus Property Management Inc.

Website

https://justuspropertymanagement.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

51–100 employees

Short description

Justus Property Management Inc. is a Whitestown, Indiana-based full-service property management firm founded in 1989 that operates 190+ affordable apartment communities totaling 5,000+ units across Indiana, Kentucky, and Ohio, specializing in HUD, Rural Development, HOME, and Section 42 compliance for property owners and investors.

Ownership category

akta.pro rank

Product category

Affordable Housing Property Management

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131), Services to Buildings and Dwellings (5617)

SIC

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

akta.pro primary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

akta.pro secondary industries

Multifamily Apartment Property Management (BPAJAFAA), Affordable & Public Housing Asset Management (BPAJAMAI), Residential Real Estate Asset Management (BPAJAMAA)

Keywords

• Affordable housing management
• Multi-family property management
• Tenant screening services
• Affordable apartment leasing
• Regulatory compliance management

Headquarters

HQ city

Whitestown

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 Services: Full-service property management fees charged to property owners/investors for managing their affordable apartment communities. Services include tenant management, maintenance, financial reporting, and regulatory compliance navigation.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Justus Property Management provides full-service property management for affordable housing communities, including tenant screening, lease management, maintenance coordination, rent collection, financial reporting, and compliance with HUD, Rural Development, HOME, and Section 42 affordable housing programs. The firm manages 190+ affordable apartment communities totaling 5,000+ units across Indiana, Kentucky, and Ohio, serving property owners and investors while delivering safe, clean, affordable housing to income-qualified residents.

Product overview

Justus Property Management Inc. is a full-service property management firm offering unified property management services for affordable housing communities. The company manages a portfolio of 190+ affordable apartment communities totaling 5,000+ units across Indiana, Kentucky, and Ohio. The core service encompasses tenant screening, lease management, maintenance coordination, rent collection, and regulatory compliance with HUD, Rural Development, HOME, and Section 42 programs. Individual managed properties include Pierceton Village Apartments, Marion Green Apartments, 23 South Apartments, Anderson Green Apartments, Apple Blossom Court Apartments, Aragon Apartments, and Westwind Apartments, each offering residential housing with various amenities.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Services Full-service property management for affordable housing communities, including tenant screening, lease management, maintenance coordination, rent collection, financial reporting, and compliance with HUD, Rural Development, HOME, and Section 42 programs. Sold to property owners and investors seeking outsourced management of affordable apartment portfolios across Indiana, Kentucky, and Ohio.
• Pierceton Village Apartments Affordable apartment community located at 421 S Village St, Pierceton, IN 46562, with unit amenities including cable/internet ready, central heat and air, garbage disposal, and property amenities including landscaping, lobby, lawn care, and snow removal. For income-qualified residents seeking affordable rental housing.
• Marion Green Apartments Affordable multi-family community with 35 spacious two and three bedroom units featuring in-unit washer/dryer, stove, refrigerator, disposal, dishwasher, plus on-site business center and fitness center. For income-qualified residents in Marion, Indiana.
• 23 South Apartments Affordable apartment community located at 700 Indiana St, Walkerton, IN 46574. For income-qualified residents seeking affordable rental housing.
• Anderson Green Apartments Affordable apartment community located at 1422 N. Blacks Mill Rd, Rockville, IN 47872. For income-qualified residents seeking affordable rental housing.
• Apple Blossom Court Apartments Affordable apartment community located at 714 Morning Glory Dr, Scottsburg, IN 47170. For income-qualified residents seeking affordable rental housing.
• Aragon Apartments Affordable apartment community located at 1500 N 7th St, Clinton, IN 47843. For income-qualified residents seeking affordable rental housing.
• Westwind Apartments Affordable apartment community in Roachdale, IN offering 1 and 2 bedroom units in brick 4-plexes with kitchen appliances, air conditioning, spacious closets, beautiful landscaping, and community laundry area. For income-qualified residents seeking affordable rental housing.

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• The Community Builders: National nonprofit developer and manager of affordable and mixed-income housing. Comparable to Justus in its mission-driven affordable housing focus and Section 42 / HUD property management services, though operating at significantly larger scale.
• McCormack Baron Salazar: National developer and manager of affordable, mixed-income, and mixed-use properties, with strong presence in Midwestern cities. Comparable to Justus through its affordable housing focus and LIHTC / HUD compliance expertise.
• Pedcor Companies: Carmel, Indiana-based developer and manager of affordable and market-rate multifamily housing, with LIHTC-financed communities across the Midwest. Comparable to Justus in Indiana-based affordable housing development and management at a similar regional scale.
• Herman & Kittle Properties: Indianapolis-based owner, developer, and manager of affordable and market-rate multifamily housing across the Midwest. Closely comparable to Justus in geography, affordable housing focus, and LIHTC / HUD compliance expertise, with a similarly sized portfolio.
• Conifer Realty: Rochester, NY-based developer and manager of affordable and mixed-income multifamily housing in the Northeast and Midwest. Closely comparable in affordable housing specialization and LIHTC-focused property management, with a similar multi-state operating model.

Regional players

• Buckingham Companies: Indianapolis-based real estate investment, development, and property management firm operating multifamily and affordable housing across the Midwest. Comparable to Justus in Indianapolis footprint and affordable housing management services.
• Flaherty & Collins Properties: Indianapolis-based multifamily developer, owner, and manager operating across the Midwest. Comparable to Justus in Indianapolis headquarters and multifamily property management services, though with a stronger market-rate focus.
• Gene B. Glick Company: Indianapolis-based multifamily property management, development, and investment firm with affordable and market-rate housing across the Midwest. Comparable to Justus through its Indianapolis base, multifamily focus, and regional property management scale.

Broad incumbents

• The Michaels Organization: National affordable and market-rate housing owner, developer, and manager with a portfolio exceeding 80,000 units. Comparable to Justus through its deep affordable housing and LIHTC management expertise, but operating at much larger scale across the country.
• WinnCompanies: Boston-based national developer and manager of affordable, market-rate, and military housing with more than 100,000 units under management. Comparable to Justus in affordable housing and LIHTC specialization, but at significantly larger scale and broader geographic reach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php?id=100065667662332
• LinkedInlinkedin.com/company/justus-property-management-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Justus