Spaces Management
Spaces Management (Spaces Realty, LLC) provides property management, development, HOA management, and real estate brokerage services for residential real estate, centered on student housing in Tuscaloosa, Alabama and expanding across the Southeast and Tennessee.
- Company typePrivate
- Founded2005
- HeadquartersTuscaloosa, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Spaces Management does
Spaces Management, operating through the legal entity Spaces Realty, LLC, is a residential real estate services firm headquartered in Tuscaloosa, Alabama, founded in 2005 by Andy Turner. The company delivers six integrated service lines: student housing management, single-family rental management, condominium and homeowners association (HOA) management, conventional multi-family management, real estate brokerage (under Spaces Realty), and real estate development covering student housing, multi-family, office, and hospitality product types. Its core operations are concentrated around the University of Alabama market, with an expanding footprint that includes Huntsville and Starkville (Mississippi) in the Southeast, plus brokerage activity in Memphis, Austin, and Tennessee (Nashville, Knoxville, Chattanooga).
The business is structured around four delivery departments that can operate independently or in combination, providing customers a vertically integrated solution spanning site selection, acquisition, entitlements, financing, pre-leasing, project completion, stabilization, and disposition. Spaces manages a named property portfolio including The Walk, Blue Haus, Highland House, The Walk Starkville, The Bluff at Waterworks Landing, The Nine at Tuscaloosa, The Nine at Memphis, and The Nine at West Campus, with the 251-bed The Walk development winning the 2021 SHB Innovator Award for Best New Development Under 400 Beds. Technology consists of a full-service in-house marketing platform for creative design, printing, and digital media execution; no proprietary property management software, APIs, or AI capabilities are publicly disclosed.
Spaces generates revenue through four primary streams: managed services fees across student housing, single-family rentals, multi-family, and association management; transaction-based brokerage commissions via Spaces Realty; professional services fees from development engagements (acquisition through disposition); and ancillary marketing services embedded in management contracts. Pricing is quote-based and customized per property portfolio. Distribution relies on direct enterprise sales targeting developers, owners, and association boards; website lead capture via spacesmanagement.com; rental search via spacesrentals.com; and referral generation through industry conference participation (NMHC/InterFace) and professional association memberships (IREM, NAR, NARPM, CAI, AAMC). The firm is privately held with no external funding rounds or institutional investors identified.
Spaces Management firmographics
Firmographics- Name
- Spaces Management
- Legal name
- Spaces Realty, LLC
- Website
- https://spacesmanagement.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Spaces Management (Spaces Realty, LLC) provides property management, development, HOA management, and real estate brokerage services for residential real estate, centered on student housing in Tuscaloosa, Alabama and expanding across the Southeast and Tennessee.
- Ownership category
- akta.pro rank
Spaces Management industry classification
Industry- Product category
- Residential Property Management
- NAICS
- Residential Property Managers (531311), Real Estate Property Managers (53131), Lessors of Residential Buildings and Dwellings (53111)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Operators Of Apartment Buildings (6513), Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Student Housing Property Management (BPAJAFAF)
Keywords
Where Spaces Management is headquartered
LocationHeadquarters
- HQ city
- Tuscaloosa
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Spaces Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain, Technology or R&D
Revenue model
- Property Management Services: Core revenue stream from managing residential properties including student housing, single-family rentals, and conventional multi-family housing. Services include budget development and management, marketing and advertising, owner relations, daily operations, financial reporting, resident relations, lease administration, facility management, and maintenance.
- Association Management Services: Condominium and homeowners association management services through their dedicated division at spacesassociations.com.
- Real Estate Brokerage: Real estate sales and brokerage services operating under Spaces Realty, LLC.
- Development Services: Property development services including site selection, acquisition, entitlements, financing, pre-leasing, project completion, stabilization, and disposition for student housing, conventional multi-family, office, and hospitality developments.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Spaces Management product offering
Product offeringCore offering
Spaces Management provides third-party property management, association management, real estate brokerage, and development services for residential real estate owners and developers. The company manages student housing, single-family rentals, conventional multi-family housing, and condominium/homeowners associations, complemented by a full-service in-house marketing platform and a brokerage operating as Spaces Realty, LLC.
Product overview
Spaces Management is a residential real estate management company operating as a single unified platform. It offers six integrated service lines: Student Housing Management, Single-Family Rentals, Association/HOA Management, Multi-Family Housing Management, Real Estate Brokerage, and Development. These services are delivered through four distinct internal departments that can provide individual services or combine full expertise for comprehensive solutions spanning site selection, acquisition, entitlements, financing, pre-leasing, project completion through stabilization, and disposition. The company manages a portfolio of named properties including The Walk, Blue Haus, Highland House, The Walk Starkville, The Bluff at Waterworks Landing, The Nine at Tuscaloosa, The Nine at Memphis, and others.
Differentiator
Problem solved
Functional benefit
Brands
- Spaces Associations: Condominium and Association Management Services division
- Spaces Rentals
Products and services
- Student Housing Management Third-party property management services for student housing properties near major universities, including budget development, marketing, owner relations, daily operations, financial reporting, resident relations, lease administration, facility management, and maintenance, supported by a full-service marketing platform.
- Single-Family Rentals Management Property management services for single-family residential rental properties, including tenant placement, maintenance coordination, and financial reporting for individual investors and small rental portfolio owners.
- Association Management Condominium and homeowners association management services, including on-site management, financial oversight, vendor coordination, governance support, and community relations. Delivered through the AAMC-accredited Spaces Associations division.
- Multi-Family Housing Management Management of conventional multi-family residential properties, including budget development, marketing, owner relations, daily operations, financial reporting, resident support, lease administration, and facility maintenance.
- Real Estate Brokerage (Spaces Realty, LLC) Real estate sales and brokerage services including residential property sales, leasing representation, and transaction management for buyers and sellers, with specialization in luxury condominiums near the University of Alabama.
- Real Estate Development Services
Companies that use Spaces Management
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles4 records
Spaces Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Spaces Management partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- Elite BuildingcoreDevelopment partner for The Walk student housing project at University of Alabama. Elite Building contributed to the construction and development of this award-winning 4-story, 251-bed student housing property that redefined the University of Alabama student housing experience.
- F3 FurniturecoreFurniture partner for The Walk student housing development project. Provided furniture solutions for the boutique-style apartments uniquely created for students with style.
- South Park InteriorscoreInterior design partner for The Walk student housing project, contributing to the posh, boutique-style aesthetic of the development.
- Poole & Company ArchitectscoreArchitecture firm partner for The Walk student housing development. Responsible for the design and architectural planning of the award-winning property.
- GRO MarketingcoreDigital marketing agency partner for The Walk project and ongoing marketing partner. Also developed Spaces' own office building in 2021. GRO Marketing is a full-service digital marketing agency.
- ETI MultifamilycoreJoint development partner for The Bluff at Waterworks Landing project in 2008. Spaces Leadership and ETI Multifamily jointly developed the 162-unit, 308-bed property along the Black Warrior River.
Scale indicators3 records
Recent moves8 records
Expansion highlights5 records
Spaces Management competitors and assessment
Company assessmentDirect peers
- RPM Living: National multifamily and student housing management company. Comparable in offering third-party management services across residential asset types with a focus on operational excellence and technology enablement.
- Asset Living: One of the largest third-party property managers in the U.S. with deep student housing and multifamily exposure. Directly comparable as a residential-focused management platform pursuing national scale, with stronger technology investment.
- The Worthing Company: Regional real estate developer and manager in the Southeast with student housing and multifamily focus. Comparable in size, geography (university markets), and integrated development-plus-management model.
- Capstone Management Partners: Student housing-focused third-party manager with concentration in the Southeast and SEC university markets. Closely comparable in target customers, geography, and service offering to Spaces Management's student housing division.
- FirstService Residential: Largest residential property manager in North America with strong HOA/condominium association focus. Directly comparable to Spaces Management's association management and HOA service line.
- HomeRiver Group: National single-family rental property manager serving institutional and individual landlords. Comparable in offering single-family rental management services to similar customer segments.
- FPI Management: Multifamily and affordable housing property manager operating nationally. Comparable in third-party residential management services with similar vertically integrated operating model.
Broad incumbents
- Greystar Real Estate Partners: Largest global residential property manager and developer. Operates student housing, multifamily, and student apartments at massive scale, representing the scaled incumbent Spaces Management competes against for institutional contracts.
- Bozzuto: Diversified residential real estate services firm offering property management, development, and construction across multifamily and student housing. Comparable integrated platform at significantly larger scale.
- Lincoln Property Company: Diversified real estate services firm with multifamily management, student housing, and development operations. Comparable across multiple Spaces Management service lines at materially larger scale.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Spaces Management social profiles
Digital presenceSpaces Management compliance and trust
Trust signalCompliance9 records
Spaces Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Spaces Management leadership team
Management profileNumber of profiles
Profiles7 records
Spaces Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Spaces Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Spaces Management
What does Spaces Management do?
Spaces Management provides third-party property management, association management, real estate brokerage, and development services for residential real estate owners and developers. The company manages student housing, single-family rentals, conventional multi-family housing, and condominium/homeowners associations, complemented by a full-service in-house marketing platform and a brokerage operating as Spaces Realty, LLC.
Is Spaces Management a public or private company?
Spaces Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Spaces Management founded?
Spaces Management was founded in 2005. It employs 11 to 50 people.
Where is Spaces Management based?
Spaces Management is headquartered in Tuscaloosa, United States, in the North America region.
How does Spaces Management make money?
Four revenue lines are on record. Property Management Services are the primary driver. The others are association Management Services, real Estate Brokerage and development Services.
Who are Spaces Management's main competitors?
Direct peers on record are RPM Living, Asset Living, The Worthing Company, Capstone Management Partners, FirstService Residential, HomeRiver Group and FPI Management. Broad incumbents are Greystar Real Estate Partners, Bozzuto and Lincoln Property Company.
Does Spaces Management have an API?
No public API is recorded for Spaces Management.
What industry is Spaces Management in?
Spaces Management's product category is Residential Property Management. Its primary akta.pro industry code is BPAJAFAF, Student Housing Property Management. Its NAICS code is 531311 and its SIC code is 6531.