Riverton Community Housing
- Company typePrivate
- Founded1973
- HeadquartersMinneapolis, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
Riverton Community Housing firmographics
Firmographics- Name
- Riverton Community Housing
- Legal name
- Riverton Community Housing
- Website
- https://riverton.org
- Company type
- Private
- Founded year
- 1973
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Riverton Community Housing industry classification
Industry- Product category
- Affordable Cooperative Housing
- NAICS
- Rooming and Boarding Houses, Dormitories, and Workers' Camps (72131)
- SIC
- Operators Of Apartment Buildings (6513), Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Cooperative (Co-op) Housing Association Management (BPAJAHAC)
- akta.pro secondary industries
- Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC), Housing & Neighborhood Services (Local Housing Programs) (BPAIACAJ)
Keywords
Where Riverton Community Housing is headquartered
LocationHeadquarters
- HQ city
- Minneapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Riverton Community Housing business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Others
Revenue model
- Residential Unit Rentals: Monthly rental income from 578 housing units across 7 cooperative communities. Rents are set at cost to cover operating expenses, resulting in below-market pricing. Studios range from $500-$750, 2-bedroom units $750-$1000, 3+ bedroom units $1000+. Security deposits required ($500-$1000 based on unit size).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Franklin Housing Co-op 2 Bedroom: $750/month + utilities |
| Subscription | Monthly | Fourth Street Housing Co-op: $750-1000/month |
| Subscription | Monthly | Cole Townhomes Co-op: $1000/month |
| Subscription | Monthly | Chateau Student Housing Co-op: $1000/month for 3-4 bedroom |
| Subscription | Monthly | Marcy Park Student Housing Co-op: $500 deposit for studio-1 bed |
| Subscription | Monthly | Brook Avenue Housing Co-op: Utilities included options |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Riverton Community Housing product offering
Product offeringCore offering
Riverton Community Housing manages 578 housing units across seven cooperative communities in Minneapolis, primarily serving University of Minnesota students and non-students with affordable, member-governed housing. Units range from studios to four-bedroom apartments and townhomes, leased monthly at cost-based pricing 30-50% below surrounding market rates, with residents holding voting membership and board representation in their communities.
Product overview
Riverton Community Housing operates a portfolio of six owned cooperative housing communities and one external partnership, offering affordable student and mixed-income housing near the University of Minnesota campuses in Minneapolis. The communities include Brook Avenue, Chateau (the flagship 20-story high-rise), Cole Townhomes, Fourth Street, Franklin, and Marcy Park, providing studios to 4-bedroom units with various amenities. All communities operate under member-governed cooperative principles where residents have a voice in community decisions. A centralized AppFolio-powered digital portal provides residents access to rent payments, maintenance requests, and account management.
Differentiator
Problem solved
Functional benefit
Products and services
- Brook Avenue Housing Co-op Modern apartment community in Southeast Como offering studios and 1-3 bedroom units with in-unit washer/dryer, dishwasher, modern kitchens, fitness center, study lounges, indoor bike storage, EV charging stations, shared cars, and Luxor automated package management system. Pet-friendly cooperative housing community.
- Chateau Student Housing Co-op Dinkytown's 20-story flagship student cooperative offering studio to 4-bedroom apartments steps from University of Minnesota. Features fully equipped kitchens, skyline views, rooftop deck, fitness center, basketball court, and first-floor restaurants. Has maintained a waitlist since opening in 1973.
- Cole Townhomes Co-op
Quantifiable outcome
- 578 housing units managed across 7 cooperative communities in Minneapolis
- +2 more outcomes
Companies that use Riverton Community Housing
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles2 records
Riverton Community Housing technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature4 records
Riverton Community Housing partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- All Energy SolarcoreIn 2021, partnered with All Energy Solar to install 400kW of rooftop solar panels on Brook Avenue, Fourth Street, and Franklin Housing Co-ops. This collaboration significantly reduced carbon emissions and energy costs while generating Renewable Energy Credits. The solar installations have exceeded initial energy production forecasts.
- National Cooperative Business Association CLUSA International (NCBA CLUSA)coreRiverton became an official member of NCBA CLUSA International, connecting with a global network of cooperatives dedicated to advancing the cooperative movement. This membership reinforces commitment to the seven Cooperative Principles and provides resources for community engagement.
- UrbanWorks ArchitecturecoreSilver sponsor of 50th Anniversary. Instrumental in designing co-op properties, bringing expertise in affordable housing design and community-focused architecture.
- USI Insurance ServicescoreSilver sponsor providing insurance services for co-ops, protecting properties and enabling successful endeavors through comprehensive coverage.
- Frana ConstructioncoreSilver sponsor with instrumental role in building and constructing co-op properties, contributing to successful project completions.
- Metropolitan Consortium of Community Developers (MCCD)coreWorking closely with MCCD on critical co-op legislation in Minnesota. Collaborating on policy initiatives including the Affordable Housing Cooperative Technical Assistance Fund ($5M proposal) and Affordable Homeownership Cooperative Down Payment Assistance Fund ($25M proposal).
- National Farmers UnionminorHost of College Conference on Cooperatives (CCOC) in Minneapolis. Riverton participated by providing guided tours of local co-ops to students from around the country learning about cooperative business models.
- Project DinkytownminorUniversity of Minnesota student organization dedicated to enhancing Dinkytown neighborhood through cleanups and infrastructure assessments. Riverton supports their mission aligned with cooperative principles and Concern for Community.
Scale indicators4 records
Recent moves10 records
Expansion highlights4 records
Riverton Community Housing competitors and assessment
Company assessmentDirect peers
- Aeon: Large Minneapolis-based nonprofit that owns, develops, and manages affordable rental housing across the Twin Cities metro. Directly comparable as a nonprofit affordable housing operator with a portfolio approach similar to Riverton's multi-property model.
- Project for Pride in Living (PPL): Minneapolis nonprofit providing affordable housing and family services across multiple properties. Comparable mission, geography, and resident-services overlay to Riverton's community-governed model.
- YWCA Minneapolis: Operates affordable housing units in Minneapolis as part of a broader social services mission. Comparable as a nonprofit housing provider in the same metro serving residents who need below-market housing options.
- Hope Community: Minneapolis-based nonprofit developer and operator of affordable rental housing emphasizing resident voice and community leadership. Closely aligned with Riverton's cooperative, member-engagement-driven approach.
- Common Bond Communities: Minneapolis-based nonprofit affordable housing provider operating multiple apartment communities serving students, families, and low-income residents. Closely comparable to Riverton in mission (affordable housing nonprofit), geography (Twin Cities), and customer base (residents seeking below-market rents).
Broad incumbents
- American Campus Communities (Blackstone): Large publicly affiliated student housing operator with national portfolio including Minneapolis-area properties. Comparable as a student housing operator near major university campuses, though pursuing a for-profit, purpose-built model versus Riverton's cooperative nonprofit model.
- Habitat for Humanity Twin Cities: Regional affiliate of a national nonprofit building affordable homeownership housing in the Twin Cities. Comparable as a nonprofit affordable-housing organization in the same metro focused on expanding supply for lower-income residents.
- National Association of Housing Cooperatives (NAHC): National trade and advocacy body representing housing cooperatives across the United States. Comparable as the broader ecosystem for cooperative housing governance, advocacy, and best-practice standards that Riverton participates in.
- EdR / Greystar Student Housing: National student housing owner/operator (Greystar acquired EdR) operating near major universities including properties near the University of Minnesota. Comparable as a competing student housing provider targeting the same U of M student demographic.
Regional players
- Roosevelt Property Management (U of M): University of Minnesota's on-campus student housing operation. Comparable as the primary institutional housing option for the same U of M student customer segment that Riverton targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks3 records
Key highlights3 records
Customer concentration
Riverton Community Housing social profiles
Digital presenceRiverton Community Housing financial estimates
Financial estimateRevenue estimate
Valuation estimate
Riverton Community Housing leadership team
Management profileNumber of profiles
Profiles5 records
Riverton Community Housing subsidiaries and ownership
Company hierarchySubsidiaries6 records
Riverton Community Housing funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Riverton Community Housing 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 Riverton Community Housing
What does Riverton Community Housing do?
Riverton Community Housing manages 578 housing units across seven cooperative communities in Minneapolis, primarily serving University of Minnesota students and non-students with affordable, member-governed housing. Units range from studios to four-bedroom apartments and townhomes, leased monthly at cost-based pricing 30-50% below surrounding market rates, with residents holding voting membership and board representation in their communities.
Is Riverton Community Housing a public or private company?
Riverton Community Housing is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Riverton Community Housing founded?
Riverton Community Housing was founded in 1973. It employs 11 to 50 people.
Where is Riverton Community Housing based?
Riverton Community Housing is headquartered in Minneapolis, United States, in the North America region.
How does Riverton Community Housing make money?
One revenue line is on record: residential Unit Rentals.
Who are Riverton Community Housing's main competitors?
Direct peers on record are Aeon, Project for Pride in Living (PPL), YWCA Minneapolis, Hope Community and Common Bond Communities. Broad incumbents are American Campus Communities (Blackstone), Habitat for Humanity Twin Cities, National Association of Housing Cooperatives (NAHC) and EdR / Greystar Student Housing. Roosevelt Property Management (U of M) is listed as a regional player.
Does Riverton Community Housing have an API?
No public API is recorded for Riverton Community Housing.
What industry is Riverton Community Housing in?
Riverton Community Housing's product category is Affordable Cooperative Housing. Its primary akta.pro industry code is BPAJAHAC, Cooperative (Co-op) Housing Association Management, with a secondary code of BPAGALAC, Affordable Housing & Community Development (Housing, Community Land Trusts). Its NAICS code is 72131 and its SIC code is 6513.