Acorn Property Management
Acorn Property Management, LTD is a Chicago-based, founder-owned property management firm managing 100-plus residential, commercial, and industrial rental properties across 20-plus Chicago neighborhoods for both property owners and tenants since 1985.
- Company typePrivate
- Founded1985
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Acorn Property Management does
Acorn Property Management, LTD is a privately held, founder-owned property management company headquartered at 1819 West Grand Avenue, Chicago, Illinois. Founded in 1985 by Robert Markey, who entered property development in 1969 with the renovation and resale of a Lincoln Park 3-flat, Acorn manages more than 100 rental properties across 20-plus Chicago neighborhoods. The portfolio spans residential apartments, condominiums, and commercial and industrial buildings, covering neighborhoods such as Beverly, Bucktown, Edgewater, Garfield Park, Humboldt Park, Lakeview, Lincoln Park, Lincoln Square, Little Italy, Logan Square, Rogers Park, Roseland, South Shore, Ukrainian Village, Washington Park, West Town, and Wicker Park.
The company serves two primary customer sets: end tenants (residential renters and business owners seeking commercial space) and property owners (both investors and self-owners) who contract Acorn for full-service management. Operations run on the Appfolio platform for tenant management, online rent payment, and maintenance request intake, supplemented by an in-house broker team including Managing Broker Noel Bushala, Broker Marti Siler, and brokers Jayne Ramos, David Trobe, and Olivia Hobson. The company differentiates via pet-friendly rental policies (including dogs), 24/7 emergency maintenance contact, and a near-four-decade local reputation.
The revenue model is a managed-services structure: Acorn charges management fees to property owners based on the rent collected across its portfolio, with ancillary fees from tenants for applications, lockouts, returned checks, and other administrative services (e.g., $40 non-refundable application fee, $65 lockout entry fee). Pricing is not publicly disclosed and varies by property type, size, and location. The company employs 11–50 people, has no disclosed external investors or funding rounds, operates without a parent company or subsidiaries, and shows no mergers, acquisitions, regulatory actions, or patents beyond its registered brand identity in the available record.
Acorn Property Management firmographics
Firmographics- Name
- Acorn Property Management
- Legal name
- Acorn Property Management, LTD
- Website
- https://acornpm.com
- Company type
- Private
- Founded year
- 1985
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Acorn Property Management, LTD is a Chicago-based, founder-owned property management firm managing 100-plus residential, commercial, and industrial rental properties across 20-plus Chicago neighborhoods for both property owners and tenants since 1985.
- Ownership category
- akta.pro rank
Acorn Property Management industry classification
Industry- Product category
- Residential and Commercial Property Management
- NAICS
- Residential Property Managers (531311), Real Estate Property Managers (53131), Nonresidential Property Managers (531312)
- SIC
- Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Residential Lease Administration & Tenant Services (BPAJAFAL)
- akta.pro secondary industries
- Office Property Management (BPAJAGAA), Retail Property Management (BPAJAGAB)
Keywords
Where Acorn Property Management is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Acorn Property Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Rental Property Management: Acorn Property Management generates revenue through managing rental properties for property owners (investor-owned and self-owned properties). The company handles apartments, condominiums, commercial and industrial buildings across their portfolio of over 100 properties in Chicago. Revenue comes from management fees charged to property owners.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Residential rental units - pricing varies by unit |
| Other | Pay-as-you-go | Application and administrative fees |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Acorn Property Management product offering
Product offeringCore offering
Acorn Property Management provides full-service property management for residential and commercial properties across Chicago, Illinois. The company handles tenant placement, lease administration, rent collection, maintenance coordination, and financial reporting on behalf of property owners, currently overseeing more than 100 properties across 20+ Chicago neighborhoods. It also offers tenants an online portal for rent payment, maintenance requests, and lease management.
Product overview
Acorn Property Management offers a comprehensive property management platform serving the Chicago rental market. The company manages a portfolio of over 100 properties including residential apartments, condominiums, and commercial/industrial buildings across more than 20 Chicago neighborhoods. Their core service includes property listing and tenant placement, backed by tenant-facing services such as online rent payment, maintenance request submission, and a tenant handbook. The product portfolio consists of residential property management, commercial property management, property search/listings, and an online tenant services platform.
Differentiator
Problem solved
Functional benefit
Products and services
- Residential Property Management
- Commercial Property Management
- Tenant Placement and Leasing
- Maintenance Coordination
- Online Tenant Portal (AppFolio)
Companies that use Acorn Property Management
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
Acorn Property Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Acorn Property Management partnerships and signals
Strategic signalScale indicators4 records
Recent moves5 records
Expansion highlights4 records
Acorn Property Management competitors and assessment
Company assessmentDirect peers
- Peak Properties: Chicago-based residential property management firm focused on apartment buildings and condominium associations across multiple Chicago neighborhoods. Comparable to Acorn in its Chicago-centric residential management focus and similar mid-market owner/tenant customer base.
- Planned Companies: Property management company serving residential and mixed-use buildings with on-site staff and maintenance services. Comparable to Acorn's full-service property management model for small and mid-sized property owners.
- The Habitat Company: Chicago-based residential property management and development firm with portfolio of multifamily properties. Comparable to Acorn through its Chicago-focused residential management focus on similar owner and tenant segments.
- Village Green: Mid-sized property management company with significant Chicago presence managing apartments and residential rental communities. Directly comparable to Acorn in residential apartment management, though at larger scale.
- RMK Management Corp: Chicago-based property management firm specializing in multifamily residential and condominium management. Comparable to Acorn in core residential property management services and Chicago geographic focus.
Broad incumbents
- Greystar Real Estate Partners: Largest U.S. apartment property management and rental housing operator with extensive Chicago presence. Represents the institutional-scale competitor Acorn competes against for larger owner mandates, but operates at vastly greater scale.
- Lincoln Property Company: National residential and commercial property management firm with multifamily operations across major U.S. markets including Chicago. A broader incumbent offering similar services but at institutional scale Acorn does not match.
Others
- AppFolio: Property management software platform used by Acorn for tenant management, maintenance, and rent payments. Technology vendor/ecosystem participant whose platform enables Acorn's operations rather than a direct competitor.
Emerging players
- Cedar Management Group: HOA and community association management firm with a significant Chicago-area presence. Adjacent comparator to Acorn's residential management services, though focused on condominium and HOA associations rather than apartments.
Regional players
- @Properties: Chicago-headquartered real estate brokerage and property management firm operating primarily in the Chicago metro. Comparable to Acorn through its Chicago property management arm, though it is better known for brokerage services.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Acorn Property Management social profiles
Digital presenceAcorn Property Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Acorn Property Management leadership team
Management profileNumber of profiles
Profiles6 records
Acorn Property Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Acorn Property 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 Acorn Property Management
What does Acorn Property Management do?
Acorn Property Management provides full-service property management for residential and commercial properties across Chicago, Illinois. The company handles tenant placement, lease administration, rent collection, maintenance coordination, and financial reporting on behalf of property owners, currently overseeing more than 100 properties across 20+ Chicago neighborhoods. It also offers tenants an online portal for rent payment, maintenance requests, and lease management.
Is Acorn Property Management a public or private company?
Acorn Property Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Acorn Property Management founded?
Acorn Property Management was founded in 1985. It employs 11 to 50 people.
Where is Acorn Property Management based?
Acorn Property Management is headquartered in Chicago, United States, in the North America region.
How does Acorn Property Management make money?
One revenue line is on record: rental Property Management.
Who are Acorn Property Management's main competitors?
Direct peers on record are Peak Properties, Planned Companies, The Habitat Company, Village Green and RMK Management Corp. Broad incumbents are Greystar Real Estate Partners and Lincoln Property Company. AppFolio is listed as an others. Cedar Management Group is listed as an emerging player. @Properties is listed as a regional player.
Does Acorn Property Management have an API?
No public API is recorded for Acorn Property Management.
What industry is Acorn Property Management in?
Acorn Property Management's product category is Residential and Commercial Property Management. Its primary akta.pro industry code is BPAJAFAL, Residential Lease Administration & Tenant Services, with a secondary code of BPAJAGAA, Office Property Management. Its NAICS code is 531311 and its SIC code is 6513.