What Property Advisors does

Property Advisors Group is a privately held, second-generation, family-owned commercial real estate development and property management firm headquartered in Pepper Pike, Ohio. Founded in 1986 by Rick Nosan, the firm was a pioneering developer of flex office/warehouse product in suburban Cleveland and has since expanded its portfolio to over one million square feet of multifamily, distribution, flex, industrial, office, and self-storage properties concentrated in Ohio, Indiana, and Massachusetts, with newer activity in coastal North Carolina. Operations span ground-up development, asset acquisition and disposition, ongoing property management, and commercial leasing, overseen by a six-member in-house team (President Rick Nosan, VP Development Brad Nosan, VP Operations and Strategy Greg Nosan, Construction and Project Manager Mike Nosan, plus a property manager and facilities manager).

The firm's product surface is a portfolio of distinct physical projects rather than a unified software product. Commercial product includes office and office/warehouse assets such as High Point Corporate Park (178,000 sq ft, Valley View), Southport Center (94,000 sq ft, Valley View), Rockside Business Point (115,000 sq ft, Valley View), Tuller Ridge Corporate Center (105,000 sq ft, Dublin), and 3245 Pickle Road (24,000+ sq ft, Green, OH). Residential product includes Baricelli Apartments (51 units, opened 2022, Little Italy), The Monroe (80 units, opened 2023, Little Italy), and 2025 deliveries The Park (107 units, Tremont), Franklin Yards (67 units, Ohio City, including historic Victorian mansion and YWCA redevelopment), and College and Professor Apartments (43-unit mixed-use, Tremont). Beacon Landing (108 units, Ocean Isle Beach, NC) extends the residential pipeline to a new state via a partnership with Cranwood Enterprises. No proprietary technology platform, API, or AI capability is mentioned across any source.

The business model combines development-for-hold rental income (multifamily and stabilized commercial), opportunistic development-for-sale (e.g., 55 Fisk Avenue sold 2022 for $9.3M return; 1 Lau Parkway sold 2022 for $2.5M return; 8211 Scicor Drive sold 2006 for $6.9M return), recurring property management fees on office/flex product, and transaction-driven leasing. Commercial leasing is executed both directly for smaller spaces and via tier-1 broker partnerships — CBRE for Tuller Ridge and Cushman Wakefield/Cresco Real Estate for Rockside Business Point. Capital and co-development structures include the wholly-owned City Six Development subsidiary (developer of The Monroe), co-developer Dalad Group (Franklin Yards, College and Professor), M. Panzica Development and Bluewater Capital (The Monroe), and Cranwood Enterprises (Beacon Landing). Pricing is not publicly disclosed; leasing inquiries are routed to brokers. Customer concentration is split between B2C multifamily residents (urban professionals and families in Cleveland's inner-ring neighborhoods and coastal NC) and B2B commercial tenants in office, flex, warehouse, distribution, and industrial segments.

Name

Property Advisors

Legal name

Property Advisors Group

Website

https://pagcommercial.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

1–10 employees

Short description

Property Advisors Group is a Cleveland-based, second-generation family-owned commercial real estate developer and property manager developing multifamily residential, office, flex, and warehouse properties across Ohio, Indiana, Massachusetts, and North Carolina.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Residential Property Managers (531311), Nonresidential Property Managers (531312), Real Estate Property Managers (53131)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

Keywords

• Commercial real estate development
• Multifamily property development
• Property management services
• Office warehouse leasing
• Ground-up construction

Headquarters

HQ city

Beachwood

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales

Revenue model

1. Real Estate Development: The company develops multifamily and commercial properties and sells or retains them for rental income. Brad Nosan has helped develop over $100 million in assets since joining the firm. The company also develops properties in partnership with other entities.
2. Property Management: Day-to-day management of office and flex properties, tenant relations, and property maintenance services.
3. Commercial Leasing: Leasing of office, warehouse, flex, and industrial spaces to tenants. The company oversees over 400,000 square feet of office and flex space.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

Core offering

Property Advisors Group is a commercial real estate developer and property manager that acquires, develops, leases, and manages multifamily residential, office, flex, warehouse, distribution, industrial, and self-storage properties. The firm oversees more than one million square feet across Ohio, Indiana, Massachusetts, and coastal North Carolina, with recent emphasis on ground-up multifamily projects in Cleveland's inner-ring neighborhoods. Operations include leasing through direct channels and broker partners such as CBRE and Cushman Wakefield.

Product overview

Property Advisors Group is a commercial real estate development company operating as a portfolio of distinct property offerings rather than a unified software product. The company's portfolio spans multiple property types including multifamily residential developments (The Park, Franklin Yards, College and Professor Apartments, Beacon Landing, The Monroe, Baricelli Apartments), office properties (High Point Corporate Park, Southport Center, 3245 Pickle Road), and office/warehouse facilities (Rockside Business Point, Tuller Ridge Corporate Center). These are real estate development projects with no software product, platform, or API offering.

Differentiator

Problem solved

Functional benefit

Products and services

• The Park A 107-unit multifamily project at 1850 Brevier Avenue in Cleveland's Tremont neighborhood featuring luxury finishes, rooftop deck with spa, community room, fitness center, coffee bar, and dog wash for urban residents.
• Franklin Yards A 67-unit, three-building multifamily development on Franklin Boulevard in Cleveland's Ohio City neighborhood, combining new construction (29-unit walkup) with historic redevelopment of a Victorian-era mansion and early twentieth-century YWCA residence, offering green space, dog wash, bike storage, and fitness center.
• College and Professor Apartments A 43-unit mixed-use multifamily project at the intersection of College and Professor Avenues in Cleveland's Tremont neighborhood offering luxuriously appointed units with balconies, rooftop terrace and community room, fitness center, covered parking, dog wash, and bike storage, with ground-floor restaurant access.
• Beacon Landing A 108-unit multifamily project near Ocean Isle Beach, NC featuring one-, two-, and three-bedroom homes with private screened-in porches, granite countertops, and included utilities, developed in partnership with Cranwood Enterprises.
• The Monroe An 80-unit ground-up middle-market multifamily development in Cleveland's Little Italy neighborhood featuring a fitness center, community room, pocket park, dog park, and outdoor gathering space with bocce court and wading pool.
• Baricelli Apartments A 51-unit ground-up luxury multifamily development in Cleveland's Little Italy neighborhood, steps from University Hospitals and Case Western Reserve University, featuring beautifully designed living space, covered parking, community lounge, and dog wash.
• High Point Corporate Park A premier office/warehouse property comprising five buildings totaling 178,000 square feet, designed between 1990 and 1999, on Rockside Road in Valley View, Ohio.
• Rockside Business Point First office/warehouse development built by Property Advisors in 1986, comprising 115,000 square feet in two buildings in Valley View, Ohio, with leasing handled through Cresco Real Estate (Cushman Wakefield).
• Tuller Ridge Corporate Center A seven-building office/warehouse complex totaling 105,000 square feet, built in 1988 in Dublin, Ohio near the Scioto River and Bridge Park district, with leasing handled through CBRE.
• 3245 Pickle Road A net-leased Class-A office building with over 24,000 square feet in Green, Ohio near I-77.
• Southport Center A 94,000-square-foot first-class office building constructed in 1990, located at the corner of Rockside and Canal Roads in Valley View, Ohio.
• Commercial Property Leasing & Management Day-to-day management, leasing, and tenant relations for the firm's office, flex, warehouse, distribution, and industrial portfolio totaling more than 400,000 square feet of Cleveland office and flex space plus additional assets in Ohio, Indiana, and Massachusetts.

Quantifiable outcome

• Developed over $100 million in assets
• +4 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and secondary.

• Dalad GroupcoreStrategic or Co-development PartnerDevelopment partner for College and Professor Apartments (43-unit mixed-use project in Cleveland's Tremont neighborhood) and Franklin Yards (67-unit multifamily development in Ohio City). Dalad Group is a real estate development partner based at daladgroup.com.
• Cranwood EnterprisescoreStrategic or Co-development PartnerDevelopment partner for Beacon Landing, a 108-unit multifamily project located near Ocean Isle Beach, NC. Cranwood Enterprises is based at cranwoodenterprises.com.
• City Six DevelopmentcoreStrategic or Co-development PartnerSubsidiary of Property Advisors Group that serves as developer for The Monroe, an 80-unit ground-up multifamily development in Cleveland's Little Italy neighborhood.
• M. Panzica DevelopmentsecondaryStrategic or Co-development PartnerDevelopment partner alongside City Six Development and Bluewater Capital for The Monroe project in Cleveland's Little Italy neighborhood.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Dalad Group: Cleveland-based real estate developer that co-develops multifamily projects with Property Advisors (College and Professor Apartments, Franklin Yards). Directly comparable as a similarly sized, relationship-driven Cleveland ground-up multifamily developer.
• Geis Companies: Cleveland-area real estate developer, general contractor, and property manager. Comparable as a vertically integrated developer-operator active in Northeast Ohio commercial and multifamily markets.
• Stark Enterprises: Cleveland-based diversified real estate developer and operator with multifamily, office, retail, and mixed-use projects across Ohio and beyond. Comparable as a family-influenced developer/owner-operator with a similar mix of ground-up and stabilized assets.
• M. Panzica Development: Cleveland-based real estate development firm partnering with Property Advisors on The Monroe. Comparable in scale and product type (mid-rise multifamily) and shares geographic overlap in Northeast Ohio.
• Cranwood Enterprises: Co-development partner with Property Advisors on Beacon Landing (108-unit multifamily near Ocean Isle Beach, NC). Comparable as a small-to-mid market multifamily developer leveraging partnerships to scale ground-up projects.

Broad incumbents

• CBRE: Global commercial real estate services firm that handles leasing at Tuller Ridge Corporate Center. Comparable as a major counterpart/broker in Property Advisors' leasing channel.
• Fairfield Residential: National multifamily developer and operator with a portfolio of stabilized and development assets. Comparable as a multifamily ground-up developer/owner, though significantly larger and more institutionalized than Property Advisors.
• Cushman & Wakefield (Cresco Real Estate): Global commercial real estate services firm that leases Rockside Business Point on Property Advisors' behalf. Comparable as a commercial leasing and property management counterpart in Property Advisors' ecosystem.

Regional players

• The DiGeronimo Companies: Cleveland/Northeast Ohio real estate developer with multifamily, mixed-use, and self-storage exposure. Comparable as a multi-generational, family-led developer with similar product mix.

Others

• Bluewater Capital: Real estate capital partner working alongside Property Advisors on The Monroe. Comparable as an enabling capital provider in Property Advisors' co-development financing structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/property-advisors-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

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 Property Advisors