Urban Village Development

What Urban Village Development does

Urban Village Development is a privately held, vertically integrated residential apartment owner-operator founded in 2008 by Scott Semrad and Jerry Reimer in Omaha, Nebraska. The company exclusively owns and manages the properties in its portfolio — a deliberate strategic choice distinguishing it from third-party property managers — with a focus on renovating historic Midtown buildings into turn-key, character-rich rental homes. As of the most recent disclosures, Urban Village owns and manages more than 900 apartment homes across the Omaha metro and surrounding areas (390 specifically within Midtown), spanning 24 named properties plus upcoming developments The Monico (launched) and The Solana (coming Summer 2026). Combined with sister company Urban Waters, the affiliated platform serves over 1,200 residents.

The company's core product is its portfolio of renovated, fully furnished apartments marketed under individual property names (e.g., The Art Deco, The Barnard Flats, The Lofts on Harney). Operations and resident interactions are run through the AppFolio Property Manager platform, which powers an online tenant portal (web and mobile iOS/Android apps) handling rent collection, maintenance request submission, and resident communication. The company's "Happiness Guarantee" and 24-hour maintenance resolution SLA are core service-level commitments embedded in this stack. Distribution is direct-to-consumer via the company-owned uvomaha.com website, which offers online availability search, self-tour scheduling, and an application portal — no third-party listing sites are used. Marketing reach emphasizes proximity to major Omaha employers (Creighton University, UNMC, Kiewit, Mutual of Omaha, Union Pacific, Conagra) and the city's arts and entertainment district.

Revenue is generated through monthly recurring residential rental income on owned units, with disclosed starting rents of $850 for one-bedroom, $1,095 for two-bedroom, and $1,595 for three-bedroom apartments. The company offers standard long-term leases plus select short-term pet-free leases (pricing quoted on inquiry). The company is not externally funded — it remains in founder ownership — and is headquartered at 9140 Dodge Street, Suite 285, Omaha, NE 68114.

Name

Urban Village Development

Legal name

Urban Village

Website

https://uvomaha.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Urban Village Development is a privately held, vertically integrated owner-operator of renovated historic apartments in Midtown Omaha, managing 900+ rental homes through its AppFolio-powered tenant portal and direct-to-consumer website since 2008.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Building Construction (2361)

SIC

Operators Of Apartment Buildings (6513)

akta.pro primary industry

Residential Affordable Housing Development & Construction (IMAFABAI)

Keywords

• Residential property management
• Apartment rentals
• Historic building renovation
• Multi-family housing
• Tenant portal services

Headquarters

HQ city

Omaha

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Residential Rental Income: Urban Village generates revenue through monthly apartment rentals. As a vertically integrated company that only manages properties it owns, the company collects rent from residents across its portfolio of over 900 apartment homes throughout Omaha and surrounding areas. They offer both standard long-term leases and select short-term leases (pet-free).

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Urban Village Development is a vertically integrated apartment owner-operator that acquires, renovates, and manages a portfolio of more than 900 residential apartment homes in the Omaha, Nebraska metro area. The company leases turn-key furnished units across roughly 24 named historic properties in the Midtown Omaha neighborhood, collecting monthly rent directly from residents and delivering maintenance, leasing, and resident services through its own staff and an AppFolio-powered tenant portal.

Product overview

Urban Village Development is a vertically integrated residential apartment management company that owns and manages approximately 900+ apartment homes throughout Omaha, Nebraska. The company manages 24 named apartment properties in the Midtown area, including historic renovated buildings featuring turn-key units with high-quality modern furnishings. Core service offerings include an Online Tenant Portal (powered by AppFolio) enabling residents to pay rent online, submit maintenance requests, and communicate with management. The company also operates a sister company, Urban Waters, and is expanding its portfolio with new developments including The Monico and The Solana (coming Summer 2026).

Differentiator

Problem solved

Functional benefit

Products and services

• Urban Village Apartment Portfolio (Midtown Omaha) The umbrella rental offering comprising more than 900 apartment homes across 24 owned and renovated historic buildings in the Midtown Omaha area, leased directly to individual residents on monthly subscriptions with both standard and select short-term leases.
• Online Tenant Portal A web and mobile application portal for residents of Urban Village apartments to pay rent, submit maintenance requests, view account information, and communicate with management, available via desktop and mobile app on iOS and Android.
• The Monico A new residential apartment community in Urban Village's Midtown Omaha portfolio, offered as part of the company's vertically integrated owned-and-managed rental housing.
• The Solana An upcoming luxury apartment community in Urban Village's owned portfolio, slated to open in Summer 2026 in the Omaha market.

Quantifiable outcome

• Most maintenance work orders resolved within 24 hours

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Urban WaterscoreOthersUrban Waters is the sister company of Urban Village, also owned by Scott Semrad and Jerry Reimer. Like Urban Village, Urban Waters only manages properties it owns. The combined team serves over 1,200 residents. Urban Waters focuses on missing middle and traditional multi-family housing with luxury finishes including beautiful flooring, solid surface countertops, stainless steel appliances, in-unit washer & dryer, and smoke-free communities.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Greystar Real Estate Partners: Largest US apartment manager and vertically integrated operator with ~800K+ units under management. Closest large-scale analog to Urban Village's own-and-manage model, though operating nationally across all major US metros versus UV's Midtown Omaha focus.
• Veris Residential: Apartment REIT/operator focused on Class A multifamily in the Northeast. Comparable as an own-and-operate apartment business with premium amenitization, though concentrated in a different region (NJ/NY metro) than Urban Village.
• AvalonBay Communities: Apartment REIT owning/operating ~90K units in high-density coastal markets. Relevant as a broad incumbent in the same core product (own + operate apartment communities) but serving institutional urban/suburban renters rather than Midtown Omaha's specific employer-anchored demand.
• MAA (Mid-America Apartments): Large-cap apartment REIT owning and operating ~100K units across the Sunbelt. Comparable as a publicly traded, vertically integrated apartment owner-operator, although at vastly greater scale and with a different geographic footprint than Urban Village.
• Equity Residential: Apartment REIT with ~80K units concentrated in urban and high-density suburban markets. Comparable in business model (own + operate Class A multifamily) but national, urban-focused, and orders of magnitude larger than Urban Village.
• Camden Property Trust: Apartment REIT with ~58K units across the Sunbelt and Mid-Atlantic. Comparable vertically integrated owner-operator of apartment communities, though at REIT scale and a different geographic mix than UV's Midtown Omaha base.
• Independence Realty Trust: Mid-cap apartment REIT owning/operating ~36K units, mostly in non-gateway Sunbelt markets. Closer to Urban Village in size tier and 'middle-market' positioning, but still national in scope and publicly traded.

Regional players

• Burlington Capital: Nebraska-based real estate investment and management firm with multifamily and affordable housing exposure in the Midwest. Most locally comparable peer to Urban Village given overlapping Nebraska geography and multifamily/affordable housing orientation, though broader in scope.

Emerging players

• Tricon Residential: Public residential rental company focused primarily on single-family rentals but with a growing multifamily/bulge-bracket portfolio. Comparable as a residential rental operator with a tech-enabled tenant platform, though its core product (SFR) differs from UV's urban Midtown apartments.
• BRT Apartments: Smaller apartment-focused REIT owning ~30 multifamily properties across the Southeast and Texas. Most directly comparable to Urban Village on size tier and 'sub-institutional' scale, but with a Sunbelt regional footprint rather than Midtown Omaha.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance2 records

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 Urban Village Development