Gorman Management

What Gorman Management does

Gorman Management Company is a Bartlesville, Oklahoma-based property management firm that administers approximately 3,500 housing units across more than 10 communities, all within the state of Oklahoma. The company specializes in federally subsidized affordable housing, with tenants participating in HUD Section 8, Section 202/811, and HOME programs. The firm was established in 1979 by Art Gorman as the property management arm of the broader Gorman Companies enterprise, whose lineage traces to 1904; it is currently led by President Tom Gorman and remains family-owned across four generations.

The company's operating technology stack consists of RealPage, a third-party property management software platform, with no proprietary technology disclosed. The firm employs more than 100 full-time staff spanning corporate functions and on-site property management roles. Business operations are organized around recurring per-unit management fees, with rental pricing across the managed portfolio ranging from approximately $550 to $1,000 per month per unit, reflecting the affordable housing positioning.

Gorman Management operates a B2C model where the end customers are individual tenants, while the underlying fee structure is paid by property owners and supported by federal subsidy flows. The company is privately held with no institutional investors, no disclosed funding rounds, and no M&A activity. Geographic expansion has remained confined to Oklahoma, and there are no disclosed moves into adjacent verticals or new product lines beyond residential affordable property management.

Name

Gorman Management

Legal name

Gorman Management

Website

https://gormanmanagementco.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

51–100 employees

Short description

Gorman Management Company is a Bartlesville, Oklahoma-based property management firm administering approximately 3,500 affordable housing units across 10-plus Oklahoma communities, specializing in HUD Section 8, Section 202/811, and HOME programs under four-generation family ownership.

Ownership category

akta.pro rank

Product category

Affordable Housing Property Management

NAICS

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

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

akta.pro secondary industries

Affordable & Public Housing Asset Management (BPAJAMAI), Senior & Assisted Living Residential Property Management (BPAJAFAE)

Keywords

• Affordable housing management
• Property management services
• Multifamily housing
• HUD program administration
• Senior housing operations

Headquarters

HQ city

Bartlesville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Property Management Fees: Revenue generated through property management services for approximately 3,500 housing units across Oklahoma. Manages conventional, public housing, and commercial properties. Services include HUD programs (Section 8, Section 202/811, HOME, Flexible Subsidy, Market-to-Market), FHA/FNMA insured loan programs, Low Income Tax Credit/Affordable Housing Tax Credit, and Rural Development 515 Program.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Gorman Management Company operates as an affordable housing property management firm managing approximately 3,500 housing units across Oklahoma. The company manages conventional, public housing, and commercial properties serving families, senior adults, and people with physical and emotional disabilities through HUD programs (Section 8, Section 202/811, HOME, Flexible Subsidy, Market-to-Market), FHA/FNMA insured loan programs, Low Income Tax Credit administration, and Rural Development RD 515 properties.

Product overview

Gorman Management Company operates as an affordable housing property management company managing approximately 3,500 housing units across Oklahoma. The company offers a unified property management platform that combines multiple HUD housing programs (Section 8, Section 202/811, HOME, Flexible Subsidy, Market-to-Market), government-insured loan programs (FHA, FNMA, FHLB), Low Income Tax Credit administration, and Rural Development RD 515 properties. The portfolio includes six featured property listings—The Village, Pecan Creek, Pecan Place, Burroughs Manor, The Willows, and EWW Properties—serving families, senior adults, and people with physical and emotional disabilities across conventional, public housing, and commercial segments.

Differentiator

Problem solved

Functional benefit

Products and services

• The Village Affordable apartment community in Bartlesville, OK offering 1-2 bedroom units ranging from 600-850 sq ft, priced $710-$910 per month.
• Pecan Creek Affordable apartment community in Tulsa, OK offering 1-bedroom units at 500 sq ft. Pricing available by phone inquiry.
• Pecan Place Affordable apartment community in Ponca City, OK offering 1-2 bedroom units ranging from 650-850 sq ft, priced $550-$600 per month.
• Burroughs Manor Affordable apartment community in Vinita, OK offering units from $1,000 per month.
• The Willows Affordable apartment community in Norman, OK offering units in a multi-family housing setting.
• EWW Properties Affordable housing property in Bartlesville, OK offering units from $595-$740 per month, starting at 480 sq ft.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• Conifer Realty: Affordable housing-focused owner/operator of 30,000+ units across the Northeast and Mid-Atlantic, with expertise in LIHTC, Section 8, and HOME programs. Directly comparable to Gorman in affordable housing portfolio management and government program compliance.
• Interstate Realty Management: National third-party property management company specializing in affordable and market-rate multifamily housing, including LIHTC and HUD-insured assets. Comparable business model to Gorman as fee-based property manager serving third-party owners.
• Barkan Management Companies: Regional property manager focused on New England multifamily and affordable housing, including subsidized and LIHTC properties. Directly comparable as a mid-sized affordable housing specialist operating primarily within a defined geography.
• Peabody Properties: Mid-sized multifamily and affordable housing management firm specializing in Section 8, LIHTC, and Section 202 senior housing. Closely comparable to Gorman in HUD program participation and senior housing focus, though operating in New England rather than Oklahoma.
• The NRP Group: Affordable housing developer and property manager with portfolio focus on LIHTC and subsidized housing across multiple states. Comparable in affordable housing vertical integration and government program expertise, though at larger scale.
• TM Associates Management: Property management firm operating affordable and conventional multifamily housing, including senior communities and USDA RD programs. Highly comparable to Gorman in mixed program participation and senior housing specialization.

Broad incumbents

• The Michaels Organization: National affordable housing developer and property manager with 80,000+ units, specialized in LIHTC, Section 8, and public housing. Comparable in core affordable housing property management services and family-owned heritage, though significantly larger and multi-state.
• WinnCompanies: One of the largest multifamily and affordable housing property managers in the US, managing over 100,000 units across Section 8, Section 202/811, LIHTC, and market-rate programs. Directly comparable to Gorman in HUD program participation and senior/disability housing focus, but at vastly greater scale and geographic breadth.

Others

• RealPage, Inc. Enterprise software provider for the multifamily housing industry, explicitly used by Gorman Management for apartment marketing per company data. Not a direct competitor, but the underlying technology supplier whose platform investments shape competitive dynamics for Gorman and its peers.

Regional players

• Jaindl Land Company / Jaindl Properties: Family-owned real estate developer and property manager with multifamily housing operations. Comparable to Gorman as a long-tenured family-controlled property management business, though focused on Pennsylvania.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/gorman-management-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Gorman Management