What Kokes Properties does

Kokes Properties is a privately held, vertically integrated real estate development and management firm headquartered in Sea Girt, New Jersey, operating across New Jersey and Connecticut. The company develops, owns, and manages a diversified portfolio of multifamily rentals, active-adult (55+) apartments, for-sale townhomes, affordable housing, self-storage facilities, and single-tenant net-lease commercial assets. Its flagship asset is The Mill at Riverside, a 190-unit transit-oriented multifamily community in Riverside, NJ built on the historic Taubel's Mill brownfield site. The Eden & Main Townhomes (23 units) in Southington, CT represents the for-sale product line, while The Hamlet at Bear Creek (61-unit affordable) and Extra Space Storage co-developments (Winslow and Whiting) round out the asset mix. Kokes Properties Management, a wholly owned subsidiary, provides property management services in-house, supporting both owned assets and third-party managed properties.

The company operates a direct-to-consumer go-to-market model with on-site sales and leasing offices at each project, supplemented by project-dedicated websites (e.g., themillatriverside.com, edenandmaintownhomes.com) and community sponsorships. Revenue is generated through multiple streams: one-time townhome sales (from $229,900 per unit), recurring monthly rental income from stabilized apartment communities (starting in the high $1,300s for one-bedroom units), property management fees, and ownership/management economics from self-storage co-developments with Extra Space Storage (NYSE: EXR). The firm is led by third-generation developer Michael J. Kokes (President) and an executive team recruited from Toll Brothers, NYU, and NJIT, supported by in-house construction management and a controller group. Banking and JV partners include OceanFirst Bank, Ion Bank, Harvestate Group, Konover Residential, and Extra Space Storage. Kokes Properties does not use proprietary technology platforms; competitive advantage is grounded in land/entitlement expertise, vertical integration, and a 60-year family brand track record of building 21,000+ homes since 1964.

Name

Kokes Properties

Legal name

Kokes Properties

Website

https://kokesproperties.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Kokes Properties is a privately held, third-generation New Jersey real estate developer and manager building, owning, and operating multifamily rentals, for-sale townhomes, affordable housing, self-storage, and net-lease commercial assets across New Jersey and Connecticut.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Real Estate Property Managers (53131), Lessors of Residential Buildings and Dwellings (53111)

SIC

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

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Residential real estate development
• Multifamily rental housing
• Townhome construction
• Affordable housing management
• Self-storage development

Headquarters

HQ city

Brielle

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Property Sales: Kokes Properties generates revenue through the sale of for-sale residential townhome communities. Examples include Eden & Main townhomes in Southington, CT, sold directly to homebuyers at prices starting at $229,900 per unit.
2. Apartment Rental Income: The company earns recurring rental income from multifamily apartment communities including The Mill at Riverside (190 units) and Eden & Main Apartments (41 units), with monthly rents starting in the high $1,300s for one-bedroom units.
3. Property Management Services: Kokes Properties Management provides professional property management services across its multifamily and affordable housing portfolio, including The Hamlet at Bear Creek (61-unit affordable community), generating management fee revenue.
4. Self-Storage Development and Ownership: The company develops and owns self-storage facilities including Extra Space Storage at Winslow (78,500 SF) and Extra Space Storage at Whiting, earning income through ownership interests and management arrangements with Extra Space Storage.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Kokes Properties develops, owns, and manages residential and commercial real estate, including for-sale townhomes, multifamily rental apartments, active-adult (55+) luxury rentals, affordable housing, and self-storage facilities across New Jersey and Connecticut. Through its Kokes Properties Management affiliate, it also provides third-party property management services. Pricing for townhomes starts at $229,900 and for rentals begins in the high $1,300s monthly.

Product overview

Kokes Properties is a vertically integrated real estate development company offering a diversified portfolio of residential and commercial real estate products across New Jersey and Connecticut. The company operates through multiple product lines: multifamily rental communities (The Mill at Riverside with 190 units), active-adult luxury apartments (Eden & Main Apartments with 41 units), for-sale townhomes (Eden & Main Townhomes with 23 units), commercial properties (retail/STNL properties and self-storage facilities), and affordable housing property management services (The Hamlet at Bear Creek). The company develops, owns, and manages its portfolio through in-house construction management and property management teams.

Differentiator

Problem solved

Functional benefit

Brands

• Kokes Properties Management: Property management services affiliate providing professional management for the company's multifamily and affordable housing portfolio.

Products and services

• The Mill at Riverside Flagship 190-unit multifamily residential rental community in Riverside, New Jersey, located at the historic Taubel's Mill site. Features a mix of one- and two-bedroom apartments including townhome-style layouts, a 3,100-square-foot clubhouse with fitness center, and secure parking. Transit-oriented development near NJ Transit RiverLINE rail station with access to Philadelphia and Trenton.
• Eden & Main Apartments 41-unit luxury rental community for residents ages 55 and older in Southington, Connecticut. 50,000-square-foot building featuring one- and two-bedroom apartments with open floor plans, designer kitchens, balconies, fitness center, and community room, walking distance to downtown Southington.
• Eden & Main Townhomes 23-unit for-sale townhome community in Southington, Connecticut with two- and three-story layouts. Features include granite countertops, stainless steel appliances, nine-foot ceilings, oak flooring, attached garages, and paver patios. Located near Farmington Canal Heritage Trail; priced from $229,900.
• Tiltons Corner Property Single-Tenant Net Lease commercial property at 2512 Tiltons Corner Road in Wall Township, New Jersey, occupied by Atlantic Physical Therapy. Operates as a commercial asset in the firm's diversified portfolio.
• The Hamlet at Bear Creek 61-unit age-restricted affordable apartment community in West Windsor Township, New Jersey, managed by Kokes Properties Management. Comprehensive capital improvements, unit renovations, and HVAC upgrades delivered since the firm took over management.
• Extra Space Storage at Winslow 78,500-square-foot self-storage facility at 300 Sicklerville Road in Winslow Township, New Jersey, with 595 climate-controlled storage units managed by Extra Space Storage. Developed in partnership with Harvestate Group.
• Extra Space Storage at Whiting Self-storage project at 2121 Lake Road in Manchester (Whiting), New Jersey. Second Extra Space Storage facility developed by Kokes Properties and managed by Extra Space Storage.
• Kokes Properties Management In-house property management affiliate providing professional management services across Kokes Properties' multifamily and affordable housing portfolio, including The Hamlet at Bear Creek and The Mill at Riverside.

Quantifiable outcome

• Built over 21,000 homes since 1964
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered minor and core.

• Atlantic Physical TherapyminorChannel Partner/ Reseller/ Distributor · 28 April 2025Tenant at 2512 Tiltons Corner Road property in Wall Township, NJ. Atlantic Physical Therapy (APT) opened facility at the former Asylum Sports Center location, providing physical therapy and wellness services.
• Konover Residential CorporationcoreChannel Partner/ Reseller/ Distributor · 4 October 2021Property management partnership for Eden & Main Apartments (41-unit luxury rental community for 55+ adults) in Southington, CT. Konover Residential is an affiliate of The Simon Konover Company managing over 17,000 apartment units nationwide.
• Richel Commercial BrokerageminorChannel Partner/ Reseller/ Distributor · 8 June 2021Commercial real estate brokerage representing Kokes Properties in the acquisition of Wall Township property. Steve Richel of Richel Commercial Brokerage represented the company.
• CCB Cycling Education FoundationminorGTM or Marketing Partner · 28 October 2020Sponsorship of cycling education non-profit including funding for women's squad launch with Cannondale Topstone gravel bikes and apparel. Foundation CCB supports U23 riders pursuing post-secondary education while competing professionally.
• Lovley DevelopmentcoreImplementation/ SI/ Consulting Partner · 26 February 2020Local builder partnership for Eden & Main townhome project. Mark Lovley brings over 35 years of home-building experience and 450+ units completed in recent years, overseeing construction of 23-unit townhome community in Southington, CT.
• Extra Space StoragecoreStrategic or Co-development Partner · 12 July 2019Partnership with Extra Space Storage (NYSE: EXR), the second largest self-storage operator in the US with 1,800+ properties, to develop and manage self-storage facilities including properties at Winslow and Whiting, NJ.
• ARCO Design/Build IndustrialcoreImplementation/ SI/ Consulting Partner · 12 July 2019General contractor for Extra Space Storage at Winslow project, facilitating on-time and under-budget completion of 78,500 SF self-storage facility. Also oversaw construction of Extra Space Storage at Whiting.
• Rutgers Center for Real EstateminorStrategic or Co-development Partner · 3 April 2019Partnership with Rutgers Business School for student mentorship, internships, scholarships, consulting, and guest lectures. Michael J. Kokes serves as guest lecturer to help establish the center as premier real estate program.
• Harvestate Group, LLCcoreStrategic or Co-development Partner · 5 December 2018Ongoing partnership with Harvestate Group on multiple New Jersey development projects including The Enclave at Winslow (105 townhome rentals), Extra Space Storage at Winslow (595 units, 66,300 SF), and Extra Space Storage at Whiting. Harvestate brings real estate financing, planning and redevelopment expertise with over $1.3 billion in transactions supervised.
• Pure Energy VelominorGTM or Marketing Partner · 26 October 2018Sponsorship of Pure Energy Velo 501(c)(3) non-profit cycling organization that advocates cycling among youth through education, bicycle maintenance, safety, and competitive mentorship.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Russo Development: NJ-based real estate developer of multifamily, mixed-use, and commercial properties statewide, sharing Kokes' regional focus on underserved transit-oriented New Jersey submarkets and for-sale/rental product mix.
• The Kushner Companies: NJ-headquartered diversified real estate firm with multifamily and commercial holdings across the Northeast, comparable to Kokes as a family-influenced regional operator with overlapping product categories.
• Woodmont Properties: Family-owned NJ-based real estate developer focused on multifamily rentals, mixed-use, and commercial properties across the Northeast, directly comparable in size, geography, and product mix to Kokes Properties.
• The Michaels Organization: NJ-headquartered multifamily developer and operator managing tens of thousands of apartments nationwide, comparable to Kokes in product type and Northeast operating geography though at substantially greater scale.
• Boraie Development: New Brunswick, NJ-based urban multifamily developer with transit-oriented and mixed-use projects statewide, overlapping directly with Kokes' NJ multifamily and TOD focus and serving a similar renter demographic.

Broad incumbents

• LCOR: National multifamily developer and operator of mixed-income and market-rate communities, offering an institutional benchmark for Kokes' transit-oriented multifamily strategy at meaningfully larger scale.
• AvalonBay Communities: Public multifamily REIT with significant Northeast portfolio, comparable as a transit-oriented NJ renter-housing operator and as a potential acquirer/benchmark for stabilized Kokes assets.
• Greystar Real Estate Partners: Largest US multifamily operator and developer with vertically integrated investment, development, and property management; provides institutional benchmark for Kokes' PM-driven growth ambition at national scale.
• Toll Brothers: Largest US luxury homebuilder and multifamily developer. Comparable for-sale townhome product type and is the prior employer of Kokes' VP of Development, signaling overlap in operational talent and product positioning.

Others

• Extra Space Storage: NYSE-listed self-storage REIT and joint-venture partner for Kokes' NJ storage facilities, directly relevant as a strategic partner rather than a competitor and a benchmark for self-storage deal economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Kokes Properties