Lurie & Associates

What Lurie & Associates does

Lurie & Associates, LLC is a third-party commercial real estate property management firm headquartered in Memphis, Tennessee. Founded in 1976 by Leonard Lurie after a 13-year tenure as CFO of Walkem Development Company (owned by Holiday Inn founders Kemmons Wilson and Wallace Johnson), the firm exclusively provides property management services — a deliberate single-line focus. The company manages a portfolio of approximately 50 commercial properties encompassing over 2,000,000 square feet of retail, office, and mixed-use real estate across Tennessee, Mississippi, and Florida. Service offerings include annual budget preparation, vendor contract negotiation, weekly and monthly property inspections, financial reporting, construction contract supervision, lease administration, fund disbursement, tenant relations management, and year-end expense reconciliation. The firm positions itself as a hands-on, relationship-driven manager with low employee turnover and 67+ years of combined management experience.

The business model is managed-services revenue: fees are negotiated individually with commercial property owners (the actual clients), while tenants of those properties are end-users of the management services. Pricing is not publicly disclosed. Distribution is direct-to-owner with property leasing handled via external brokers. The firm employs roughly 9-15 named staff plus additional support, with management led by founder Leonard Lurie, CSM-designated Asset Manager Ann H. King (since 1997), Property Manager Dax Jones, and an accounting team. The only disclosed technology integration is PayLease, used for online tenant rent collection. Marketing and business development rely primarily on reputation, founder community involvement (Lambda Alpha Real Estate Fraternity, ICSC), and word-of-mouth referrals. The firm operates as a privately held LLC with no institutional investors, parent company, or public funding.

Name

Lurie & Associates

Legal name

Lurie & Associates, LLC

Website

https://luriellc.com

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

11–50 employees

Short description

Lurie & Associates is a Memphis-based, founder-owned third-party commercial real estate property management firm serving property owners across Tennessee, Mississippi, and Florida, managing approximately 50 properties totaling over 2 million square feet of retail, office, and mixed-use space.

Ownership category

akta.pro rank

Product category

Commercial Property Management

NAICS

Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (53121)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Real Estate (6500)

akta.pro primary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

akta.pro secondary industry

Real Estate Strategy & Portfolio Consulting (Corporate/Institutional) (BPAJANAB)

Keywords

• Commercial property management
• Real estate management
• Property asset management
• Tenant relations
• Retail property management

Headquarters

HQ city

Memphis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management Fees: Third-party property management services provided to property owners, including financial reporting, tenant management, maintenance coordination, and budget administration. Revenue derived from management fees charged to property owners.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Lurie & Associates is a third-party commercial real estate property management firm that manages a portfolio of 50+ properties totaling over 2,000,000 square feet across Tennessee, Mississippi, and Florida. Core services include annual budget preparation, vendor/service contract negotiation, weekly and monthly property inspections, financial and loan facility reporting, construction contract supervision, lease administration, fund disbursement, year-end expense reconciliation, and tenant relations/coordination. The firm serves commercial property owners of retail centers, shopping centers, office buildings, and mixed-use developments exclusively.

Product overview

Lurie & Associates operates as a single unified third-party commercial real estate management service rather than a platform with separate modules. The company offers property management services including financial reporting, tenant relations, property inspections, lease administration, and vendor management across a portfolio of 50+ properties totaling over 2,000,000 square feet of commercial real estate in the Memphis area and surrounding states. The managed property portfolio is the core deliverable, supplemented by tenant services and coordination capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Third-Party Commercial Property Management Services Core service offering exclusive third-party management of commercial real estate for property owners. Includes annual budget preparation, vendor/service contract negotiation, weekly and monthly property inspections, financial and loan facility reporting, construction contract supervision, lease administration, fund disbursement, year-end expense reconciliation, and tenant coordination. Delivered across a managed portfolio of 50+ properties and 2,000,000+ square feet in Tennessee, Mississippi, and Florida.
• Managed Property Portfolio (Retail, Office, Mixed-Use) Portfolio of 50+ managed commercial properties—shopping centers, retail centers, office buildings, and mixed-use developments—located across Tennessee (Memphis, Germantown, Collierville, Cordova, Arlington, Atoka, Millington), Mississippi (Southaven, Olive Branch), and Florida (Miramar Beach), totaling over 2,200,000 square feet.

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Emerging players

• Bozzuto Group: Mid-Atlantic-focused real estate services firm with growing property management operations. Comparable as a regional, relationship-driven third-party manager expanding into adjacent U.S. markets.

Regional players

• Flocke & Avante Commercial Real Estate: Regional commercial real estate firm based in the Memphis area providing property management, leasing, and brokerage services. A local direct competitor for third-party management mandates in the Memphis MSA.
• Crye-Leike Commercial: Mid-South-based regional real estate brokerage and property management firm serving Tennessee, Mississippi, and surrounding states. Comparable geographic footprint and service model to Lurie.
• Hammerman & Gainer: Mid-sized commercial real estate services firm primarily serving the Mid-South and Gulf Coast region. Directly comparable to Lurie as a regional property management provider with similar service scope and client type.
• Makowsky Ringel Greenberg: Memphis-based commercial real estate firm offering property management, leasing, and investment sales. Directly comparable as a local third-party property manager competing in the same Memphis market.

Broad incumbents

• CBRE Group: Global commercial real estate services firm offering property management, brokerage, and advisory across all major U.S. markets including Memphis. Directly competes with Lurie for third-party management mandates from institutional owners, but at vastly greater scale and brand recognition.
• Cushman & Wakefield: Major global real estate services firm with significant property management operations across U.S. retail and office assets. Directly competes with Lurie for third-party management mandates from institutional and private owners in the Southeast.
• Colliers International: Global commercial real estate services firm offering property management, leasing, and capital markets services. Operates in Memphis and competes for the same third-party management mandates as Lurie, particularly with institutional owners.
• JLL (Jones Lang LaSalle): Global real estate services firm with a large property management practice, including retail and shopping center management. Competes with Lurie in the Memphis/Southeast market for institutional third-party management contracts.
• Lincoln Property Company: Large diversified U.S. real estate services and management firm with a national third-party management platform, including retail and office. Competes with Lurie for regional and national third-party management contracts.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Lurie & Associates