Ellington Realty Group

What Ellington Realty Group does

Ellington Realty Group is a commercial real estate firm headquartered in Asheville, North Carolina, founded in 2017 by Douglas and Kenneth Ellington, great-nephews of the early 20th-century architect Douglas Ellington. Operating with a team of approximately five, the firm provides commercial brokerage, property management, and development consulting services to property owners, investors, and developers active in the Asheville MSA. Service lines span landlord and tenant representation, investment sales, and hands-on advisory on adaptive-reuse and mixed-use projects.

Representative transactions and engagements include the $36.6 million Lofts at Reynolds Village deal, smaller $2.4 million and $3.2 million transactions, and development consulting roles on S&W Market (a flagship food hall) and 44 Collier Avenue, home of District Brewery. Burns Aldridge serves as Managing Broker and Ryan Israel is a named broker; the Ellington family founders continue to anchor the firm's identity and community positioning.

Revenue mechanics follow standard CRE brokerage and management economics: transactional commissions on buy/sell and lease assignments, recurring management fees on a managed portfolio, and project-based development consulting fees. The firm has not disclosed external funding, financial statements, expansion outside the Asheville MSA, or any technology platform underpinning its operations.

Name

Ellington Realty Group

Legal name

Ellington Realty Group

Website

https://ellingtonrealtygroup.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Ellington Realty Group is an Asheville, NC commercial real estate firm founded in 2017 by the Ellington family, providing brokerage, property management, and development consulting to local investors, owners, and developers in the Asheville MSA.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Brokerage

NAICS

Offices of Real Estate Agents and Brokers (53121), Offices of Real Estate Agents and Brokers (531210), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)

akta.pro primary industry

Tenant Representation & Corporate Services Brokerage (BPAJABAJ)

akta.pro secondary industries

Hospitality Brokerage (BPAJABAE), New Development & Project Marketing (Pre-Construction Sales) (FSAEAJAE), Real Estate Buyer Representation (FSAEAJAG), Real Estate Tenant Representation (FSAEAJAF)

Keywords

• Commercial real estate brokerage
• Commercial property management
• Commercial leasing services
• Real estate development consulting
• Investment property sales

Headquarters

HQ city

Asheville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commercial Sales and Leasing Commissions: Traditional commercial real estate brokerage commissions on property sales and lease transactions. Transactions documented include $2.4M (26 Battery Park), $3.2M (48 Biltmore Ave), and $36.6M (Lofts at Reynolds Village).
2. Property Management Fees: Ongoing property management services for commercial properties and condo associations. Services include tenant relations, property analysis, risk mitigation, and investment advice. Clients access owner and tenant portals via AppFolio.
3. Development Consulting: Guiding developers through zoning, city ordinances, and marketing properties at various stages of development. Also involves direct development projects (S&W Market, 44 Collier Avenue) where the company has ownership stake.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Ellington Realty Group is a commercial real estate firm providing commercial sales, leasing, property management, and development consulting services in the Asheville MSA and Western North Carolina. The firm brokers transactions across office, retail, industrial, and multi-family properties, manages commercial properties and condo associations via AppFolio, and provides development advisory services including zoning, site selection, and project marketing.

Product overview

Ellington Realty Group is a commercial real estate firm offering a comprehensive suite of services centered on three core offerings: Commercial Brokerage (sales and leasing of office, retail, industrial, and multi-family properties with tenant/landlord representation), Property Management (full-service property management with owner and tenant portals via AppFolio), and Development Services (guiding developers through zoning, city ordinances, and project marketing). The firm also provides supporting services including Site Selection, Property Valuation, and Consulting. Ellington Realty Group has developed notable projects including the S&W Market food hall in the historic Art Deco S&W Building and the 44 Collier Avenue mixed-use District Brewery project.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Brokerage Commercial real estate sales and leasing services covering office, retail, industrial, and multi-family properties in Asheville and Western NC, including tenant and landlord representation and investment advisory for investors, developers, and business owners.
• Property Management Full-service property management division providing custom solutions for commercial properties of every size and type, including tenant satisfaction management, property analysis, risk mitigation, and investment protection, with online owner and tenant portals via AppFolio.
• Development Services Development consulting services guiding developers through zoning, city ordinances, and marketing of properties at various stages of project development, including direct development projects where the firm holds an ownership stake.
• S&W Market A food hall development project revitalizing the historic Art Deco S&W Building at 56 Patton Avenue in downtown Asheville, featuring Highland Brewing Company's downtown taproom as anchor tenant, multiple local restaurant vendors, and event space. The building is listed on the National Register of Historic Places. Leasable space is marketed to food vendors and event operators.
• 44 Collier Avenue Mixed Use Project (District Brewery) Mixed-use development in Asheville's South Slope Brewery district featuring a 25-room boutique hotel operated as District Brewery, 10 condominiums, 5,000 sq ft retail space, 10,000 sq ft convention rooftop space, and 7,000 sq ft restaurant and brewery facilities.

Quantifiable outcome

• S&W Market named in Fodor's Top Ten Best New Food Halls in the US (2021)
• +2 more outcomes

Named customers11 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Eight partnerships are on record, tiered core, minor and flagship.

• District BrewerycoreStrategic or Co-development Partner · 1 August 2021District Brewery is the anchor for the 44 Collier Avenue mixed-use development in the South Slope Brewery district. The project includes a 25-room boutique hotel, 10 condos, retail, restaurant/brewery, convention rooftop space, and spa. Ellington Realty Group is developing this project, with District Brewery serving as the hotel name and brewery operator.
• Mel Chin (Artist / UNC Asheville Steam Studio)minorGTM or Marketing Partner · 13 March 2020Ellington Realty Group sponsored Mel Chin's Wake sculpture installation at 44 Collier Avenue and donated the site for the installation. The sculpture (60 ft long, 34 ft wide, 24 ft high) by MacArthur Fellow Mel Chin was on view March-September 2020, drawing visitors to the South Slope area.
• Highland Brewing CompanyflagshipStrategic or Co-development Partner · 4 October 2019Highland Brewing Company is the anchor tenant at the S&W Market food hall developed by Ellington Realty Group. The partnership involves a two-story taproom with a first-floor bar area and a mezzanine-level bar, tasting room, and event space. Highland's founder Oscar Wong and second-generation president Leah Wong Ashburn are partners in the revitalization of this historic Art Deco building. Highland's return downtown marks their first taproom back in the city center since their founding 25 years ago.
• Meherwan Irani (Chai Pani Restaurant Group)flagshipStrategic or Co-development Partner · 4 October 2019Meherwan Irani serves as culinary consultant for the S&W Market food hall, curating the roster of top local restaurants. Irani is the chef and chief of Chai Pani Restaurant Group, which has signed multiple leases with Ellington Realty Group for expansion. His involvement brings James Beard-recognized culinary talent to the S&W Market project.
• Douglas and Kenneth EllingtonflagshipStrategic or Co-development Partner · 4 October 2017The Ellington brothers (Douglas and Kenneth Ellington), great-nephews of architect Douglas Ellington, own the S&W Building and are partners in both Ellington Realty Group and the S&W Market food hall development. Their family connection to the iconic Art Deco architect gives the firm unique credibility and access to historically significant properties in downtown Asheville.
• Preservation Society of Asheville & Buncombe CountyminorGTM or Marketing PartnerEllington Realty Group is a lead sponsor of the Preservation Society's annual gala events. The sponsorship connects the firm with Asheville's affluent investor and philanthropist community while supporting historic preservation efforts.
• Big Brothers Big Sisters of WNCminorGTM or Marketing PartnerEllington Realty Group co-sponsored two families through Big Brothers Big Sisters of WNC in December 2018, partnering with Vision Design Collaborative and Horizons Wealth Management. Community giving initiative that builds goodwill.
• J & N ConstructionminorImplementation/ SI/ Consulting PartnerGeneral contractor for the S&W Market renovation and restoration project. Led by J & N Construction, the project included historic restoration of the Art Deco building's interior and exterior.

Scale indicators5 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• Pulliam Properties: Asheville-based commercial real estate brokerage and property management firm serving Western North Carolina with sales, leasing, and management services. Closest direct local competitor to Ellington with overlapping geographic and service footprint.
• Reich Commercial Real Estate: Asheville commercial real estate firm offering brokerage, property management, and consulting services throughout Western North Carolina. Directly comparable in scale, service mix, and regional focus.
• NAI Beverly-Hanks: Western North Carolina commercial and residential real estate firm with NAI Global affiliation, providing brokerage and property management services in Asheville and surrounding markets. Competes directly for the same investor and developer clients.
• Whitney Commercial Real Estate: Asheville-based commercial real estate brokerage focused on investment sales, leasing, and consulting across Western NC. Overlapping service offering and target client base of investors, developers, and business owners.

Broad incumbents

• CBRE Group: Largest global commercial real estate services firm offering brokerage, property management, and investment advisory across all asset classes. Competes for large institutional transactions in Asheville while Ellington serves the local and middle-market segment.
• Colliers International: Global commercial real estate services and investment management firm with brokerage, property management, and consulting across all major asset classes. Competes in the Carolinas for commercial investment sales and leasing mandates.
• KW Commercial: Commercial real estate arm of Keller Williams with franchise network across North Carolina offering brokerage and property management services. Overlaps with Ellington's small/mid-market commercial and leasing focus.
• Cushman & Wakefield: Global commercial real estate services firm offering brokerage, valuation, and property management. Competes in the Carolinas for larger commercial mandates including office, retail, and multifamily investments.
• JLL: Global commercial real estate services firm with full-service brokerage, property management, and capital markets capabilities. Has presence across the Carolinas and competes for institutional-grade mandates that Ellington also pursues.
• Marcus & Millichap: National commercial real estate investment brokerage focused on multi-family, retail, office, and hospitality properties. Competes for mid-market investment transactions similar to Ellington's Lofts at Reynolds Village mandate.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/ellingtonrealtygroup
• LinkedInlinkedin.com/company/ellington-realty-group
• Instagraminstagram.com/ellingtonrealtygroup/?hl=en

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Ellington Realty Group