Towne Properties marks 65 years with growth and expansion

Towne Properties is celebrating its 65th anniversary with a larger regional footprint, rising revenue and workplace awards. The Cincinnati real estate firm says the milestone underscores its long-term strategy as it looks to expand and invest in communities it serves.

Why it matters: - Towne Properties says the milestone reflects 65 years of building, managing and investing in communities across the Midwest and beyond. - The company’s scale now reaches more than 350,000 residents and clients, making its performance and expansion meaningful for housing, commercial space and local development in multiple states. - Revenue growth from 2023 through 2025 signals continued demand and operational momentum.

What happened: - Towne Properties, a Cincinnati-based real estate development, management and investment firm, is celebrating its 65th anniversary on June 30, 2026. - The company was founded in 1961 by Neil Bortz, with Marvin Rosenberg and Lambert Agin later joining as partners. - Towne Properties began by acquiring and revitalizing five 90-year-old residential properties in Mt. Adams and converting them into luxury apartments. - The company now operates in Ohio, Kentucky, North Carolina, Indiana and Illinois.

The details: - Towne Properties says its current portfolio includes more than 21,000 multifamily units, more than 3 million square feet of commercial space and more than 130,000 condo association homes. - The company operates through 120 offices and employs more than 900 associates. - Revenue increased from $276 million in 2023 to $321 million in 2024 and exceeded $356 million in 2025, a gain of more than 29% over two years. - The company earned Top Workplace honors in Cincinnati for the 10th straight year in 2026. - Towne Properties also received its first workplace recognition from Columbus CEO and additional honors from The Indianapolis Star. - Bortz pointed to developments including Mt. Adams, Piatt Park, USquare, Kenwood Towne Center, Four Seasons Marina, Landen, Indian Creek and Harper’s Point as examples of the company’s track record. - The company included a website link in its release: Towne Properties on LinkedIn and Towne Properties on Facebook.

Between the lines: - The anniversary release positions Towne Properties as both a legacy company and a growth story. - The emphasis on employee recognition suggests the firm sees workplace culture as part of its competitive edge, not just a personnel metric. - The combination of portfolio growth, geographic spread and philanthropic activity points to a strategy that blends real estate returns with community impact.

What's next: - Towne Properties says it plans to keep pursuing intentional growth, innovation and community-focused partnerships. - The company also plans to continue philanthropic initiatives and local partnerships tied to economic development and community vitality. - Bortz said he hopes the company will keep pursuing creative, impactful projects over the next 65 years. - Towne Properties says its future will build on long-term strategy, experienced leadership and high-quality community development.