Western Property Management
How we got $1.8M
Based on its 12 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 43 years (since 1983)
- Founder still runs it after 43 years
- Family in the business (Delois Farris, Owner)
From public records and the company's website, not a statement that it's for sale.
What they do
Western Property Management provides hands-on oversight and management of multi-family and affordable housing developments. It lists apartments for people looking for places to rent.
From the company's website. Industry: Residential Property Managers.
Estimated value over time
▲ 23% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| WESTERN PROPERTY MANAGEMENT this business | $2.1M | — |
| INFINITY FILED SERVICES, LLC Duncan · 2 employees | $662K | 0.5 mi |
| UNITED REALTY LLC Duncan · 1 employees | $438K | 2.8 mi |
| KLINGENSMITH OPERATIONS LLC Duncan · 1 employees | $560K | 6.3 mi |
| ROADS END PROPERTIES LLC Marlow · 1 employees | $551K | 7.7 mi |
| MALLARD PROPERTIES LLC Marlow · 1 employees | $303K | 8.0 mi |
| TWIN CREEK PROPERTIES LLC Marlow · 1 employees | $215K | 8.3 mi |
The full calculation
| Employees reported to the SBA | 12 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.6M |
| Estimate: the two combined (geometric mean) | $2.1M |
| EBITDA margin (industry, adjusted for size) | 29% |
| EBITDA = revenue × margin | $601K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $1.8M |
| Multiple for this size and industry | 3× |
| Value range | $949K – $2.5M |
| Revenue range | $1.4M – $2.4M |
| EBITDA range | $395K – $685K |
| Industry (NAICS) | Residential Property Managers (531311) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Western Property Management, Inc. has been providing professional management services to Owners and Developers of Section 515 Rental Housing since 1983.”
Leadership
- DFDelois FarrisOwner · Company website · source
Advisors
- BankingFirst Bank and Trust CoPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| First Bank and Trust Co PPP 2020 | All 694 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $60K | 12 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Western Property Management
Western Property Management is a residential property managers company in Duncan, Oklahoma, in business since 1983. It is owned by Leon Farris. Its estimated annual revenue is about $2.1M, with roughly $601K of EBITDA. It has about 12 employees. Its estimated business value is $1.8M (likely range $949K–$2.5M).
Common questions
- Who owns Western Property Management?
- Western Property Management is owned by Leon Farris, according to public sources such as the company's website or filings.
- How much revenue does Western Property Management make?
- SeeBITDA estimates Western Property Management's annual revenue at about $2.1M (likely between $1.4M and $2.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Western Property Management worth?
- About $1.8M, roughly 3× its estimated EBITDA of $601K, typical for a residential property managers company its size. Likely range: $949K–$2.5M.
- How many employees does Western Property Management have?
- About 12, as reported on its PPP loan.
- When was Western Property Management founded?
- Western Property Management has been in business since 1983.
- Is Western Property Management for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 43 years (since 1983); founder still runs it after 43 years; family in the business (delois farris, owner).