Florida- and New York-based property management company Akam announced the acquisition of Property Management Resources (PMR) in Southern Florida, furthering the company’s footprint in the state. The financial terms of the agreement will not be disclosed.
Through the acquisition, properties previously managed by PMR now not only have access to Akam’s property management services but to additional services including capital project management, energy services, procurement and insurance and risk management.
“We are very happy to welcome the PMR portfolio and team to Akam,” said Akam CEO Ken Greene. “For over 40 years, we have been a long-standing leader in property management, delivering exceptional service and tremendous value to our clients. We are very excited to add these dedicated professionals to our A team and provide our newest clients with the very best we have to offer.”
PMR began in 1974 as a family-run business, with a focus on dedicated and highly personalized services. The company offered complete servicing in administration, financial management and property maintenance in Palm Beach County.
“We’re proud to bring the properties we’ve served an elevated level of support and resources through AKAM’s successful property management model,” said Ralph Hintz, president of PMR. “We’re confident that by becoming a part of AKAM, we are adding instant value for our residents, and they’ll see those returns quickly.”
Allegra Hintz, a member of PMR’s founding family, will join AKAM’s Florida team led by Southeast Executive Vice President Kat Flores.
