Condominium property management companies play a vital role in maintaining and enhancing the value of residential developments. With the increasing demand for premium property management services, it’s crucial for condominium boards and homeowners’ associations to partner with reliable and reputable companies. In this article, we will provide an overview of the top 10 condominium property management companies in the United States, offering insights into their sector, year founded, annual revenue, and a brief description of each company to assist executives in making informed decisions for their properties.
1. FirstService Residential
– Sector: Community association and high-rise management
– Year Founded: 1968
– Annual Revenue: $2.3 billion
– Description: FirstService Residential is the leading property management company in North America, serving more than 8,500 communities and over 1.6 million residential units.
– [FirstService Residential](https://www.fsresidential.com/)
2. Associa
– Sector: Community association management
– Year Founded: 1979
– Annual Revenue: $9 billion+
– Description: Associa has a strong global presence, providing a full range of community management solutions, including financial, operational, and administrative services.
– [Associa](https://www.associaonline.com/)
3. RealManage
– Sector: Community association management
– Year Founded: 2000
– Annual Revenue: $89 million
– Description: RealManage focuses on customized HOA management solutions, leveraging technology and industry expertise to deliver exceptional service to residential communities.
– [RealManage](https://www.realmanage.com/)
4. Action Property Management
– Sector: High-rise and community association management
– Year Founded: 1984
– Annual Revenue: $92 million
– Description: Action Property Management specializes in luxury high-rise and mixed-use communities, offering comprehensive management services and personalized attention to detail.
– [Action Property Management](https://www.actionlife.com/)
5. Community Management Corporation (CMC)
– Sector: Community association management
– Year Founded: 1972
– Annual Revenue: $35 million
– Description: CMC provides innovative management solutions, leveraging advanced technology and industry best practices to serve communities across Virginia and Washington, D.C.
– [Community Management Corporation (CMC)](https://www.cmc-management.com/)
6. Greystar
– Sector: Property management and development
– Year Founded: 1993
– Annual Revenue: $24 billion+
– Description: Greystar is a global leader in rental housing, offering a full range of property management and development services for residential, commercial, and mixed-use communities.
– [Greystar](https://www.greystar.com/)
7. AAM, LLC
– Sector: Community association management
– Year Founded: 1990
– Annual Revenue: $26 million
– Description: AAM focuses on providing exceptional management services, financial expertise, and innovative solutions to homeowners’ associations and condominium communities in Arizona and New Mexico.
– [AAM, LLC](https://www.associatedasset.com/)
8. CWD Group
– Sector: Condominium and community association management
– Year Founded: 2004
– Annual Revenue: $10 million
– Description: CWD Group is a boutique property management firm dedicated to delivering personalized services and tailored solutions for condominium and homeowners’ associations in Florida.
– [CWD Group](https://www.cwdgroup.com/)
9. FirstService Brands
– Sector: Full-service property management
– Year Founded: 1987
– Annual Revenue: $12 billion+
– Description: FirstService Brands offers comprehensive property management solutions, including consulting, financial, and maintenance services for residential and commercial properties.
– [FirstService Brands](https://www.firstservicebrands.com/)
10. The Management Trust
– Sector: Community association management
– Year Founded: 1989
– Annual Revenue: $56 million
– Description: The Management Trust is dedicated to delivering exceptional management services, financial expertise, and innovative solutions to community associations in the Western U.S.
– [The Management Trust](https://www.managementtrust.com/)
The top 10 condominium property management companies in the United States offer a wide range of specialized services, industry expertise, and innovative solutions to meet the unique needs of residential communities. Executives in the retail industry seeking reliable and reputable property management partners can benefit from exploring the diverse options provided by these leading companies.
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