I'm thrilled that these two companies are coming together. Now I can turn to one company to not only manage our property management business, but also to acquire new property owner leads that consistently turn into new customers whenever I need them.
Boston, Mass. (PRWEB) February 11, 2015
Property management software provider Buildium announced today the acquisition of All Property Management, the leading online marketing service for property managers. By unifying the two organizations, Buildium becomes the only company to give property managers a way to acquire new customers, increase revenues, and operate more efficiently.
All Property Management connects property management companies with property owners who are looking for property management services in their area. All Property Management lets property owners request quotes from licensed property managers. In 2014 alone, All Property Management delivered over $50,000,000 worth of new property owner relationships to property managers in the U.S.
Buildium property management software helps residential and community association property managers market vacancies, track income and expenses, and coordinate maintenance activities. “While our software has always helped our customers run more efficient and profitable businesses, acquiring All Property Management now allows us to directly help our customers grow their businesses,” says Buildium CEO Michael Monteiro.
“We’ve watched Buildium grow into an industry leader over the last 10 years,” said All Property Management GM Jacob Colker. “With more than 10,000 property management companies now using Buildium’s software, this acquisition allows All Property Management to present those companies with property owners who are looking for their services. Property owners get introduced to licensed property managers in their area, and property management companies get connected to highly qualified property owners looking for help. In the end, property managers and property owners both win. We see an opportunity for Buildium customers to fill in the gaps in underserved geographies where All Property Management is unable to present property owners with enough property manager choices.”
“We are incredibly excited to see Buildium and All Property Management combine forces to help property managers grow the number of units under management,” said Gail Phillips, Executive Director, National Association of Residential Property Managers (NARPM). “Many of our NARPM members use both of these products and this acquisition will surely assist in driving innovation that much further in the property management industry.”
Here’s how long-time customer, Glenn Lehman of Lehman Property Management in Pennsylvania, sees the acquisition: “As a long time Buildium customer and All Property Management customer, I'm thrilled that these two companies are coming together. Now I can turn to one company to not only manage our property management business, but also to acquire new property owner leads that consistently turn into new customers whenever I need them."
In addition to the complementary nature of All Property Management’s online marketing service to Buildium’s software, both organizations share a singular focus on the property management industry, a commitment to creating awesome customer experiences, and a shared belief system in conducting business. “We’re on a mission to help our customers succeed, while setting the highest standard for the way business should be done. Bringing these two organizations together is a huge step in achieving that mission,” says Monteiro.
Terms of the acquisition were not disclosed.
For additional information about this acquisition or to schedule an interview with Buildium CEO Michael Monteiro or All Property Management General Manager Jacob Colker, please contact Geoff Roberts at geoff(at)buildium(dot)com.
Buildium provides easy-to-use, affordable cloud property management software solutions to residential and community association property management companies. The company was founded in 2004, and today more than 10,000 customers use Buildium’s online property management software to manage nearly three-quarters of a million units in 46 countries. For more information, visit buildium.com.
About All Property Management
Founded in 2004, All Property Management is the leading online marketing solution for property management. Each year, All Property Management helps thousands of property management companies in North America grow their business by connecting them with thousands of property owners who are looking for property management services in their area. For more information, visit allpropertymanagement.com.
JMP Securities served as financial advisor to All Property Management in connection with the transaction.