AKAM, a property management company based in Florida and New York, has expanded its footprint in South Florida with the acquisition of Property Management Resources (PMR). Agreement terms for the acquisition began in mid-2023 and were completed in early June; financial terms were not disclosed.

Ken Greene, CEO, AKAM
Ken Greene, CEO, AKAM

According to AKAM, which focuses on property management and brokerage services for both residential and commercial properties, this acquisition is an example of the opportunities it is exploring as it aims to expand through a hub-and-spoke model.

PMR began in 1974 as a family-run business with a focus on highly personalized services. It offered complete servicing in administration, financial management, and property maintenance in Florida’s Palm Beach County.

Properties previously managed by PMR will have access to AKAM’s property management services as well as opportunities to utilize additional resources, such as capital project management, energy services, procurement, and insurance and risk management.

“We are very happy to welcome the PMR portfolio and team to AKM,” said 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.”

PRM president Ralph Hintz added that he is confident becoming part of AKAM will add instant value for the residents involved. “We’re proud to bring the properties we’ve served an elevated level of support and resources through AKAM’s successful property management model.”

Allegra Hintz, a member of PMR’s founding family, will join AKAM’s Florida team, which is led by Southeast executive vice president Kat Flores.

“Our first priority is always people—our team members and our clients,” Flores said. “We look forward to learning and growing with our new colleagues as well as bringing AKAM’s hospitality-led services and solutions to customers.”