Akam

What Akam does

AKAM (legal entity: AKAM Living Services, Inc.) is a New York-headquartered property management and real estate services firm founded in 1983 that manages approximately 500 properties across condominiums, cooperatives, homeowner associations, new development properties, commercial spaces, and multifamily communities. The firm operates from dual corporate headquarters in New York City (99 Park Avenue) and South Florida (Dania Beach), with satellite offices in Westchester County and Palm Beach, making it the #2 property management firm in NYC by The Real Deal's ranking. Following its February 2026 acquisition by Audax Private Equity from Nautic Partners, AKAM continues to operate under existing CEO Ken Greene with the management team intact.

The company's service portfolio spans core property management (recurring management fees), capital project management (project-based), energy management and regulatory compliance (including Local Law 97 advisory), residential and commercial brokerage (commission-based), insurance and risk management advisory, and a two-track procurement program that delivers negotiated vendor pricing and a Facilities Management Platform. AKAM differentiates through its Residential Intelligence (ResIQ) business philosophy, which integrates five pillars — financial expertise, technological intelligence, practical sensibility, creativity, and emotional awareness — into service delivery. The firm deploys proprietary technology platforms including the LifeCycle Platform (QR-code-based digital asset management for tracking building equipment lifecycle, warranties, and maintenance) and the Board Member 101 educational platform with its ResIQ podcast series.

AKAM operates a multi-brand structure: the flagship AKAM brand serves upscale and luxury markets, Metro Management Development (acquired March 2025) serves the midscale segment, and Orsid (unified November 2025) extends the firm's NYC and Florida presence. The company has executed six acquisitions since 2022 under a Buy & Build strategy, including Property Management Resources (Florida, June 2024), Metro Management Development (NYC, March 2025), Orsid (November 2025), and Hoffman Management (NYC, December 2025). With over 1,000 team members serving properties across New York (Manhattan, Brooklyn, Bronx, Queens, Long Island, Westchester, Connecticut) and Florida (South Florida, Palm Beach), AKAM generates revenue primarily through recurring property management fees on a custom quote-based "Request A Proposal" pricing model tailored to each client's property type, size, and service scope.

Name

Akam

Legal name

AKAM LIVING SERVICES, INC.

Website

https://akam.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

251–500 employees

Short description

AKAM (founded 1983, New York) is a property management firm serving approximately 500 condominiums, cooperatives, HOAs, commercial, and multifamily properties across New York and Florida, operating under Audax Private Equity ownership with over 1,000 team members and a Buy & Build acquisition strategy.

Ownership category

akta.pro rank

Product category

Property Management Services

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311), Nonresidential Property Managers (531312), Offices of Real Estate Agents and Brokers (5312)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)

akta.pro primary industry

HOA / Condominium Association Management (BPAJAFAH)

akta.pro secondary industries

Association Maintenance, Vendor & Capital Project Management (BPAJAHAM), Mixed-Use Property Management (BPAJAGAE), New Development / Declarant Transition Management (BPAJAHAK), Habitational / Residential Property Managers BOP (FSAJAFAN)

Keywords

• Property management services
• Condominium management
• Cooperative housing management
• Capital project management
• Energy management consulting

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Property Management Services: Core property management services for condominiums, cooperatives, homeowner associations, new development properties, commercial spaces, and multifamily communities. Revenue is generated through ongoing management fees.
2. Capital Project Management: Dedicated team handling all aspects of capital projects including communication, budgeting, oversight, and quality control. Project-based revenue.
3. Energy Management Services: Energy compliance, regulatory compliance, and personalized energy reduction plans. Includes expertise on incentives for energy-efficient improvements.
4. Brokerage Services: Residential and commercial brokerage for buying, selling, and leasing properties. Commission-based revenue.
5. Insurance & Risk Management: Connects insurance brokers with board members, providing expert policy analysis for personalized and cost-effective coverage, and strategic risk mitigation advice.
6. Procurement Services: Two-track procurement program: Track I for sourcing and strategic acquisitions; Track II for facilities management platform optimizing asset lifecycle, maintenance, and risk reduction.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

AKAM provides comprehensive on-site property management services for condominiums, cooperatives, homeowner associations, new development properties, commercial spaces, and multifamily communities in New York and Florida. Its core delivery is wrapped in the Residential Intelligence (ResIQ) philosophy and supported by capital project management, energy management, brokerage, insurance and risk management, and a two-track procurement program that includes the LifeCycle digital asset management platform.

Product overview

AKAM is a property management and real estate services company operating through a platform-plus-modules architecture. The core offering centers on Property Management services delivered across multiple subsidiaries (AKAM, Orsid, Metro Management) serving condominiums, cooperatives, homeowner associations, commercial properties, and multifamily communities in New York and Florida. Supporting modules include Capital Project Management, Energy Management, Brokerage, Insurance & Risk Management, and a two-track Procurement Program with a Facilities Management Platform. AKAM differentiates through its Residential Intelligence (ResIQ) business philosophy and technology platforms including the LifeCycle Platform (digital asset management via QR codes) and Board Member 101 (educational resources and podcast). The company serves distinct market segments: AKAM focuses on upscale/luxury markets while Metro Management serves the midscale market.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Comprehensive on-site property management services for condominiums, cooperatives, homeowner associations, new development properties, commercial spaces, and multifamily communities, covering all legal, financial, and operational aspects of property management.
• Capital Project Management Dedicated team handling all aspects of capital projects including communication, budgeting, supervision, and quality control to ensure smooth project execution from start to finish for property boards and owners.
• Energy Management Energy compliance and regulatory services with customized building plans aimed at reducing energy costs and consumption while meeting building compliance standards, including expertise in energy-efficient incentive programs for property owners.
• Brokerage Residential and commercial real estate brokerage services for buying, selling, or leasing properties, providing competitive rates and seamless transaction processing for property owners and residents.
• Insurance & Risk Management Connects insurance brokers with board directors ensuring comprehensive protection and optimized investments with minimal risk, including expert policy analysis for customized and cost-effective coverage and strategic risk mitigation advice.
• Procurement Two-track procurement program: Track I focuses on sourcing and strategic acquisitions for high-quality vendors and sellers; Track II provides a Facilities Management Platform for optimizing building asset lifecycle management, maintenance efficiency, risk reduction, and significant savings.
• AKAM Living Services Primary subsidiary brand of AKAM, serving upscale and luxury property markets in New York and Florida with comprehensive property management and real estate services.
• Orsid Subsidiary of AKAM providing property management services primarily serving condominiums, cooperatives, and homeowner associations in New York and Florida markets. Acquired in November 2025.
• Metro Management Development Subsidiary of AKAM specializing in the midscale property management market in New York. Acquired in March 2025 and continues operating independently under President David Baron.

Quantifiable outcome

• Energy savings of $24,000 annually for a NYC condominium through rooftop exhaust fan upgrades
• +4 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• Ropes & GrayminorImplementation/ SI/ Consulting Partner · 17 March 2026Ropes & Gray served as legal advisor to Audax Private Equity on its acquisition of AKAM. The law firm highlighted its multidisciplinary team including private equity, finance, employment, and tax partners who handled the advisory work.
• Hoffman ManagementminorStrategic or Co-development Partner · 1 December 2025AKAM acquired New York-based Hoffman Management, expanding its presence and capabilities in the New York market.
• OrsidcoreStrategic or Co-development Partner · 1 November 2025Property management companies AKAM and Orsid united to deliver better value and service across New York and Florida. The union combined AKAM's luxury market expertise with Orsid's established New York presence.
• Metro Management DevelopmentcoreStrategic or Co-development Partner · 3 March 2025AKAM acquired Metro Management Development, a New York-based property management firm recognized for customer-first approach and excellent service delivery. Metro specializes in the midscale market while AKAM focuses on upscale/luxury. Both companies will operate independently while leveraging combined scale for better vendor pricing. Metro retains its name and is led by David Baron as President.
• Property Management Resources (PMR)minorStrategic or Co-development Partner · 5 June 2024AKAM acquired Property Management Resources (PMR), a Florida-based property management company. The deal expanded AKAM's management capabilities and services in Florida, integrating PMR's portfolio and staff into AKAM's operations under a hub-and-spoke growth model.
• National Maintenance SupplyminorOthersA leading company specializing in facility maintenance supplies and services. Partnered with AKAM's Customer Appreciation Day program, providing $500 vouchers to winning properties.
• PearlgreenminorOthersA family-owned and operated building maintenance and contractor supply company. Partnered with AKAM's Customer Appreciation Day program, providing $250 vouchers to winning properties.
• CintasminorOthersA trusted leader in uniforms, facility supplies and safety solutions. Partnered with AKAM's Customer Appreciation Day program, providing $500 vouchers to winning properties.
• Con Edison PowerReady ProgramminorOthersCon Edison's PowerReady program provided a $4,985,000 incentive to offset the $8.4 million cost of installing 423 EV chargers at Hilltop Village Co-op managed by AKAM.
• NYSERDAminorOthersNew York State Energy Research and Development Authority provided approximately $500,000 in funding for the EV charging station installation at Hilltop Village Co-op.
• DVM IndustriesminorOthersEnergy solutions company that installed EV charging equipment at Hilltop Village Co-op and holds a 10-year contract to operate the stations. Absorbed the $3 million shortfall of the $8.4 million project cost.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Greystar: Global leader in multifamily rental property management, investment, and development. Overlaps with AKAM's multifamily/rental division, which grew five-fold, but at vastly greater scale and a national/international footprint.
• Lincoln Property Company: National multifamily and commercial property management firm with significant NYC and Florida presence. Competes for some of AKAM's multifamily and commercial management clients, though at a much larger diversified scale.
• Associa: Largest community association management company in North America, serving HOAs, condominiums, and co-ops nationally. Overlaps with AKAM's HOA/condo management business but at significantly larger scale and broader geographic footprint.

Direct peers

• FirstService Residential: Largest property management firm in NYC and North America, ranked #1 on The Real Deal's list (AKAM is #2). Directly competes for the same condo, co-op, and HOA boards across NYC, Florida, and other major metros with comparable full-service offerings including capital project management and brokerage.
• Maxwell-Kates: Specialized NYC condominium and cooperative management firm serving mid-sized to large residential buildings. Directly competes for the same board clients with a comparable service model focused on financial management and capital projects.
• Rose Associates: NYC-focused property management, leasing, and development firm with deep condo/co-op portfolio. Competes head-to-head for upscale and luxury residential boards in Manhattan and surrounding boroughs.
• Charles H. Greenthal Management: Long-established NYC property management firm serving condos, co-ops, and rental buildings. Competes in the same NYC metro submarket with similar comprehensive management and capital project services.
• The Andrews Organization: Florida HOA and condominium management firm serving community associations across the state. Overlaps with AKAM's Florida operations and competes for similar board clients in South and Central Florida.
• BHS Residential Management: NYC-based residential property management division of Brown Harris Stevens, serving luxury cooperatives, condominiums, and rental buildings. Competes directly with AKAM in the upscale Manhattan condo/co-op segment.
• Castle Group: Florida-based property management firm specializing in condominium and homeowner association management. Directly competes with AKAM's Southeast operations in South Florida for HOA and condo boards.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/akamlivingservices
• LinkedInlinkedin.com/company/akammanagement
• Instagraminstagram.com/akamliving

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Akam