Paramark Corp
Paramark Corp is a private Rochester, Minnesota-based real estate services firm managing over 6,200 residential units across 103 properties and 32 senior cooperatives in seven U.S. states, offering property management, commercial brokerage, association management, and facility services to owners, tenants, HOAs, and senior cooperatives.
- Company typePrivate
- Founded1971
- HeadquartersRochester, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Paramark Corp does
Revenue is generated through three primary streams: recurring managed-service fees on managed residential and association portfolios, transaction fees on commercial brokerage and investment sales, and facility service fees. Pricing at the unit level is publicly disclosed and varies by property, with observed monthly rents ranging from $421 (Osceola Village senior units) to $1,517 (Mississippi Flats 3-bedroom townhomes), plus standard per-adult application fees of $35. Distribution is direct-to-consumer through the company website, on-site property management at each location, a corporate office support function, and channel partnerships with LoopNet for commercial listings and RCRI for online rental applications. The company is management-owned (CEO Mike Busch, CFO Jesse Lambrecht, and VP Andy Wiesner are all shareholders), holds IREM AMO accreditation and a BBB A+ rating, and operates with 251-500 employees; there is no disclosed external equity, M&A activity, or public listing.
Paramark Corp firmographics
Firmographics- Name
- Paramark Corp
- Legal name
- Paramark Real Estate Services
- Website
- https://paramark.us
- Company type
- Private
- Founded year
- 1971
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Paramark Corp is a private Rochester, Minnesota-based real estate services firm managing over 6,200 residential units across 103 properties and 32 senior cooperatives in seven U.S. states, offering property management, commercial brokerage, association management, and facility services to owners, tenants, HOAs, and senior cooperatives.
- Ownership category
- akta.pro rank
Paramark Corp industry classification
Industry- Product category
- Property Management Services
- NAICS
- Residential Property Managers (531311), Offices of Real Estate Agents and Brokers (53121), Services to Buildings and Dwellings (5617)
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Multifamily Brokerage (BPAJABAD)
- akta.pro secondary industries
- Tenant Representation & Corporate Services Brokerage (BPAJABAJ), Senior Living & 55+ Community Brokerage (BPAJAAAH)
Keywords
Where Paramark Corp is headquartered
LocationHeadquarters
- HQ city
- Rochester
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Paramark Corp business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Property Management Services: Full-service property management for residential and commercial properties, including tenant screening, lease management, maintenance coordination, and rent collection
- Commercial Brokerage: Commercial property sales and leasing services including investment sales and commercial tenant representation
- Association Management: HOA and community association management services including compliance, financial management, and maintenance coordination
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Senior Housing - Osceola Village |
| Unit Pricing | Monthly | Townhomes - Mississippi Flats |
| Unit Pricing | Monthly | Senior Housing - Okabena Tower |
| Unit Pricing | Monthly | Student Housing - University Falls |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Paramark Corp product offering
Product offeringCore offering
Paramark Corp provides full-service property management, association management, and commercial real estate brokerage services for residential, commercial, and senior cooperative properties. The company manages over 6,200 residential units across 103 properties and 32 senior cooperative communities, while also offering commercial brokerage for investment sales and leasing. Services are delivered through a regional on-site management model supported by a centralized corporate office and a tenant portal for online rent payment and service requests.
Product overview
Paramark Corp is a full-service real estate management company offering Commercial Property Management, Residential Property Management, Commercial Brokerage, Association Management, Senior Cooperative Management, and Facility Services. The company manages over 100 residential properties across multiple states including Minnesota, Wisconsin, Iowa, Illinois, Colorado, Texas, and Florida, as well as commercial properties. Their portfolio includes affordable housing, market-rate apartments, senior housing, student housing, and senior cooperative communities.
Differentiator
Problem solved
Functional benefit
Products and services
- Residential Property Management
Companies that use Paramark Corp
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Paramark Corp technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Paramark Corp partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- United PropertiescoreUnited Properties, part of the Pohlad Companies family-owned enterprise, develops Applewood Pointe cooperative communities. Paramark provides property management services for these senior housing cooperatives across multiple Minnesota locations.
- Gerrard CorporationcoreGerrard Corporation is the property owner of 1300 in River Falls, Wisconsin, which Paramark manages. West CAP nominates properties for awards on behalf of this partnership.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Paramark Corp competitors and assessment
Company assessmentBroad incumbents
- Greystar Real Estate Partners: Greystar is the largest multifamily property management and investment firm in the US, managing over 800,000 units globally. Comparable to Paramark because both operate full-service property management across diverse property types and geographies, though Greystar operates at vastly larger scale.
- Lincoln Property Company: Lincoln Property Company is a major diversified real estate services firm offering residential and commercial property management, brokerage, and investment services across the US. Comparable to Paramark because both provide full-service property management with integrated brokerage offerings for multifamily and commercial properties.
- FirstService Residential: FirstService Residential is the largest residential property manager in North America, serving high-rise, condominium, and HOA communities. Comparable to Paramark because both provide residential property management and association management services with similar B2B2C business models.
- Cushman & Wakefield: Cushman & Wakefield is a global commercial real estate services firm offering property management, brokerage, and investment sales. Comparable to Paramark because both offer integrated commercial property management and commercial brokerage (investment sales, tenant rep) services.
- JLL (Jones Lang LaSalle): JLL is a global real estate services and investment management firm offering property management, brokerage, and advisory services. Comparable to Paramark because both provide integrated commercial property management and brokerage services to property owners and investors.
Direct peers
- Asset Living: Asset Living is one of the largest third-party multifamily property managers in the US, managing over 280,000 units across affordable, conventional, and student housing. Comparable to Paramark because both focus on third-party property management with a similar mix of affordable, market-rate, and student housing portfolios.
- Avenue5 Residential: Avenue5 Residential is a national multifamily property management firm managing over 165,000 units. Comparable to Paramark because both are third-party multifamily managers with regional density models and a focus on operational excellence for institutional and private owners.
Others
- RealPage: RealPage is a leading provider of software and data analytics for the multifamily housing industry, serving property managers with technology platforms. Comparable to Paramark because RealPage's property management software platforms (e.g., OneSite) are typical of the technology infrastructure that Paramark and similar managers rely on, representing an adjacent enabling vendor.
Regional players
- Edward Rose & Sons: Edward Rose & Sons is a privately held multifamily developer and property manager operating across the Midwest, managing tens of thousands of units. Comparable to Paramark because both operate as Midwest-based multifamily property managers with similar portfolio profiles, though Edward Rose is also a developer/owner-operator.
- Dougherty & Company (Dougherty Mortgage Capital): Dougherty is a Minneapolis-based financial services firm with multifamily investment sales and property management capabilities in the Midwest. Comparable to Paramark because of overlapping Midwest geography and the combination of brokerage and property management services targeting similar mid-market investors and owners.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Paramark Corp social profiles
Digital presenceParamark Corp financial estimates
Financial estimateRevenue estimate
Valuation estimate
Paramark Corp leadership team
Management profileNumber of profiles
Profiles3 records
Paramark Corp funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Paramark Corp M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Paramark Corp
What does Paramark Corp do?
Paramark Corp provides full-service property management, association management, and commercial real estate brokerage services for residential, commercial, and senior cooperative properties. The company manages over 6,200 residential units across 103 properties and 32 senior cooperative communities, while also offering commercial brokerage for investment sales and leasing. Services are delivered through a regional on-site management model supported by a centralized corporate office and a tenant portal for online rent payment and service requests.
Is Paramark Corp a public or private company?
Paramark Corp is a private company. It is classified as management employee owned and is currently operating.
When was Paramark Corp founded?
Paramark Corp was founded in 1971. It employs 251 to 500 people.
Where is Paramark Corp based?
Paramark Corp is headquartered in Rochester, United States, in the North America region.
How does Paramark Corp make money?
Three revenue lines are on record. Property Management Services are the primary driver. The others are commercial Brokerage and association Management.
Who are Paramark Corp's main competitors?
Broad incumbents on record are Greystar Real Estate Partners, Lincoln Property Company, FirstService Residential, Cushman & Wakefield and JLL (Jones Lang LaSalle). Direct peers are Asset Living and Avenue5 Residential. RealPage is listed as an others. Regional players are Edward Rose & Sons and Dougherty & Company (Dougherty Mortgage Capital).
Does Paramark Corp have an API?
No public API is recorded for Paramark Corp.
What industry is Paramark Corp in?
Paramark Corp's product category is Property Management Services. Its primary akta.pro industry code is BPAJABAD, Multifamily Brokerage, with a secondary code of BPAJABAJ, Tenant Representation & Corporate Services Brokerage. Its NAICS code is 531311 and its SIC code is 6531.