Ciminelli Real Estate

What Ciminelli Real Estate does

Ciminelli Real Estate Corporation is a privately held, family-owned full-service real estate firm founded in 1981 and headquartered in Buffalo, New York. The company operates as an integrated platform with six service lines: development, property management, HOA management, asset management, brokerage (delivered through the Newmark Ciminelli partnership), and investments. From offices in New York (Buffalo), Florida (Tampa), Pennsylvania (Carnegie/Pittsburgh), and Massachusetts (Rockland), it manages a portfolio of more than 700 commercial and residential properties totaling over 23 million square feet across seven to eight states. Revenue streams are predominantly fee-based, including managed-service contracts (property and HOA management), professional services (development, brokerage, investment advisory), and modest transactional revenue from an online HOA document catalog priced at $50-$175 per document. Its Florida subsidiary holds the Accredited Management Organization (AMO) designation, held by only 537 firms worldwide.

The firm's customer base spans healthcare (Remedy Medical Properties, Catholic Health, WellNow Urgent Care, Aspen Dental), banking (Community Bank), retail (Giant Eagle), and residential communities (e.g., Mountainview Townhomes HOA). Go-to-market is sales-led with regional offices staffed by experienced brokers and property managers, supplemented by content marketing (Ciminelli Chats podcast, blog, YouTube) and event-driven community programming. The company uses SecureCafe and InvestorCafe for tenant and investor workflows, Stripe for document sales, and Constant Contact for email outreach. Recent strategic activity includes a 2025 leadership hire (VP of Investments Ryan Zebro, recruited from Boston), a proposed 2025-12 conversion of the historic Bank of America Building at 10 Fountain Plaza into 160 residential apartments, ongoing public art programming, and continued geographic expansion into Massachusetts with $160M+ in completed investments under that office's leadership.

Name

Ciminelli Real Estate

Legal name

Ciminelli Real Estate Corporation

Website

https://ciminelli.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

101–250 employees

Short description

Ciminelli Real Estate Corporation is a privately held, family-owned full-service real estate firm founded in 1981 in Buffalo, NY, providing integrated development, property management, HOA management, asset management, brokerage, and investment services across 700+ properties and 23M+ square feet in seven to eight U.S. states.

Ownership category

akta.pro rank

Headquarters

HQ city

Buffalo

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: Full-service property management for commercial and residential properties including facilities maintenance, HVAC maintenance, tenant relations, and 24/7 service delivery.
2. Development Services: Commercial real estate development and redevelopment services including office, mixed-use, and residential projects.
3. Brokerage Services: Leasing, marketing, tenant representation, and acquisition/disposition services through Newmark Ciminelli partnership.
4. HOA Management: Homeowners association management including administrative support, financial management, budgeting, and community maintenance.
5. Investment Services: Investment strategy, equity sourcing, and structuring partnerships with institutional and high-net-worth investors. The company creates diversified real estate investment funds.
6. Document Products: Online sale of HOA and property documents including financial statements, rules and regulations, by-laws, and compliance certificates ranging from $50-$175 per document.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Ciminelli Real Estate is a vertically integrated commercial real estate firm offering development services, property management, HOA management, asset management, brokerage services through its Newmark Ciminelli affiliation, and direct real estate investment opportunities. The firm manages office, medical, retail, industrial, residential, and mixed-use properties for institutional owners, investors, and homeowner associations across the Northeast, Mid-Atlantic, and Florida.

Product overview

Ciminelli Real Estate Corporation is a full-service real estate company operating as a platform of integrated services since 1981. The core offering consists of six interconnected service lines: Development Services, Property Management, HOA Management, Asset Management, Brokerage Services (through the Newmark Ciminelli partnership), and Investments. These services are complemented by a document catalog system for HOA/property document preparation and delivery, and residential/commercial property search capabilities. The company serves clients across seven states from offices in New York, Florida, Pennsylvania, and Massachusetts, managing over 700 properties representing more than 23 million square feet.

Differentiator

Problem solved

Functional benefit

Brands

• Newmark Ciminelli: Brokerage services joint venture or partnership with Newmark for commercial real estate leasing and sales
• Ciminelli Real Estate Services of Florida
• Ciminelli Chats

Products and services

• Development Services Full-service real estate development including site identification, planning, construction oversight, and project delivery for office, residential, mixed-use, and commercial properties owned or developed in partnership with investors.
• Property Management Day-to-day operations, maintenance, tenant relations, and accounting for office, medical, retail, industrial, residential, and mixed-use properties under the firm's AMO-accredited management platform, supported by the SecureCafe tenant portal.
• HOA Management Administrative, financial, and operational management services for homeowner and community associations, including governance support, dues collection, and board coordination.
• Asset Management Portfolio-level asset management services for property owners and investors, including performance reporting, capital planning, and investor reporting delivered through the InvestorCafe portal.
• Brokerage Services Commercial real estate brokerage delivered through the Newmark Ciminelli affiliation, providing tenant representation, landlord representation, and investment sales services.
• Real Estate Investments Direct investment offerings in real estate opportunities sourced, structured, and managed by Ciminelli, with ongoing reporting to investors through the InvestorCafe platform.
• HOA Document Products Online catalog of standardized HOA documents available for purchase, including resale certificates, lender questionnaires, and governing document packages ordered via the firm's HOA document portal.

Quantifiable outcome

• Maintained 24/7 service delivery across Pennsylvania portfolio of nearly 2 million square feet
• +2 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• The FoundrycoreStrategic or Co-development PartnerCiminelli has partnered with The Foundry for five years, supporting initiatives such as the Youth Entrepreneurship Program (YEP), which empowers young entrepreneurs and students with tools, resources, and confidence to succeed. The Foundry is a non-profit organization focused on hands-on learning, youth development, and entrepreneurship in Western New York.
• NAIOP Upstate New York ChapterminorOthersRyan Zebro serves as Past President of NAIOP Upstate New York Chapter and currently serves on the NAIOP National Board. The company maintains affiliations with industry organizations including BOMA, CCIM, NAIOP, and REBNY.
• NAIOP National BoardminorOthersRyan Zebro serves on the NAIOP National Board, providing leadership at the national level for commercial real estate development association.
• Hospice Buffalo Palliative CareminorOthersRyan Zebro serves as Board Chair of Hospice Buffalo Palliative Care and Past Board Chair of the Hospice Buffalo Foundation.
• NAIOP Tampa ChapterminorOthersTom McGeachy is a board member and past President of the National Association of Industrial and Office Parks (NAIOP) Tampa Chapter.
• University of Florida College of Real Estate Advisory BoardminorOthersJ. Hunter Swearingen serves on the University of Florida College of Real Estate Advisory Board and University of Tampa Board of Fellows.
• BOMA (Building Owners and Managers Association)minorOthersCompany maintains affiliations with BOMA for networking and professional development. J. Hunter Swearingen is actively involved in BOMA, and Albert Corona is a member of BOMA Pittsburgh.
• CCIM (Certified Commercial Investment Member)minorOthersMultiple team members hold CCIM designations including Tom McGeachy and J. Hunter Swearingen. Company maintains CCIM chapter affiliations.
• YMCA Buffalo NiagaraminorOthersTim Malchow served on the Corporate Board of Directors of the YMCA Buffalo Niagara and has served on the St. Joseph's Hospital Advisory Board and the Erie Canal Heritage Fund Board.
• Explore BuffalominorGTM or Marketing PartnerCiminelli participated in Doors Open Buffalo 2024 organized by Explore Buffalo, opening their downtown buildings to the public for architectural tours.
• Kelly for Kids FoundationminorOthersEd McGinn serves as a member of the Board of Directors of the Kelly for Kids Foundation and the Board of Directors of the Upstate New York Chapter of CCIM.

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Newmark Group: National commercial real estate services firm and Ciminelli's explicit brokerage partner via the Newmark Ciminelli JV. Comparable in offering leasing, tenant representation, and investment sales across U.S. markets.
• Colliers International: Global CRE services firm providing property management, brokerage, valuation, and project management. Closely mirrors Ciminelli's integrated service platform across office, industrial, retail, and healthcare.
• Lincoln Property Company: Major U.S. commercial and residential property manager with development and investment services. Directly comparable in third-party PM, mixed-use development, and multi-state portfolio operations.
• NAI Global: Global network of independently owned commercial real estate firms offering brokerage, property management, and investment services. Comparable mid-market platform with affiliate-led regional model.
• Avison Young: Privately held global CRE services firm offering PM, leasing, valuation, and capital markets. Closely comparable integrated services model and ownership structure to Ciminelli.
• SVN International: Commercial real estate franchise network providing brokerage, property management, and investment services. Comparable mid-market regional operating model across multiple U.S. geographies.

Broad incumbents

• Cushman & Wakefield: Global full-service CRE firm offering property management, valuation, leasing, and capital markets. Comparable in integrated service model though operating at vastly larger national and international scale.
• JLL (Jones Lang LaSalle): Global real estate services firm providing property management, investment sales, leasing, and advisory. Overlaps with Ciminelli's full-service platform but at global scale with deeper institutional capital relationships.
• CBRE Group: Largest global commercial real estate services firm. Directly comparable service lines (PM, leasing, investment sales, development) and overlapping customer base of institutional owners and investors.

Emerging players

• Greystone & Co. U.S. real estate finance, investment, and management firm with comparable investment advisory and asset management services for institutional and high-net-worth investors.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/ciminellirealestate
• Facebookfacebook.com/ciminellifans
• LinkedInlinkedin.com/company/ciminelli-real-estate-corporation
• Instagraminstagram.com/ciminellirealestateny

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Ciminelli Real Estate