Preservation Management
Preservation Management, Inc. is a private residential property management firm founded in 1990 in South Portland, Maine, specializing in affordable housing under Section 8, LIHTC, and Rural Development programs. It manages 9,800+ units across 17 states with 300+ professionals.
- Company typePrivate
- Founded1990
- HeadquartersSouth Portland, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Preservation Management does
Preservation Management, Inc. (PMI) is a privately held, full-service residential property management firm founded in 1990 and headquartered in South Portland, Maine. The company specializes in affordable housing — managing project-based Section 8, Low-Income Housing Tax Credit (LIHTC), Rural Development, and Rental Assistance Demonstration (RAD) multifamily properties for property owners and investors. Its portfolio spans 9,800+ units across 17 states, supported by a team of more than 300 professionals including regional managers, compliance specialists, and a dedicated Resident Services Coordinator function.
PMI's service offering is structured around three integrated product lines: Property Services (asset management, unit leasing, rent collection, compliance, and asset preservation), Resident Services (on-site community programming including health screenings, food assistance, and educational workshops), and Property Search/Rent Payment (online tools accessible to residents through the corporate website). The underlying technology stack is not proprietary; PMI relies on RealPage, an industry-standard property management platform, for tenant interfaces and operational systems, and on Google Analytics for web traffic analysis. Compliance infrastructure is differentiated, with a dedicated VP of Compliance & Database Management and a Director of Compliance & Special Assets focused on HUD, LIHTC, and Rural Development program oversight.
The business model is B2B managed services revenue: PMI charges contractual property management fees to property owners under long-term engagement agreements, with pricing based on individual management contracts that are not publicly disclosed. The go-to-market is enterprise field sales — direct, relationship-based outreach to affordable housing owners, LIHTC syndicators, and HUD program participants — augmented by the company's related-party alignment with Evergreen Partners, a co-owned real estate development and ownership firm. Customer concentration is deliberately diversified across hundreds of owner-clients, and the company's scale and incumbency in affordable housing regulatory programs constitute the principal moat against new entrants.
Preservation Management firmographics
Firmographics- Name
- Preservation Management
- Legal name
- Preservation Management, Inc.
- Website
- https://preservationmanagement.com
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Preservation Management, Inc. is a private residential property management firm founded in 1990 in South Portland, Maine, specializing in affordable housing under Section 8, LIHTC, and Rural Development programs. It manages 9,800+ units across 17 states with 300+ professionals.
- Ownership category
- akta.pro rank
Preservation Management industry classification
Industry- Product category
- Affordable Housing Property Management
- NAICS
- Residential Property Managers (531311), Real Estate Property Managers (53131)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Affordable Housing Property Management (BPAJAGAJ)
- akta.pro secondary industries
- Affordable & Public Housing Asset Management (BPAJAMAI), Multifamily Apartment Property Management (BPAJAFAA)
Keywords
Where Preservation Management is headquartered
LocationHeadquarters
- HQ city
- South Portland
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Preservation Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Property Management Services: PMI generates revenue through comprehensive property management fees charged to property owners for managing affordable residential multifamily, subsidized, and tax credit properties. Services include asset management, tenant placement, rent collection, compliance management, and maintenance.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Preservation Management product offering
Product offeringCore offering
Preservation Management, Inc. provides comprehensive full-service residential property management for affordable housing owners and investors, covering asset management, leasing, rent collection, regulatory compliance, and asset preservation across multifamily, subsidized, and tax-credit properties in 17 states. The firm supplements core property management with on-site Resident Services coordination (community resource connections, health programs, food assistance, educational workshops) and supports residents with online property search and rent payment tools.
Product overview
Preservation Management, Inc. (PMI) is a full-service residential property management company that operates as a single unified offering rather than a platform-plus-modules architecture. The company's primary service is comprehensive affordable housing property management, encompassing Property Services (asset management, leasing, rent collection, compliance), Resident Services (on-site coordination, community programs), Property Search, and Rent Payment functionality. With a portfolio of 9,800+ units across 17 states, PMI manages affordable multifamily, subsidized, and tax credit properties through integrated Property Services and Resident Services programs.
Differentiator
Problem solved
Functional benefit
Products and services
- Property Services Full-service asset management for affordable housing owners covering unit leasing, rent collection, asset preservation, and regulatory compliance (HUD, LIHTC, Rural Development, RAD) across 17 states. The offering is targeted at property owners, investors, and syndicators of multifamily, subsidized, and tax-credit affordable housing portfolios.
- Resident Services On-site Resident Services Coordinator (RSC) program providing affordable housing residents with community resource connections, health screenings, food assistance programs, educational workshops, and community-building activities. Delivered on-site at PMI-managed properties for residents of affordable housing.
- Community Programs
Quantifiable outcome
- Manages portfolio of 9,800+ units across 17 states
- +1 more outcomes
Companies that use Preservation Management
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
Preservation Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Preservation Management partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Evergreen PartnerscoreEvergreen Partners is a real estate development company focused on the acquisition, redevelopment, and long-term ownership of quality affordable rental housing. The principals of Evergreen are owners and board members of Preservation Management, Inc., creating a closely aligned strategic partnership in the affordable housing sector.
Scale indicators4 records
Recent moves8 records
Expansion highlights4 records
Preservation Management competitors and assessment
Company assessmentDirect peers
- WinnCompanies: One of the largest affordable and workforce housing property managers in the U.S., managing over 100,000 units across multiple federal programs including Section 8 and LIHTC. Directly comparable to PMI in core service offering, regulatory expertise, and target customer base of property owners and investors.
- Conifer Realty: Vertically integrated affordable and market-rate housing developer and manager operating primarily in the Northeast and Mid-Atlantic, similar to PMI's geographic concentration. Manages LIHTC and Section 8 properties with comparable resident services programs.
- Peabody Properties: New England-based residential property management firm specializing in affordable housing, LIHTC, and subsidized properties. Similar to PMI in regional focus, regulatory program expertise, and mid-sized portfolio scale (approximately 25,000+ units managed).
- Beacon Communities: Affordable housing developer and property manager with a portfolio of approximately 18,000 units across the eastern U.S. Directly comparable to PMI in target programs (LIHTC, Section 8) and focus on resident services alongside property management.
- Hallkeen Management: New England-based property management firm managing affordable, market-rate, and mixed-use properties with comparable mid-sized portfolio. Overlaps with PMI in geographic footprint and affordable housing program expertise.
- Preservation of Affordable Housing (POAH): Nonprofit affordable housing owner and operator managing over 12,000 units across multiple states. Directly comparable to PMI in affordable housing mission, portfolio scale, and multi-state operations, though structured as a nonprofit.
- Dominium: Affordable housing developer and manager with over 50,000 units across 20+ states, specializing in LIHTC and Section 8 properties. Directly comparable to PMI in core programs, though larger in scale and with deeper development capabilities.
Broad incumbents
- The Related Companies: Major national real estate developer with a substantial affordable housing division (Related Affordable). Significantly larger than PMI but directly comparable in affordable housing management capabilities and federal program expertise.
- Greystar Real Estate Partners: Largest multifamily property manager globally, managing over 800,000 units including affordable housing portfolios. Competes with PMI for affordable housing contracts but operates across a much broader range of asset types and offers superior technology and scale.
- Cushman & Wakefield: Global real estate services firm with a multifamily and affordable housing management practice. Competes with PMI for institutional affordable housing management contracts and offers significantly broader service capabilities.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Preservation Management social profiles
Digital presencePreservation Management compliance and trust
Trust signalCompliance2 records
Preservation Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Preservation Management leadership team
Management profileNumber of profiles
Profiles14 records
Preservation Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Preservation Management 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 Preservation Management
What does Preservation Management do?
Preservation Management, Inc. provides comprehensive full-service residential property management for affordable housing owners and investors, covering asset management, leasing, rent collection, regulatory compliance, and asset preservation across multifamily, subsidized, and tax-credit properties in 17 states. The firm supplements core property management with on-site Resident Services coordination (community resource connections, health programs, food assistance, educational workshops) and supports residents with online property search and rent payment tools.
Is Preservation Management a public or private company?
Preservation Management is a private company. It is classified as management employee owned and is currently operating.
When was Preservation Management founded?
Preservation Management was founded in 1990. It employs 101 to 250 people.
Where is Preservation Management based?
Preservation Management is headquartered in South Portland, United States, in the North America region.
How does Preservation Management make money?
One revenue line is on record: property Management Services.
Who are Preservation Management's main competitors?
Direct peers on record are WinnCompanies, Conifer Realty, Peabody Properties, Beacon Communities, Hallkeen Management, Preservation of Affordable Housing (POAH) and Dominium. Broad incumbents are The Related Companies, Greystar Real Estate Partners and Cushman & Wakefield.
Does Preservation Management have an API?
No public API is recorded for Preservation Management.
What industry is Preservation Management in?
Preservation Management's product category is Affordable Housing Property Management. Its primary akta.pro industry code is BPAJAGAJ, Affordable Housing Property Management, with a secondary code of BPAJAMAI, Affordable & Public Housing Asset Management. Its NAICS code is 531311 and its SIC code is 6531.