Cambridge Management Services

What Cambridge Management Services does

Cambridge Management Services, Inc. (CMSI) is a privately held, family-owned boutique property and asset management company headquartered in Altamonte Springs, Florida. Founded in 1991, the firm provides third-party management services for multifamily residential apartment communities and senior living communities across the Southeast, Northeast, and Midwest United States, with specific exposure in Florida, New York, Rhode Island, and Minnesota. CMSI positions itself around quality over scale, emphasizing resident experience, long-tenured staff (nine-year average employee tenure), and senior leadership with 25+ years of industry experience.

CMSI's service offering spans the full multifamily investment lifecycle: property and asset management for owners and investors, acquisition sourcing, new-development lease-up (executed alongside its strategic partner LeCesse Development Corporation), and strategic disposition. The company's "core product" is recurring managed-services revenue generated through management fees on third-party-owned assets. Distribution is conducted via direct property leasing at individual community locations and inbound digital marketing (SEO, Google Ads, paid social, Facebook organic). Underlying operations run on a standardized PropTech stack, supported by an in-house "Cambridge University" training curriculum; however, no proprietary technology, AI/ML capabilities, or API/SDK offerings are publicly disclosed.

The firm's customer base is bifurcated: B2B clients are multifamily property owners and investors (including its partner LeCesse), while B2C end-users are residents leasing units in managed communities. Revenue figures are not publicly disclosed, but President Caleb Keenan's role overseeing transactions exceeding $1.6B in cumulative value across approximately thirty assets indicates a material portfolio under management. The ownership structure is family-controlled with no apparent institutional investors, venture capital backing, or pending M&A activity disclosed.

Name

Cambridge Management Services

Legal name

Cambridge Management Services, Inc.

Website

https://cambridgemsi.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

51–100 employees

Short description

Cambridge Management Services is a privately held, family-owned boutique property and asset management firm providing multifamily and senior living community management, acquisition, lease-up, and disposition services across the Southeast, Northeast, and Midwest United States.

Ownership category

akta.pro rank

Product category

Multifamily Property Management

NAICS

Management of Companies and Enterprises (55), Continuing Care Retirement Communities (623311)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Office Property Management (BPAJAGAA)

Keywords

• Multifamily property management
• Senior living management
• Asset management services
• Apartment community leasing
• Real estate management

Headquarters

HQ city

Altamonte Springs

HQ country

United States

HQ region

North America

Offices1 record

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: Cambridge Management Services generates revenue through property and asset management fees for multifamily and senior living communities they manage on behalf of property owners and investors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Cambridge Management Services is a boutique property and asset management company that owns, develops, acquires, and manages multifamily residential apartment communities and senior living communities. Through its partnership with LeCesse Development Corporation, CMSI delivers end-to-end real estate lifecycle services including property management, asset management, acquisition, development, and disposition across the Southeast, Northeast, and Midwest United States, with concentration in Florida, New York, Rhode Island, and Minnesota.

Product overview

Cambridge Management Services is a boutique property and asset management company offering a unified suite of multifamily and senior living community management services. The company operates as a single integrated offering centered on property management, complemented by acquisition, development, and disposition services. Through its partnership with LeCesse Development Corporation, Cambridge provides end-to-end lifecycle management of apartment communities across the Southeast, Northeast, and Midwest, with a focus on Florida, New York, Rhode Island, and Minnesota markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Multifamily Residential Apartment Management Boutique property and asset management services for multifamily residential apartment communities across the Southeast, Northeast, and Midwest United States, serving property owners, investors, and residents in markets including Florida, New York, Rhode Island, and Minnesota.
• Senior Living Community Management Management services for senior living communities, providing distinctive and inviting residential options for seniors with an emphasis on quality and exceptional service.
• Property Acquisition Services Acquisition of high-quality, geographically diverse apartment homes located in specific growth markets including Florida, New York, Rhode Island, and Minnesota, in partnership with LeCesse Development Corporation.
• Property Development Services Development of new multifamily residential communities through partner LeCesse Development Corporation, supporting end-to-end real estate lifecycle management.
• Asset Disposition Services Strategic disposition of apartment communities to maximize value for investors and partners, completing the full real estate lifecycle alongside acquisition and development services.

Quantifiable outcome

• 37+ years of operating history since 1991
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• LeCesse Development CorporationcoreStrategic or Co-development PartnerLeCesse Development Corporation is Cambridge Management Services' strategic partner in property development and asset management. Both are family-owned companies that work together in the ownership, development, acquisition, management, and disposition of multifamily residential apartment communities. The partnership has been in place since 1991.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Lincoln Property Company: Major national multifamily property manager with ~215,000 units under management. Competes with Cambridge for third-party management contracts from institutional owners and offers similar lease-up and operational capabilities at greater scale.
• Greystar Real Estate Partners: Largest U.S. multifamily property manager and developer with ~$320B AUM. Operates in same multifamily management and investment space as Cambridge but at vastly larger scale; represents the institutional incumbent against which boutique operators compete.
• Camden Property Trust: Multifamily REIT operating ~172 properties across the U.S. Sunbelt. Comparable in multifamily focus and Southeast/Midwest market overlap; representative of institutional owner counterparties in Cambridge's markets.
• Cushman & Wakefield (Multifamily): Global commercial real estate services firm with a multifamily asset services and property management practice. Competes for institutional third-party management mandates and provides benchmarking on owner expectations.
• Mid-America Apartment Communities (MAA): Large public multifamily REIT with ~102,000 units primarily in the Southeast and Southwest. Overlaps with Cambridge's Southeast geographic concentration and provides a public-market benchmark for multifamily operations.

Direct peers

• WinnCompanies: Private multifamily property manager with significant affordable, market-rate, and senior living portfolios. Comparable in private ownership structure and integration of property management with development/acquisition activities.
• Bozzuto Group: Private, family-influenced multifamily property management, development, and construction firm operating across the U.S. East Coast. Closely comparable in service mix (management + development), boutique culture, and regional concentration in markets overlapping with Cambridge.
• LeCesse Development Corporation: Long-standing strategic partner (since 1991) that co-develops, owns, and dispositions multifamily assets that Cambridge manages. Most directly comparable given shared ownership model, family-owned culture, and integrated development/management workflow.
• GCI Residential: Multifamily property management firm where Cambridge SVP Wendy Sikorski previously worked. Directly comparable regional multifamily management operator with similar lease-up focus and ownership relationships.

Emerging players

• Dominium Management Services: Private multifamily manager and developer with significant affordable and market-rate housing portfolios. Comparable in integrated development/management model and similar size to Cambridge.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/cambridgemsi
• LinkedInlinkedin.com/company/cambridge-management-services-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 Cambridge Management Services