The Ashtin Group
The Ashtin Group (operating as AKAM Living Services) is a private, NYC-headquartered residential and commercial property management firm serving condominiums, cooperatives, homeowner associations, multifamily, new development, and commercial properties across New York and Florida through its core AKAM brand and subsidiaries Orsid, Metro Management, and Hoffman Management.
- Company typePrivate
- Founded1983
- HeadquartersNew York, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What The Ashtin Group does
The Ashtin Group operates AKAM Living Services, Inc., a private, New York-headquartered residential and commercial property management firm founded in 1983 (legal entity AKAM Living Services, Inc.). The company manages condominiums, cooperatives, homeowner associations, new development properties, commercial spaces, and multifamily rental communities across the New York metro area and South/Southeast Florida, with corporate offices in Manhattan, Ardsley, Dania Beach, and Wellington. The platform comprises the core AKAM brand plus three wholly-owned, brand-retained subsidiaries: Orsid New York (luxury/upscale, founded 1955, 260+ properties), Metro Management Development (midscale, founded 1985), and Hoffman Management (Manhattan-focused, founded 1990, 70 properties / 4,300+ residences).
AKAM's service portfolio spans full-service property management (on-site managers, financial administration, compliance, vendor coordination), capital project management, energy management (including NYC Local Law 97 advisory), brokerage, insurance and risk management, a two-track procurement program that negotiates volume discounts for managed properties, and building compliance support. Underpinning operations is the proprietary "Residential Intelligence" (ResIQ) business philosophy launched in June 2024 — a five-pillar framework (financial expertise, technological intelligence, practical sensibility, creativity, emotional awareness) coupled with a Facilities Management Platform for digital asset lifecycle tracking.
Revenue is generated through recurring management retainers paid by property boards and HOAs, supplemented by transaction fees (brokerage commissions), project oversight fees (capital improvements), professional services fees (energy, insurance advisory), and procurement-driven vendor rebate arrangements. Customer acquisition is primarily RFP-driven from boards and HOAs, supplemented by an education-led content strategy (Board Member 101 campaign, ResIQ podcast, regulatory webinars) and acquisition-led growth. Audax Private Equity acquired the platform from Nautic Partners in March 2026; CEO Ken Greene and the senior management team retained their roles.
The Ashtin Group firmographics
Firmographics- Name
- The Ashtin Group
- 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
- The Ashtin Group (operating as AKAM Living Services) is a private, NYC-headquartered residential and commercial property management firm serving condominiums, cooperatives, homeowner associations, multifamily, new development, and commercial properties across New York and Florida through its core AKAM brand and subsidiaries Orsid, Metro Management, and Hoffman Management.
- Ownership category
- akta.pro rank
Where The Ashtin Group is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
The Ashtin Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Property Management Services: AKAM charges property management fees for overseeing condominiums, cooperatives, HOAs, multifamily communities, new developments, and commercial spaces. Revenue is generated through ongoing management retainer fees tailored to property type and portfolio size.
- Capital Project Management: AKAM earns fees for overseeing capital renovation and construction projects on behalf of managed properties, including communication, budgeting, supervision, and quality control.
- Brokerage Services: Residential and commercial real estate brokerage services including buying, selling, and leasing, earning commissions on transactions.
- Insurance & Risk Management: Risk management and insurance advisory services connecting boards with insurance brokers for coverage optimization.
- Energy Management Services: Energy auditing, compliance planning, and efficiency improvement services for buildings, generating fee revenue.
- Procurement Services: Procurement program that provides access to discounted vendor pricing; operated as a no-cost value-add program for managed properties.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
The Ashtin Group product offering
Product offeringCore offering
AKAM delivers comprehensive property management services for residential and commercial properties, including on-site dedicated management teams, financial administration, capital project oversight, energy compliance and management, real estate brokerage, insurance and risk advisory, a two-track procurement program, and building compliance services. The company operates a multi-brand portfolio (AKAM, Orsid, Metro Management Development, Hoffman Management) serving condominiums, cooperatives, homeowner associations, new developments, commercial spaces, and multifamily communities across New York and Florida.
Product overview
AKAM is a property management and brokerage company operating a multi-brand portfolio consisting of its core AKAM brand alongside three acquired subsidiaries: Orsid (luxury/upscale), Metro Management Development (midscale), and Hoffman Management (Manhattan-focused). The company offers comprehensive property management services powered by its proprietary 'Residential Intelligence' (ResIQ) business philosophy, encompassing core services including Property Management, Capital Project Management, Energy Management, Brokerage, Insurance & Risk Management, Procurement, and Building Compliance. Technology offerings include a Facilities Management Platform for digital asset lifecycle management. The company also provides educational content through its Board Member 101 program and ResIQ Podcast series, serving condominiums, cooperatives, homeowner associations, new developments, commercial spaces, and multifamily communities primarily in New York and Florida.
Differentiator
Problem solved
Functional benefit
Products and services
- Property Management Services Full-service property management for condominiums, cooperatives, homeowner associations, new development properties, commercial spaces, and multifamily communities across NYC and Florida. Services include on-site dedicated management teams, financial administration, maintenance coordination, compliance, and vendor management.
- Capital Project Management Dedicated team handling all aspects of capital improvement projects for managed properties, focusing on communication, budgeting, supervision, and quality control from conception through completion.
- Energy Management Services Energy compliance and management services including customized building plans to reduce costs and energy consumption while meeting regulatory compliance standards, with expertise on incentives for energy-efficient improvements.
- Brokerage Services Residential and commercial real estate brokerage services for buying, selling, and leasing properties, leveraging deep market knowledge to secure competitive rates for clients.
- Insurance & Risk Management
Quantifiable outcome
- Cooling tower replacement project resulted in 40% energy savings and 50% water savings for NoMad Co-Op
- +3 more outcomes
Companies that use The Ashtin Group
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
The Ashtin Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
The Ashtin Group partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor.
- National Maintenance SupplyminorNational Maintenance Supply is a leading company specializing in facility maintenance supplies and services. AKAM's procurement program provides customers access to National Maintenance Supply through its negotiated vendor pricing, with AKAM awarding $500 vouchers as prizes during Customer Appreciation Day raffles.
- PearlgreenminorPearlgreen is a family-owned and operated building maintenance and contractor supply company. AKAM's procurement program provides customers access to Pearlgreen through its negotiated vendor pricing, with AKAM awarding $250 vouchers as prizes during Customer Appreciation Day.
- CintasminorCintas is a trusted leader in uniforms, facility supplies, and safety solutions. AKAM partnered with Cintas to offer $500 vouchers as prizes during Customer Appreciation Day raffles, reflecting an ongoing vendor relationship through AKAM's procurement program.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
The Ashtin Group competitors and assessment
Company assessmentBroad incumbents
- Greystar Real Estate Partners: Greystar is the largest multifamily property manager and operator in the U.S. While it focuses more on rental multifamily than condos/co-ops, it competes with AKAM in the multifamily rental and new development leasing segment that VP Adam Hirsch has scaled 5x.
- Lincoln Property Company: Lincoln Property Company is a national residential and commercial property manager with significant multifamily and mixed-use exposure. It competes with AKAM's commercial and multifamily service lines across multiple U.S. markets.
- Associa: Associa is the largest U.S. HOA and community association manager, serving thousands of communities nationwide. It is a broad incumbent that competes with AKAM's HOA segment in Florida and increasingly in the Northeast as it expands geographically.
Emerging players
- ZRS Management: ZRS Management is a growing third-party multifamily property manager focused on luxury and Class A communities. It overlaps with AKAM's growing multifamily rental and new development practice, particularly in high-end urban markets.
Direct peers
- Brown Harris Stevens Residential Management: Brown Harris Stevens manages a substantial portfolio of luxury co-op, condo, and townhouse properties in NYC, directly competing with AKAM and Orsid for high-end board contracts. Comparable service-led positioning and customer base.
- Halstead Management Company: Halstead is a NYC-focused property management and brokerage firm that manages condos, co-ops, and rentals in Manhattan and Brooklyn. It overlaps with AKAM in NYC service lines and competes in similar price/quality tiers.
- FirstService Residential: FirstService Residential is the #1 property management firm in NYC and the largest residential property manager in North America, serving the same condo, co-op, and HOA board customers as AKAM. It is AKAM's primary head-to-head competitor in NYC RFPs and provides a natural valuation benchmark.
- Rose Associates: Rose Associates is a long-established NYC property management and development firm managing a large portfolio of luxury residential, condo, and rental properties. It directly competes with AKAM and its Orsid subsidiary in the upscale Manhattan segment.
- Worth Ross Management Co. Worth Ross is a NYC-based property management firm specializing in cooperatives, condominiums, and rental buildings. It directly competes with AKAM in the Manhattan co-op/condo segment and serves a comparable mid-to-upscale customer base.
- Castle Group: Castle Group is a large Florida-based property management firm serving condominiums, HOAs, and luxury high-rise communities — directly competing with AKAM's Southeast operations and recognized as a leading Florida community association manager.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks2 records
Key highlights7 records
Customer concentration
The Ashtin Group social profiles
Digital presenceThe Ashtin Group compliance and trust
Trust signalCompliance3 records
The Ashtin Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Ashtin Group leadership team
Management profileNumber of profiles
Profiles17 records
The Ashtin Group subsidiaries and ownership
Company hierarchySubsidiaries3 records
The Ashtin Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Ashtin Group 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 The Ashtin Group
What does The Ashtin Group do?
AKAM delivers comprehensive property management services for residential and commercial properties, including on-site dedicated management teams, financial administration, capital project oversight, energy compliance and management, real estate brokerage, insurance and risk advisory, a two-track procurement program, and building compliance services. The company operates a multi-brand portfolio (AKAM, Orsid, Metro Management Development, Hoffman Management) serving condominiums, cooperatives, homeowner associations, new developments, commercial spaces, and multifamily communities across New York and Florida.
Is The Ashtin Group a public or private company?
The Ashtin Group is a private company. It is classified as private equity controlled and is currently operating.
When was The Ashtin Group founded?
The Ashtin Group was founded in 1983. It employs 251 to 500 people.
Where is The Ashtin Group based?
The Ashtin Group is headquartered in New York, United States, in the North America region.
How does The Ashtin Group make money?
Six revenue lines are on record. Property Management Services are the primary driver. The others are capital Project Management, brokerage Services, insurance & Risk Management, energy Management Services and procurement Services.
Who are The Ashtin Group's main competitors?
Broad incumbents on record are Greystar Real Estate Partners, Lincoln Property Company and Associa. ZRS Management is listed as an emerging player. Direct peers are Brown Harris Stevens Residential Management, Halstead Management Company, FirstService Residential, Rose Associates, Worth Ross Management Co. and Castle Group.
Does The Ashtin Group have an API?
No public API is recorded for The Ashtin Group.