Park Tower Condominium Association

Name

Park Tower Condominium Association

Legal name

Park Tower Condominium Association

Website

https://ptcondo.com

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Residential Condominium Association Management

NAICS

Residential Property Managers (531311)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Condominium Association Management (BPAJAHAA)

akta.pro secondary industries

Association Maintenance, Vendor & Capital Project Management (BPAJAHAM), HOA / Condominium Association Management (BPAJAFAH)

Keywords

• Residential property management
• Condominium association services
• Building maintenance services
• Common area amenities
• HOA governance services

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure

Revenue model

1. Association Assessments: Unit owners pay monthly association assessments/fees to fund building operations, maintenance, reserves, and services. The 2026/2027 fiscal year includes a 4.4% assessment increase.

Pricing tiers

Distribution channels1 record

Marketing channels5 records

Core offering

Park Tower Condominium Association manages a 55-story, 901-unit residential high-rise at 5415 North Sheridan Road in Chicago's Edgewater neighborhood, providing unit owners and residents with building maintenance, 24-hour security, common-area amenities (health club, rooftop deck, party room, laundry, parking garage, package room), and resident services such as a SecureCafeNet portal and remote security camera access. Day-to-day operations are handled by professional property manager Habitat Company under the oversight of an elected Board of Directors.

Product overview

Park Tower Condominium Association is a residential condominium building management organization that provides comprehensive services to its residents through multiple interconnected systems and facilities. The association operates a secure resident portal for payments and maintenance workorders (hosted via SecureCafeNet), a security camera network accessible through the Exacq Mobile App, laundry facilities managed by Family Pride, and maintains building amenities including a party room, health club, rooftop deck, and parking garage.

Differentiator

Problem solved

Functional benefit

Products and services

• SecureCafeNet Resident Portal Online resident portal hosted via SecureCafeNet that allows Park Tower unit owners and residents to make association payments and submit maintenance workorders. Targeted at residents of the Park Tower Condominium building.
• Exacq Mobile App Camera Access Mobile service providing Park Tower residents with remote access to the building's Exacq security camera network and fob entry system via smartphone. Targeted at residents who want on-demand visibility into building surveillance.
• Family Pride Laundry Room On-site laundry facility managed by Family Pride for Park Tower residents, featuring Speed Queen machines with real-time availability monitoring via the LaundryRoom app and a card-based payment system. Targeted at residents of the Park Tower building.
• Party Room Reservation Reservable 2nd-floor party room available to Park Tower residents for private events and gatherings. Targeted at residents seeking event space within the building.
• Health Club On-site fitness facility available to Park Tower residents, operated during attendant hours. Targeted at residents of the Park Tower building.
• Rooftop Deck and Roof Garden Building rooftop outdoor space with garden areas available for resident use under posted rules. Targeted at Park Tower residents for outdoor leisure.
• Parking Garage Multi-level parking garage with assigned spaces, valet options, and seasonal power washing maintenance for Park Tower residents. Targeted at residents needing vehicle parking.
• Package Room Managed package delivery and storage room with volunteer sorting services for resident convenience. Targeted at Park Tower residents receiving deliveries.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

15 partnerships are on record, tiered core and minor.

• Harvard Protection ServicescoreOthers · 1 January 2025Hired in fall 2025 to replace Admiral Security for 3rd party roaming and special event security services at Park Tower.
• OTIS ElevatorcoreOthers · 1 January 2024Provides elevator maintenance and repair services for the building's multiple elevators. Currently conducting governor replacement for Elevator #4.
• Family Pride (Laundry Services)coreOthers · 1 January 2024Provides laundry equipment and card/app system for the building's laundry room. Residents can check machine availability via LaundryAware platform.
• Corporate Cleaning ServicescoreOthers · 1 January 2024Current window washing contractor with 5-year contract renewal approved at $38,730/year with 4% annual increases.
• S&P Integrated SolutionscoreOthers · 1 January 2024Provides security system maintenance including camera network and server. Proposed $23,855.30 server replacement for Exacq security system.
• Fox Valley Fire and SafetyminorOthers · 1 January 2024Conducts annual fire alarm system testing for the building.
• Knickerbocker Roofing and PavingcoreOthers · 1 January 2024Selected for racquetball court roof overlay project at $59,825. Is the building's regular maintenance contractor for all roof locations.
• Fluid Technologies Pumps & ControlsminorOthers · 1 January 2024Selected for PRV (pressure reducing valve) station backup installation project at $54,465.
• WJO ChicagominorOthers · 1 January 2024Selected for '02 heating riser expansion joint replacement at $47,535 with $15,000 provision for insulation work.
• Oak Brook Mechanical ServicescoreOthers · 1 January 2024Emergency repair provider for bathroom exhaust fan at $12,542. Also provides HVAC maintenance services.
• Airways Systems Inc.minorOthers · 1 January 2024Selected for kitchen and bath exhaust duct cleaning project at $59,250. Also holds contract for annual laundry room dryer ductwork cleaning.
• Reserve AdvisorscoreOthers · 1 January 2024Professional reserve study provider conducting update at $12,000 (previously $11,300 in 2022).
• Picker and AssociatescoreOthers · 1 January 2024Auditing firm for annual financial audits of the association.
• Habitat CompanycoreOthers · 1 January 2024Professional property management company managing day-to-day operations of Park Tower Condominium Association.
• Splash Pure WaterminorOthers · 1 January 2024Selected for main pool filter replacement at $6,723.

Scale indicators6 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Sentry Management: Community association management company serving condominium, HOA, and cooperative communities across multiple U.S. states. Comparable as a peer management firm providing administrative, financial, and operational services to large associations.
• Habitat Company: Chicago-based property management firm that already manages Park Tower. Directly comparable as the day-to-day operator of the building and a peer to other large-association management firms serving high-rise Chicago condominiums.
• CAMS (Community Association Management Services): Community association management firm serving condominium, HOA, and cooperative communities with a focus on large-scale residential properties. Comparable in scope of services and target customer (community association boards) to Park Tower's management model.
• KW Property Management & Consulting: Community association management firm specializing in large-scale condominium and HOA communities, including high-rise residential properties. Comparable in delivering full-service management, financial, and maintenance services to large condo boards.
• RealManage: Community association management company serving condominium, HOA, and co-op communities nationwide with full-service management, technology, and accounting platforms. Comparable in service model and technology orientation to Park Tower's use of SecureCafeNet and other digital resident tools.
• The Continental Group: Large community association management company focused on condominium and HOA communities, with significant high-rise portfolio. Comparable in business model, scale, and service offering to Park Tower's outsourced management structure.
• Castle Group: Full-service property and community association management company serving luxury high-rise condominium and HOA communities in Florida, with a model highly analogous to upscale urban condo management. Comparable in targeting amenity-rich high-rise residential communities.

Broad incumbents

• FirstService Residential: One of the largest residential property management companies in North America, managing thousands of condominium and HOA communities including many high-rise urban buildings. Directly comparable as a scaled, full-service manager serving large condominium associations like Park Tower.
• Associa: Largest community association management firm in North America, serving condominium, HOA, and co-op communities with full-service management, financial, and maintenance offerings. Comparable as a broad incumbent providing outsourced condo/HOA management at scale.

Regional players

• Wischer Corporate Management / J. Wischer & Associates: Regional Chicago-area community association and condominium management firm serving high-rise and mid-rise residential communities. Comparable as a local peer providing outsourced condo association management in the same geography as Park Tower.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ptcondo
• Facebookfacebook.com/PTCondo

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Park Tower Condominium Association