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Southern Management Companies is a privately owned [1] property management company in the Mid-Atlantic United States. [2] [3] [4] [5]The company owns more than 25,000 apartment units [6] across 76 properties, three hotels, [7] and 1 million square feet in commercial space [8] in the Baltimore/DC area and a ski resort, hotel, and conference center, Bear Creek, [9] in Macungie, Pennsylvania.
The property owner in this case signs a property management agreement with the company, giving the latter the right to let it out to new tenants and collect rent. The owners don't usually even know who the tenants are. The property management company usually keeps 10-15% of the rent amount and shares the rest with the property owner.
The Bear Stearns Companies, Inc. was an American investment bank, securities trading, and brokerage firm that failed in 2008 during the 2007–2008 financial crisis and the Great Recession. After its closure it was subsequently sold to JPMorgan Chase .
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The Property Masters Guild (PMG) announced the winners of the inaugural PMG MacGuffin Awards, which is the only awards show to date celebrating the significant artistic achievements of Property ...
The company is organized in Maryland with its headquarters in Highlands Ranch, Colorado. As of December 31, 2020, the company owned interests in 149 apartment communities containing 48,283 apartment units. [1] It is the 19th largest owner of apartments in the United States and the 30th largest apartment property manager in the United States. [2]
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