Two Leading Community Association Management Companies Form The CAM Collective, with $50 Million of Committed Capital for Further Growth
Newly-formed CAM Collective seeks to bring together like-minded peers while creating a unique exit option for owners
The CAM Collective a network of best-in-class association management companies announced its launch on Thursday with the introduction of new Members executives and investors
National Realty Partners (NRP) of Herndon VA and First Community Management (FCM) of Chicago IL will join The Collective as its founding Members The firms will continue to be led by their founders James Foley (NRP) and Michael Rutkowski (FCM) who will both take significant stakes in The Collective Orlando Remak and Jalen Ross will join Jim and Mike as Co-Founders in The Collective Jalen will focus on providing innovative resources to accelerate each Member Company's organic growth while Orlando will focus on identifying prospective new members to join the Collective
Fueling the Collective's growth ambitions is $50 million of committed capital from a group of investors led by the investment office of the Taubman family Taubman Capital
The Collective's mission is to bring together the best independent community association management companies in the country provide a financial exit for their founders and preserve all the things that make them great: their people culture and deep roots in their local community
We thought: if it ain't broke don't fix it Ross said We knew there were lots of management company owners out there who wanted to take some chips off the table and focus on the things they loved doing But we kept hearing over and over again that folks were unsatisfied with their options Why wasn't there someone out there who would invest in the company without changing the name ripping out the software firing the accountants or worse all three? So…we listened
Around here we believe it's 'Associates First Clients Second Bottom Line Third' said Foley of NRP's culture If we hire and retain terrific people who take great care of our customers we don't have to worry about our bottom line Because of that we've had quite a few suitors over the last three years Nobody passed the sniff test until Jalen and Orlando showed up offering something different Not selling out but buying in…to a collective of other folks like me And letting NRP be NRP at the same time
Accelerating not reorganizing is the name of the game Remak says We believe everyone's better off when you offer helpful tools training and camaraderie with peers from the 'center' of the organization instead of top-down directives on how to do things Turns out people have a pretty good grasp on that—and they're eager to take advantage of new resources when they're offered instead of forced
The Collective is offering an experience that's missing from the market said Christian MacCarron Managing Director at Taubman Capital a way to transition as fast or as slow as you want and give your company access to a whole network of like-minded people rowing in the same direction I'm thankful we have the resources to invest in building that vision—and to give hard-working founders a long-overdue financial windfall when they join us The Taubman family has been building its own business for over 70 years so we have a long-term view and believe The Collective will go the distance
About The CAM Collective
The CAM Collective is a group of leading association management companies Its mission is to build a network of independently-run Member Companies and offer a financial exit for owners while providing next-generation technology resources for growth and a peer group For more information about The CAM Collective please visit wwwcamcollectivecom or follow The CAM Collective on LinkedIn
About NRP
NRP manages Condominium Homeowner and Commercial Associations throughout Northern Virginia The company has twice been named one of the Washington Business Journal's Best Places to Work and is home to ten Professional Community Association Managers (PCAMs) the industry's highest certification To learn more about NRP visit wwwnrpartnersllccom or follow NRP on LinkedIn
About First Community Management
FCM is Chicago's only association management firm specializing in mid-rise condominiums and townhomes Serving many clients since its founding in 1998 FCM has more than 150 years of collective property management experience and has built a reputation for exceptional resident services and uncommon accountability To learn more about FCM visit wwwcondomanagementcom or follow First Community Management on LinkedIn
About Taubman Capital
Taubman Capital is the private investment firm for the Taubman family The firm's flexible long-term capital base offers management teams the ability to focus on building larger more valuable enterprises without time constraints or exit pressures The firm is headquartered in Bloomfield Hills MI with offices in New York NY Palm Beach FL and Miami Beach FL For more information about Taubman Capital please contact Christian MacCarron ([email protected])
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Newly-formed CAM Collective seeks to bring together like-minded peers while creating a unique exit option for owners
The CAM Collective a network of best-in-class association management companies announced its launch on Thursday with the introduction of new Members executives and investors
National Realty Partners (NRP) of Herndon VA and First Community Management (FCM) of Chicago IL will join The Collective as its founding Members The firms will continue to be led by their founders James Foley (NRP) and Michael Rutkowski (FCM) who will both take significant stakes in The Collective Orlando Remak and Jalen Ross will join Jim and Mike as Co-Founders in The Collective Jalen will focus on providing innovative resources to accelerate each Member Company's organic growth while Orlando will focus on identifying prospective new members to join the Collective
Fueling the Collective's growth ambitions is $50 million of committed capital from a group of investors led by the investment office of the Taubman family Taubman Capital
The Collective's mission is to bring together the best independent community association management companies in the country provide a financial exit for their founders and preserve all the things that make them great: their people culture and deep roots in their local community
We thought: if it ain't broke don't fix it Ross said We knew there were lots of management company owners out there who wanted to take some chips off the table and focus on the things they loved doing But we kept hearing over and over again that folks were unsatisfied with their options Why wasn't there someone out there who would invest in the company without changing the name ripping out the software firing the accountants or worse all three? So…we listened
Around here we believe it's 'Associates First Clients Second Bottom Line Third' said Foley of NRP's culture If we hire and retain terrific people who take great care of our customers we don't have to worry about our bottom line Because of that we've had quite a few suitors over the last three years Nobody passed the sniff test until Jalen and Orlando showed up offering something different Not selling out but buying in…to a collective of other folks like me And letting NRP be NRP at the same time
Accelerating not reorganizing is the name of the game Remak says We believe everyone's better off when you offer helpful tools training and camaraderie with peers from the 'center' of the organization instead of top-down directives on how to do things Turns out people have a pretty good grasp on that—and they're eager to take advantage of new resources when they're offered instead of forced
The Collective is offering an experience that's missing from the market said Christian MacCarron Managing Director at Taubman Capital a way to transition as fast or as slow as you want and give your company access to a whole network of like-minded people rowing in the same direction I'm thankful we have the resources to invest in building that vision—and to give hard-working founders a long-overdue financial windfall when they join us The Taubman family has been building its own business for over 70 years so we have a long-term view and believe The Collective will go the distance
About The CAM Collective
The CAM Collective is a group of leading association management companies Its mission is to build a network of independently-run Member Companies and offer a financial exit for owners while providing next-generation technology resources for growth and a peer group For more information about The CAM Collective please visit wwwcamcollectivecom or follow The CAM Collective on LinkedIn
About NRP
NRP manages Condominium Homeowner and Commercial Associations throughout Northern Virginia The company has twice been named one of the Washington Business Journal's Best Places to Work and is home to ten Professional Community Association Managers (PCAMs) the industry's highest certification To learn more about NRP visit wwwnrpartnersllccom or follow NRP on LinkedIn
About First Community Management
FCM is Chicago's only association management firm specializing in mid-rise condominiums and townhomes Serving many clients since its founding in 1998 FCM has more than 150 years of collective property management experience and has built a reputation for exceptional resident services and uncommon accountability To learn more about FCM visit wwwcondomanagementcom or follow First Community Management on LinkedIn
About Taubman Capital
Taubman Capital is the private investment firm for the Taubman family The firm's flexible long-term capital base offers management teams the ability to focus on building larger more valuable enterprises without time constraints or exit pressures The firm is headquartered in Bloomfield Hills MI with offices in New York NY Palm Beach FL and Miami Beach FL For more information about Taubman Capital please contact Christian MacCarron ([email protected])
