FOR IMMEDIATE RELEASE
HallKeen Management Invests in MB Management
Union to Further Strengthen Service to Stakeholders, Residents and Employees
Norwood, MA – November 8th, 2012 – HallKeen Management, of Norwood, Massachusetts is proud to announce that they have made an investment in MB Management, of Braintree, Massachusetts. Both companies have a long history of offering professional property management services throughout the Northeast.
“This transaction is the best of all worlds for both Companies. It allows both to operate independently while giving both access to complimentary resources of the other. The result will be superior service to clients and residents,” says MB Management CEO, Steve Roberts.
Over the next 12 months, the two companies will largely operate independently while preparing for a full merger. The two portfolios will be fully integrated by May 2014. With MB Management’s 2,700 apartments, HallKeen Management is slated to manage over 10,000 units of multi-family and assisted living housing by 2014.
“HallKeen is pleased to finalize the relationship with one of the most respected management firms in New England,” says Andrew P. Burnes, President and CEO of HallKeen Management. “For over 40 years, MB Management has been a key player in the industry. It is an exciting time for both MB Management and HallKeen, as we bring together our companies into a new era of successful business ventures and expertise.”
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About HallKeen Management HallKeen Management’s current portfolio includes more than 7,300 units of multi-family residential housing in over 110 partnerships, over 350 units of assisted living residences and approximately one million square feet of commercial space, inclusive of light industrial, office and biotech laboratory space. HallKeen Management has a strong presence throughout New England, New York, Virginia, Maryland, Florida, and North Carolina. While retaining prime focus on affordable housing, HallKeen Management manages a diverse portfolio of residential housing, commercial properties and assisted living communities.
HallKeen Management is staffed by a group of dedicated, experienced, and highly motivated individuals. There are 40 employees working at the central office in Norwood, and more than 500 employees working at the various sites. Andrew P. Burnes, President, guides and runs the day-to-day affairs of the company. For more information, please visit www.HallKeen.com or contact 320 Norwood Park South, Norwood MA 02062 / 781-762-4800.
About MB Management MB Management has been developing and managing market rate and affordable residential properties as well, as commercial properties, for its own investors and others since 1971. This experience allows MB Management to bring an owner’s perspective to every aspect of property management and allows their clients to benefit from the cost-effective management, marketing, maintenance, and resident retention policies that MB has developed over the past 40 years. This experience has also earned MB Management properties exceptional rating from State and Federal regulatory agencies. For more information, please visit www.MBManagement.com or contact 220 Forbes Road, Braintree, Massachusetts 02184 / 781-356-2719.