$194K Normalized EBITDA Property Management Company in Washington DC

This Washington, D.C.-based property management firm has more than four decades of continuous operation, providing fullservice association management to 32 condominium, cooperative, and apartment communities in upper northwest Washington, D.C. The Company manages 1,691 residential units across its portfolio. All 32 clients pay monthly in advance via ACH under annual auto-renewing contracts, resulting in effectively zero accounts receivable and highly predictable cash flow. The business is led by a founder-owner who is retiring after 40+ years and has committed to a minimum six-month transition. A team of seven experienced employees, including two licensed property managers, is expected to remain post-close.