Real Estate Orlando, FL 380 employees

Large-Scale Third-Party Multifamily Property Manager

Third-party property management firm with 18,500 units under management and $52M revenue

About This Business

Keystone Property Management provides third-party property management services for 18,500+ multifamily apartment units across Florida, Georgia, and South Carolina. The firm manages assets for institutional owners, REITs, and private investors, providing leasing, maintenance, capital improvement oversight, and financial reporting. A proprietary property management technology platform drives operational efficiency and reporting transparency for asset owners.

Key Highlights

18,500+ multifamily units under management across 62 communities

Client roster includes 3 publicly traded REITs and 15+ institutional investors

Average management contract tenure of 6.2 years with 94% annual retention

Proprietary technology platform providing real-time owner dashboards and automated reporting

Ancillary revenue streams from maintenance services, insurance, and utility management at 22% of total revenue

Financial Overview

Annual Revenue	$52.0M
EBITDA	$7.8M
Revenue Growth (YoY)	10.0%
Year Founded	2004
Employees	380

Reason for Selling

Founder and CEO is planning a phased retirement and the firm is seeking a strategic buyer to maintain the client relationships and growth trajectory.

Documents Available in Data Room

Financial Statements

Tax Returns

Legal Documents

Operational Documents