NEW YORK, March 3, 2025 — AKAM, a leading property management company with an over 40-year history, today announced the acquisition of Metro Management Development (Metro), the well-respected New York-based firm recognized for its customer-first approach and excellent service delivery.
While both companies will continue to operate independently, focusing on distinct geographical markets and property types, AKAM will harness the scale of both organizations to secure better vendor pricing and benefits. The acquisition will not only enhance service delivery across all properties but also enable strategic investments in functional expertise and systems that will benefit both companies. Metro will also leverage AKAM’s extensive resources and services including capital project management, strategic procurement, energy services, insurance and risk management.
David Baron, Metro’s beloved owner, will continue to lead the business as President of Metro Management Development, reporting to AKAM CEO Ken Greene. Metro will retain its name.
“We are very happy to welcome Metro and incredibly excited by the opportunities this acquisition presents to our businesses and clients,” said Greene. “We can now serve a wider range of customers while continuing to deliver the high-quality service for which we’re both recognized. With our combined scale, we will offer greater value and benefits, invest further in our businesses, and continue our collective pursuit of excellence in property management.”
The two organizations complement each other well, with AKAM specializing in the upscale and luxury markets and Metro leveraging its dominant presence in the midscale market. Despite their differing areas of concentration, both companies share a commitment to exceptional customer service.
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Powered by its Residential Intelligence business philosophy which places customers at the heart of its business, AKAM sets the standard in property management for both residential and commercial properties. With deep history and expertise in New York and Florida as well as a vision for growth, AKAM cultivates thriving communities through its hospitality-driven team, leading operational standards and rich service offerings. For more information, please visit www.akam.com and connect with us on social via LinkedIn.
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