Newly formed CAM Collective seeks to bring together like-minded peers while creating a unique exit option for owners
CHICAGO, May 12, 2022 /PRNewswire/ — The CAM Collective, a network of top association management companies, announced its launch on Thursday with the introduction of new members, executives and investors.
National Realty Partners (“NRP”) of Herndon, Virginiaand First Community Management (“FCM”) of Chicago, IL will join the Collective as founding members. Companies will continue to be led by their founders, James Foley (PNR) and Michael Rutkowski (FCM), both of which will take significant stakes in The Collective. Orlando Remak and Jalen Ross will join Jim and Mike as co-founders of The Collective. Jalen will focus on providing innovative resources to accelerate the organic growth of each member company, while Orlando will focus on identifying potential new members to join the collective.
Fueling the growth ambitions of the Collective means $50 million committed capital from a group of investors, led by the Taubman family’s investment office, Taubman Capital.
The Collective’s mission is to bring together the best independent community association management companies in the country, to provide a financial outlet for their founders and to preserve all that makes them great: their people, their culture and their deep roots in their community. local.
“We thought, if it ain’t broke, don’t fix it,” Ross said. “We knew there were a lot of management company owners who wanted to take a few chips off the table and focus on the things they love doing. But we heard time and time again that people weren’t happy. of their options. Why wasn’t there someone out there who would invest in the company without changing the name, ripping off the software, firing the accountants, or worse, all three? So… we listened.”
“Around here, we think it’s ‘associates first, customers second, bottom line third,'” Foley said of NRP’s culture. “If we hire and retain great people who take great care of our customers, we don’t have to worry about our bottom line. Because of this, we’ve had quite a few suitors over the past three years. Passed the test until Jalen and Orlando showed up to offer something different. Not to sell but to buy…to a collective of other people like me. And let NRP be NRP at the same time.
Accelerate, not rearrange, is the name of the game, says Remak. “We believe everyone is better off when you offer helpful tools, training, and camaraderie with peers from the ‘middle’ of the organization, instead of top-down directives on how to do things. turns out people have a pretty good understanding of that – and they’re eager to take advantage of new resources when they’re offered instead of forced.”
“The Collective offers an experience that is missing in the market,” said Christian MacCarronManaging Director of Taubman Capital, “a way to move as fast or as slow as you want and give your business access to a whole network of like-minded people rowing in the same direction. I’m grateful that we have the resources to invest in building that vision – and to give hard-working founders a long-awaited financial windfall when they join us.The Taubman family has been building their own business for over 70 years, so we have a long-term vision and believe The Collective will go the distance.”
About the CAM Collective
Collectif CAM is a group of leading association management companies. Its mission is to build a network of independent member companies and provide a financial outlet for owners while providing next-generation technology, resources for growth, and a peer group. For more information on the CAM Collective, please visit www.camcollective.com or follow Le Collectif CAM on LinkedIn.
About the NRP
NRP administers condominium, homeowner, and merchant associations throughout Northern Virginia. The company has twice been named one of the Washington Business Journal’s Best Places to Work and has ten Professional Community Association Managers (PCAMs), the highest certification in the industry. To learn more about the PRN, visit www.nrpartnersllc.com or follow the PRN on LinkedIn.
About First Community Management
FCM is Chicago only association-based management firm specializing in mid-rise condominiums and townhouses. Serving many clients since its founding in 1998, FCM has over 150 years of experience managing collective properties and has built a reputation for exceptional resident service and outstanding accountability. To learn more about FCM, visit www.condomanagement.com or follow First Community Management on LinkedIn.
About Taubman Capital
Taubman Capital is the private investment firm of the Taubman family. The company’s flexible, long-term capital base provides management teams with the ability to focus on building bigger, more valuable businesses without time constraints or exit pressures. The company is headquartered in Bloomfield Hills, Michigan with offices at New York, NY, Palm Beach, Florida and Miami Beach, Florida. For more information about Taubman Capital, please contact Christian MacCarron ([email protected]).
Contact: Jalen Ross, co-founder
E-mail: [email protected]
SOURCE The CAM Collective