Global residential property management group continues significant U.S. expansion

STOCKHOLM, SWEDEN, MIAMI, FL and ATLANTA, GA – Sept. 19, 2024 – Odevo, the rapidly expanding international leader in residential property management, enters the Georgia market with the addition of HomeOwners Advantage (HOAdv). Led by CEO Rich Hagan, HOAdv is a premier condominium association management company based in Atlanta.

Founded in 2001, HOAdv specializes in managing amenity-rich high-rises, with a similar customer base and infrastructure to Odevo’s flagship U.S. brand KW PROPERTY MANAGEMENT & CONSULTING (KWPMC). It offers a comprehensive suite of residential, financial and administrative management services. HOAdv serves 46 associations totaling more than 8,000 units in the Atlanta area.

“This is a tremendous step in our strategic expansion plan,” said Paul Kaplan, CEO of Odevo U.S. “HOAdv gives us an important foothold in Georgia, which continues to experience substantial development activity and population growth. Rich Hagan and the HOAdv team provide best-in-class property management services to high-rise condominium residents throughout Georgia.”

HOAdv’s strong leadership, cultural fit and organic growth were also critical factors in the union with Odevo.

“From our perspective, joining Odevo gives us an incredible competitive advantage in the markets we operate in,” Hagan said. “We benefit from access to Odevo’s global platform and resources, while maintaining our established brand. Our high-rise condominium association management focus also aligns perfectly with KWPMC.”

After debuting in the U.S. in 2022 with Florida-based KWPMC, Odevo has successfully expanded its U.S. portfolio to include renowned property management firms Spectrum AM, William Douglas and HomeRiver Group’s HOA division, now managing over 500,000 homes and generating $275 million USD in revenue in the U.S. This reflects the company's momentum to further pursue growth and provide industry-leading services to homeowner associations across Europe and the U.S. Since its foundation, Odevo has achieved a thirtyfold increase in revenue and maintained an average annual growth rate of 71% between 2019 and 2023, with the group's revenue now exceeding $720 million USD.

Odevo has a unique approach to creating a leading international group of complementary property management with top-tier local service offerings. It promotes a strong chain of individual brands to join an international group to drive an industry leading service product in the many communities served.

Odevo plans to continue its growth journey, by increasing its portfolio of homes under management organically, attracting additional companies to join the group and expanding its service offerings beyond traditional property management. It is investing significantly in technology, expanding from four to 150 developers in just four years. This approach has secured leading positions in Sweden, Finland, the United Kingdom and the United States in just a few years.

“In less than two years since our U.S. arrival with KWPMC, we have expanded significantly through the addition of established local brands in Florida, the Carolinas, Texas and now Georgia,” said Daniel Larsson, Group CEO at Odevo. “We remain laser-focused on our mission to simplify living for millions of residents across the U.S. and worldwide.”

About Odevo

Established in 2019, Odevo is a fast-growing international company challenging the property management industry, not least through its focus on technology innovation. The Odevo Group consists of 7,000 employees and has an annual revenue of nearly $720 million USD. The average growth between 2019 and 2023 was 71% per year, about 14% of which was organic. Odevo plans to continue its strong growth and invites more companies to join their journey to transform the homeowner experience all over the world.

Visit https://odevo.com 

Global residential property management group welcomes HomeRiver Group’s HOA division, which oversees more than 40,000 homes

STOCKHOLM, SWEDEN, MIAMI and TAMPA, FL – July 9, 2024 – Odevo, the rapidly expanding international leader in residential property management, continues its U.S. growth with the addition of the Tampa, Florida-based HOA division of HomeRiver Group. Led by President Brad van Rooyen, HomeRiver Group’s HOA division enhances the lives of more than 80,000 residents of more than 40,000 homes across the Tampa, Orlando, Fort Myers and Naples markets.

Operating since 2005, HomeRiver Group’s HOA division provides full-service association management, including facilities management, financial management and administrative services, for a wide range of condominium, townhome and single-family/HOA communities. It was previously affiliated with HomeRiver Group, but van Rooyen sought to join an organization that focused on the same services his division provides and can bolster its growth objectives.

Together with Miami-based KW PROPERTY MANAGEMENT & CONSULTING (KWPMC), the addition of HomeRiver Group’s HOA division gives Odevo more than 130,000 homes under management in Florida alone.

“We are excited to join forces with Odevo and its participating companies,” van Rooyen said. “In Florida, our division and KWPMC collectively provide service options for every association in the state and share strong corporate cultures and accounting and finance expertise. We are in the process of an exciting rebranding campaign that we will share more details about in the coming months.”

After debuting in the U.S. in 2022 with KWPMC, Odevo has successfully expanded its U.S. portfolio to include renowned property management firms Spectrum AM and William Douglas, now managing over 400,000 homes and generating $260 million USD in revenue in the U.S. This reflects the company's momentum to further pursue growth and provide industry-leading services to homeowner associations across Europe and the U.S. Since its foundation, Odevo has achieved a thirtyfold increase in revenue and maintained an average annual growth rate of 71% between 2019 and 2023, with the group's revenue now exceeding $630 million USD.

Odevo has a unique approach to creating a leading international group of complementary property management with top-tier local service offerings. It promotes a strong chain of individual brands to join an international group to drive an industry leading service product in the many communities served.

“Having Brad van Rooyen and his team join us positions our group to be the leader in Florida association management,” said Paul Kaplan, CEO of Odevo U.S. “The needs of Florida associations continue to evolve amid major state law changes and changes in the insurance landscape. We are uniquely suited to guide these associations through the ongoing shifts.”

Odevo plans to continue its growth journey, by increasing its portfolio of homes under management organically, attracting additional companies to join the group and expanding its service offerings beyond traditional property management. It is investing significantly in technology, expanding from four to 150 developers in just four years. This approach has secured leading positions in Sweden, Finland, the United Kingdom and the United States in just a few years.

“In less than two years since our U.S. arrival with KWPMC, we have created significant momentum through the addition of established local brands in Florida, the Carolinas, Texas and beyond,” said Daniel Larsson, Group CEO at Odevo. “Our ultimate goal is to enhance the lives of millions of residents across the U.S. and worldwide.”

About Odevo

Established in 2019, Odevo is a fast-growing international company challenging the property management industry, not least through its focus on technology innovation. The Odevo Group consists of 5,500 employees and has an annual revenue of nearly $630 million USD. The average growth between 2019 and 2023 was 71% per year, about 14% of which was organic. Odevo plans to continue its strong growth and invites more companies to join their journey to transform the homeowner experience all over the world.

Visit https://odevo.com 

Global residential property management group continues rapid expansion across the U.S.

STOCKHOLM, SWEDEN and MIAMI, FL – March 27, 2024 – Odevo, the rapidly expanding international leader in residential property management, announces its strategic move to strengthen its presence in the United States by appointing Paul S. Kaplan as the Chief Executive Officer for Odevo US.

This appointment underscores Odevo's mission to become the leading force in the residential property management sector, leveraging the combined power of people and technology. Having entered the U.S. in 2022 with Florida-based KW PROPERTY MANAGEMENT & CONSUTLING, which Kaplan co-founded, Odevo has rapidly grown to make the U.S. its largest market within just 18 months.

“Paul Kaplan has an impressive track record of scaling a company from the ground up,” Odevo Group CEO Daniel Larsson said. “Additionally, Paul’s strategic vision and leadership skills make him uniquely qualified to oversee our continued U.S. expansion, in close collaboration with all our group companies and teams.”

Odevo has successfully expanded its U.S. portfolio to include renowned property management firms Spectrum AM and William Douglas, now managing over 400,000 homes and generating $225 million USD in revenue in the U.S. This reflects the company's strong momentum to further pursue growth and provide industry-leading services to homeowner associations across Europe and the U.S. Since its foundation,

Odevo has achieved a thirtyfold increase in revenue and maintained an average annual growth rate of 71% between 2019 and 2023, with the group's revenue now exceeding $530 million USD.

The appointment of Kaplan as CEO of Odevo US is a strategic one, aimed at strengthening the company's U.S. leadership. Kaplan, the co-founder and former CEO of KWPMC, has been an integral part of Odevo. Under his leadership, KWPMC grew to 2,600 employees and expanded its operations across Florida and the Bahamas.

"I am honored to continue my journey with Odevo and lead our U.S. operations,” Kaplan said. “We built KWPMC from scratch into one of the largest companies in residential property management with an entrepreneurial spirit and core values that are similar to what I see in Odevo’s team today. I look forward to continuing to work with our talented team to further our mission and deliver on our promise of enhancing the lives of millions of residents."

Kaplan officially started his role in March 2024, reporting directly to Daniel Larsson, Group CEO at Odevo. The company warmly welcomes Kaplan to his new position and looks forward to his leadership in driving Odevo's success in the US market.

Odevo plans to continue its strong growth journey, by increasing its portfolio of homes under management organically and attracting additional companies to join the group and expanding its service offerings. It is investing significantly in technology, expanding from four to 150 developers in just four years. This approach has secured leading positions in Sweden, Finland, the United Kingdom and the United States in just a few years.

About Odevo

Established in 2019, Odevo is a fast-growing international company challenging the property management industry, not least through its focus on technology innovation. The Odevo Group consists of 5,500 employees and has an annual revenue of nearly $530 million USD. The average growth between 2019 and 2023 was 71% per year, about 14% of which was organic. Odevo plans to continue its strong growth and invites more companies to join their journey to transform the homeowner experience all over the world.