International property management company, Odevo, has established itself in the US as KW Property & Management Consulting (KWPMC) has joined the Group, ensuring Odevo is the first residential management company to have a leading position on both sides of the Atlantic.  The property company is already prominent in the UK through Rendall & Rittner, Premier Estates and Trinity Property Group being part of the Group.  The US will be Odevo's fourth market, and the deal will increase Group revenue by £120 million to £270 million.

Odevo was formed when leading UK managing agent Rendall & Rittner joined forces with Swedish based Nabo and SBC. The addition of KWPMC marks both Odevo's first expansion outside of Europe and its entry into the US, the world's largest market for property management.

Odevo aims to challenge the industry and harness the power of technology and the highest standards of customer service to become the leading force in property management and residential services internationally. 

Odevo CEO, Daniel Larsson, comments: “Our goal is to become the global leader in residential property management - this is an important step toward reaching that goal since we are the first player in the world to have a leading position on both sides of the Atlantic. I'm very pleased to welcome our new colleagues at KWPMC to Odevo and to announce our establishment in the world's largest market. We see the same challenges and opportunities in the U.S. as in the European markets. The industry has lagged behind in terms of customer focus, digitalization and the development of new services. Together, we will continue to challenge and change this industry where there is such enormous potential. We plan to continue our strong growth journey, both organically and also by attracting more companies to join us.”

“We are very happy to become part of the Odevo Group,” said Paul Kaplan, founder and CEO of KWPMC. “Aligning with Odevo positions us to significantly enhance the depth and scope of our services and products, including technology, banking, and insurance, in an effort to consistently exceed our clients' expectations and remain the market leader in property management in Florida and beyond.”

KWPMC is one of the fastest-growing property managers in the U.S. with over 80,000 homes under management and 2,000 employees. The company has developed its own digital platform and grown organically since inception. It has an annual revenue of just over £130 million and an average organic growth rate of 18% over the last five years.

A three-time honoree on the annual Inc. 5000 list of the fastest-growing private companies in the U.S. (2019-2021), KWPMC was founded in 2004 and today operates across the state of Florida, where it manages some of Miami's premium properties.

With the addition of KWPMC, Odevo now has 3,800 employees, 590,000 homes under management and revenue of £290 million – a thirtyfold increase over four years.

Odevo has a leading position in Sweden, Finland and the UK. Odevo is challenging the industry with, among other things, its proprietary tech platform, and its ambition to become the leading international player in property and housing management. The company has greatly increased its investment in its platform and now has around 60 developers. It also acquired the fintech company Monu, which provides technical infrastructure and financial services to the clients within the Group.

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For press information, please contact Caroline Coskry or Viv Onslow at The Oracle Group on viv@oraclepr.co.uk

Notes for Editors:

About Odevo

Private housing is the world's largest asset class and usually the largest investment a private individual will make during their lifetime. Nevertheless, it is an industry that is far behind in terms of both digital development and customer focus, not least in the financial area.

Odevo was established in 2019 and launched as a new brand in March 2022. Odevo is a fast-growing international player that is challenging the property management industry, not least through its proprietary technology platforms.

The Odevo Group consists of a total of approximately 1,800 employees and has an annual revenue of just over £160 million. The average growth between 2019 and 2021 was 135% per year, about 15% of which was organic in 2021. Odevo plans to continue its strong growth, both organically and by attracting more companies from both Europe and other continents to join. www.odevo.com

About KWPMC: KWPMC is headquartered in Miami with offices across Florida in Fort Lauderdale, Bonita Springs/Naples, Tampa/Clearwater, Orlando and Jacksonville; as well as Bimini Bay in the Bahamas. The company has more than 2,000 employees and operates with the mission to provide the highest-quality property management services including exceptional accounting, knowledge-based maintenance and dedication to superior customer service and hospitality. From upscale high-rises, to homeowners' associations and garden-style townhomes, KWPMC meets the needs of 80,000 homeowners. For more information, visit www.kwpmc.com.

Rendall & Rittner is a market leading independent managing agent in the UK, responsible for a growing residential portfolio that currently stands at 80,000 units. This dynamic business was established by Duncan Rendall and Matt Rittner in 1990 and continues to expand at an impressive rate. It manages wide range of property types from small high-end buildings through to some of London's largest regeneration schemes. Rendall & Rittner has established a strong reputation within the industry for its standards of service. It is one of the few managing agents regulated by RICS and has maintained the Platinum 'Investors In People' status. www.rendallandrittner.co.uk

Trinity Property Group is one of the largest independent residential managing agents in the UK with a portfolio of 97,000 units and an additional 55,000 committed to management. It has an enviable reputation for excellence and professionalism and works with most major developers in the country. Trinity is currently winning around 10,000 units per annum.

With a central base in Hemel Hempstead and subsidiaries spread across the country, Trinity is well placed to service the needs of any building across England and Wales. In addition to impressive organic growth, Trinity has recently expanded through acquisition and currently has six brands under ownership - Trinity, Hobdens, Hillcrest, PMS, EWS and Heritage. It is also expecting to complete on a further five companies by the end of 2022, adding an additional 15,000 units. www.trinitypropertygroup.com

Premier Estates was founded in 1998 with the belief that residential property management is as much a people business as it is a property business. That is why the company's ethos is to “stand in the shoes of the home-owner”. This focus on empathy and exceptional levels of personal service has seen Premier Estates grow to manage a substantial portfolio of 30,000 homes throughout England and Wales.

Premier Estates' mission is to be the managing agent of choice for residents, developers and freeholders. It doesn't matter whether a development is a small block of apartments in a provincial market town or a luxury, mixed-use city centre development, Premier Estates will deliver a first class, friendly service. As the world of property management continues to evolve, Premier Estates remains committed to driving up standards across the industry. www.premierestateslimited.com