Oakwood Management Company
Background
Founded in 1970, Oakwood Management Company has established itself as a leading property management firm in Central Ohio. With a portfolio encompassing over 12,000 multifamily units and 258,300 square feet of commercial space, Oakwood is recognized as the largest multifamily property management company in the region. The company's mission is to deliver top-notch property management solutions, well-maintained communities, and superior service to both property owners and residents. Oakwood's vision focuses on sustaining growth through deep community connections while providing expertise, compassion, and unparalleled quality and service.
Key Strategic Focus
Oakwood's strategic objectives include:
- Comprehensive Property Management: Offering full-service management for residential and commercial properties, ensuring optimal performance and resident satisfaction.
- Community Engagement: Fostering strong relationships within the communities they serve to enhance the living experience and promote long-term residency.
- Technological Integration: Staying at the forefront of technology to streamline operations and improve service delivery.
- Market Expansion: Extending their footprint beyond Central Ohio to manage properties in diverse markets.
Financials and Funding
As of December 2024, Oakwood Management Company reported annual revenues of approximately $300 million, with a workforce of around 201 employees. The company has experienced consistent growth over its 54-year history, reflecting its strong market position and effective management strategies.
Technological Platform and Innovation
Oakwood leverages a suite of advanced technologies to enhance its property management services, including:
- OneTrust: Ensuring compliance and data privacy.
- Font Awesome and Google Font API: Enhancing website aesthetics and functionality.
- React and TweenMax: Developing dynamic and responsive web applications.
- Facebook Chat Plugin: Facilitating real-time communication with residents and prospects.
- New Relic: Monitoring and optimizing application performance.
Leadership Team
- Keith Jones: President and CEO since late 2021, bringing over 20 years of executive management experience in real estate and property management.
- John D. Wymer: Former President, who retired in late 2021 after more than 50 years of leadership, contributing significantly to the company's growth and success.
Competitor Profile
Market Insights and Dynamics
The property management industry in Central Ohio is competitive, with several firms vying for market share. Oakwood's extensive portfolio and longstanding presence provide a significant advantage in this dynamic market.
Competitor Analysis
Key competitors include Shannon Waltchack, Davidson Homes, and Weichert Realtors. These companies offer similar property management services, but Oakwood's deep community connections and comprehensive service offerings distinguish it within the industry.
Strategic Collaborations and Partnerships
Oakwood collaborates with several prominent clients, including:
- Kelley Companies
- N.P. Limited Partnership
- Rockford Homes
- Romanelli & Hughes Custom Home Builders
- VanTrust Real Estate
- Robert Weiler Company
These partnerships enhance Oakwood's market position and contribute to its growth and service diversification.
Operational Insights
Oakwood's commitment to excellence is reflected in its recognition as a leading management company in the nation by the 2022 Division Online Reputation Assessment (ORA) Power Ranking by J Turner Research. This accolade underscores the company's dedication to quality service and resident satisfaction.
Strategic Opportunities and Future Directions
Looking ahead, Oakwood aims to:
- Expand Geographically: Extend its property management services beyond Central Ohio to new markets.
- Enhance Technological Capabilities: Invest in advanced technologies to improve operational efficiency and resident engagement.
- Strengthen Community Engagement: Deepen relationships within existing communities to foster loyalty and attract new residents.
Contact Information
- Website: liveoakwood.com
- LinkedIn: Oakwood Management Company
Oakwood Management Company continues to set the standard in property management through its unwavering commitment to quality, innovation, and community engagement.
