27/09/2023
Rapidly expanding Odevo surpasses one million homes under management across Europe and U.S. with arrival of UK-based The Vegner Group and Finland-based ISTO and M3 Isännöinti. Odevo is now home to over 5,000 employees and has more than one million homes under management worldwide.
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Odevo, the fast growing international property management group expands its US reach with William Douglas Management, the leading property manager in the Carolinas, joining the group. William Douglas joining the group comes just a few months after Odevo entered the United States by joining forces with Florida-based KW Property Management & Consulting, as well as Texas-based Spectrum Association Management.
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Odevo, an international leader that is driving change in the traditional property management industry, continues its rapid expansion in the U.S. market with the addition of successful Texas-based Spectrum Association Management and five additional new brands joining the Group. These new arrivals offer a range of market-leading core services, as well as select new and exciting HOA management-related services.
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Odevo, an international leader of the traditional property management industry, has established itself in the U.S. with KW Property & Management Consulting, a leading Florida-based property manager, joining the group. This marks both Odevo’s first expansion outside of Europe and its entry into the U.S., the world’s largest market for property management. The U.S. will be Odevo’s fourth market, and the deal will increase Group revenue from $175 million USD to $315 million USD.
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Trinity Property Group, one of the largest residential property management companies in theUK, is the latest company to join Odevo. As a result, Odevo now has over half a million homes under management in three European markets and a turnover of SEK 1.7 billion.
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JM will license Odevo’s proprietary platform to manage both its condominium customers and rental tenants. As a result, four Swedish management companies and thus a third of Sweden’s homeowner associations (i.e., 500,000 properties), will now be connected to Odevo’s platform.
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