INDUSTRY HAPPENINGS AKAM SOUTH

Leslie Kaminoff, Chief Executive Officer of AKAM Associates, a full service residential management company headquartered in Manhattan, announced the June 1, 2000 opening of AKAM South, the company's Florida affiliate with offices in Boca Raton, Florida.

"Our research revealed that Florida homeowner associations, condominium and cooperative boards are ready for the caliber of residential management that AKAM offers," stated Kaminoff. "The response, even in the short time since AKAM South opened, has been tremendous."

AKAM South inaugurated its presence by sponsoring an informational seminar for Florida board members entitled, How To Choose The Right Management Company. The seminar, held on June 21, was based on the book by the same name that Kaminoff co-authored. The seminar attracted more than 50 residential property decision-makers who sought to be educated about their management options. "We were very gratified that so many board members were willing to come out for this type of education," says AKAM Executive Vice President Michael Berenson. "AKAM South was pleased to provide the information, and we are pleased to offer our services to the Florida residential community."

Ellen Bonder Lohr, LCAM, a recognized authority in the fields of residential construction management, real estate development, corporate quality assurance and management industry client satisfaction joins AKAM South as Vice President. Jane Bracken, LCAM, PCAM, Director of Management, is past Chair of the Education Committee of the Palm Beach Chapter of the Community Association Institute and a member of the International Who's Who of Professional Management.

AKAM South is located at One Boca Commerce Center, 551 NW 77 Street, #212, Boca Raton, Florida, 561-994-4870. AKAM Associates is located at 420 Lexington Avenue in Manhattan, 212-986-0001. Both companies and the AKAM Genesis System, a proprietary Internet client service and information portal, are accessible on the web at akam.com.

AKAM Associates is the recipient of numerous residential management industry awards, including recognition as NYARM's Management Company of the Year (1996). Most recently, three AKAM managed properties were cited among New York magazine's Best Places To Live. AKAM Associates is a NYARM management company member.

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ROBERT GRANT NAMED DIRECTOR OF MANAGEMENT

Midboro Management is proud to announce the appointment of Robert D. Grant as director of management. The award winning manager and 20 year industry veteran is renowned for his expertise in current breaking trends and sits on the Real Estate Board of New York's Residential Management Council.

"I've known Bob Grant for years and have always had the utmost respect for his abilities and enthusiasm," says Michael J. Wolfe, president of Midboro. "He is not only one of the most knowledgeable people in our industry, he has an unparalled track record for helping buildings become profitable."

Mr. Grant is the recipient of The Cooperator's Leadership in Management Award 2000 and, in addition, won both Gold and Platinum Management Achievement Awards from Habitat magazine this year. He joins a staff of 25 headed by Michael J. Wolfe, sole owner and shareholder of Midboro. Last June, Associated Builders and Owners (ABO) honored Midboro as an Outstanding Management Company.

Midboro Management is a NYARM management company member and Mr. Grant is a NYARM manager member.



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