Draft:Maloney Properties
| Submission declined on 13 May 2025 by BuySomeApples (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies.
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| Submission declined on 11 May 2025 by Greenman (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies. Declined by Greenman 17 days ago. | |
Comment: Needs more significant coverage cited from reliable sources that are unconnected with the subject and have a reputation for fact checking" to meet WP:CORP. Still has the selling point of "women-owned" and a list of services. --Deepfriedokra (talk) 22:53, 16 September 2020 (UTC)
 | Parts of this draft (those related to current data and compare with number of others in same business in local markets) need to be updated. Please help update this draft to reflect recent events or newly available information. Relevant discussion may be found on the talk page. |
| Company type | Private |
|---|---|
| Industry | Real estate management |
| Genre | Real Estate Management |
| Founded | May 1, 1981 |
| Headquarters | Greater Boston, Wellesley, Massachusetts , United States |
Number of locations | Over 11,000 |
Area served | Greater Boston (80 communities) |
Key people | Janet Frazier, President; Joseph Salvia, Vice President; Michael Frazier, Vice President; Kathleen Tyrrell Luce, Vice President and Partner; Michelle Spicer, Director, Human Resources; Kathy Broderick, Manager, Benefits; Angela Turco, Maintenance Coordinator; Katia Ruffin, Resident Services Coordinator; Diana Kelly, Vice President and Regional Manager |
| Services | Real estate management |
| Revenue | Estimated between $250 million and $500 million (2024)[1][2][3] |
| Owner | 5 of the 9 Directors of the Board (Michael Frazier, Janet Frazier, Diana Kelly, Celeste Vezina, and Kathy Tyrrell Luce) |
Number of employees | 559 |
| Website | www |
Maloney Properties, Inc. is a privately held property management company based in Wellesley, Massachusetts. Founded in 1981, the company manages over 150 residential properties, totaling approximately 11,000 units.[4] Its portfolio includes apartment buildings, condominiums, public housing, housing cooperatives, and three-decker residences.[5][6] Maloney Properties has been involved in the management of both affordable and mixed-income housing developments.[7][8]
Company Overview
[edit]Established in 1981, Maloney Properties manages more than 11,000 housing units across approximately 80 communities in the Northeastern United States, including mixed-use, market-rate, and affordable housing.[9]
Geographic Reach
[edit]Founded in 1981, Maloney Properties manages properties across the Greater Boston area. The company oversees a range of properties in more than 80 locations throughout the region. These properties include both market-rate and affordable housing units. Maloney Properties' work is part of the broader landscape of real estate management in the area, which includes contributions to housing policy and local development.[10][11][12]
Property Management Activities
[edit]Maloney Properties has been involved in managing housing across New England for several decades, overseeing more than 140 housing communities with over 10,000 units. The company aims to meet the varied needs of its residents through property management and support services.
Maloney Properties provides services aimed at addressing the specific needs of residents, including support for elderly individuals and those with disabilities. For example, at St. Cecilia’s and Robert McBride House in Boston, the company employs a Community Engagement Coordinator who helps elderly residents and individuals with disabilities access local resources and organize programming.
Maloney Properties is a company with a significant proportion of its leadership positions held by women. It has been reported that 80% of the business is women-owned. The company has been involved in partnerships with local businesses, including those owned by women and minorities, as part of its community engagement initiatives. According to Maloney Properties, the company is a certified women-owned business, with women holding 80% of the company's stock. Additionally, 20% is owned by an African American woman partner.[13]
In 2025, Maloney Properties was named a 'Top Place to Work' by The Boston Globe for the tenth time.[10][14][15]
Sustainability Initiatives
[edit]According to the U.S. Department of Energy, Maloney Properties reported achieving over $4.9 million in energy savings and reducing more than 22,000 tons of carbon emissions through 2019.[16] The US DOE cites Riley House, a Hyde Park low-rise project with 62 seniors, as the Showcase Project for Maloney Properties.[17] In 2024, the company developed an Excel-based tool to track energy performance and emissions across its managed properties.[18] Since 2010, Maloney Properties has implemented sustainability initiatives across its managed communities in New England. These efforts have reportedly resulted in over $3.7 million in energy cost savings and the acquisition of more than $8 million in funding from programs like MassSave's LEAN Program for system upgrades and building improvements. [19]
Industry Recognition
[edit]In 2024, Weiwei Huang-Cohen of Maloney Properties was installed as an Accredited Residential Manager (ARM) by the Institute of Real Estate Management (IREM) during its Boston Economic Forecast Luncheon on January 25, 2024, held at Granite Links in Quincy, Massachusetts. Huang-Cohen manages the Villa Victoria Community in Boston.[20]
Real Estate Brokerage Division
[edit]Maloney Properties has a real estate brokerage division that handles property sales and leasing. The division works with both affordable and market-rate housing properties.[21][22]
Affordable Housing Lotteries
[edit]Maloney Properties administers income-restricted rental lotteries for affordable housing units in properties under its management. These lotteries are conducted in compliance with local housing regulations and eligibility criteria.[23][24][25]
Ownership and Leadership
[edit]Maloney Properties is a certified Women Business Enterprise (WBE) under the Massachusetts State Office of Minority and Women Business Assistance (SOMWBA). As of 2022, the company reported that women control 80% of its stock. The leadership team comprises five principals, all of whom have over 30 years of experience in the industry and play an active role in the company. Additionally, the company has been recognized for its commitment to diversity, equity, and inclusion, receiving the IREM 2022 DEI Company Award.[26]
Industry Challenges in Greater Boston's Housing Market
[edit]Property management firms operating in Greater Boston, including Maloney Properties and its competitors, face systemic challenges that impact housing affordability and availability. Despite efforts to increase housing stock, the region has experienced a significant slowdown in new residential construction. In 2024, only 9,779 privately owned housing units were permitted in the Boston metro area, a figure nearly 20% lower than in 2022, which itself was insufficient to meet demand.[27]
High construction costs, driven by labor shortages and expensive materials, have further impeded development efforts.[28]
Zoning regulations and community opposition have also contributed to the housing shortage. Many suburban municipalities have complex approval processes that can delay projects for years, discouraging developers and exacerbating the supply gap.[29]
Additionally, the rise of investor purchases, particularly in lower-income neighborhoods, has intensified competition for available housing, often displacing traditional homebuyers and renters.[30]
These challenges have led to increased housing costs across the region. As of October 2024, the median single-family home price in Greater Boston reached $900,000, marking a 44% increase over five years.[27] Rents have similarly escalated, with the median rent for a one-bedroom apartment listed at $2,800, making Boston the fourth-most-expensive city for apartment rentals.[31]
In response, state and local governments have introduced initiatives aimed at alleviating the housing crisis. The MBTA Communities Act, for instance, mandates that municipalities with access to public transit allow for denser multifamily housing without special permits.[32] However, the effectiveness of such policies remains to be seen, as implementation varies across communities.
Overall, the confluence of regulatory, economic, and demographic factors presents ongoing challenges for property management companies striving to provide affordable and accessible housing in Greater Boston.
Competitors
[edit]Maloney Properties operates in the New England real estate management sector, where several other companies provide comparable property management services, particularly in the affordable and mixed-income housing markets:
- Barkan Management Company – A privately held real estate firm providing property management, construction, and development services across the Northeast.[33]
- First Realty Management Corp – A Boston-based property management company that manages residential and commercial properties, including affordable housing units.[34]
- Peabody Properties, Inc. – A real estate firm involved in managing affordable, market-rate, and mixed-income housing in the Northeast.[35]
- Samia Companies, LLC – A property management and investment firm based in Massachusetts.[36]
- The Schochet Companies – Specializes in the management and development of affordable and market-rate housing in the Northeast.[37]
- WinnCompanies – A national real estate firm managing over 100,000 units, including affordable and mixed-income communities. The company has participated in publicly reported affordable housing preservation projects.[38][39]
Other companies operating in the U.S. residential property management or real estate brokerage sectors include:[40][41]
- Associated Management, Ltd.
- Carabetta Management
- Classic Property Management
- Coldwell Banker Caine
- Coldwell Banker McMahan
- CPH Group
- Eagle Point Realty
- FirstService Residential California, Inc.
- Norris – Reported to offer the highest average salary among these firms ($50,861).[41]
- Park Place Property Management
- Phoenix Management, Inc.
- Sequoia
- Siegel Group
- Southern Management
- ST Residential
- The Castle Group
- The Simon Konover Company
- Turnberry – The largest workforce among these firms (1,300 employees).[41]
- Village Properties
- Worth Ross
These companies vary widely in size, geographic scope, and specialization. Some, like Turnberry and FirstService Residential, operate across large portfolios nationwide, while others focus on regional or niche markets such as HOA management, student housing, or senior communities.[40][40]
Collaborations
[edit]Maloney Properties has participated in regional housing-related conferences and events. The company has been listed as a sponsor of the 25th and 26th Annual New England Resident Service Coordinators (NERSC) Conferences in 2023 and 2024.[42] These conferences focus on resident service coordination in affordable housing communities, attracting professionals and organizations working in housing support and compliance.
Community Engagement
[edit]Maloney Properties has been involved in partnerships with local businesses, including those owned by women and minorities, as part of its community engagement initiatives. The company has been recognized by organizations such as MassHousing for its outstanding achievement in terms of the dollar-value of business contracted with minority and women-owned businesses.[43]
Key Persons
[edit]The leadership team at Maloney Properties includes individuals with extensive experience in property management and real estate.
- Janet Frazier – President and CEO of Maloney Properties, Inc. She co-founded the company in 1982 alongside Mark Maloney. Frazier has overseen the development, marketing, and management of housing units across the Northeast. She is a licensed real estate broker and has served on the boards of the Franklin Square House Foundation and the Metropolitan Boston Housing Partnership.[44][45]
- Michael Frazier – Vice President and Director of Facilities. He has over 35 years of experience in the real estate industry, focusing on construction and facilities management services.[46]
- Lynn Delidow – President. She leads the company's strategic vision and operational functions.[47]
- Kathy Tyrrell Luce – Executive Vice President. She has been recognized for her work in affordable housing.[47]
- Matthew Rodriguez – Chief Technology Officer. He oversees the company's technology initiatives.[47]
- Michelle Spicer – Vice President of Human Resources. She manages the company’s HR functions.[47]
- Erik Thelen – Vice President. He is part of the company's leadership team.[47]
- Debbie Piltch, Esq. – Vice President of Compliance. She ensures the company’s compliance with industry regulations.[47]
- Jennifer Kadilak – Vice President.[47]
Comparison and Industry Context
[edit]While Maloney Properties emphasizes sustainability in its management practices, it is one of many firms navigating a growing demand for environmentally responsible property management. Several independent sources offer comparative insights into how property management companies approach sustainability, tenant services, and energy efficiency.
Resources like iGMS's list of top property management companies and Sustainable Comfort, Inc. provide overviews of firms notable for green building standards and tenant engagement. PriceLabs and Guesty offer guidance and case studies on eco-friendly operations in residential and commercial settings.
Academic and real estate industry publications also weigh in: a study published by the MIT Center for Real Estate explores how responsible and sustainable management is perceived in the real estate market. Major firms like CBRE disclose their own sustainability goals and benchmarks, offering further points of comparison for industry performance.
These resources provide a broader framework for understanding how Maloney Properties compares with peers in incorporating sustainability and tenant-focused practices into property management.
Comparative Industry Evaluations
[edit]Several independent platforms provide comparative evaluations of property management companies, highlighting differences in areas such as tenant services, operational practices, technology adoption, and overall management quality. These sources are not limited to sustainability criteria and can provide broader industry context for understanding firms like Maloney Properties.
- iGMS lists top property management companies in the U.S. based on their service models, technology use, and customer satisfaction.[48]
- Property Manager Insider ranks commercial firms by square footage managed and performance metrics, offering insights into trends in large-scale property oversight.[49]
- Wimgo and Yelp publish city-level rankings and reviews from clients and tenants, including firms based in Massachusetts.[50][51]
These evaluations offer external perspectives on how Maloney Properties compares with peers in the broader industry.
References
[edit]- ^ "Maloney Properties Inc. Company Profile". Koala. Retrieved 2025-05-11.
- ^ "Maloney Properties Company Revenue". Distrilist. 15 December 2024. Retrieved 2025-05-11.
- ^ "Maloney Properties, Inc". LeadIQ. Retrieved 2025-05-11.
- ^ "Maloney Properties - Overview, News & Competitors". ZoomInfo. Retrieved 2025-05-11.
- ^ "Public Housing Directory". City of Boston. Retrieved 2025-05-11.
- ^ "Affordable Housing Design Advisor". web.njit.edu.
- ^ "Affordable Housing Design Advisor". web.njit.edu. Retrieved 2025-05-11.
- ^ "Maloney Properties, Inc". Maloney Properties. Retrieved 2025-05-11.
- ^ "Maloney Properties, Inc". Top Workplaces. Retrieved May 10, 2025.
- ^ a b "Maloney Properties". Maloney Properties. Retrieved May 10, 2025.
- ^ "Maloney Properties Develops New Affordable Housing Units". The Boston Globe. November 9, 2020. Retrieved May 10, 2025.
- ^ "Maloney Properties". ZoomInfo. Retrieved May 10, 2025.
- ^ "About Us". MaloneyProperties.com.
- ^ "Maloney Properties Expands Affordable Housing Efforts". The Boston Globe. February 15, 2021. Retrieved May 10, 2025.
- ^ "Maloney Properties Overview". ZoomInfo. Retrieved May 10, 2025.
- ^ "Maloney Properties". Better Buildings Solution Center, U.S. Department of Energy. Retrieved May 12, 2025.
- ^ Maloney Properties’ Riley House Showcase Project
- ^ "Maloney Properties". Better Buildings Solution Center, U.S. Department of Energy. Retrieved May 10, 2025.
- ^ Frazier, Keith (January 21, 2020). "Maloney's Sustainability Initiatives Reduce Energy Costs by $3.7m".
- ^ "Huang-Cohen of Maloney Properties installed as Accredited Residential Manager at IREM Boston luncheon". New England Real Estate Journal. February 23, 2024. Retrieved May 10, 2025.
- ^ "About Us". Maloney Properties Real Estate.
- ^ "Maloney Properties - Real Estate Agent in Wellesley, MA - Reviews | Zillow". Zillow.
- ^ "Maloney Properties will be conducting a Boston Planning and Development Agency (BPDA) income restricted rental lottery for five apartments located at Walter Huntington Apartments". Mission Hill Gazette. January 16, 2018. Retrieved April 27, 2019.
- ^ "48 Boylston Street Rental Housing Lottery Application". City of Boston website. Retrieved April 27, 2019.
- ^ "Maloney Real Estate". Maloney Properties Real Estate.
- ^ "Maloney Receives IREM's 2022 DEI Company Award". Maloney Properties. 2022-12-12. Retrieved 2025-05-11.
- ^ a b "Year in Review: Boston Housing Crisis". Boston Business Journal. 2024-12-25. Retrieved 2025-05-11.
- ^ "Housing Supply and Affordability Challenges in Boston". Bipartisan Policy Center. Retrieved 2025-05-11.
- ^ "Boston's Suburbs Face Housing Shortage". Bisnow. 2024-11-30. Retrieved 2025-05-11.
- ^ "How Investors Have Helped Push Up Boston Prices". Boston Business Journal. 2023-11-30. Retrieved 2025-05-11.
- ^ "Boston Housing Costs and Incentive Studies". Bisnow. Retrieved 2025-05-11.
- ^ "Boston Housing Challenges: Population Growth vs. Home Building". Boston Business Journal. 2025-02-21. Retrieved 2025-05-11.
- ^ "About Barkan". Barkan Management Company. Retrieved 2025-05-10.
- ^ "About Us". First Realty Management. Retrieved 2025-05-10.
- ^ "Peabody Properties Named Accredited Management Organization of the Year". Boston Real Estate Observer. 2022-02-03. Retrieved 2025-05-10.
- ^ "Company Overview". Samia Companies. Retrieved 2025-05-10.
- ^ "Company Overview". The Schochet Companies. Retrieved 2025-05-10.
- ^ "WinnCompanies Completes $49.3 Million Rehab of Historic Apartment Community". WinnCompanies. Retrieved 2025-05-10.
- ^ "WinnResidential Ranks Among Top Five for Resident Satisfaction". Multifamily Executive. 2023-03-15. Retrieved 2025-05-10.
- ^ a b c "Working At Maloney Properties Real Estate Brokerage: Employee Reviews and Culture". www.zippia.com. May 18, 2020.
- ^ a b c "Top Maloney Properties Competitors and Alternatives | Craft.co". craft.co.
- ^ "26th Annual NERSC Conference Sponsors". New England Resident Service Coordinators (NERSC). Retrieved 2025-05-10.
- ^ "MPI featured in MassHousing's October Update". Maloney Properties. 2016-10-01. Retrieved 2025-05-11.
- ^ "Janet Frazier". Banker & Tradesman. July 13, 2014. Retrieved May 10, 2025.
- ^ "Janet Frazier". The Org. Retrieved May 10, 2025.
- ^ "Michael Frazier". LinkedIn. Retrieved May 10, 2025.
- ^ a b c d e f g "About Us - Leadership". Maloney Properties. Retrieved May 10, 2025.
- ^ "Top 10 Best Property Management Companies to Trust in 2025". iGMS. 21 March 2025. Retrieved 2025-05-12.
- ^ "Top 10 Commercial Property Management Companies". Property Manager Insider. 26 February 2025. Retrieved 2025-05-12.
- ^ "Top Property Management Companies in Boston". Wimgo. Retrieved 2025-05-12.
- ^ "Best Property Management in Boston, MA". Yelp. Retrieved 2025-05-12.
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