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First Realty Chief Operating Officer Frank Cevetello with IREM Boston Chapter President Nancy Reno Sadloski prior to the award presentation.

IREM® Boston names First Realty Management AMO® of the Year for 2019

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First Realty Management Corp. Named 2019 Accredited Management Organization of the Year

Institute of Real Estate Management Boston Chapter’s Top Company Award

(October 16, 2019, Quincy, MA) – First Realty Management Corp. has been named the 2019 (AMO®) ACCREDITED MANAGEMENT ORGANIZATION of the Year by the Boston Metropolitan Chapter of (IREM®) Institute of Real Estate Management at the group's annual Awards Night, Thursday, Oct. 16 at the Granite Links Country Club in Quincy, Mass.

Chief Operating Officer Frank Cevetello and Vice President Kathryn Kargman Holden accepted the award.

2019 IREM AMO of the Year

(Photo L-R: IREM® Boston Executive Councilor David Barrett, IREM® Boston President Nancy Reno Sadloski, First Realty Vice President Kathryn Kargman Holden, First Realty Regional Manager and IREM® Boston Secretary Will Woodward, First Realty Chief Operating Officer Frank Cevetello, First Realty Senior Property Manager and IREM® Boston Executive Councilor Tony Susi)

First Realty Management Corp. is a 66-year-old, privately-owned company with 7,500 residential apartment and condominium units under management at more than 85 properties throughout Massachusetts, Rhode Island, and New Hampshire. The company also manages 722,000 square feet of commercial space. The portfolio includes communities that range from high rises to townhouses, luxury oceanfront communities to properties managed for community development corporations. The commercial properties under management range from office, to retail, to industrial, to mixed use. The company has a history of success in managing properties at all stages of the property life cycle from those under development to those that are well-established. Headquartered in Boston, First Realty also has offices in Worcester and Providence. The firm first earned its AMO® designation in 1982.

What AMO® means

IREM®, a leading national association for the training and credentialing of real estate professionals, created the AMO® designation in 1945 as a method to establish and maintain public confidence in the honesty, integrity, professionalism, and overall abilities of property management firms. Included among 11 areas of focus is service to clients, contractual duties, accounting, ability to audit financial and business records, overall fiduciary responsibility, and compliance with laws and regulations.

Less than 2 percent of firms nationwide has achieved AMO® status

According to IREM®’s national headquarters in Chicago, less than 2 percent of the 48,000 management firms doing business across the country, have earned the AMO® designation. The Boston chapter that presented First Realty with this award is the largest of 90 regional IREM® chapters across the country.

IREM®’s AMO® standards are a good fit for First Realty

“We are grateful to those within the IREM® Boston Chapter who nominated us for this award,” Cevetello said. “It has special meaning and it is peer validation of the work we do, an achievement for which we as a company are proud.”

About First Realty Management Corp.

For more information, visit firstrealtymgt.com, find us on Facebook or Instagram or contact Communications Manager John Scibelli at 617-423-7000 or by email at jscibelli@firstrealtymgt.com.

About the Institute of Real Estate Management’s Boston Metropolitan Chapter No. 4

Founded in 1938, the New England Chapter of IREM serves Boston, all of Massachusetts, Maine, New Hampshire, and Vermont. It is the largest of IREM’s network of 90 affiliated regional chapters nationwide. Learn more at iremboston.org.

About the Institute of Real Estate Management

IREM® is an international organization of nearly 20,000 individuals and 550 corporate members united to advance the real estate management profession. Visit irem.org for more information.

First Realty Management

617-423-7000

151 Tremont St Ph 1 Boston, MA 02111