Newton, MA – December 4, 2019 – Barkan Management Company, an industry leader in residential property management with 190 management contracts (29,000+ units) in seven states, is pleased to announce that it has renewed its contract for three apartment communities owned by the Cambridge Housing Authority (CHA) and added three additional properties. Under the terms, Barkan will now provide accounting and financial services for six apartment communities owned by the CHA, a state-run authority which provides long-term rental housing and rental assistance to more than 5,500+ low-income families, elders and disabled individuals.
Barkan has been providing financial and accounting services for three CHA apartment communities for more than seven years: Lyndon B. Johnson Apartments, Cambridge Affordable Presidential Apartments, and Lincoln Way Apartments. As of January, Barkan will also provide financial and accounting services for Lancaster Street Apartments, New Temple Place, and Essex Street Management.
“Barkan is well-known for the strength of our Accounting Team and CHA has been impressed over the years with our efficient, cloud-based accounting system, as well as our excellent customer service, “said Jim Merski CPA, CFO of Barkan Management Company, Inc. “We use Yardi Software, the gold standard of property management and accounting software, as it allows us to stream-line and standardize our operating process and procedures. Our team is experienced at using the platform and getting clients the information they need in a quick and reliable manner.”
“While Barkan is primarily known for full-service management of condominium and co-operative communities, we are very proud of the excellent and well-deserved reputation of our Accounting Department who, under the leadership of Jim, consistently delivers the highest quality financial reporting and customer service,” added Bill DiSchino CPM, President and CEO of Barkan Management Company, Inc. “We are pleased to be retained by the CHA as we continue to grow our diverse management portfolio, which now includes full service or accounting contracts for 45 affordable communities throughout New England.”
About the Barkan Companies
The Barkan Companies are a privately owned, diversified group of real estate businesses with a solid record of success. Since 1964, Barkan has established itself as an industry leader in the residential real estate sector encompassing five related real estate service businesses, including property management and accounting, renovation, development and affordable housing compliance, Barkan has the proven abilities and expertise in a single organization to satisfy the most demanding requirements.