Southern Management Companies Explained

Southern Management Companies
Type:Private
Industry:Property management
Former Name:Central Management
Founded: in Vienna, Virginia, United States
Hq Location City:McLean, Virginia
Hq Location Country:United States
Key People:Suzanne D. Hillman, CEOGabrielle Duvall, President

Southern Management Companies is a privately owned[1] property management company in the Mid-Atlantic United States.[2] [3] [4] [5]

The company owns more than 25,000 apartment units[6] across 76 properties, three hotels,[7] and 1 million square feet in commercial space[8] in the Baltimore/DC area and a ski resort, hotel, and conference center, Bear Creek,[9] in Macungie, Pennsylvania.[10]

History

The company (originally Central Management) was founded by David Hillman in 1965,[11] [12] when he purchased his first multifamily community, Lakeside North, in Prince George's County, Maryland.[13] The corporate headquarters is located in Vienna, Virginia,[14] with a secondary corporate office located in College Park, Maryland.

While the company is primarily known for acquiring and improving existing apartment communities, they have also been involved in development projects[15] such as The Hotel at the University of Maryland located in College Park, Maryland[16] [17] and the Arundel,[18] an apartment community located in Hanover, Maryland, both of which opened in 2017. In 2018, they built and franchised[19] the Cambria Hotel in College park.[20] They have also completed several rehabs of historic buildings in downtown Baltimore such as the Standard Oil Building (The Standard at Preston Gardens), The Baltimore Gas and Electric Company Building (39 West Lexington), and The Atrium.

In 2016, Southern Management received recognition from the Malcolm Baldrige National Quality Award for Performance Excellence for their best practices in the workforce category.[21] [22]

In December 2017, David Hillman nominated his wife, Suzanne Hillman, CEO of Southern Management. Suzanne was hired in 1975 as an accountant for Southern Management and later took on additional roles. Prior to her change in title, she had been an officer and CFO of the company for over thirty years.[23]

Southern Management Leadership Program

The Southern Management Leadership Program (formerly the Hillman Entrepreneurs Program) serves to develop local community leaders through a scholarship and intensive mentoring program at Prince George's Community College, Montgomery College and the University of Maryland, College Park. Students complete their associate's degree at Prince George's Community College or Montgomery College and transfer as a cohort to complete their undergraduate education at the University of Maryland, College Park. When they graduate, they continue to stay connected through professional relationships and lifelong friendships.[24]

The program was founded by David Hillman, Suzanne Hillman (the current President and CEO of Southern Management Corporation) and the Hillman Family, as a way to enrich the education of students in Prince George's and Montgomery Counties. These communities are where Southern Management got its start more than 50 years ago, and where the company's deep roots have stood firm ever since. The mission of the Southern Management Leadership Program is to develop strong leaders, who will use their educations and experiences to make positive and lasting impacts in their hometowns.[25]

The Southern Management Leadership Program benefits the students in many ways – providing financial, academic and professional assistance. Scholarships for Southern Management Leaders account for 55% of tuition at either Montgomery College or Prince George's Community College and up to 50% tuition at the University of Maryland. The students are also eligible to receive additional funds for books and other required technology and benefit from one-on-one advising and mentoring from dedicated Program Directors at each of the three schools.

Notes and References

  1. Web site: The Hotel at the University of Maryland opens Friday after two years of construction. Arc Publishing. en-US. 2018-10-30.
  2. News: Southern Management Companies. Hospitality Online. 2018-10-26.
  3. Web site: Southern Management Corp - Company Profile and News - Bloomberg Markets. 2020-10-20. Bloomberg.com.
  4. Web site: Southern Management Unveils Comprehensive Program to Safely Hold Events at The Hotel at the University of Maryland . Southern Management Companies .
  5. Web site: Southern Management Companies . Maryland Government .
  6. Web site: 2016 NMHC 50. National Multifamily Housing Council. 26 October 2018.
  7. News: Hotels & Conference Centers Southern Management. Southern Management. 2018-10-26. en-US.
  8. Web site: Southern Management CEO David Hillman Dies At 75. www.bisnow.com. 2018-10-30.
  9. Web site: CAN BRAC COME OUT TO PLAY?. www.bisnow.com. 2018-10-30.
  10. News: About Us Southern Management. Southern Management. 2018-10-26. en-US.
  11. News: David Hillman, CEO of Southern Management Corp. and Baltimore-area developer. Gantz. Jessica Anderson, Sarah. baltimoresun.com. 2018-10-26. en-US.
  12. Web site: David Hillman left his mark on Baltimore's real estate landscape. www.bizjournals.com. 2018-10-26.
  13. Web site: Town of Berwyn Heights Meeting Minutes . https://web.archive.org/web/20161024003109/https://www.berwynheightsmd.gov/sites/berwynheightsmd/files/minutes/tm_min_2014-08-13_fin.pdf . 2016-10-24 . 26 October 2018 . Berwyn Heights, MD.
  14. Web site: Company Overview of Southern Management Companies. Bloomberg. 26 October 2018.
  15. Web site: Southern Management to Build Hotel at Metro Centre. www.bisnow.com. 2018-10-30.
  16. Web site: Opening Of $180M Hotel An 'Incredibly Important Moment' For College Park's Transformation. www.bisnow.com. 2018-10-30.
  17. Web site: Another hotel is the latest project in the plans to revitalize College Park. Washington Post. en. 2018-10-30.
  18. Web site: 15-story luxury apartment building at Arundel Preserve to open this summer. www.bizjournals.com. 2018-10-26.
  19. Web site: Cambria Hotels Opens in College Park, Maryland. TravelPulse. 2018-10-30.
  20. Web site: The Cambria Hotel in College Park is open for business. Arc Publishing. en-US. 2018-10-30.
  21. News: Four U.S. Organizations Receive Nation's Highest Honor for Performance Excellence. Swenson. Gayle. 2016-11-17. NIST. 2018-10-26. en.
  22. News: U.S. DOC's Baldrige Program Recognizes SMC Southern Management. Southern Management. 2018-10-26. en-US.
  23. News: Suzanne D. Hillman Named CEO Southern Management. Southern Management. 2018-10-26. en-US.
  24. Web site: 2017-08-01. Origin and Founders. 2021-07-28. Southern Management Leadership Program. en-US.
  25. Web site: Southern Management Leadership Program. 2021-07-28. Southern Management Leadership Program. en-US.