| Property Type | Description | Common PM Responsibilities |
|---|---|---|
| Large Residential Condominiums | Multi-unit buildings where individual units are owned separately, and common areas are jointly maintained. | Overseeing maintenance, managing finances, coordinating with the condo board, and ensuring compliance with regulations. |
| Cooperative Housing (Co-ops) | Residential buildings owned by a corporation, with residents owning shares representing their units. | Managing building operations, facilitating board meetings, handling resident communications, and maintaining financial records. |
| Mixed-Use Developments | Properties combining residential, commercial, and sometimes industrial spaces within a single complex. | Balancing the needs of diverse tenants, maintaining shared spaces, and ensuring compliance with zoning laws. |
| Multi-Family Rental Properties | Buildings with multiple separate housing units owned by a single entity and leased to tenants. | Tenant screening, lease management, property maintenance, and handling tenant relations. |
| Medical Office Buildings | Facilities leased to healthcare providers, often with specialized infrastructure. | Ensuring compliance with health regulations, managing specialized equipment maintenance, and coordinating tenant improvements. |
| Retail Strip Centers (Non-Triple Net) | Clusters of retail stores where tenants pay a base rent, with the landlord covering some or all property expenses. | Common area maintenance, security, tenant mix management, and marketing. |
| Student Housing Complexes | Residential properties specifically designed for college or university students. | Lease administration aligned with academic calendars, community building, and addressing student-specific needs. |
| Senior Living Communities | Residential complexes tailored for elderly residents, offering varying levels of care and amenities. | Coordinating care services, managing staff, ensuring safety protocols, and organizing community activities. |
| Affordable Housing Developments | Housing projects offering units at reduced rents for qualifying low-income tenants, often subsidized by government programs. | Compliance with housing regulations, tenant eligibility verification, and reporting to funding agencies. |
| Co-Working Spaces | Shared office environments where individuals or companies rent workspaces on flexible terms. | Managing memberships, maintaining facilities, organizing events, and providing IT support. |
| Boutique Hotels with Extended Stay Options | Smaller hotels offering long-term accommodations with amenities similar to apartments. | Guest services, housekeeping, maintenance, and marketing to long-term travelers. |
| Subsidized Housing Projects | Properties receiving government assistance to offer reduced rents to eligible tenants. | Ensuring compliance with subsidy requirements, tenant eligibility verification, and regular reporting. |
| Artist Lofts and Live/Work Spaces | Spaces designed for artists or entrepreneurs to live and work, often in converted industrial buildings. | Facility maintenance, compliance with safety codes, and fostering a creative community environment. |
| Religious or Community Centers with Leased Spaces | Facilities that lease portions of their property to external organizations or businesses. | Coordinating leases, scheduling shared spaces, and maintaining the property. |
Greater Philadelphia Commercial Real Estate

