Who We Are
KMG Prestige is a fee-based property management firm specializing in the management of multi-family residential housing. Established in 1992, KMG Prestige’s portfolio has grown from 2,500 to over 18,000 dwelling units and select commercial properties with locations in 315 cities in Michigan, California, Indiana, Illinois, Ohio and Wisconsin. Families, elderly, and handicapped individuals are served in subsidized, tax credit, rural development, conventional and luxury rental communities.
Four principals, who are also operating officers of the firm, share KMG Prestige’s ownership. The ownership is accessible to all of KMG Prestige’s clients and employees and prides itself on its commitment to the organization’s success.
KMG Prestige is pledged to continuing our commitment to excellence and continuous improvement in the delivery of property management services, and eagerly looks forward to the challenge of growing and managing income producing properties at the highest levels for many years to come.
Paul Spencer - began his 19 year property management career with Oakwood Apartments, a developer, owner and Management Company that specializes in Class A short-term corporate housing. Paul entered the affordable housing field in 1995 where he supervised a diverse portfolio of market rate, project based Section 8, 236, RAP, Rent Sup, Tax Credit, Bond Financed and HOPE VI communities in a seven state region.
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Karen Mead - is the Vice President of Business Development for KMG Prestige. For over 29 years Karen has been intensively involved in the property management industry. She is currently responsible for growth associated with third party real estate investment management and consulting of our current and future clients. Ms. Mead previously held the position of Vice President of Property Management with Keystone Management Group where she was responsible for supervision of eight Regional Property Managers, consisting of over 8,000 units. In 2007, she acquired an ownership interest in that company and was very instrumental in its growth. During the course of her career, Ms. Mead has been involved in virtually every aspect of the property management industry. Karen’s experience includes a full spectrum of operations with all programs associated with the affordable housing arena as well as market rate developments. Karen specializes in assisting and directing ownerships with new construction, including underlying financial strategies. She has an extensive understanding of real estate finance and the LIHTC program. Karen is a high-energy individual who is committed to providing unparalleled customer service and maintaining exceptional client relationships.
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Jennifer Allen - is the Vice President of Financial Services and CFO for KMG Prestige. Her career in property management began in 1998 when she joined Boston Financial Group as an Accounting Manager, and continued with Keystone Management Group, where she served as Controller from 2000 through 2006. As graduate with honors from Alma College, Jennifer holds a Bachelor of Arts degree in Business Administration, with an Emphasis in Accounting.
In her current capacity as VP of Financial Services, Jennifer is directly responsible for managing and directing the support center operations within the Accounting, Accounts Payable, Payroll and Human Resources and Risk Management departments. This includes reviewing and implementing policies and procedures related to these areas, as well as overseeing all financial reporting requirements, payroll/human resources compliance and insurance services for the entities managed by KMG Prestige.
Jennifer’s experience and leadership in property management has developed through working directly with MSHDA, IHDA, HUD and the USDA Rural Development agencies, as well as with conventional financing sources. Throughout her career in property management, she has had the opportunity to work closely with various owners and tax credit syndicators, including Great Lakes Capital Fund, Centerline, MMA Financial, PNC Multifamily, Boston Capital and National Equity Fund, as well as develop strong working relationships with several public accounting firms specializing in real estate management.
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Jeff Schaeffer - is Vice President of Learning and Development and has been in property management since February of 2003. He has been involved in leadership and management training for more than 25 years in four different fields.
Jeff holds a bachelor degree from Hofstra University in New York and did his graduate work at Johnson State in Vermont.
He is focused on clearly defining and communicating the great culture that differentiates KMG Prestige from its competitors in property management, as well as creating values and principle based leadership development, site-specific training, and personal growth activities to help KMG Prestige employees maximize their learning potential.
Jeff is dedicated to the “inside/out” approach to the development of present and future KMG Prestige Leaders by focusing on each person’s individual needs. He is passionate about and focused on the mission of KMG Prestige becoming the best, most respected property management company in the industry. Contact Information: email@example.com