5 Reasons Renting Still Beats Buying

National Property Management Associates, Inc. (NPMA, Inc.) is the management entity for a portfolio of properties, which are owned and managed by the Gacioch family. Forty-four separate companies fall under the umbrella of NPMA, Inc. and represent over 40 years of excellence in the ownership, management and operation of multi-family residential communities.

Started in 1965 by William T. Gacioch, NPMA Inc., maintains itself as a privately held real estate investment company owned and operated by the Gacioch Family. With a conservative philosophy of acquiring stable existing apartment communities and holding them over the long term coupled with quality hands-on management, NPMA, Inc. has grown to become a significant real estate investment company.

The company's philosophy is to operate each and every property by putting in place a quality onsite staff that coordinates all management, marketing and maintenance activities. The management decisions that are implemented at a given property are driven by the onsite staff in what NPMA, Inc. terms a "bottom-up" management philosphy. NPMA, Inc. maintains the success of our property is rooted in strong onsite management and attention to detail which encompasses a strong dedication to resident satisfaction.

NPMA, Inc. currently owns approximately 6100 apartment units servicing nearly 20,000 tenants across 4 states. The Corporate Headquarters is located in Orchard Park, New York with regional Offices in Rochester, New York, Oklahoma City, Oklahoma and Orlando, Florida. Total employment now exceeds 250 employees company-wide. Senior Management includes William T. Gacioch as Chairman and CEO, Michael T, Gacioch as President and CFO, David W. Gacioch as Sr. Vice President of IT Operations, Katherine A. Hannon, Sr. Vice President of Human Resources and Thomas Fennell, Vice President of Operations and Finance.

While the focus of many real estate investors is to buy and sell in order to generate profits, NPMA, Inc. has a long term philosophy of owning and operating properties in a profitable manner. This provides for an ever-growing infrastructure and stable investment return. With annual sales of $45,000,000 and a portfolio valued in excess of $280,000,000, NPMA, INc. figures to be a strong player in the multifamily industry for years to come.

The Company's long range plan is to continue to expand and grow through acquiring additional properties that complement the existing portfolio.