As part of Kidder Mathews’ West Coast expansion, it has acquired the assets of Wessex Service Company (Wessex), a Scottsdale property management firm. Wessex has a portfolio of 535,000 square feet of commercial space and 14 owner associations. Wessex has been providing property management services in the Phoenix market for more than 30 years.
Mike DiDomenico, formerly owner and principal of Wessex Service Company, has joined Kidder Mathews as senior vice president and market leader for property management operations in the firm’s Phoenix regional office. DiDomenico has over 30 years of property management experience, including more than 10 years as a principal and president of a Phoenix-based commercial real estate investment and development firm that owned and operated over ten million square feet of commercial property.
DiDomenico will lead Kidder Mathews’ property management services in the Phoenix area. He will be responsible for managing diversified assets, developing and directing the property management teams, as well as client development and support and overall quality control in service delivery.
“Mike’s relationships and reputation in the Phoenix market, combined with his professional expertise will be invaluable to our growth plans in Arizona,” said Keith Kaiser, president of Kidder Mathews Property Management Services.
Kidder Mathews attributes its fast-growing success to its unique platform, and to the national trend of consolidation in the commercial real estate industry among publicly held firms, which is typically less favorable to professional service providers. Kidder Mathews is a privately held firm that is known for its strong marketing, research support, and streamlined management structure. Due to the attractive culture, the firm boasts 56 Best Places to Work Awards in multiple publications on the West Coast.