CHICAGO - TelAve -- SVN Chicago Property Management (SVN PM), a Chicago-based Property Management firm, has acquired the Property Management division of Edgemark Asset Management, marking a significant step in expanding its portfolio and service offerings nationwide. Terms of the transaction were not disclosed.

For over 25 years, Edgemark Asset Management has built a strong reputation for excellence, applying value-added management strategies to every project. With nearly three dozen assets totaling over 2 million square feet of retail space across Illinois, Wisconsin, New York, and Georgia, this acquisition expands SVN PM's portfolio to 140 full-service management assignments.and over 5 million square feet under management in both multi-family and commercial sectors.

This strategic acquisition extends SVN PM's geographic reach and adds a new office in Oak Brook to complement its existing West Loop location. With this expansion, SVN PM is now well positioned to provide enhanced property management services across new markets and asset types, while continuing to deliver best-in-class service and maximize investor value.

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Under the leadership of Principal and CEO Michael "Micky" Cicchinelli, SVN PM continues its trajectory of growth through strategic acquisitions and organic expansion. As of 2025, the firm now employs over 50 professionals across all facets of property management. "Our vision is to be a trusted, long-term real estate partner—supporting clients from their first property investment through every stage of portfolio growth and diversification," said Cicchinelli. "Our team brings expertise in property management, finance, marketing, client services, and maintenance. We're especially proud to have retained the entire Edgemark Asset Management team during this acquisition and look forward to continued growth."

"The team at SVN PM has honed an exceptional concierge-level service model focused on excellent client service and hands-on support. SVN PM's growth and momentum continue to be impressive, and we look forward to bringing our clients across the country a best-in-class service delivery now under the SVM PM umbrella," said Mark Brennan, SVP Suburban Property Management.

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"Edgemark Asset Management's products, services, intellectual capital, and exceptional back-end support empower us to help all our clients make optimal real estate decisions and we will continue to build on that foundation" added Kirk Bennett, Principal and CFO of SVN PM.

About SVN Chicago Property Management (SVN PM)

SVN PM is a licensed property management company with experience managing multifamily, retail, office and mixed-use properties nationwide since 2019. Founded by Michael "Micky" Cicchinelli and Kirk Bennet with a team built to focus on asset management in the greater Chicago area, with the ability to manage cross-country properties alongside our national property management platform. For more information please visit https://www.svnchicagpom.com