EDWARD M. NEWMAN, CPM®
Chairman of the Board of Directors
Edward M. Newman, CPM® has been affiliated with Summit Management Services, Inc. for over twenty-five years. Newman is a stockholder of the firm and serves as its Chairman of the Board of Directors. He has an extensive background in all aspects of the multi-family housing industry which includes exposure to project-based federally assisted Section 8 and Tax-Credit program’s as well as conventional market properties, including a variety of financing methodologies. In conjunction with his present duties, he is responsible for the creation of all long-range organizational planning, including the assessment and evaluation of potential acquisitions, the expansion and rehabilitation of existing assets, and short and long-range budgeting. In the process of these functions and corporate obligations, he has also been integrally involved in a myriad of project refinancing measures for existing properties within the organization’s portfolio, ultimately to secure better project financial viability and more favorable terms for owners and investors.
Newman was born and raised in Akron, Ohio. He is married and is the father of three children. He is a graduate of Walsh Jesuit High School in Cuyahoga Falls, Ohio and continued his education at The Ohio State University, receiving a Bachelor of Arts degree. He is a licensed Realtor and is presently a member of the Akron Area Board of Realtors and the National Board of Realtors. He has continued his track of on-going education in the real estate industry by obtaining a Certified Property Manager (CPM®) designation through the Institute of Real Estate Management (IREM) which maintains its headquarters in Chicago, Illinois. IREM awards the Certified Property Manager (CPM®) designation to members who fulfill the vigorous criteria designated by the organization.
Newman has maintained a number of community interests through involvement with Leadership Akron, having graduated from their program in 1997. He previously served as Trustee on the Shaw Jewish Community Center board, Summit County Historical Society board and the Red Cross board and is presently a Board Member of the American Cancer Society, Summit County, Ohio Chapter. His interests include exercise, skiing, travel and reading.SMSI Principals