PRESIDENT & CEO FINALIZES PURCHASE OF PROPERTY SPECIALISTS, INC.
Nearly two years after the passing of Tracy Hill, the company he founded has found a new owner in his longtime friend and colleague Cathy Ryan. Ms. Ryan finalized the purchase of Property Specialists Inc. (PSI) early on September 2nd after serving as President & CEO following Tracy’s retirement prior to his untimely passing. The company’s ownership was held in a trust until the purchase could be finalized by all parties involved.
“Tracy Hill was more than an employer,” said Ms. Ryan. “He was a father-figure, mentor and a dear friend. I am extremely excited to take over the ownership of PSI and continue to grow and improve this company in a way that would have made Tracy very proud. His company is in good hands.”
Although PSI is now under new ownership, its communities will continue to see the same commitment to their residents. A Palatine native, Ms. Ryan has spent over 30 years with PSI having begun as Mr. Hill’s secretary and working her way through the company while raising 4 daughters. Throughout her time at PSI she has helped grow the company from 10 communities to over 250 located through Northern Illinois and Southern Wisconsin. PSI is currently one of only seven Illinois firms to have obtained the coveted Accredited Association Management Company (AAMC), the highest designation awarded by Community Association Institute.
In 2013 Ms. Ryan received the PCAM designation through Community Association Institute, the highest individual designation provided by the organization. She is currently an elected member of the CAI-IL Chapter Board of Directors, taking an active role in the organization’s finance committee. Ms. Ryan serves on the editorial Board for Condo Lifestyles, and has served as either author or contributor to several industry related articles published in various media throughout the Midwest. She is an active supporter of Special Olympics, serving on fundraising committees for this organization.
“Mr. Hill taught me that your company is only as great as the people who surround you, for they are the most important people of all. I am truly grateful for both my hardworking staff, and the many Boards who continue to place their trust in PSI.”
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