Associated Asset Management, LLC ("AAM") Announces the acquisition of Champs, LLC ("Champs")

CARLSBAD, CA, March 17, 2014

Associated Asset Management, LLC ("AAM") announces the acquisition of Champs, LLC ("Champs "). The addition of Champs brings to AAM, 56 experienced Community Management professionals and one of Southern California's strongest HOA management firms. "Champs significantly increases our ability to serve Community Associations and homeowners in Southern California," said AAM President, Amanda Shaw. "The team at Champs blends extremely well with AAM's commitment and dedication to providing a high level of excellent customer service to the Associations we manage. We are delighted to be adding such a highly respected organization into the AAM family and look forward to working with the entire Champs team to further enhance the value proposition for their clients"

Founded in 1987, Champs dedicated employees will continue to manage 33 associations representing over 3800 units throughout the San Diego area. With the addition of Champs, AAM now proudly serves nearly 500 Associations in five states.

Founded in 1990, Associated Asset Management is a professional Community Association Management Company. Over the last 24 years, AAM has grown to be one of the foremost providers of professional community association services in the United States. AAM specializes in the forward planning and management of master planned, single family, condominium, active adult, urban high-rise and mid-rise communities as well as providing consulting services for accounting, budgeting and operational organization. With over 400 employees in ten regional offices, AAM combines association management, accounting, compliance, developer services and customer care under one roof, creating a cohesive and coordinated environment needed to provide exceptional community association management . For more information, visit http://www.associatedasset.com.