David Stendal founded Omega Management, Inc. in 1977, starting with an initial portfolio of small rental properties totaling 89 units. In February 1980, the company acquired its first community association client, a small 20-unit property built in 1887. Sensing an opportunity in this new field of association management, Stendal quickly refocused the company to specialize in community association management. Realizing that there was much to learn in this new field that shared little in common with rental management, Stendal joined the Community Associations Institute in 1980. He was elected to the Chapter Board of Directors and served as President of the CAI Minnesota Chapter in 1983. Stendal has presented seminars on a variety of topics, including budgeting, Reserve funding, dealing with contractors, and handling insurance deductibles.
Omega Management, Inc. currently manages over 60 community associations comprising about 5,000 units, with a number of clients dating back to the early 1980’s

Mr. Pettersen joined Reserve Data Analysis, Intl in 1996 and leads their Midwest operations from the Minneapolis office.
Greg is a CAI certified Reserve Specialist™ and business school honor graduate with over a decade of commercial and residential construction industry experience in the upper Midwest.
An active Board member in his Minneapolis area Townhouse Association for fourteen years, his tenure there included terms as chairman of both the maintenance and budget committees and President from 1995 to 2006.
He helped guide his association through a complete rewrite of their governing documents, including an “opt-in” to the Minnesota Common Interest Ownership Act, and charted them a financial recovery from the brink of insolvency.
Greg has served multiple terms on the Board of Directors for the Minnesota Chapter of the Community Associations Institute, including 2004 Chapter President, has chaired the CAI-MN Legislative Action Committee and served as an alternate member of CAI's Reserve Professionals Committee.
He leads workshops and lectures at Educational Conferences, authors articles on reserve funding, routinely consults with association boards, and teaches Property Manager and Realtor continuing education courses.

Marjorie (Marj) Peterson holds both PCAM and CCAM designation and is a nationally recognized expert in the field of community association development, transition, operations, and management. Marj started her work in the management industry in Minnesota in 1971 and in 1981, as President of Creative Transitions, Inc., Marj created one of the first companies in the country to specialize in the transition of community associations from developer control to homeowner control.
Marj was recognized by the Community Associations Institute (CAI) with the coveted Byron Hanke Award for lifetime achievement and contributions in the field of community associations. Marj also served as the national president of CAI in 1987 and was the first woman among 17 managers in the nation to receive the Professional Community Association Manager (PCAM) designation from CAI.
In 2001, Marj started her specialized consulting business, Creative Transitions & Consulting, in CA following her completion of a $12.9 million new construction and $5 million renovation projects in La Jolla, CA.
In 2005, Marj opened a second office in Minnesota and travels extensively for clients throughout the country. Her expertise and knowledge in this specialized industry allows her the ability to provide Developers, Boards, Managers and their communities with the highest level of assistance in all areas of their operations.