Global residential property management group continues significant U.S. expansion

JRK Property Holdings out of its JRK Platform 5 Fund has acquired in separate transactions two Class A multifamily communities in Minneapolis and San Francisco for nearly $100 million.

Today marks the launch of Pratum Companies, a national, integrated real estate firm, following Full Circle Real Estate Partners' acquisitions of Edgewood Management Corporation and Presidential Service Industries and the formation of FCRE Compliance and Leasing. Now powered by new leadership under CEO Shah Alam, Pratum has expanded its executive team with Steve Lainez as president of the commercial cleaning division and Adriana Ortega Diaz as president of the compliance and leasing consulting division.

Standard Communities, a leading national multifamily housing investor and developer, has made its first investment in Minnesota, acquiring Rivertown Commons, a 96-unit 100% affordable community for seniors and individuals with disabilities in Stillwater.

Pretium, a specialized investment firm with over $50 billion in assets under management, today announced that it has completed its acquisition of BH Management Services (“BH”), one of the nation’s premier property management platforms in multifamily, student, and single-family housing.

Pretium, a specialized investment firm with more than $50 billion in assets under management, today announced that it has agreed to acquire BH Management Services (“BH”), one of the nation’s premier property management platforms in multifamily, student, and single-family housing. The transaction is expected to close early in the second quarter.

Mature Affordable Housing Development Business to Expand Services, Aligns Mission to Make Greater Impact on Affordable Housing Nationwide

Lynd Acquisition Group (LAG) acquired a 327-unit garden-style apartment community in San Antonio for $76.25 million.   The property was developed in 2021 by its affiliate Lynd Development Group.  Both entities are part of San Antonio-based LYND Group. 

The RMR Group (Nasdaq: RMR) today announced that it has completed its acquisition of MPC Partnership Holdings, LLC, doing business as CARROLL (“CARROLL”), a vertically integrated multifamily platform. The acquisition, which was announced on July 31, 2023, expands RMR’s platform to include multifamily commercial real estate, the only major property sector in which RMR did not have a significant presence, increases its private capital assets under management and diversifies its roster of private capital clients.