Home >> News >> Data >> Carrington Property Services to Manage Expanding Rental Portfolio
Print This Post Print This Post

Carrington Property Services to Manage Expanding Rental Portfolio

""Carrington Property Services"":http://www.carringtonps.com/ announced it is taking over property management responsibilities on rental properties owned by capital management firm ""Gorelick Brothers Capital"":http://www.morrocroft.com/.

[IMAGE]

Per the two companies' partnership, Carrington will manage Gorelick's rental portfolio, which is located primarily in seven major urban centers. According to a release, it was Carrington's experience and infrastructure that made the company stand out among all property [COLUMN_BREAK]

management firms, as well as its existing management operations in several of Gorelick's expansion target markets.

Renee Deane, EVP for Carrington Property Services, said she expects both companies to benefit from the partnership.

""Understanding the growing need for a national property management solution that is both tailored to portfolio management and has the ability to manage multiple property managers, we designed Carrington Property Services to be a reliable platform for the institutional market place,"" Deane said. ""Our partnership presents a win/win as it marries Carrington's operational expertise with Gorelick's reputation as a leading investment advisor for the housing industry.""

Carrington Property Services' president, Kevin Cloyd, agreed.

""We are looking forward to partnering with Gorelick as they expand their portfolio over the next several years. Our partnership will assist Gorelick with meeting both their property management and financial objectives, while at the same time ensuring their tenants receive the very best of service,"" he said.

x

Check Also

Overcoming the Barriers to Homeownership

A recent House Financial Services Committee hearing discussed the benefits of the $150 billion Build Back Better Act, and the measure’s efforts to expand housing for all nationwide.

Subscribe to MDaily

MReport is here for you to stay on top of important developments in the mortgage marketplace. To begin receiving each day’s top news, market information, and breaking news updates, absolutely free of cost, simply enter your email address below.