Pacific Union Springboards Huge Growth Through Acquisition, Continuing Expansion
SAN FRANCISCO, Aug. 4, 2014 /PRNewswire/ -- Pacific Union Property Management Inc. (PUPM), a joint venture of Pacific Union International Inc., announces the acquisition of Management 4 H.O.A.s LLC. Based in Marin and Sonoma counties, Management 4 H.O.A.s increases PUPM's portfolio in the Bay Area by nearly 800 percent, adding 3,450 new management units.
"This aggressive move and hypergrowth is in Pacific Union's DNA," says Michael Harrington, president of PUPM.
The move echoes a similar leap forward exactly five years ago when the principals of North Bay boutique real estate firm Morgan Lane Marin stunned the San Francisco Bay Area real estate community by acquiring Pacific Union on August 4, 2009.
"This is a second David and Goliath scenario," offers Pacific Union CEO Mark. A. McLaughlin. "Through Pacific Union Property Management President Michael Harrington's leadership we are prepared for this giant step in growth and are actively exploring additional acquisition opportunities in the San Francisco Bay Area."
The Pacific Union brand is recognized throughout the Bay Area and is a significant contributor to PUPM's ability to accelerate growth. PUPM was established in 2012.
Management 4 H.O.A.'s founder Lisa Crikos will head the company's former offices in Marin and Sonoma counties as PUPM's vice president of community management. Crikos will oversee offices in Santa Rosa, Cotati, and Novato.
PUPM provides comprehensive property management services throughout the Bay Area, including Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, and Sonoma counties. From single-family homes to apartment buildings and HOAs, PUPM creates individualized estate-management plans to strengthen value and drive demand for competitive rental pricing.
About Pacific Union
Pacific Union is the San Francisco Bay Area's premier luxury real estate brand operating in nine regions, including Contra Costa County, the East Bay, Marin County, Napa County, San Francisco, Silicon Valley, Sonoma County, Sonoma Valley, and the Tahoe/Truckee region.
Pacific Union offers a full range of residential and commercial real-estate brokerage services, mortgage services, insurance services, property management, and relocation.
Locally owned, Pacific Union operates with an entrepreneurial mindset and unwavering commitment to deliver exceptional service and expertise to ensure deep, long-standing client relationships.
For more information, please visit us at www.pacificunion.com, www.pacificunion.com.cn, get our real estate news and insights at blog.pacunion.com, or find us on Facebook (facebook.com/pacificunionrealestate) and Twitter (@pacunion).
SOURCE Pacific Union