DALLAS, Jan. 23, 2017 /PRNewswire/ -- U.S. Residential Group LLC ("US Residential"), a national full-service, fee-based management company for conventional and affordable multi-housing communities, and a subsidiary of C-III Capital Partners ("C-III"), announced today that it has combined its operations with Resource Residential, a former business unit of Resource America, Inc. The combination of US Residential and Resource Residential follows C-III's acquisition of Resource America, Inc., in September 2016.
The newly combined Company manages over 200 properties and approximately 43,000 units in nearly 30 states. It also employs over 1,100 associates, ranking US Residential as one of the top 35 property management companies in the United States. US Residential's and Resource Residential's brands will continue to exist independently until property level transitions are completed.
The combined Company's executive management team has extensive industry experience and expertise across all aspects of client service and operations. The management team is led by US Residential's President, Stephanie Brock, an industry veteran with over 30 years of multifamily expertise, and includes Loyal Proffitt, Chief Operating Officer; Kelli Tomczak, Chief Administrative Officer; Caydee McCormick, Chief People Officer; and Mark Poston, Executive Vice President and formerly Chief Executive Officer of Resource Residential. The diverse skillset of the combined Company's team furthers its industry leadership in delivering outstanding results to clients.
The combination of US Residential and Resource Residential leverages the best of both organizations to create a diverse suite of property management services and customized solutions covering property management, construction management, redevelopment, and lease-ups, all of which are carried out and delivered locally by experts in each of the markets that US Residential operates.
Stephanie Brock, President, US Residential, said, "The combination of our business with Resource Residential is a transformative milestone for both organizations and we look forward to collectively harnessing the talent and power of this new Company to create exceptional experiences for our associates, clients and residents. Through our expanded geographic footprint and newly combined platform, we will provide property management solutions to an even broader array of clientele. From coast to coast, from high-rise to garden apartments, from marketing and leasing to property repositioning, the US Residential team can meet your every need wherever you need us."
US Residential is extraordinarily well positioned to grow both through third-party management contracts and with affiliate investment management businesses at Resource Real Estate and C-III Capital Partners, a commercial real estate services company.
About U.S. Residential Group LLC
U.S. Residential Group LLC ("US Residential") is a national full-service, fee-based management company for conventional and affordable multi-housing communities. By combining the talents and expertise of seasoned apartment professionals from each region of the country, US Residential and its key employees have experience managing over 100,000 apartment units.
One of the country's top 35 apartment management companies, US Residential has an extensive background in all multifamily classes and property types. For over 20 years, US Residential has been dedicated to achieving the goals and objectives of our multifamily clientele of pension funds, public companies, non-profits, public agencies and private real estate investors.
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SOURCE U.S. Residential Group LLC