NAI Daus Acquires Property Management Firm in Akron

CLEVELAND, March 9 /PRNewswire/ -- In a strategic acquisition, NAI Daus' BPS Mngt Inc. division has acquired the property management division of ASW Properties Ltd., an Akron-based property management and investment firm.  BPS Mngt's clients will benefit from increased services and the acquisition enables the company to effectively pursue additional business in the Akron market.  By acquiring ASW Properties, NAI Daus and BPS Mngt gained additional talent and will also be making some new hires.

"This key acquisition of ASW's property management assets is in-line with our mission and real estate service offerings," says Bob Brehmer, managing partner of NAI Daus and senior vice president of BPS Mngt.  "We're now able to offer our existing and new clients additional property management services, particularly those pertaining to maintenance issues and emergency responses.  BPS Mngt prides itself on efficient, effective delivery and our current Akron-area clients should notice an even greater level of service based on our new relationships."  

Talent acquired through the acquisition includes accounting personnel, paralegals, construction managers, student housing leasing specialists and maintenance professionals.  These personnel have a valuable network of significant business relationships in the Akron community including corporate, entrepreneurial, academic and governmental decision makers.

As a testament to the improved strength of BPS Mngt after the acquisition, ASW Properties' investment division is now one of BPS Mngt's largest clients. The company is pursuing additional commercial real estate property management opportunities in the general office, industrial, retail and student housing sectors operated by individual owners, institutions and lenders.  

NAI Daus is currently researching locations for BPS Mngt's new Akron office and plans to relocate the former ASW Properties office in late 2010.  NAI Daus is working with its Akron-based brokerage affiliate, NAI Cummins, in locating this new office space.

For more information, visit www.naidaus.com or call (216) 831-3310.

About NAI Daus

Founded in 1964, NAI Daus is the Cleveland office for NAI Global, the world's largest managed network of commercial real estate firms with more than 5,000 professionals serving 325 markets in 55 countries.  NAI Daus is a full-service commercial real estate brokerage firm dedicated to strategically optimizing its clients' real estate assets.  NAI Daus offers a diverse range of expert brokerage and property management services for the industrial, office, land and retail industries throughout Northeast Ohio.  BPS Mngt, Inc. is a subsidiary of NAI Daus.  NAI Daus clients include:  American Greetings Corporation, Levin Furniture and Weyerhaeuser, to name a few.  Recent awards include the Costar Power Broker Award, the NAIOP Investment Deal of the Year Award 2004, 2005 and 2006 and the NAI Chairman Award 2010.  Professional affiliations include: Certified Commercial Investment Member (CCIM), Society of Industrial and Office Realtors (SIOR), Institute of Real Estate Management (IREM), Cleveland Area Board of Realtors (CABOR), International Council of Shopping Centers (ICSC), CoreNet Global (Core Net) and Commercial Real Estate Women, Inc. Cleveland (CREW).  With a winning track record of smart growth and fiscal responsibility, NAI Daus continues to strategically position itself for success in the Cleveland market.

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SOURCE NAI Daus