Austin, TExas (PRWEB) June 12, 2014
FirstService Residential Realty (FSRR), a national property management company, has been purchased by the company’s existing executive managers in a management buyout deal. The Austin, Texas-based property management company will be renamed The Rockbridge Group, and will continue to provide rental property management services to both multifamily communities and single-family homes across the nation.
Greg Tolander, CEO of FSRR, and John Miller, CFO of FSRR, led the managed buyout, with further financing from Plains Capital Bank. Financial terms of the deal were not disclosed.
Since 2008, FSRR has managed over 100,000 rental properties in the country. The Rockbridge Group will build on this deep experience to provide both clients and residents with the high quality service they have become accustomed to with FSRR. According to Tolander, The Rockbridge Group is on track to significantly expand its service offering in the coming months, including acquisition, market and property assessments, and leasing and evictions through to disposition.
“We are excited to create a new path as The Rockbridge Group, leveraging the strong team we have in place who have led us to success,” said Tolander. “Looking forward, we’re confident our culture of integrity and innovative spirit will continue to fuel our future growth.”
About The Rockbridge Group
Headquartered in Austin, Texas, The Rockbridge Group, formerly FirstService Residential Realty, is a leading full-service property management firm specializing in multifamily communities and single-family homes. With an extensive suite of management solutions developed to serve today’s real estate investor, The Rockbridge Group provides the rich expertise needed to manage acquisitions, market and property assessments and leasing through to disposition.
With regional offices located in California, Florida, Texas and Nevada, The Rockbridge Group has local market specialists in-place dedicated to meeting unique client and residential needs in communities nationwide.
For more information, visit http://www.therockbridgegroup.com.