“The acquisition of Worth Clark’s property management business is a great example of what we are trying to do this year, and we are very excited to have closed and fully integrated the portfolio in under four months."
EDEN PRAIRIE, Minn. (PRWEB) April 11, 2018
Renters Warehouse, one of the largest and highest reviewed property management companies in the country, is thrilled to announce that it has acquired Worth Clark Realty’s Property Management Business and contracts for over 1,100 single-family properties.
Renters Warehouse acquired contracts totaling over 1,100 units as part of the transaction, across four markets including St. Louis, Kansas City, Denver and Chicago. With the addition of these properties, Renters Warehouse now services over 14,000+ investors with 22,000+ residential homes across 42 markets and 25 states.
This acquisition marks the first for Renters Warehouse in 2018, following six acquisitions in 2017. “We’re being very selective with our acquisitions in 2018 and anticipate closing one or two more in 2018,” explained Renters Warehouse CEO, Kevin Ortner.
“Relative to 2017, we are planning to close fewer deals this year with a focus on larger portfolios that are in our existing markets,” added Renters Warehouse’s Chief Investment Officer & President of Portfolio Services, Anthony Cazazian. “The acquisition of Worth Clark’s property management business is a great example of what we are trying to do this year, and we are very excited to have closed and fully integrated the portfolio in under four months.”
Worth Clark owner Bryan Bowles is equally excited about the acquisition. “Our experience during the transaction and closing of this sale, as well as throughout the integration process was smooth and seamless. We are confident our homeowners will be in excellent hands as part of Renters Warehouse’s growing portfolio.”
Renters Warehouse exists to help homeowners and investors create wealth and financial freedom through Rent Estate™. To learn more about Rent Estate, visit http://www.rentestaterevolution.com and order your copy of Rent Estate™ Revolution, Renters Warehouse’s cornerstone book for the masses authored by Kevin Ortner and with foreword Dr. Arthur B. Laffer, Phd., Economic Policy Advisor to President Ronald Reagan.
About Renters Warehouse
Renters Warehouse is one of the fastest growing and highest reviewed residential property management companies in America. Backed by growth equity investor and majority stakeholder Northern Pacific Group, and under the leadership of President and CEO Kevin Ortner, Renters Warehouse now manages more than $3 billion in residential real estate, servicing over 14,000+ investors across 22,000+ residential homes over 42 markets and 25 states. NPG Managing Partner Scott Honour, who in 1999 was a founder of YapStone, a leading online rental property payment service provider, serves as Chairman.
Renters Warehouse expertly serves everyday single-property homeowners as well as real estate investors. In 2015, the company officially trademarked the term Rent Estate™ to redefine the entire SFR (Single Family Rental) industry as more traditional real estate gives way to this new lucrative asset. Through their dedicated Portfolio Services Division led by Chief Investment Officer Anthony Cazazian, the company also brings professional, scalable and efficient single property management solutions to investment portfolios with both centralized services and local market expertise and staff. Not only has Renters Warehouse received the prestigious honor of being included on the Inc. 500 | 5000 list of fastest-growing privately held companies in America eight consecutive years in a row, it was also named one of the “Best Places to Work” in Minnesota (where they are headquartered) by the Minneapolis St. Paul Business Journal in 2010, 2011, 2012, 2014, 2015 and 2016. The company was also honored as a best place to work in Arizona (a centralized corporate services center) by the Phoenix Business Journal in 2013, 2014 and 2017, and achieved a spot on the prestigious 2016 Top Companies to Work for in AZ list. Nationwide, Renters Warehouse has been honored as one of America's "Best Places to Work" in 2012, 2014, 2015 and 2016 by Outside Magazine. Recognized as pioneers in real estate, business management and innovation, Renters Warehouse has been awarded 22 Business Stevie Awards both internationally and stateside.
In 2017, Renters Warehouse received an “A” rating from the Better Business Bureau (BBB) after meeting the BBB’s eight Standards of Trust and earning BBB Accreditation. In 2016, Morningstar Credit Ratings, LLC, a nationally recognized statistical rating organization (NRSRO) offering a wide array of services including operational risk assessments, assigned its MOR RV2 residential-vendor ranking to Renters Warehouse as a residential property manager, indicating that the company demonstrates proficiency in managing key areas of operational risk.
In 2017, Renters Warehouse published its first book - Rent Estate™ Revolution. Authored by CEO Kevin Ortner, the book shares the Renters Warehouse philosophy and business expertise around single-family rentals and the power of Rent Estate to drive long-term wealth creation, retirement security and financial freedom for the everyday person. Order your copy today: http://www.rentestaterevolution.com.
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