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SMI Property Management Merges with JPM Real Estate Services
Portland-based JPM Real Estate Services has joined Willamette Valley-based SMI Property Management in a friendly merger.
The merger means that SMI will expand its industry-leading services into the greater Portland area while maintaining all staff and properties served by JPM. The merger brings more than 2,100 units into SMI’s management portfolio. SMI will now manage more than 5,400 multifamily units. SMI also manages approximately 50 commercial office and retail properties in the mid-Willamette Valley.
With the merger with JPM Real Estate Services and its 60 employees, SMI Property Management will now employ approximately 160 employees, including portfolio managers, apartment community managers, and maintenance teams. “We are excited about this new opportunity to provide property owners with our wide range of management services and to help renters find fair-priced, accessible housing in the greater Portland area,” said Gabe Johansen, President and CEO of SMI.
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