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Drew Millard is a 33 Realty principal and founder

33 Realty Sells Property Management, Maintenance and Leasing Divisions

Poplar Homes, the Cupertino, CA-based property management company, has acquired Chicago-based 33 Realty’s property management, maintenance and leasing divisions as it expands into multifamily property management and extends its U.S. footprint. 33 Realty’s investment brokerage and distressed assets divisions were not part of the transaction and will continue to operate under the 33 banner. Deal terms weren’t disclosed.  

33 will remain based out of Chicago and transition operations gradually over the next three years with the current C-suite remaining at the helm and running the business. 33 will eventually be rebranded to Poplar Homes.  

“We were motivated by Poplar’s vision to serve as a ‘lifetime real estate partner,’” said Drew Millard, 33 principal and founder. “This partnership allows us to expand our model into other markets across the U.S. and really aligns well with our corporate vision. It is a win-win for both parties.” 


Inside The Story

33 Realty

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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