Cushman & Wakefield Scales Up Multifamily Platform with Pinnacle Acquisition

Cushman & Wakefield has entered into a definitive agreement to acquire Dallas-based Pinnacle Property Management Services, LLC, the third-largest multifamily property management firm in the U.S. Terms weren’t disclosed. Seperately, the Hunt Companies said it agreed to sell its majority interest in Pinnacle to Cushman & Wakefield.

The acquisition will establish a foothold for Cushman & Wakefield across 20 key U.S. multifamily markets. Pinnacle manages more than 169,000 units across 839 properties for a variety of top multifamily owners.

“The acquisition of Pinnacle will greatly enhance our ability to provide a full complement of services to the many investors active in the multifamily space,” said Carlo Barel di Sant’Albano, chief executive of Global Capital Markets & Investor Services for Cushman & Wakefield. “Pinnacle is a proven industry leader with the specialized expert knowledge to help us seamlessly execute our clients’ multifamily investment strategies through the entire investment life cycle.”

Rick Graf, president and CEO of Pinnacle, will lead the Americas Multifamily Property Management platform for Cushman & Wakefield. “Cushman & Wakefield’s scale, depth of resources and exceptional people will add tremendous value for our current and future clients,” said Graf.

With the acquisition, Cushman & Wakefield will manage more than 869 million square feet for its investor clients across the Americas.

Pictured: A Pinnacle-managed property in Austin, TX.

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