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Property Manager Asset Living Reports 60% Growth in 2020

Houston-based property management provider Asset Living grew more than 60 percent in 2020 and now manages a portfolio of more than $15 billion in real estate with more than 100,000 units across the nation. This makes the firm one of the largest U.S. property management providers.

Within the last year, Asset Living acquired three different organizations including Poetic, a digital-focused creative agency; Shelton Residential, an Arizona-based property management firm; and Alpha Barnes Real Estate, a Dallas-based property management firm.

Through those strategic acquisitions, Asset Living expanded its affordable housing, single-family home rentals and senior housing divisions. Along with its expansion into these new verticals, the company still focused heavily on growing its core business and achieved double-digit organic growth in 2020.

Ryan McGrath, CEO of Asset Living, said the company has been planning for this strategic growth for the past few years and despite the uncertainties caused by the pandemic, Asset Living stayed the course and achieved its goal. Looking ahead, McGrath projects the company could reach a total of $20 billion in assets under management by the end of 2021.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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