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.
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
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