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Portico and Crossbeam Launch Multifamily Joint Venture

HOUSTON – Portico Property Management, a property management firm headquartered in Houston, and Crossbeam Capital, a multifamily real estate investment firm with offices in Houston, Denver and Dallas, have launched a joint venture that will include more than 6,200 multifamily units across six states.

Additionally, the companies will merge back-end operations and support services that will create ease of use for investors and clients, the firms said in an announcement. The property management portion of the joint venture will operate under the Portico brand in the company’s Dallas and Houston offices.

The units are located in Texas, Colorado, Illinois, North Carolina, Pennsylvania and Washington D.C.

Ted Kerr is managing partner of Crossbeam Capital. Founded in 2011 by Darren Williams, Portico Property Management offers asset management, due diligence, pre-acquisition analysis, renovation analysis and management, and disposition services.

April 17, 2017 Realty News Report Copyright 2017

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