Miami Management Company Expands Operations with Merger
Discussions between Weller Management and Bridge Real Estate Group began earlier this year.
By Robert Demeter
George Quay, managing partner, Weller Residential
Tampa & Miami—Weller Management, a division of Weller Residential, a St. Petersburg, Fla.-based real estate investment company has merged with Bridge Real Estate Group in Boca Raton, Fla.
Discussions between the two parties began earlier this year, in April. Now, the combined company will operate under the Bridge Real Estate Group name, and will manage more than 11,600 multifamily communities in major markets across The Sunshine State and the Southeast region, including Alabama, Tennessee, North Carolina and Georgia.
The leadership team will maintain their current offices across Florida, with the management headquarters and operations, including accounting, human resources and marketing departments, being based in the Boca Raton office. Bridge Real Estate Group will continue to be led by Ann Henderson, Mike Oliveri, Billy Wilks and Lori Krull, who will oversee the day-to-day affairs of the company.
“The merger with Bridge Real Estate Group allows us to utilize our combined platforms to provide added services and resources to our existing clients, while also providing additional company benefits to attract new clients,” said George Quay, managing partner at Weller Residential, in prepared remarks. “While this merger positions us as more of a regional player, we are dedicated to ensuring it is seamless for all of our clients.”
Bridge Real Estate Group offers expertise in management services, with additional services spanning from condominium association management, construction, renovation, development, due diligence, acquisition and disposition services.
“This combination takes our management platform to a new level. Weller’s philosophy and culture mesh well with Bridge and we are confident the merger will bring value to our clients and our associates,” added Henderson.
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