Guardian Announces Merger
- Jun 19, 2012
Portland, Ore.—Guardian Real Estate Services (Guardian) and Legacy Management Group recently announced that both companies have approved a definitive merger agreement in which Guardian will operate all of Legacy Management Group’s multifamily properties located in Washington, Oregon, Texas, Arizona, Utah and Alaska. Legacy Management Group has closed its Everett, Wash., operations and all operations have merged under Guardian Management LLC, headquartered in Portland, Ore. With this agreement:
- Guardian’s portfolio grows by 150 properties for a total of more than 18,000 multifamily units.
- Guardian now becomes one of the largest vertically integrated firms on the West Coast offering a diversified platform that includes management, development, investment and advisory services.
- Guardian capitalizes on a substantial opportunity to take the valuable in-house expertise of two companies to create an unparalleled depth of expertise in the provision of custom solutions and creative capacity.
With this merger, Guardian brings additional technology across the combined portfolio, making Guardian one of the largest and most technologically advanced real estate management, development and investment firms on the West Coast. The combined resource further contributes to the company’s strengths and leadership in the industry.