Portico Property Management, Crossbeam Capital Announce JV

The two companies will manage more than 6,200 units under the Portico brand.
The Parc at South Green Apartments in Houston, a property managed by Portico

The Parc at South Green Apartments in Houston, a property managed by Portico

Houston—Portico Property Management and Crossbeam Capital, a multifamily real estate investment firm, recently launched a joint venture that will runt its property management operations under the Portico brand, in the company’s Dallas and Houston offices. The firms will merge back-end operations and support services, creating ease of use for investors and clients.

The partnership will house more than 6,200 multifamily units in Texas, Colorado, Illinois, North Carolina, Pennsylvania and Washington, D.C. Portico’s President, Darren Williams, will lead combined operations and approximately 173 employees in the two firms will provide support to investors and clients.

“This venture with Portico allows us to expand our platform and services among our clients and strengthen our overall service level. We have a strong track record of delivering exceptional results to our investors and this partnership allows us to provide an even better strategy for performance,” Crossbeam Capital Managing Partner Ted Kerr said in a prepared statement.

Founded in 2011, Portico offers expertise in management services, construction management, renovation, due diligence, acquisition and disposition services. Crossbeam is a multifamily investment firm specializing in value-add investment and development strategies. Its expertise includes investment management, acquisitions and dispositions, and asset management services.

Image courtesy of Parc at South Green Apartments via parcatsouthgreenapts.com