RIVERGATE | KW Management Launches Multifamily and Commercial Property Management Firm
- Jul 08, 2014
Miami—Two veteran real estate investment, management and consulting companies have announced the formation of RIVERGATE | KW Management, a new entity focusing on multi-family and commercial property management. Rivergate Companies, a real estate investment, management, development firm, will combine its subsidiary, Rivergate Management, with the non-condo portfolio of KW PROPERTY MANAGEMENT & CONSULTING, a leader in condominium property management, to create RIVERGATE | KW Management. The management and leadership team will remain in place from both firms.
RIVERGATE | KW Management will serve two distinct market sectors – the Multi-family division which includes market rate and affordable housing properties; and the Commercial division which includes office, retail and industrial properties. With an existing portfolio of 19 properties contributed by both parties, RIVERGATE | KW Management innovative and disciplined asset management practices, use of accounting and state-of-the-art technology, help real estate owners reduce operating costs and enhance property values while maintaining the highest quality living environment for its residents.
As the economic recovery continues, the multi-family sector continues to expand due to high renter demand and limited supply. Investors continue to turn to secondary markets and value-added plays that offer the potential of increasing value through renovation and repositioning. Office, retail and industrial properties are also reaping the benefit of the recovery.