New York—R.E.M. Residential has acquired LWL Associates, a boutique management firm that has been in business for over 40 years, announces Rick Elezi, president of R.E.M.
The acquisition raises to 70 the number of buildings under R.E.M.’s supervision.
In an effort to make the incorporation of LWL into the R.E.M. fold as comfortable as possible, Elezi retained the acquired firm’s CEO to serve as a senior property manager (along with her two main employees in other positions) in his company, helping to integrate the LWL client base in a seamless fashion.