PTLA Real Estate Group Acquires Bay Area Management Company
Walnut Creek, CA (October 26, 2018) — PTLA Real Estate Group, a Bay Area real estate investment company, recently celebrated the acquisition of East Bay property management firm, CWP Property Management. CWP has managed both single-family and multi-family real estate assets in the Bay Area for over fifty years. The acquisition brings PTLA to over 2500 units and introduces them to several new cities in the San Francisco Bay Area market. The CWP portfolio adds to PTLA’s existing portfolio, which is focused primarily on the East Bay and under-100-unit properties.
PTLA will professionally manage the operations of CWP and plans to continue growing its business. Along with the company acquisition, PTLA acquired over twenty employees overseeing the CWP portfolio and operations. The expanded business will serve over 200 property owners in the Bay Area, focusing on new ways to add value for its clients.
Speaking of the transition, Peter Wilson, President of PTLA Real Estate Group, said, “This is a pivotal moment for our company as we expand to new markets. We look forward to growing together as we add the team to the PTLA family.”
The purchase of CWP Property Management is a strategic move for PTLA, which aims to become the dominant management company for multifamily properties with fewer than 100 units. PTLA plans to acquire more property management companies over the next few years, as it expands its market share in Northern California.
More information about CWP’s property management solutions can be found by visiting www.cwpmgmt.com.
ABOUT PTLA REAL ESTATE GROUP
PTLA Real Estate Group is an independent company that acquires and manages multi-family real estate with a specific focus in the West Coast market. Since 1971, we have built a team and company centered around the goal of achieving a higher standard of excellence. For more information, please visit our website at www.ptlareg.com.
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