Acquisition of Bellingham Property Management Company Closed

Walnut Creek, CA (February 14 2020) — PTLA Real Estate Group, a private equity real estate company based in the San Francisco Bay Area, announced today the acquisition of a property management company in Bellingham, WA. Apex Property Management has provided management services for real estate owners in the Bellingham area for over 20 years, managing both single-family and multifamily properties. The additional 1,300 units brings PTLA’s total management portfolio to just under 4,000 units.

The acquisition of Apex Property Management increases PTLA’s presence in Bellingham, a market which has seen significant growth in the last few years and is expected to continue growing. Peter Wilson, President of PTLA, said of the purchase: “We have been excited about growth in Bellingham for years, and acquiring Apex will help us develop new relationships and continue to establish our position in the market.”

PTLA will professionally manage the operations of Apex and plans to pursue further growth in the Bellingham area. PTLA will continue leveraging its own experience and expertise, combined with that of the in-place team overseeing the Apex portfolio and operations, to deliver an even higher standard of service for its clients.

More information about Apex’s property management services can be found by visiting www.apex-property.com.


ABOUT PTLA REAL ESTATE GROUP

PTLA Real Estate Group is an independent company that acquires and manages residential and commercial real estate with a specific focus in the West Coast market. In our 50 year history, 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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