Renters Warehouse Blog
Renters Warehouse Acquires Worth Clark Realty’s Property Management Business and Contracts for Over 1,100 Single-Family Properties
Renters Warehouse, one of the largest and highest reviewed property management companies in the country, is thrilled to announce that it has acquired Worth Clark Realty’s Property Management Business and contracts for over 1,100 single-family properties.
Renters Warehouse acquired contracts totaling over 1,100 units as part of the transaction, across four markets including St. Louis, Kansas City, Denver and Chicago. With the addition of these properties, Renters Warehouse now services over 14,000+ investors with 22,000+ residential homes across 42 markets and 25 states.
This acquisition marks the first for Renters Warehouse in 2018, following six acquisitions in 2017. “We’re being very selective with our acquisitions in 2018 and anticipate closing one or two more in 2018,” explained Renters Warehouse CEO, Kevin Ortner.
“Relative to 2017, we are planning to close fewer deals this year with a focus on larger portfolios that are in our existing markets,” added Renters Warehouse’s Chief Investment Officer & President of Portfolio Services, Anthony Cazazian. “The acquisition of Worth Clark’s property management business is a great example of what we are trying to do this year, and we are very excited to have closed and fully integrated the portfolio in under four months.”
Worth Clark owner Bryan Bowles is equally excited about the acquisition. “Our experience during the transaction and closing of this sale, as well as throughout the integration process was smooth and seamless. We are confident our homeowners will be in excellent hands as part of Renters Warehouse’s growing portfolio.”
Renters Warehouse exists to help homeowners and investors create wealth and financial freedom through Rent Estate™. To learn more about Rent Estate, visit http://www.rentestaterevolution.com and order your copy of Rent Estate™ Revolution, Renters Warehouse’s cornerstone book for the masses authored by Kevin Ortner and with foreword Dr. Arthur B. Laffer, Phd., Economic Policy Advisor to President Ronald Reagan.