Resource Residential, based in Philadelphia, was merged with a Dallas-based US Residential. US Residential is a national full service management company that is fee based. They manage conventional plus affordable multi-housing communities. Resource Residential is a former business portion of Resource America, a subsidiary of C-III Capital Partners led by Chairman and CEO Andrew Farkas. Us Residential has experience with managing over 100 thousand apartment units across the United States.
Since the companies are now combined it broadens the geographical reach while expanding the depth of resources and capabilities for multifamily clients. The combined company of US Residential and Resource Residential manages over 200 properties in 30 states, which is roughly over 40 thousand units. The combined company employs over 11 thousand employees. The combined company was ranked one of the top 35 property management companies in the United States.
The executive management of the combined companies of US Residential and Resource Residential has extensive experience in the industry. They also have the expertise of all aspects concerning client services and operations. The combined company’s diverse skillset aids in furthering the company’s industry leadership with delivering outstanding results to their clients. US Residential and Resource Residential brands will continue to operate independently until the property level transitions are complete.
The combined company is positioned to grow through third party management contracts and affiliate investment management. The company’s communication and collaboration is the core of the company. The team works hard to create a friendly and exciting environment. The teams live in the markets in which they operate. Having teams that are local helps in getting ahead of any market challenges and with the anticipation of market opportunities. The services available through this combined company are, property management, construction, development, lease-ups and reporting. The decisions the combined company makes is based on data and technology to obtain the data. They use this approach to help optimize your operating strategies and improve service delivery.