Phoenix-based MEB Management Services and St. Petersburg, Fla.-based Weller Management announced their merger Monday.
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Two major multifamily management companies in the Sun Belt announced this week a merger, creating a new national organization with 1,150 employees and 47,000 units under management.
Phoenix-based MEB Management Services and St. Petersburg, Fla.-based Weller Management announced their merger Monday, creating a national management entity, Bryten Real Estate Partners, after a year of internal planning, according to a news release.
The new company manages divisions across multiple states, including Arizona, New Mexico, Tennessee, Florida, Colorado, Kentucky, Georgia, North Carolina, South Carolina, New York and Texas. The company services buildings including build-to-rent communities, mid-rise apartment buildings, student housing and garden apartments.
In addition to the 47,000 units the company already manages, more are in development and will come online in 2024 and 2025, according to the release.
“More than a year after the merger occurred, we are excited to introduce Bryten to the public,” said Libby Ekre, founding principal of MEB and now with Bryten. “MEB and Weller both have strong reputations in the multifamily management field and are well-respected partners. A respectful, trustworthy, people-first organization. Our valued residents, customers and team members should expect the same, higher level of compassion, commitment and quality of service from Bryten.
The new company will be headquartered in Phoenix with offices in Tucson, Denver and St. Petersburg. Leadership will consist of founding members Scott Cook, Libby Ekre, Joe Emerson and President of Operations John Vranich.
“Looking ahead, we will continue to deliver operational excellence to our customers and provide a positive living experience to our residents,” Emerson said. “Bryten plans to grow our assets under management by supporting our customers’ growth goals, positioning our portfolio to be in the Diversify geographically and by product type while building a team of industry experts with an unparalleled level of service.”
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