Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield to Acquire Multifamily Property Management Leader Pinnacle Property Management Services

2/5/2020

Acquisition will establish Cushman & Wakefield’s U.S. Multifamily Property Management platform

CHICAGO - Cushman & Wakefield (NYSE: CWK) announced today that it has entered into a definitive agreement to acquire Pinnacle Property Management Services, LLC, the third-largest multifamily property management firm in the U.S.

The acquisition—which is subject to customary closing conditions, including receipt of all applicable antitrust approvals—will establish a foothold for Cushman & Wakefield across 20 key U.S. multifamily markets and will significantly enhance the firm’s ability to meet the ever-growing demand for fully integrated real estate services from multifamily investors.

Pinnacle manages more than 169,000 units across 839 properties for a variety of top multifamily owners including institutional, private and foreign investors; financial institutions; pension funds; private partnerships; sole owners; and government housing groups.

“The acquisition of Pinnacle will greatly enhance our ability to provide a full complement of services to the many investors active in the multifamily space,” said Carlo Barel di Sant’Albano, Chief Executive of Global Capital Markets & Investor Services for Cushman & Wakefield. “Pinnacle is a proven industry leader with the specialized expert knowledge to help us seamlessly execute our clients’ multifamily investment strategies through the entire investment life cycle.”

“We are thrilled to soon join Cushman & Wakefield, one of the world’s most admired commercial real estate brands, which shares our client-centric focus and commitment to service excellence,” said Rick Graf, President & CEO of Pinnacle, who will lead the Americas Multifamily Property Management platform for Cushman & Wakefield. “Cushman & Wakefield’s scale, depth of resources and exceptional people will add tremendous value for our current and future clients.”

With the acquisition, Cushman & Wakefield will manage a total of more than 869 million square feet for its investor clients across the Americas.

“This acquisition is a monumental step for Cushman & Wakefield and our Asset Services platform as we expand our capabilities in an asset class that presents incredible future growth opportunities,” said Marla Maloney, President of Asset Services, Americas. “With a strong reputation for service and cultivating high-performing talent, we are confident that Rick and the Pinnacle team will continue that tradition of excellence as part of Cushman & Wakefield.”

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

RECENT INSIGHTS

Main-Streets-2022-web-card
Research • Retail

Main Streets Across the World

Retail Rebound: How Retail Real Estate Fared During the Great Pandemic Stress Test

11/22/2022
112022cop27card
Insights • Sustainability

​COP27 Egypt Climate Summit: Implications for Real Estate​

In advance of 45,000 participants coming together in Egypt to share ideas, solutions, build partnerships and coalitions—six major considerations were front of mind. Country leaders, climate experts and advisors gathered in Sharm el-Sheikh over the past two weeks for Conference of the Parties (COP) 27.
Andrew Phipps • 11/21/2022

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS