Home / News / REO / Carrington Property Services to Manage Expanding Rental Portfolio
Print This Post Print This Post

Carrington Property Services to Manage Expanding Rental Portfolio

""Carrington Property Services"":http://www.carringtonps.com/ announced it is taking over property management responsibilities on rental properties owned by capital management firm ""Gorelick Brothers Capital"":http://www.morrocroft.com/.


Per the two companies' partnership, Carrington will manage Gorelick's rental portfolio, which is located primarily in seven major urban centers. According to a release, it was Carrington's experience and infrastructure that made the company stand out among all property


management firms, as well as its existing management operations in several of Gorelick's expansion target markets.

Renee Deane, EVP for Carrington Property Services, said she expects both companies to benefit from the partnership.

""Understanding the growing need for a national property management solution that is both tailored to portfolio management and has the ability to manage multiple property managers, we designed Carrington Property Services to be a reliable platform for the institutional market place,"" Deane said. ""Our partnership presents a win/win as it marries Carrington's operational expertise with Gorelick's reputation as a leading investment advisor for the housing industry.""

Carrington Property Services' president, Kevin Cloyd, agreed.

""We are looking forward to partnering with Gorelick as they expand their portfolio over the next several years. Our partnership will assist Gorelick with meeting both their property management and financial objectives, while at the same time ensuring their tenants receive the very best of service,"" he said.

About Author: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.

Check Also

Cenlar Appoints New SVP of Default Operations

Mortgage loan subservicer adds former SVP at Mr. Cooper Ingrid Jaschok tapped to oversee all business segments within Cenlar’s default servicing portfolio.