Bass Berry Helps Debt Servicer Branch Out To Apartments

Law360, New York (November 15, 2011, 5:40 PM EST) -- Commercial real estate debt manager C-III Capital Partners LLC is expanding into residential property management with the acquisition of U.S. Residential Group LLC and its affiliate Pacific West Management, C-III announced Tuesday.

C-III acquired the two affiliated multifamily property management businesses for an undisclosed sum, giving it a portfolio of 24,000 apartments that will continue to be managed by USRG, it said in a statement.

“The USRG and PWM acquisitions represent C-III’s next step in creating a fully diversified commercial real estate services company,” C-III CEO...
To view the full article, register now.