CHICAGO--(BUSINESS WIRE)--Cushman & Wakefield (NYSE: CWK) announced today the completion of its acquisition of Pinnacle Property Management Services, LLC, the third largest multifamily property management firm in the U.S. The acquisition establishes a foothold for Cushman & Wakefield across 20 key U.S. multifamily markets and significantly enhances the firm’s ability to meet the ever-growing demand for fully integrated real estate services from multifamily investors.
“It’s an exciting time at Cushman & Wakefield as we expand our ability to provide a full complement of services to our investor clients in the multifamily space,” said Marla Maloney, President, Asset Services, Americas. “We welcome our new team and look forward to integrating our industry-leading platform with Pinnacle’s proven expertise to seamlessly execute our clients’ multifamily investment strategies.”
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. As part of Cushman & Wakefield’s Americas Asset Services business, Pinnacle will gain access to a deeper platform and increased scale across the nation.
“We are excited to continue our commitment to delivering exceptional value to our clients as part of Cushman & Wakefield,” said Rick Graf, Pinnacle President & CEO. “Our aligned client-centric focus and combined strength in people, resources and client relationships presents growth opportunities for all involved in the acquisition.”
Cushman & Wakefield’s Americas Asset Services platform provides comprehensive property management services to corporate, institutional and private commercial real estate investors, with services that include transitions, accounting and financial reporting, engineering operations, tenant experience, sustainability and energy management, and project and development services.
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 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 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.