SALT LAKE CITY, May 23, 2013 /PRNewswire/ – After 22 years of success managing its own assets, the owners of Bridge Property Management ("Bridge") have decided to offer multifamily property management services to other real estate owners. Our third party management entity is named Residential Communities managed by Bridge ("RCB"). Bridge is currently located in 13 states and manages 70 assets – with an organization of more than 700 full-time professionals. Our success has made Bridge one of the well-respected and successful property management companies in the nation. RCB will utilize the structure built around Bridge success – an intense focus on financial performance, optimizing assets through detailed local market expertise and up to date market integration tools. RCB's management fees are competitive with no hidden costs.
Matt DeGraw, President, announced the launch of RCB: "We have great people and associations with great vendors. In addition to adding new properties to our portfolio through third party growth, when a property sells, we hope to maintain management of the property. Our longevity in the business shows that we know how to manage assets in an optimal manner, to drive value at the asset level. We use our longstanding practices to make a property profitable – building on NOI and preserving the asset."
RCB is headquartered in Salt Lake City, Utah where its accounting, human resource and other support staff are located. Tom Potvien, Vice President of RCB is located in Denver, Colorado and is focusing on our growth in the Colorado, Arizona and Texas markets. Amy Sexton offices out of Salt Lake and is focusing on growth in Utah, Nevada and Seattle markets. Residential Communities managed by Bridge (RCB) will also be targeting California, Georgia, Illinois, Kansas, Missouri, Nebraska and New Mexico.