Pacific Union Property Management Acquires Competitor, Grows by Almost 800 Percent
August 4, 2014 • Posted in Pacific Union News
We are pleased to share the news that Pacific Union Property Management (PUPM), a joint venture of Pacific Union, has acquired competing firm Management 4 H.O.A.s to expand its North Bay footprint and dramatically grow its number of managed units. The news comes on the same day that Pacific Union celebrates its fifth anniversary under its current ownership.
Based in Marin and Sonoma counties, Management 4 H.O.A.s increases PUPM’s portfolio in the Bay Area by nearly 800 percent, adding 3,450 new management units.
“This aggressive move and hypergrowth is in Pacific Union’s DNA,” says Michael Harrington, president of PUPM.
The move echoes a similar leap forward exactly five years ago, when the principals of North Bay boutique real estate firm Morgan Lane Marin stunned the San Francisco Bay Area real estate community by acquiring Pacific Union on Aug. 4, 2009.
“This is a second David and Goliath scenario,” Pacific Union CEO Mark. A. McLaughlin says. “Through Pacific Union Property Management President Michael Harrington’s leadership, we are prepared for this giant step in growth and are actively exploring additional acquisition opportunities in the San Francisco Bay Area.”
Management 4 H.O.A.s’ founder Lisa Crikos will head the company’s former offices in Marin and Sonoma counties as PUPM’s vice president of community management. Crikos will oversee offices in Santa Rosa, Cotati, and Novato.