Carrington Awarded Gorelick Brothers Property Management Agreement
Carrington Property Services and Gorelick Brothers Capital announced their partnership with Carrington providing national property management services for Gorelick’s single family rental portfolio. Carrington will be managing Gorelick’s existing rental portfolio located primarily in seven major urban centers. Marc Silverstein, director of Operations for GBC Residential Management, LLC led the search team for a nationwide property management partner. After an extensive review of property management companies, Gorelick selected Carrington based on the breadth of experience and infrastructure to provide exceptional management for the company’s nationwide portfolio. Silverstein noted Carrington’s existing management operations in several expansion target markets as an important factor. Kevin Cloyd, President of Carrington Property Services, believes that the partnership with Gorelick Brothers Capital will only strengthen the diversity of their client base. “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.” “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,” said Renee Deane, executive vice president for Carrington Property Services. “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. I’m confident that teaming up with them will result in a positive impact for both of our companies.” Owned by Carrington Holding Company, Carrington Property Services was built from the ground up to manage geographically-dispersed portfolios of single-family rental units. Over the past six years, the company has managed more than 30,000 U.S. properties, optimizing rental collections and providing in-depth analytics to its clients. Carrington’s proprietary technology, RentPointe, provides a fully scalable, internet-based technology to manage every aspect of a rental property’s lifecycle – from acquisition through rehabilitation and lease-up to ongoing management. Vendor management, reporting and business analytics modules are included along with electronic document upload capability to enable lease and rental agreements, invoices and vendor contracts to be securely stored and reviewed online as necessary.