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HomeRiver Group® (HRG), the nation’s leading provider of property management services for single-family and small multifamily properties, announced today the acquisition of NSP Property Management in Lake Havasu City, Arizona.  This acquisition continues to add to HRG’s growth as the nation’s leading integrated provider of single-family and small multifamily property management in the U.S.

John Hirschfeld, Chairman and President of HRG, said “The acquisition of NSP Property Management, increased HRG’s footprint in Lake Havasu from 600 to almost 850 doors, furthering our dominance in that market. One of HRG’s most effective avenues for growth is through portfolio acquisitions where we deepen our presence in an existing market and leverage our local and national infrastructure to more expertly and efficiently serve our clients and tenants – all the more so in a case like NSP, where talented and well-trained professionals are willing to come along with the portfolio.”

“NSP’s strong portfolio of single family, multifamily and seasonal rentals in a growing market folds seamlessly within our current operations” added Andrew Propst, CEO of HRG. “We’re excited about continuing our acceleration in residential property management.”

HomeRiver Group (www.homeriver.com) offers a comprehensive suite of acquisition, renovation, leasing, management, maintenance, and brokerage services to large and small real estate investors, as well as Community Association Management services for Homeowner Associations. The company currently manages over 25,000 homes, and Homeowner Associations encompassing 19,000 additional HOA units, across 26 states.  

About NSP Property Management 

NSP Property Management LLC specializes in the management of single-family homes, duplexes, triplexes, apartment complexes, condos, storage units and winter visitor rentals. Started in 2007 by Nicolle Stuhlberg, NSP’s mission was simple, to provide the best service to all their clients through honesty, integrity and transparency. Her team’s attention to detail, customer service and extensive market knowledge led her to grow her business organically, through word of mouth.  As the business grew Nicolle’s daughter Danielle joined, and in 2017 Taylor McCaffrey came on board as well. Both now join HRG as valued members of the Lake Havasu Property Management Team, bringing along their focus on providing exceptional service and continued care of the clients.

HomeRiver Group® (HRG), the nation’s leading provider of property management services for single-family and small multifamily properties, announced today the acquisition of NSP Property Management in Lake Havasu City, Arizona.  This acquisition continues to add to HRG’s growth as the nation’s leading integr...

HomeRiver Group® (HRG), the nation’s leading provider of property management services for single-family and small multifamily properties, announced today the acquisition of Blue Mountain Real Estate & Property Management in Colorado Springs, Colorado.  This acquisition continues to add to HRG’s growth as the nation’s leading integrated provider of single-family and small multifamily property management in the U.S., with over 25,000 homes under management, and operations now in 26 states with the inclusion of the Colorado Springs and Pikes Peak area markets.

John Hirschfeld, Chairman and President of HRG, said “We’ve been looking to get into Colorado for several years and believe that Wayne Guthals and Blue Mountain will add value to HRG on many levels. We look forward to working with Wayne and his team and to growing rapidly in Colorado and adjacent states both organically and through further acquisitions.”

“The acquisition of Blue Mountain continues the acceleration of HRG’s expansion into multiple attractive geographies and will allow our management company to expand services that benefit our investors.  We are very blessed to have Wayne, an industry leader, on our team to help us grow our presence in the Mountain Region” added Andrew Propst, CEO of HRG.

Wayne Guthals, Owner-Broker of Blue Mountain Real Estate and Property Management (BMRE) said "We are very excited to have joined with Home River Group. Having been a Property Manager in Colorado for over 30 years, I know how important it is to evolve and grow so that our owners and tenants continue to experience the very best services we can offer. HRG's values are in close alignment with BMRE's and their emphasis on state-of-the-art processes and tools allows us to continue to serve our local market with an eye on continued growth."

Wayne is the founder of Blue Mountain Real Estate & Property Management, and has been involved in the greater Pikes Peak area real estate market since 1987.  Wayne is invested in Colorado Springs through his time spent in many professional and civic activities. He was born and raised in the area and is a member of the National Association of Residential Property Managers (NARPM) and has held the offices of Vice President and President of the Colorado Springs Chapter of NARPM. Wayne volunteers his service for many organizations throughout Colorado including the Boy Scouts of America, high school coaching and as a trustee at his local church.  Wayne will join HRG as a valued member of the leadership team and stay on board as a Regional Manager and report directly to the VP of the Mountain Region, Mr. Danny Harlow.  

About HomeRiver Group

HomeRiver Group (www.homeriver.com) is the nation’s leading integrated provider of single-family and small multifamily property management services. HRG offers a comprehensive suite of acquisition, renovation, leasing, management, maintenance, and brokerage services to large and small real estate investors as well as Community Association Management services for Homeowner Associations. The company currently manages over 25,000 homes, and 19,000 additional HOA units, across twenty-six states.  

About Blue Mountain Real Estate and Property Management 

Blue Mountain Real Estate & Property Management was founded on the belief that exceptional property management can be coupled with superior client communication allowing property owners and tenants to focus on other priorities. Providing property management services in the Pikes Peak Region from Monument to Fountain and from Manitou Springs to Falcon. Blue Mountain Management focuses on the day-to-day details of managing your property so you can rest easy knowing both your assets and your tenants are in capable hands. 

HomeRiver Group® (HRG), the nation’s leading provider of property management services for single-family and small multifamily properties, announced today the acquisition of Blue Mountain Real Estate & Property Management in Colorado Springs, Colorado.  This acquisition continues to add to HRG’s growth as the natio...

January 1, 2021 - HomeRiver Group (HRG), the nation’s leading provider of property management services for single-family and small multifamily properties, announced today the acquisition of Madison Real Estate and Property Management, Inc. based in Spokane, Washington. This acquisition continues to add to HRG’s growth as the nation’s leading integrated provider of single-family and small multifamily property management in the U.S., with 25,000 homes under management, and operations now in 23 states with the inclusion of this Spokane area acquisition.

John Hirschfeld, Chairman and President of HRG, said “This transaction is an extremely positive follow-on to HRG’s recent acquisition of Property Frameworks. It reconfirms HRG’s commitment to continue acquiring top-flight property management platforms and portfolios both within and outside of our ever-increasing footprint. Moreover, we’re thrilled to enter the Pacific Northwest with such a superb operation and leadership team.”

“The acquisition of Madison continues the acceleration of  HRG’s expansion into multiple attractive geographies and will allow our management company to expand our service to our investors in Washington State.  We are very blessed to have Eric, an industry leader, on our team to help us expand our Northwest Region.” added Andrew Propst, CEO of HRG.

Eric Bessett, President of Madison Real Estate and Property Management, Inc. said, “Becoming part of the HomeRiver Group will allow us to deliver an even better experience for our clients and residents.  We can still deliver the personalized touch of a small, family-owned company while leveraging HomeRiver’s technology and scale to provide superior property management services.  To be part of a team with such extensive knowledge, as well as their collective experience and wisdom, will only make us better.”  Bessett added “This is also a huge win for our team.  They are the heart and soul of our firm and the growth, benefits and opportunities that will be afforded to them through HomeRiver is very exciting to see.” 

Mr. Bessett, an Eastern Washington native and graduate of Eastern Washington University,  will join HRG as a valued member of the leadership team, reporting directly to HRG’s Vice President of the Western Region, Alexandra Goldthwaite.  

Financial terms of the transaction were not disclosed. 

About HomeRiver Group

HomeRiver Group (www.homeriver.com) is the nation’s leading integrated provider of single-family and small multifamily property management services. HRG offers a comprehensive suite of acquisition, renovation, leasing, management, maintenance, and brokerage services to large and small real estate investors as well as Community Association Management services for Homeowner Associations. The company currently manages over 25,000 homes, and 10,000 additional HOA units, across twenty three states.  

About Madison Real Estate and Property Management

Madison Real Estate and Property Management, Inc. was founded in 1984.  As one of the largest single-family and small multi-family property management firms in the Spokane, WA area, their focus is to add value and enable growth for their residential investment clients. Madison manages more than 600 residential units in the Greater Spokane area. 

January 1, 2021 - HomeRiver Group (HRG), the nation’s leading provider of property management services for single-family and small multifamily properties, announced today the acquisition of Madison Real Estate and Property Management, Inc. based in Spokane, Washington. This acquisition continues to add to HRG’s growth as the n...

October 1, 2020 - HomeRiver Group (HRG), the nation’s leading provider of property management services for single-family and small multifamily properties, announced today the acquisition of Property Frameworks from Realogy Brokerage Group, the nation's largest residential real estate brokerage company by sales volume. The acquisition will create the largest third-party property management company of its type in the U.S., with approximately 25,000 homes under management, and expand HRG’s operations from 14 to 22 states by adding Arizona, Delaware, Georgia, Hawaii, Maryland, Oklahoma, Pennsylvania, and Virginia as well as Washington, D.C. to HRG’s existing markets. 

“This acquisition enables HRG and Property Frameworks - two of the largest players in property management - to combine best practices and recognize unique advantages of scale on behalf of our clients and other stakeholders. It also creates a strategic opportunity with Realogy Brokerage Group by offering property management and related services to their clients,” said John Hirschfeld, Chairman and President of HRG. “The acquisition of Property Frameworks accelerates HRG’s expansion into multiple attractive geographies and will allow HRG and Property Frameworks to better serve clients of both organizations,” added Andrew Propst, CEO of HRG. 

Matthew Robbins, President of Property Frameworks said, “We are looking forward to working with HRG’s leadership team to expand and continue to refine our services across both platforms.” Mr. Robbins will join HRG as a senior member of the leadership team, working closely with HRG’s Chief Financial Officer, Andrew Napurano, and others to integrate, optimize and continue building out the combined company. 

Vladimir Gutin, Partner of TZP Group, HRG’s largest shareholder, said, “We are excited about HRG’s acquisition of Property Frameworks, which significantly enhances HRG’s market presence and ability to serve property owners in nearly all major SFR markets in the U.S.” 

Financial terms of the transaction were not disclosed. 

About HomeRiver Group 

HomeRiver Group (www.homeriver.com) is the nation’s leading integrated provider of single-family and small multifamily property management services. HRG offers a comprehensive suite of acquisition, renovation, leasing, management, maintenance, and brokerage services to large and small real estate investors as well as Community Association Management services for Home Owners Associations. The company currently manages over 13,000 homes, and 10,000 additional HOA units, across fourteen states. 

About Property Frameworks 

Property Frameworks (www.propertyframeworks.com) is one of the largest residential property management companies in the country, with over 11,000 homes under management. 

About TZP Group 

Founded in 2007, TZP is a private equity firm focused on investments in lower-middle market Technology & Business Services and Consumer Products & Services companies in the United States and Canada. TZP has raised over $1.7 billion since inception. 

October 1, 2020 - HomeRiver Group (HRG), the nation’s leading provider of property management services for single-family and small multifamily properties, announced today the acquisition of Property Frameworks from Realogy Brokerage Group, the nation's largest residential real estate brokerage company by sales volume. The a...

HomeRiver Continues to Expand its National Footprint

SAN ANTONIO – May 17th, 2018 – HomeRiver Group announced the acquisition today of Boardwalk Real Property Management (Boardwalk).

Boardwalk will over the next few months be re-branded as HomeRiver San Antonio, but Boardwalk’s founder Stephen Foster will continue after closing to serve as the designated broker for the division and will assist HomeRiver Group in further acquisitions throughout Texas. Mr. Foster is the third former President of the National Association of Residential Property Managers (NARPM) to have merged his business into HomeRiver Group’s platform, further evidence that industry leaders recognize the company’s strategic advantages.

A shared commitment to superlative client service and belief in the continued strength of the Texas rental housing market were key drivers of the deal.

“Identifying a larger platform that would continue to deliver excellent service to our customers was of the utmost importance,” said Foster. “We couldn’t have found a better home than HomeRiver. This will deliver meaningful value to the property owners we represent, our residents, and our employees.”

“We are thrilled to welcome Boardwalk to the HomeRiver family and honored to build upon the legacy and relationships that Steve has built,” said John Hirschfeld, Chairman and President of HomeRiver Group. “This partnership will bring HomeRiver’s expertise in areas such as leasing and maintenance – which has been developed and refined by property managers nationwide – to bear for Boardwalk’s customers while facilitating HomeRiver’s continued growth throughout Texas.”

HomeRiver Group, the leading integrated national provider of property management services to the single-family and small multi-family markets, was formed in 2016 through the combination of three leading property management platforms from around the country: Park Place Property Management in Boise, ID; Home Encounter in Tampa, Jacksonville, Orlando, Ocala, and Miami, FL; and Brick Lane Property Management in Indianapolis, IN. Since then, the company has acquired numerous leading regional property management businesses, all of which have been or are being being rebranded to HomeRiver. These have included Birch Management in Greensboro, NC; Letts Property Management in Chicago, IL; BMG Rentals in Salt Lake City and St. George, UT and Idaho Falls, ID; and HomePointe Property Management in Sacramento, CA. In addition, the company has opened offices in Kansas City, MO; Memphis, TN; Oklahoma City, OK and Cincinnati, OH. The company offers a comprehensive suite of acquisition, renovation, leasing, management, maintenance, and brokerage services to its clients.

“We are excited to partner with HomeRiver Group and have been inspired by the vision they have for the future of single-family and small multifamily property management and related services,” said Foster. “Our team has already begun coordinating with the HomeRiver team to plan the implementation of certain improvements to our systems and an expansion of our service offerings.” “Marrying enterprise-wide best practices, technology, economies of scale and national branding with local knowledge, boots on the ground, and trusted relationships continues to be a winning formula for property management,” said Hirschfeld. “We look forward to continuing to welcome leading property management companies and large portfolios into the fold as we expand our footprint across Texas and the country.”

About HomeRiver Group

HomeRiver Group (HRG) is the nation’s leading integrated provider of single-family and small multifamily property management services. HRG offers a comprehensive suite of acquisition, renovation, leasing, management, maintenance, and brokerage services to large and small real estate investors as well as Community Association Management (CAM) services. The company currently reports over 14,000 homes under management and over 10,000 HOA units represented by its CAM division, across fourteen states.

For more information, please visit www.homeriver.com.

About Boardwalk Real Property Management

Established in 1986, Boardwalk Real Property Management (Boardwalk) provides property management services on over 700 units in San Antonio, Texas. Boardwalk is a Certified Residential Management Company, certified by the National Association of Residential Property Managers (NARPM), and a member of NARPM, the National Apartment Association, and the National Association of Realtors. Stephen D. Foster, Boardwalk’s designated broker, is a licensed architect, a Master Property Manager, and a member of the Commercial Investment Real Estate Institute.

For more information, visit www.boardwalkrpm.com.

HomeRiver Continues to Expand its National Footprint SAN ANTONIO – May 17th, 2018 – HomeRiver Group announced the acquisition today of Boardwalk Real Property Management (Boardwalk). Boardwalk will over the next few months be re-branded as HomeRiver San Antonio, but Boardwalk’s founder Stephen Foster will co...