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South Florida

Pointe Group buys rival property management firm

The Miami-based property management firm, Pointe Group Advisors, has acquired its rival, Americas Property Management.

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The acquisition will add 4.7 million square feet of management contracts to Pointe Group’s portfolio, which already exceeds 10 million square feet, according to the South Florida Business Journal. All of Americas Property Management’s 10 employees will be retained.

“We are excited to announce the acquisition of Americas Property Management, which has an impressive list of clients and a roster of employees that includes veterans in the South Florida real estate market,” Pointe Group CEO Peter Gardner said in a prepared statement. “The acquisition is part of Pointe Group’s strategic expansion to continue increasing our South Florida footprint and to broaden the asset classes that our firm focuses on.” [SFBJ] – Christopher Cameron