Combining expertise and resources adds value to multifamily investments
December 15, 2015
Miami Lakes, Florida, and Salt Lake City, Utah – The Kislak Organization and Cottonwood Residential have forged a partnership that brings together two companies with extensive experience and successful track records in multifamily ownership and management. The two companies are now co-investing in several Kislak properties, Kislak has invested in the Cottonwood REIT, and Kislak’s property management company has merged into Cottonwood Residential.
The Cottonwood property management portfolio of more than 20,000 multifamily units now includes approximately 2,000 units at eight Kislak properties in Florida, Texas and Nevada. The two companies plan to expand the partnership moving forward and acquisitions teams at Kislak and Cottonwood are seeking multifamily projects for future co-investments.
“We are excited to be joining forces with an outstanding property management company and individuals who share our commitment to quality,” said Thomas Bartelmo, president and CEO of Kislak. “Working together, we will be able to create even greater value for our investors and residents.” Daniel Shaeffer, CEO of Cottonwood, said, “The Kislak investment into the Cottonwood REIT is a strong partnership endorsement from an industry-leading multifamily investment group and we are excited about working together with Kislak on future projects.”
About The Kislak Organization
Established in 1906, the privately held Kislak Organization is based in Miami, Florida. Its primary lines of business are real estate investment with a focus on multifamily ownership, multifamily and commercial real estate brokerage in the Northeast, and tax certificate investment funds. The organization invests and operates nationwide on behalf of the Kislak family and its partners.
About Cottonwood Residential
Cottonwood Residential, a private REIT headquartered in Salt Lake City, Utah, is a fully integrated real estate investment company. Its operating officers have been focused solely on the multifamily sector since 2004. The firm currently owns and/or manages 21,941 multifamily units in 18 states.