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Cushman and Wakefield to Acquire Pinnacle to Strengthen Multifamily Property Management Platform
Friday 07 February 2020

7 February 2020 - US real estate services firm Cushman and Wakefield (NYSE: CWK) has agreed to acquire US multifamily property management firm Pinnacle Property Management Services, LLC to establish a foothold for Cushman and Wakefield across 20 key US multifamily markets, the company said.
Terms of the transaction were not disclosed.
The acquisition will enhance the firm's ability to meet the demand for fully integrated real estate services from multifamily investors.
Pinnacle manages more than 169,000 units across 839 properties for a variety of top multifamily owners including institutional, private and foreign investors; financial institutions; pension funds; private partnerships; sole owners; and government housing groups.
With the acquisition, Cushman and Wakefield will manage a total of more than 869m square feet for its investor clients across the Americas.
Cushman and Wakefield (NYSE: CWK) is a real estate services firm with approximately 51,000 employees in 400 offices and 70 countries.
Date Published: 07/02/2020
Target: Pinnacle Property Management Services, LLC
Country: USA
Sector: Construction/Real Estate
Type: Corporate acquisition
Status: Agreed
Buyer: Cushman and Wakefield
Terms of the deal were not disclosed