US Residential Group

Farkas Subsidiary Nationally Ranked

U.S. Residential Group, a subsidiary of C-III Capital Partners, has been ranked one of the top 50 managers of 2017.

Earlier this week, the National Multifamily Housing Council released its 2017 rankings in a variety of categories. These include top owners, general contractors, developers and syndicators. These rankings help to determine the major players in the real estate business, specifically, those properties that house multiple families.

U.S. Residential Group this year rose to the number 30 spot on the top 50 managers list. This year, they managed 42,928 units of housing. This is an increase of over 2,000 unites since the 2016 rankings.

As a full-service multi-housing community management company, U.S. Residential Group manages over 200 properties across the United States. In 2016, C-III acquired Resource America. Earlier this year, U.S. Residential combined its operations with Resource America. This combination and the move into C-III allowed all three companies to diversify their portfolios of properties across the country.

C-III Capital Partners is known for its track record of creating value in a diverse range of markets. Their services include primary and secondary loan servicing, loan origination, fund management, and principal investment. They provide services to over $60 billion worth of commercial real estate.

C-III is a controlled affiliate of Island Capital Group. The firm is located in New York City and was founded by Andrew Farkas in 2003. As the founder and CEO of Island Capital Group, Farkas has had a long track record of successful achievements in real estate. His company’s acquisition of C-III Capital Partners has allowed the two companies to grow exponentially and become leaders in the world of real estate.

A Farkas Subsidiary has Combined with Resource Residential

U.S. Residential Group LLC, a subsidiary of C-III Capital Partners, recently combined its operations with Resource Residential.

The recent combination of US Residential and Resource Residential was officially announced January 23, 2017 and marks the creation of a newly formed company with a diverse suite of property management services. Not only does the joining of US Residential and Resource Residential bring about a new menu of service offerings, it also allows the company to experience new managing leadership and a broader array of clientele.

Acting as a property management business for and subsidiary of C-III, U.S. Residential Group LLC, or US Residential, is a national full-service and fee-based management company for multi-housing communities. Headquartered in Dallas, Texas, US Residential one of the nation’s largest third-party property management companies as the company boasts a massive presence in more than 53 markets and represents more than 100,000 apartment units.

Now combined with Resource Residential, a former business unit of Resource America, the newly combined company will operate in almost 30 states and manage over 200 properties and about 43,000 units. And although the two brands will continue to exist independently until further property level transitions are complete, the new company will rank as one of the top 35 property management companies in the US.

The recent combining of operations has given the newly formed company an opportunity to grow through third-party management contracts and affiliate investment management business at C-III. And as one of the world’s leading commercial real estate services company, C-III most definitely will be able to ensure the company’s growth and expansion.

Founded by Andrew Farkas, a real estate entrepreneur and investor, C-III engages in a wide range of real estate activities like primary and special loan servicing, loan orientations, fund management and much more. Since its inception, Farkas has the guiding leadership behind C-III’s rapid success and expansion. In 2016 alone, Farkas’ led C-III through the acquisition of Resource America and the purchasing of two major Class A office buildings in South Florida.

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