SANTA ANA, CA (Sept. 7, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it has established a strategic alliance with Kettler Inc., one of the Mid-Atlantic’s largest real estate and property management firms, to provide residential property management services nationwide.
“We are excited to expand our best-in-class property management services to include the multifamily residential space,” said Jack Van Berkel (lower left photo), executive vice president and chief operating officer of Grubb & Ellis and president, Real Estate Services.
“Many of our clients have told us that they are looking for a service provider that can provide solutions across all asset types and throughout the lifecycle of their ownership.
"Kettler’s residential property management capabilities combined with Grubb & Ellis’ comprehensive real estate services platform will enable us to lease, manage and dispose of all asset classes on behalf of our clients.”
“We are thrilled that this relationship with Grubb & Ellis will allow for Kettler to enter new markets and to provide residential management services on a national level,” said Cindy Clare (top right photo), president of Kettler Management Inc. “We are confident that it will prove to be beneficial to both firms.”
The alliance, which will operate as Grubb & Ellis Kettler Residential Management, will benefit clients by allowing the firms to work together seamlessly when a property owner requires both residential and commercial property management services.
In these situations, Grubb & Ellis will coordinate marketing efforts, streamline suppliers and interconnect technology systems, and in markets where Kettler currently does not have a presence, the alliance will provide Kettler an opportunity to expand its residential management portfolio.
Contacts:
Janice McDillPhone: 312.696.6707Email: janice.mcdill@grubb-ellis.com
Karen Kossow703.226.6040 kkossow@kettler.com
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