The subsidiary launched with UIP's own multifamily portfolio under its belt--some 760 units--as well as an additional 540 units previously managed by the locally-based firm Hagner Management. UPI, at the time of the launch, also recruited several executives from Hagner for its new endeavor. Today the subsidiary manages approximately 1,400 units. UIP was not able to return a call to GlobeSt.com in time for publication.
Separately UIPPM has been approved as an Accredited Management Organization by IREM, the Institute of Real Estate Management, an affiliate of the National Association of Realtors.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
