DENVER-Bryan Stern and Drake Powell, formerly of Baron Property Services, have formed a new multifamily property management firm called Echelon Property Group. The new company opens its doors with 20 properties totaling 3,500 units in Colorado’s Front Range already under management.

Echelon focuses exclusively on third-party management for owners in Colorado, banking on the company’s expertise in the local market as a competitive advantage. “We believe being here in Denver and understanding the Colorado market is a valuable differentiator to local individual owners, ownership groups and lenders with underperforming multifamily communities,” Stern says.

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