HOUSTON—Catalyst Property Solutions andHot Ocean, two area property management firms,have merged to form Catalyst PropertySolutions.

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Headquartered in Houston, Catalyst provides nationwide propertymanagement and receivership solutions. Post-merger, the company has6,000 single- and multifamily units under management andapproximately 250 employees across the country.

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The majority woman-owned company was founded by PaulaForshee, who will continue to serve as CEO. Forshee hasmore than 25 years of property management and entrepreneurialexperience. Alan Schnur and DaveAnderson, who founded Hot Ocean in 2009, haveowner-management experience. Schnur and Anderson will serve asprincipals in the newly merged organization.

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"Dave, Alan and I began our initial discussions, I found the chemistry between the three of us energizing; we areequally yoked in our values and in our desire to make adifference," said Forshee to GlobeSt.com. “Coming together as one company allows us tocapitalize on our combined strengths in property management, assetmanagement, acquisition, disposition, distressed and Class Aassets, multifamily, single-family, HOA, industrial and commercialproperties. We call this our ability to divide andconquer."

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In addition, Forshee, Anderson and Schnur have formedCatalyst Syndications, through which the team willinvest personal and investor capital. Anderson and Schnur willserve as co-CEOs of Catalyst Syndications.

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“Catalyst Syndications leverages the team's experience inthe acquisition, management and disposition of more than 50,000multi-family units in 45 U.S. states—from highly distressed assetsto new Class A construction—to drive value for our investors,”Anderson said.

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Of the senior executives' roles, Forshee adds: “Dave specializesin investment strategies and debt placement, while Alan is the'make it happen' expert with his 'time is money' approach toproperty identification, acquisition and disposition."

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"When I founded Catalyst, I did not want to be justanother management company; I wanted to be the best," she says."Together, we will be the best management and investmentcompany."

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