NEW YORK CITY—The Halstead Management Co. has made an assetpurchase of Lawrence Properties, a full-service residentialmanagement firm, GlobeSt.com has learned. The firm will now operateas Halstead Lawrence Management and will be under the direction ofMartha Goupit, managing director/EVP. Financial details of the dealwere not disclosed.

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With this announcement, the Lawrence division is responsible forthe management of 30 buildings representing a total of 3,500 units.Employees of the group will continue to be based out of LawrenceProperties' office at 150 West 30th St.

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“We are absolutely thrilled to welcome the Lawrence teamto the Halstead family,” says Paul Gottsegen, president of HalsteadManagement. “With their experienced staff, similar corporatephilosophies and prestigious portfolio of buildings, it was theideal fit for both firms.

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“Together,” he continues, “we provide individualized managementwith a state-of-the-art, centralized back office support system. Weare confident that, as a result of this strategic union, eachbuilding will now have unparalleled access to the depth, expertiseand contacts of the top real estate firm in New York.”

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.