SFR operator Poplar Homes has expanded its reach into the multifamily sector with its acquisition of 33 Realty's property management, maintenance and leasing divisions.

Chicago-based 33 Realty, which has 4,500 apartment units under management in four states, did not include its investment brokerage or distressed assets division in the sale. The company also leases approximately 1,500 units.

Terms of the deal were not disclosed.

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