Grace Hill Acquires CRE Employee-Training Competitors
Now combined with Edge2Learn and Ellis Partners in Management Solutions, company offers more than 600 online courses for multifamily.
Multifamily and commercial real estate training platform Grace Hill expanded its range of courses and services today by acquiring Edge2Learn, an e-learning company providing training and policy management solutions in the multifamily industry, and Ellis Partners in Management Solutions, a provider of mystery shopping and resident and employee survey solutions.
Financial terms of the transaction were not disclosed.
Edge2Learn and Ellis provide e-learning as well as policy, survey, mystery shopping and data-driven insights to help property owners and operators retain top talent and improve property operating and financial performance.
The companies have established a deep stable of industry leading content with more than 600 online training courses that serve multifamily rental communities, including conventional, affordable, student and senior markets.
Together, the combined company provides a next-generation employee and property intelligence platform that helps to maximize employees’ potential and a company’s bottom line.
Creating a ‘Clear Leader’
“By bringing our resources together, we will create a clear leader in the industry, enabling us to further deliver on our mission to improve employee performance and development,” Grace Hill CEO, Kendall Pretzer, said in prepared remarks.
Francis Chow, co-founder and chief strategy officer of Edge2Learn and Ellis said in prepared remarks, “This combination will allow us to leverage the best of both companies.”
Massumi + Consoli LLP and Gibson Dunn & Crutcher LLP served as legal advisors to Grace Hill.