Westward Property Management and TriView Property Management have merged their real estate management services. The new company, called Westward360, focuses largely on community associations and multifamily buildings with roughly 600 buildings comprising approximately 25,000 units under contract. Westward360 has about 200 employees total following the merger.
The new board of directors and leadership team will consist of seven partners: TriView’s Brent Straitiff will be CEO, Nathan Brown will be chief investment officer and Brawley Reishman will be CTO. Westward’s David Westveer will take on the CFO role, Ian Duni will be chief sales officer, Travis Taylor will be COO and Patrick Gill will serve as CMO.
The decision to merge was to, “make complementary offerings available to a larger audience and allow deeper market penetration,” said Straitiff. “Scale allows us to invest in infrastructure to provide a better customer experience at a better value, and to build out new service offerings our clients will appreciate.”
Westward, which began operating in 2005, manages more than 400 community associations, and prides itself on providing a better customer experience to Chicagoans by investing in quality personnel and state-of-the-art technology and business process. It offers full or a la carte services including property management, accounting services, property maintenance, construction oversight and 24-hour support.
“There’s an exciting opportunity to build on the full ecosystem of services we’ll now be able to offer. That will make it easier for the consumer to manage what is typically their largest asset—their home or real estate investment,” said, Westveer. “Until now, customers would have to rely on various resources to care for and manage their home or investment. Now they can work with one team who knows their property and can provide everything from day-to-day management to brokerage services and maintenance.”
Also founded in 2005, TriView invests in innovation and open communication to find better ways to serve homeowners’ associations, landlords, renters and buyers. It manages more than 200 properties including condominium associations, townhome associations and investment properties consisting of single-unit condos, 2-4 unit buildings and residential apartment buildings (up to 200 units).
“We’re confident in the team we’ve assembled and the investments we’ve made,” said, Straitiff. “This is part of a larger growth strategy of acquiring companies that fit our model and culture. We expect to announce more transactions in the near future.”