MEB Management Services & Weller Management Join Forces
A property management merger that was years in the making was finally announced this week, and the resulting entity emerges as one of the premier players in the U.S. property management arena.
Phoenix-based MEB Management Services and Florida-based Weller Management apparently joined forces officially in 2023 with the understanding that a merged entity would give the company a significant presence in both the Southeast and the Southwest together with some multifamily operations in the Mid-Atlantic and Northeast.
Today, a year later, the two companies have officially announced their 2023 merger which created Bryten Real Estate Partners with headquarters in Phoenix and three regional offices in St. Petersburg, Tucson, and Littleton, Colorado.
The Bryten Real Estate Partners Merger By The Numbers
According to the official press release, MEB Management Services prior to the transaction “employed 700 staff members and managed over 27,000 units throughout the Southwest. Of that total, more than 4,200 units are new developments that will open by mid-2024. There are an additional 5,000 plus new development units under contract for mid-2024 and into 2025.”
As for Weller pre-merger, the Florida-based third party property management and consulting company “employed 450 staff members and managed close to 20,000 units.”
Combining the human resources and assets under management of MEB and Weller, the merged entity is described as follows:
Together, Bryten now employs 1,150 individuals and manages nearly 47,000 units across the U.S. including Arizona, New Mexico, Tennessee, Florida, Colorado, Kentucky, Georgia, North Carolina, South Carolina, New York, and Texas.
And while the Bryten merger officially took place in 2023, it is well documented that St. Petersburg-based MEB began looking westward as far back as 2021.
Bryten Partners' Locations And Leadership
The newBryten Partners website gives a good overview of the merged entity and specifically how many properties Bryten has under management in the dozen states where the company operates. Not surprisingly, the two states with the most properties under management are Arizona (127) and Florida (55) with New York coming in a close third (54).
As mentioned, Bryten Real Estate Partners operations will be based in the former Weller Management’s backyard of Phoenix just north of Scottsdale. The three Bryten Partners regional offices are located in St. Petersburg, Tucson and Littleton, Coloardo.
As far as executives, the company says “Bryten leadership is comprised of founding members Scott Cook, Libby Ekre, Joe Emerson, and their president of operations, John Vranich. For his part, Emerson offered a glimpse into the company’s growth strategy going forward:
“Bryten plans to grow our assets under management by supporting our client’s growth objectives, diversifying our portfolio both geographically and in product type while building a team of industry experts with an unmatched level of service.”
You can learn more about Bryten Partners by visiting their official website.
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