TORONTO—Pinnacle, a Texas-based multifamily management firm has formed a Canadian property management division, Rhapsody Property Management Services. The new company is a joint venture between PPMS Holding Corp., a Pinnacle company, and a leading Canadian real estate investor.
Headquartered in Toronto, Rhapsody will be operational throughout Canada with a focus in Toronto, Calgary, Edmonton, Vancouver and Ottawa. The company is currently engaged to provide services on 10 new projects, the first of which is The Metropolitan, a 430-unit luxury lease-up in downtown Calgary with preleasing starting this summer.
Rob Martin will be at the helm of the new entity as senior vice president, bringing a unique blend of U.S. and Canadian multifamily management experience. He explains that the Canadian rental market has historically had a high concentration of condominium sales or rental product that is self-managed by REITS or smaller to mid-size firms. Rhapsody was formed to address the need for sophisticated third party management in Canada and will provide another level of service previously unseen in the market.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
