Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

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Servicing / The Ticker

Carrington acquires single-family assets

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Carrington Property Services will assume national property management responsibilities on existing and newly single-family rental assets, which the company acquired from Gorelick Brothers Capital

Carrington will be managing Gorelick's existing rental portfolio located primarily in seven major urban centers, according to a press release.

"Our partnership presents a win/win as it marries Carrington's operational expertise with Gorelick's reputation as a leading investment advisor for the housing industry. I'm confident that teaming up with them will result in a positive impact for both of our companies," said Carrington Property Services executive vice president Renee Deane.

Source: Market Watch
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