PURE Property Administration Acquires Charleston-based New Heights Property Administration

<legend position=”h2″><span>New Heights’ Eric</span>Wetherington<span>, 2019 President of the Nationwide Affiliation of Residential Property Managers (</span>NARPM<span>), Joins PURE’s Government Workforce as VP Strategic Initiatives</span></legend>

CHARLESTON, S.C., March 1, 2022 /PRNewswire/ — New Heights Property Administration introduced right now its acquisition by Silicon Valley-based PURE Property Administration, the quickest rising worthwhile residential property administration and know-how firm within the U.S. Eric Wetherington, New Heights Property Administration’s Dealer, joins PURE’s govt group as Vice President Strategic Initiatives.

Eric Wetherington, Vice President Strategic Initiatives, PURE Property Administration

A serial entrepreneur and enterprise govt, Wetherington is a widely known business chief, not too long ago serving as 2019 Nationwide President to the over 6,000 member Nationwide Affiliation of Residential Property Managers (NARPM).

“The property administration business is evolving with consolidation,” mentioned Wetherington. “The turbulence inside the true property market, regulatory compliance, and shifting shopper demand is difficult for small, impartial operators. By ‘banding collectively and constructing collectively’ with PURE, New Heights stays dynamic and in a position to resolve many extra of the issues that frustrate smaller regional third-party operators.”

Shannon Daugherty, Operations Supervisor at New Heights Property Administration assumes day-to-day management obligations. “I’m thrilled to affix PURE and add our expertise and market data to their property administration expertise, now over 1,000 years mixed,” remarked Daugherty. “I joined New Heights after 14 years in multi-family. Eric’s business management and mentorship has ready my group and me to develop and ship the skilled property administration companies our purchasers and residents demand.”

With a imaginative and prescient to make the method of renting a house a easy and satisfying expertise for all, PURE launched in October 2020 specializing in consolidating independently owned property administration corporations operated by seasoned business leaders and supporting them with proprietary property administration know-how and processes designed by business specialists. PURE not too long ago introduced that it raised $50 million in fairness financing from Degree Fairness, which values the enterprise at over $300 million. PURE’s “from the business, for the business” mantra resonates with the homeowners of profitable property administration corporations on the lookout for the operational effectivity derived from the know-how and scale that PURE gives.

Eric Wetherington is a widely known and revered business chief. His expertise in educating property managers nationwide on finest practices in working worthwhile operations will contribute significantly to PURE’s mission,” mentioned Mike Catalano, Co-founder and Common Accomplice of PURE. “With a concentrate on driving new and enhanced tech-enabled companies to our owner-investor purchasers and residents, we’re thrilled to have him on our govt group as we develop in South Carolina and throughout the U.S.”

New Heights Property Administration continues to function beneath its established model, now a PURE Property Administration Firm. New Heights is the one Licensed Residential Administration Firm (CRMC®) in South Carolina, a designation thought of to be the business’s premier credential.

About PURE Property Administration
PURE Property Administration is the quickest rising worthwhile residential property administration and know-how firm within the U.S. Led by a group of skilled business professionals and seasoned know-how innovators, PURE acquires single-family residential property administration corporations and invests of their individuals and processes. By deploying know-how and offering operational efficiencies, PURE enhances resident and investor experiences. Homeowners of impartial third-party property managers excited by becoming a member of PURE can attain Eric Wetherington, Vice President Strategic Initiatives at https://purepm.co/be part of

Shannon Daugherty, Operations Manager, New Heights Property Management, a PURE Property Management Company

Shannon Daugherty, Operations Supervisor, New Heights Property Administration, a PURE Property Administration Firm

(PRNewsfoto/PURE Property Management)

(PRNewsfoto/PURE Property Administration)

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SOURCE PURE Property Administration