Healy Property Management, part of The Rogers Healy Companies portfolio, has been acquired by Century 21 Judge Fite Property Management.
The latest acquisition follows recent news that Rogers Healy and Associates had merged with New York-based Compass.
According to The Dallas Morning News, Jim Fite, CEO of Century 21 Judge Fite Company, said Healy raised the idea about a year ago.
Healy Property Management managed a total of 134 units, mostly in North Dallas and Uptown, while Century 21 JFPM now passes the 2,000-unit mark with the deal. Terms of the transaction were not disclosed.
Fite told DMN: “We’ve been working toward this 2,000-door mark for quite a while. As you can imagine, when you hit 1,000, it takes a while to get to 2,000 and then when you hit 2,000 it’s going to take a while to get to 3,000. But that’s a pretty big milestone.”
Healy wrote on Instagram: “I’ve always considered property management to be the ‘offensive line’ of real estate. Rarely do they get the praise, but without them, you’re not protected.”
He added, “This next chapter positions the company, the team, and our clients for continued growth and expanded opportunity. It felt like the right time and the right move for everyone involved. With this transition, I am officially stepping away from my leadership role in the property management industry. Nearly two decades in real estate have taught me more than I could ever put into one post. The wins were big. The lessons were bigger.”
Healy, a serial entrepreneur, said on LinkedIn after the Compass merger that he planned to remain involved in real estate but would focus on venture capital endeavors with his own Morrison Seger Venture Partners.
Don’t miss what’s next. Subscribe to Dallas Innovates.
Track Dallas-Fort Worth’s business and innovation landscape with our curated news in your inbox Tuesday-Thursday.
R E A D N E X T
-
From knowing your "why" to nailing the follow-up, the Dallas-based investor who's backed over 100 brands took to LinkedIn to share tips for making those crucial 60 seconds count.
-
Serial entrepreneur Rogers Healy said he plans to remain involved in real estate but will focus on venture capital endeavors with his own Morrison Seger Venture Partners, noting "it's game time!"
-
Lewisville-based MCS said its acquisition of Fort Worth-based MSI will reinforce its national footprint and further position the company as an industry leader prepared to handle all future market conditions.
-
Jonathan Shopay was appointed as Anterra's new president and CEO in January. He succeeded Bill Daves, who will continue to serve as chairman, providing continuity and strategic oversight.
-
With roots dating back to 1990, Capstone has partnered with more than 70 colleges and universities across the U.S., with projects spanning from student housing to mixed-use campus developments.
