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Announced

Completed

Cushman & Wakefield completed the acquisition of Pinnacle Property Management Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

United States

Real Estate Holding and Development

Private

property management

Acquisition

Single Bidder

Majority

Friendly

Synopsis

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Cushman & Wakefield, a global real estate services firm, completed the acquisition of Pinnacle Property Management Services, the third-largest multifamily property management firm in the US. Financial terms were not disclosed. "The acquisition of Pinnacle will greatly enhance our ability to provide a full complement of services to the many investors active in the multifamily space. Pinnacle is a proven industry leader with the specialized expert knowledge to help us seamlessly execute our clients' multifamily investment strategies through the entire investment life cycle," Carlo Barel di Sant'Albano, Cushman & Wakefield Chief Executive of Global Capital Markets & Investor Services.

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