RL Property Management Group Grows Rental Unit Business 45% with Acquisition of Core Select Group’s Property Management Division
Acquisition vaults RL Property Management Group into the top 5 of similar companies within Central Ohio
COLUMBUS, OHIO, April 14, 2020 – RL Property Management Group, a full-service property management company in Central Ohio, announces a strategic partnership with Core Select Property Group, beginning with the acquisition of their property management division.
“With today’s announcement, the number of rental units we manage grows from 310 to nearly 450,” said Peter Lohmann, Principal Broker and CEO of RL Property Management Group. “It places us amongst the top Central Ohio companies that offer third-party management of rental units.” RL Property Group manages rental units throughout Franklin County, including parts of Columbus, Gahanna, Grandview Heights and Upper Arlington.
In addition to the acquisition, RL Property Management Group and Core Select Property Group have entered into a broader strategic agreement for the exclusive referral of sales brokerage and property management opportunities, respectively. The continued relationship allows each company to focus on their core business offerings, while providing clients with a reputable partner to service their needs in each step of the rental property journey.
“We conducted a thorough review of property management companies in Central Ohio and it quickly became apparent that RL Property Management Group was the right partner for us,” said Matt Cochrell, Broker and Owner of Core Select Property Group. “Their shared company dynamic, strong leadership and sole focus on property management ensures our current and future clients will receive a high level of service.”