Nashville Business Journal
Jan 16, 2014
Elmington Property Management, a subsidiary of Nashville's Elmington Capital Group, announced Thursday that it has acquired Mt. Juliet-based Lighthouse Property Management Group.
The combined companies will now manage apartments, commercial, retail, and office properties throughout the Southeast, according to a news release. Terms of the deal were not disclosed.
"This merger is very exciting for both companies," said Dan Ford, president of Elmington Property Management, a privately owned commercial real estate and development firm. "By combining the strengths and experience of these two companies we each gain resources and efficiencies that we didn't have before.
"Together we are poised to provide our clients with a property management solution that is very unique in the marketplace."
Ford will be president of the combined business, which will remain known as Elmington Property Management, according to the news release. Brad Cather will move from president of Lighthouse to a new role as director of affordable housing management.
"The level of similarity, synergy and corporate philosophy between not only the two companies, but the principals is nothing less than astounding," Cather said in the news release. "I look forward to combining the history of Lighthouse Management with the dynamic growth of Elmington Property Management."
As a combined company, Elmington Property Management manages more than 6,000 apartment units and 1 million square feet of office, retail and industrial properties in eight states. The combined company has 175 employees.
Matt Batcheldor covers commercial real estate and regional economic development.