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Mynd Property Management manages single-family home rental properties like this one in the Cypress area of northwest Houston on behalf of investors.
Mynd Property Management manages single-family home rental properties like this one in the Cypress area of northwest Houston on behalf of investors.
Photo: Mynd Property Management
Mynd Property Management manages single-family home rental properties like this one in the Cypress area of northwest Houston on behalf of investors.
Mynd Property Management manages single-family home rental properties like this one in the Cypress area of northwest Houston on behalf of investors.
Photo: Mynd Property Management
Mynd Property Management expanded its presence in Texas by acquiring Houston-based Empire Industries, a property management company that manages more than 800 single-family homes in the Houston and Dallas-Fort Worth markets. With this acquisition, the company, based in Oakland, California, manages more than 9,000 devices in 16 markets.
The agreement adds 763 homes in the Houston area and 63 homes in Dallas Fort Worth Mayor to Mynd's assets under management.
Pete Neubig Empire CEO will be Mynd's Texas Regional Director and Steve Rozenberg will serve as Vice President of Investor Education.
Related: Slow rent in single-family homes in Houston
Doug Brien, CEO of Mynd, said, “We are happy to welcome the Empire and our leadership team to Mynd. “For the past two years, Mynd has joined forces with like-minded real estate management companies whose mission and goals are consistent with us. Mynd's goal is to increase its managed asset portfolio to 100,000, and Texas will be an important part of this growth. ”
Mynd managed about 70 single-family home rentals obtained through a merger with RentVest in May in Houston before the Empire acquisition. In addition to real estate management, Mynd also sells residential rental properties in 20 metropolitan areas.
Empire retains its name for up to one quarter before switching to Mynd Property Management.