JGRE reveals merger and acquisition interests
Competitors are interested in combining with JGRE, the firm claims.
Merger and acquisition consultants at JG Real Estate (JGRE) could be working overtime, as a number of Philadelphia-based property management firms have expressed an interest in purchasing or combining with the company.
Buying or merging with JGRE could enable a company to establish a strong foothold in the US state, allowing it to access an established staff and client base which understands relevant processes and systems in the sector.
Projections indicate that JGRE could amass a market share of more than 30 per cent within five years.
It is realising a steadily increasing number of independent contractors and agents, with its expansion being noticed by a number of competitors.
The enterprise also hosts one of the most popular property management and real estate blogs in Philadelphia.
Broker and owner of JGRE Jared Gruber said in a recent interview: "I have the ability to take my company in a few different directions."
He added: "A merger or acquisition is certainly one way to go."
Posted by Edel Quinn
Source: JGRE press release, September 11th