Portico & Crossbeam Launch Multifamily Joint Venture

In Houston, Portico Property Management, a property management firm headquartered in Houston, and Crossbeam Capital, a multifamily real estate investment firm with offices in Houston, Denver and Dallas, have launched a joint venture that is set to include more than 6,200 multifamily units across six states.

Additionally, the companies will merge back-end operations and support services that will create ease of use for investors and clients, the firms said when the deal was released. The property management portion of the joint venture will operate under the Portico brand in the company’s Dallas and Houston offices.

The units are located in Texas, Colorado, Illinois, North Carolina, Pennsylvania and Washington D.C.