IRVING, TX, November 15, 2011— C-III Capital Partners LLC (C-III) announced today that it has acquired two affiliated multifamily property management businesses – U.S. Residential Group (USRG), based in Carrollton, Texas, and Pacific West Management (PWM), based in Irvine, CA. Together, USRG and PWM currently manage approximately 24,000 multifamily units located in 12 states. In connection with the acquisitions, the operations of USRG and PWM have been combined and will operate as a subsidiary of C-III under the U.S. Residential Group name, and the company will continue to operate under the leadership of its current management team headed by Alan R. Fenstermacher.
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