/

|

New York City-based software provider Alfred and its property management firm, Charlotte-based RKW Residential, are merging with Quarterra Living, the apartment operational arm of Irving, Texas-based developer Quarterra Multifamily, according to a Thursday press release shared with Multifamily Dive.

Quarterra is providing roughly 30,000 units to the venture. The new combined platform will operate approximately 52,000 residences, representing over $20 billion of assets, which would have placed it at No. 35 on the most recent National Multifamily Housing Council’s Top 50 managers list.