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TAMPA — Real estate brokerage firm Smith & Associates expanded its services with the acquisition of Gulf Coast Property Management.
The acquisition will strengthen the company's in-house property management division, a statement says. It will help the brokerage firm stand out to investors, says CEO Robert Glaser in the statement. “Property management will become an integral part of our growing business as we assist owners that are expanding their portfolio and taking a larger interest in buying luxury properties in the Tampa Bay area,” he says.
Real estate veteran Elizabeth Barnes will lead Smith & Associate's division as vice president of property management, the statement says. Barnes has 11 years experience in property management and 20 years experience in real estate.
Smith & Associates had a record year in 2015 with more than $1 billion in sales volume, the statement says. The firm currently has 140 properties under management.
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