CRES Management Revenue and Competitors

CRES Management, LLC (“CRES”) is a full service multifamily investment and property management company. Founded in 1995, CRES has more than 20 years of experience successfully executing value-add business plans and providing excellent services to its investors, owners and residents.   Beginning with 780 units under management for third-party owners, CRES grew to more than 7,100 units under management with all but 222 owned by an affiliate of CRES. CRES and its investment affiliate, JTL Real Estate Partners, have raised sponsor capital and have successfully sourced investment opportunities throughout the country. With the extraordinary seller’s market from 2012 to 2014, CRES sold 5,700 units taking advantage of historically low interest and capitalization rates. Today, CRES has 1,931 units under management, of which 1,141 are owned by an affiliate of CRES.   CRES is currently owned by Jim and Teresa Lippert, John Stephenson, and Whitney Greaves and continues to focus on value-add business plans for multifamily investments.