Merion Residential is a full-service multifamily property management company that was established in 2009. From its inception, Merion Residential (or affiliates thereof) would quickly grow to manage approximately 39 communities consisting of 10,700 units in nine states by January 2013. The portfolio consisted of Merion sponsored assets, multifamily assets owned and controlled by CMS and select third party management contracts. Due to realizations, the number of assets under management has fallen from its high point in 2013. As of January 2016, Merion Residential manages approximately 18 communities consisting of 5,151 units in 11 states. Merion strongly believes that one of the keys to a successful real estate investment program is an affiliation with a management team.
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