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Proper Emerges as National Powerhouse with Strategic Acquisitions of Six Multifamily Operators

On Feb. 27, 2026 Proper announced two additional acquisitions, expanding to six companies across 15 states with nearly 20,000 units, backed by TriSpan.
Proper's 'Flexible Autonomy' model preserves local stewardship and aims to offer property management company owners a viable liquidity and growth option, according to the company.
Founders Brian Duggan and Alex Samoylovich say Proper combines disciplined processes with national resources to support property management owners amid industry fragmentation and operational headwinds.
The operational changes aim to improve employee and resident experience as centralized back-office support reduces administrative burdens and enhances partner companies' operational depth.
Proper is actively seeking new partners, with TriSpan's backing, to unlock equity while supporting growth and scaling ambitions, as the platform aims to expand into 15 states with nearly 20,000 units.

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Proper Emerges as National Powerhouse with Strategic Acquisitions of Six Multifamily Operators

Proper expands into 15 states with nearly 20,000 units, offering liquidity and growth for property management owners. CHICAGO, Feb. 27, 2026 /PRNewswire/ -- Proper, a national acquisitions and property management platform dedicated to consolidating property managers, announced today the successful acquisition of two additional operating companies, bringing the total to six companies under its umbrella: Novo Properties, Alexander Properties Group…

3 months ago·New York, United States

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