Halstead Management Company announced the asset purchase of Gerard J. Picaso Inc., a property management company based in New York City.
Jerry Picaso, currently president of the eponymous firm, will join Halstead Management Company as managing director, executive vice president.
Picaso will continue to oversee more than 40 buildings with his business partner Susan Axelbank, and all of his expert staff together with the resources of the executives and staff of Halstead Property Management.
“We are very excited to bring a team that has such a high level of property management experience to our firm. Having known Jerry for nearly 30 years, I have always admired his professionalism, knowledge and the level of caring and attention he gives to each and every building. The addition of Picaso adds to the strength of Halstead Management and maintains our position as a leader in the industry,” said Paul Gottsegen, president of Halstead Management Company.
“As a small hands-on company, we now can offer our clients the wide range of professional services and innovative technology that Halstead Management Company is known for,” said Jerry Picaso.
“We are excited for this next chapter in our business.”
Since the firm’s founding more than 30 years ago, there is no other firm that matches Halstead’s experience in managing New York luxury cooperatives and condominiums, or the depth of the firm’s management organization. The Halstead Management Company provides unparalleled service to its residents, state-of-the-art management systems and maintains and enhances the value of the buildings.
Halstead Management Company manages over 22,000 units in the New York City area.