Real Estate Weekly
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Mergers and AcquisitionsProperty Managers

Garchester Realty acquires Stillman assets

Craig Perusini and Brian Scally, principals of Garthchester Realty, have acquired the assets of Stillman Property Management, a third-generation, Westchester-based firm.

The new entity, Stillman Management Realty Corp., brings together the talents of two seasoned executive management teams with over 100 years of combined experience in property management.

Perusini and Scally will serve as co-presidents with Jeffrey Stillman and Roy Stillman serving as senior vice presidents of finance and management, respectively.

Both Garthchester Realty and Stillman Property Management have been well-respected property management companies in the New York Metro area for several decades, having managed hundreds of coops, condos, homeowners associations, rental and commercial properties.  

Stillman Management Realty Corp. will continue to manage properties in Westchester, Rockland, New York City, and southern Connecticut.

“Since our inception, Stillman Property Management has been an industry leader, providing top-notch, hands-on services to our clients,” said Jeff Stillman. “As my brother Roy and I looked towards the future, we wanted to ensure that our clients and employees would continue to flourish. This acquisition will enable us to achieve our goal.”

“The two firms working together will enable us to expand and strengthen our existing services, leverage purchasing power to attain cost efficiencies for clients, employ the latest technologies, recruit and retain the best employees, and create an even stronger presence within the communities we serve,” added Perusini.

 According to Roy Stillman, “The bottom line is that we believe that all of our clients will realize additional value as a result of this union. We value the strong relationships we have with our clients and look forward to continuing to provide them with outstanding property management services for years to come.”

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