The Halstead Management Company announced the asset purchase of Lawrence Properties, a full-service residential management firm.
The firm will now operate as Halstead Lawrence Management and will be under the direction of Martha Goupit, managing director/executive vice president.
The employees of the Lawrence Division will continue to be based out of their office at 150 West 30th Street.
“We are absolutely thrilled to welcome the Lawrence team to the Halstead family,” Paul R. Gottsegen, president of Halstead Management.
“With their experienced staff, similar corporate philosophies and prestigious portfolio of buildings, it was the ideal fit for both firms. Together, we provide individualized management with a state-of-the-art, centralized back office support system.
“ We are confident that, as a result of this strategic union, each building will now have unparalleled access to the depth, expertise and contacts of the top real estate firm in New York.”
With this announcement, the Lawrence Division is responsible for the management of 30 buildings representing a total of 3,500 units.