Arcis Investments, Inc. and Kennedy Investments, Inc. are pleased to announce a strategic collaboration to combine their expertise and resources to provide exceptional property management services. This collaboration will create Kennedy Arcis Property Services, a new company which will offer a full range of property management services.
Arcis Investments and Kennedy Investments are both Tampa based boutique real estate investment companies, each with strong track records of successful private equity real estate transactions.
Arcis Investments was formed in 2003 by Bruce Burdge and Kristen Kennedy Showalter to provide their private equity investors with real estate investment opportunities throughout the southeast.
Kennedy Investments, Inc. is a boutique commercial real estate investment company owned by Jay Kennedy. Jay took over his father’s company in 2011 and has since launched several commercial real investments funds with assets valued at more than $150 million.
By combining both Arcis and Kennedy Investment’s extensive experience and strengths, the two companies will now offer their investors with a broader level of expertise, and an ability to enhance the investments performance through a collaborative approach to the property management process.
“We are excited to join forces with Kennedy Investments, Inc. to create Kennedy Arcis Property Services,” said Bruce D. Burdge, Co-Founder of Arcis Investments, Inc. “This collaboration will allow us to leverage our collective expertise and experience to provide a superior level of service to our investors.”
Kristen Kennedy Showalter, Co-Founder of Arcis Investments, Inc., also mentioned that “Our goal is to continue our proven track record of successful investments alongside Kennedy Investments and capitalize on our various strengths.”
Kennedy Arcis Property Services will provide a wide range of property management and maintenance services. The company will utilize the latest technologies and industry best practices to ensure that properties are managed efficiently and effectively.
Jay Kennedy, President of Kennedy Investments, Inc., and the newly elected President of Kennedy Arcis Property Services, said “Collaborating with Arcis Investments will give both companies an edge in an increasingly competitive marketplace, which will positively impact our ability to continue generating exceptional returns for our investors.”
Kennedy Arcis Property Services will begin operations July 1st and will be headquartered in Tampa.
1. Why this collaboration?
1. Merging back office, accounting and property management makes sense financially, and adding on the family connection with Jay being my business partner’s brother seems to make even more sense.
2. Both companies have a similar management style with the same entrepreneurial spirit. Both are small boutique firms, and the culture is very similar.
3. But we are in different stages of our corporate cycle — Arcis is very stable while Kennedy Investments is in growth mode.
2. What are the benefits?
1. Better service for our Investors
2. Improved efficiency in operations
3. By combining resources and expertise, we will be able to do back-office services more efficiently and effectively.
4. We are both able to access broader expertise and knowledge.
5. This will create more depth in each of our Teams.
6. This creates a synergy.
7. By sharing resources and collaborating on projects, our Team members can gain new perspectives and insights which can inform their decision-making processes.
3. What are the goals?
1. To continue to achieve excellent returns for our Investors by utilizing best-in-class technology, and by levering our combined experience and resources.
2. Our goal is to streamline operations so our Teams can focus more on strategic activities and growth.
3. Although the Investment and the Asset Management sides of the businesses will still be separate, we will collaborate together, and be able to draw upon each other’s experiences and expertise.
4. What will be the headcount of the combined company?
1. 27 employees (16 from Kennedy Investments, 11 for Arcis) with plans for more as the overall portfolio grows.