SENTRAL ACQUIRES ALIGN RESIDENTIAL, MORE THAN DOUBLING MANAGEMENT’S FOOTPRINT IN THE US
Combined company will provide best-in-class multi-family and hotel management platform
SAN FRANCISCO, January 30, 2023 /PRNewswire/ — sentralleader in full-service management of any length of stay, announces today the acquisition of Align Residential, the dynamic national management firm specializing in innovative residential experiences. The acquisition brings the number of Sentral communities to 40 and the company’s network to 15 US cities. Sentral now manages over 10,000 apartments with a combined value of $5 billion.
Align Residential designs, develops and manages premier residential assets offering year-round vacation-style living through curated services and amenities. Align communities offer arts events, private parks, members clubs, theaters, restaurants and bars, gyms, wellness spas, resort-style pools, and concierge services.
Romain Speron, formerly chief executive of Align Residential, will join Sentral as chief development officer. In his new role, Mr. Speron will oversee business development, design and construction, hospitality services and JV partnerships.
“Sentral is redefining property management while we are also redefining the home for the modern tenant,” said Jon Slavet, CEO of Sentral. “By integrating the best practices of multi-family and hotel operations, our company maximizes NOI and reputation for Class A owners. We are now taking our operations and hospitality services to the next level with the integration of the Align team Roman and Align have a proven national track record of delivering exceptional experiences and market-leading rents.”
Sentral’s acquisition of Align comes after significant partnership announcements for the company. In 2022, Sentral entered into a colocation platform agreement with Airbnb to allow its residents to earn while traveling. Sentral has also entered into major development agreements with OliverBuchananGroup (targeting projects in denver, San Diego, Phoenix, dallas, Austin and Nashville) and PMG (development of a flexible living community in miami Brickell district).
“Sentral has made its mark in the industry by providing flexible living services and maximizing untapped revenue opportunities, while achieving elite levels of resident and guest satisfaction,” said Mr. Speron. “Incorporating Align’s insight into creating urban residential communities that offer the comfort and convenience of a five-star hotel will solidify Sentral’s position as the leading full-service management platform, regardless of the duration of the stay; duration of stay.
Following the Align acquisition, Sentral Communities are available in the following vibrant US cities: Atlanta, Austin, Chicago, denver, Los Angeles, miami, Nashville, Oakland, philadelphia cream, Pittsburgh, San Francisco, San Jose, santa monica, Scottsdaleand Seattle.
For more information on partnering with Sentral, visit www.sentral.com.
sentral is the leading full-service management company offering any length of stay, enabling Class A owners to unlock additional profits while enhancing their reputation and maintaining control of their assets. The company is redefining home for the modern renter by transforming upscale multi-family properties into vibrant communities in the nation’s most coveted cities. sentral offers authentic local experiences, premium amenities, community connection for residents and guests, and a technology platform that maximizes operating revenue for owners. The company manages more $5 billion in multi-family Class A assets, and is backed by world-class technology, hospitality and real estate companies, including ICONIQ Capital, high door Hotels, Ascendant Capital Partners and Bozzuto Band. www.sentral.com @SentralLife