Sentral acquires Align Residential to expand its US network
As a result, Sentral now has 40 communities and its network has grown to 15 US cities. In total, the company manages over 10,000 apartments with a combined value of $5 billion.
Roman Speron, the former CEO of Align Residential, will join Sentral in the role of Director of Development and will be responsible for overseeing commercial development, design and construction, hospitality services and the joint venture. [JV] partnerships.
Align Residential aims to design, develop and manage premier residential assets offering year-round vacation-style living through selected services and amenities. Its communities offer arts events, private parks, members’ clubs, theaters, restaurants and bars, gyms, wellness spas, resort-style pools, and concierge services.
Sentral CEO Jon Slavet said, “Sentral is redefining property management while we are also redefining the home for the modern tenant. By incorporating 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,” he added.
The announcement follows a similar announcement colocation partnership with Airbnb, which was revealed last July, allowing residents of certain US states to host their apartments exclusively on Airbnb. While Airbnb offers guest screening, Aircover for hosts, and a host protection program, Sentral provides access to on-demand scheduled services, such as cleaning, maintenance, and lock access control. intelligent, as well as assistance to residents in the management of their announcement, rates, availability and photography.
Sentral has also entered into notable definitive development agreements with OliverBuchananGroup and PMG for projects in Denver, San Diego, Phoenix, Dallas, Austin, Nashville and Miami over the past 12 months.
Speron said, “Sentral has left its mark on the industry by offering flexible life services and maximize untapped revenue opportunities, while achieving elite levels of resident and guest satisfaction. Incorporating Align’s insight into creating urban residential communities with the comfort and convenience of a five-star hotel will solidify Sentral’s position as the leading full-service management platform, regardless of location. length of stay.
Sentral has a presence in a growing number of US cities, including Atlanta, Austin, Chicago, Denver, Los Angeles, Miami, Nashville, Oakland, Philadelphia, Pittsburgh, San Francisco, San Jose, Santa Monica, Scottsdale and Seattle.
Managing over $5 billion in Class A multi-family assets, Sentral is backed by ICONIQ Capital, Highgate Hotels, Ascendant Capital Partners and the Bozzuto Group.