Pinnacle Enters New York City Market

DALLAS, TX--(Marketwired - July 11, 2016) - Pinnacle, one of the nation's leading multifamily management firms, announces its entry into the specialized New York City market under the brand of Pinnacle City Living. By pairing its best-in-class national infrastructure with experienced local operators, the company has the ability to increase property revenues, reduce expenses and enhance asset value for multifamily owners in the City. Pinnacle City Living provides a full scope of services focused in and around the five boroughs from an office located at 230 Park Avenue.

"New York City has been one of Pinnacle's strategic targets for quite some time," said President and CEO Rick Graf. "Many of our clients with real estate holdings in the City have expressed an interest in partnering with a quality firm that understands the unique requirements of this key market. Pinnacle City Living allows us to deliver that desired product."

Pinnacle City Living clients will have access to the same institutional level accounting, reporting, compliance, risk management, procurement, training, human resources and technology services that currently support Pinnacle's widespread portfolio of approximately 147,000 units. These national resources will be complemented by a local operations team and regional marketing director who have extensive New York City multifamily experience and strong track records.

"Pinnacle believes the company's expanded platform has the potential to make a major impact in New York City" said Graf. "We couldn't be more excited to introduce our caliber of service to owners in the market."

About Pinnacle Property Management Services, LLC

Pinnacle Property Management Services, LLC, ("Pinnacle") is a privately held national real estate provider specializing in third party management of multifamily residential communities. As one of the nation's preferred third-party managers, Pinnacle's portfolio includes approximately 147,000 residential units and 2.1 million square feet of commercial assets. With the Corporate headquarters located in Dallas, Texas, Pinnacle has over 3,500 employees located in 26 states. For more information, visit www.pinnacleliving.com.

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