SOURCE: EasyRent Group

EasyRent Group

September 25, 2015 11:00 ET

Vancouver Property Management EasyRent Group Acquires VLR Management Ltd.

Acquisition of VLR Positions EasyRent Group as the Largest Provider of Premium Rental Property Management in Vancouver

VANCOUVER, BC--(Marketwired - September 25, 2015) - EasyRent Real Estate Services today announced that it has acquired a 100 per cent stake of VLR Management Ltd. (Vancouver Luxury Rentals & Vancouver Luxury Realty), the leading BC-based provider of luxury and premium property management services. With this acquisition, EasyRent becomes the largest provider of property management services in Vancouver, and one of the largest in Western Canada.

"We're thrilled to be welcoming VLR and its employees, partners and stakeholders to the EasyRent family," said Shahram Rafati, CEO of EasyRent Group. "VLR is a trusted brand in ultra premium and luxury property rentals and sales in Vancouver; it has created a formula that shows a mastery in providing premium property management services for the booming high-end residential market."

With the completion of this acquisition, VLR will continue to operate under its established branding, with the support of EasyRent management and its team to continue to grow the service offerings to Vancouver's high-end marketplace. VLR will continue to assist all trans-Canada clients, landlords and tenants by providing top-tier real estate services, including both property management for rentals and high-end property sales.

"This acquisition will not only allow us to work with great professionals who are committed to continually growing and enhancing both brands, but also providing the very best services to VLR and EasyRent's established customers. Together these companies are stronger and represent the broad spectrum of rental properties Vancouver has to offer. EasyRent will continue to look for strong acquisition opportunities nationally."

For more information about EasyRent and Vancouver Luxury Realty, visit www.easyrent.ca or www.vancouverluxuryrentals.com and www.vancouverluxuryrealty.com.

About EasyRent Group

Founded in 2004, EasyRent Group was created to remove the challenges homeowners face managing their rental properties. EasyRent has established itself as one of Vancouver's fastest growing property management groups, and with the inclusion of VLR Management Ltd., services properties across Vancouver and the Lower Mainland.

Visit www.easyrent.ca or join the conversation on Twitter or Facebook.

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