LOS ANGELES, CA - Psomas, one of the top-ranked engineering firms in the Western United States, has announced the launch of Micropolitan, a new subsidiary that will own and operate a diversified portfolio of apartment properties appealing to today’s walkable urban lifestyle.
“Our innovative approach to the apartment business is what sets Micropolitan apart from the competition,” says Jacob Lipa, Micropolitan CEO and president of Psomas. “We will be known for delivering The Micropolitan Touch—buildings that maintain an unwavering commitment to quality through innovation, sustainability, attention to detail, and professionalism. Providing value and quality to our customers will lead to attractive and consistent returns to our partners.”
A multi-family market-rate builder and property management company, Micropolitan will own and operate properties in the 30- to 80-unit range in Southern California’s strongest urban markets. The company’s focus is on purchasing and developing buildings in walking distance to employment centers and in transit-oriented locations to encourage the use of public transportation.
Larry Kruger, Micropolitan’s president, brings over 30 years of real estate development experience in both the multi-family and single-family industries. He will be responsible for day-to-day operations of the company, including acquisitions, financing and management.
As Micropolitan’s CEO, Lipa will be responsible for the direction of the company, ensuring that its culture, client service, public service and commitment to sustainability line up with Psomas’ strong tradition of excellence in these areas.
Learn more at www.micropolitanco.com
About Psomas
Dedicated to balancing the natural and built environment, Psomas is one of the top-ranked consulting engineering firms in the nation. The firm serves public and private-sector clients in the transportation, water, site development, federal and energy markets. Psomas’ over 400 employees provide services across the Western United States in planning, surveying, engineering design, construction management, and environmental consulting. Psomas has offices throughout California, in Arizona, and Utah. For more information, visit www.psomas.com.