CALABASAS, February 1, 2011 – Cirrus Asset Management, Inc. announces the award of four recent property management contracts on behalf of Pacific Bay Investments in San Francisco CA. The Hawaii based portfolio consists of four multi-family assets on three islands including the cities of Hilo on the 'big island' of Hawaii, Napili on the north west side of Maui, and two on Oahu including one in Kalihi and one in Waikiki. Cirrus will provide extensive repositioning and ongoing management services for these older assets that are being renovated on behalf of Pacific Bay Investments.
The Cirrus Story- Cirrus is a California based property management company whom has focused on the Hawaii marketplace while excluded from managing assets in the contiguous 49 states during a non-compete period after its' principal (Steve Heimler) sold his prior company (Stratus Real Estate, Inc.) to the owners of Riverstone Residential Group in the Spring of 2007. Cirrus currently manages over 2,500 units in Hawaii to compliment its 1500 unit and growing portfolio in California and Arizona. Cirrus also provides Asset Management services for nearly 4,000 units of Low Income Housing Tax Credit assets in California for several portfolio owners.
Cirrus' vision is to be the most trusted, respected, and innovative company in the rental housing industry.
Cirrus is already well known for being on the cutting edge of technology for the rental housing industry and
has a seat on the technology committee for Henderson Global Investors; one of its' institutional partners.
After leading Stratus Real Estate's growth from 3,000 units in 1999 to 23,000 in 2007, Mr. Heimler appears
to know what it takes to out perform the competition at managing multi-family assets.