PROVO, Utah – PEG Companies [“PEG”], a leading commercial real estate development, investment, and asset/property management group, this month formalized the rebranding of its multifamily and commercial property management division. Effective June 1, 2020, the entity formally known as ‘Vertex Property Services’ [VPS] rebranded under the new name of ‘PEG Property Group’ [PPG].
“This rebrand represents the latest of several steps we’ve taken to vertically align PEG Companies since rolling up the organization at the beginning of this year,” said Rob Fetzer, Chief Operating Officer at PEG. “Operating under one umbrella company will allow PEG to have greater process control, improved continuity, better service to our investors, and increased dedication to PEG’s brand integrity.”
PPG currently manages 1,655 multifamily units and 575,000 square feet of commercial space across multiple states, with several additional properties in its rapidly expanding pipeline. In addition to its recent corporate rebrand, PPG is in the process of carefully evaluating each of its 19 operating assets to further sharpen strategies around operations, marketing, and execution of investment plans.
“PEG Property Group’s mandate and focus is to execute each asset’s investment plan, maximize value, and deliver the expected investor return while maintaining high standards of resident satisfaction,” affirmed Debra Spohn, PPG Division President.
“We are well-positioned to give every asset the attention it deserves and will continually raise the bar for years to come,” said Justin Brewer, VP of Commercial Property Management at PPG. “We know that we will accomplish much more collectively than we could have accomplished separately and are excited about joining the PEG Companies family.”
“With an emphasis on leveraging top-tier talent, cutting-edge technologies, data-driven solutions, and a deep understanding of the economic forces currently impacting markets, PPG is now poised to operate at the highest level. We are confident in our strategy and look forward to continuing to earn the respect of our tenants, investors, and the communities with which we partner,” Fetzer said.