AN OFFICIAL PRESS RELEASE
June 16, 2020

PEG Companies Rebrands Property Management Division as ‘PEG Property Group’

The rebrand brings with it renewed commitment to sharpening strategies around operations, marketing, and execution of investment plans.

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.

 

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About PEG Companies:
PEG Companies [“PEG”] was founded in 2003 and is now one of the fastest-growing commercial real estate investment, development, and asset management firms in the West. PEG’s mission remains constant: create opportunities through grit, ingenuity and expertise – providing the premier real estate experience. The PEG team offers considerable experience in project design, engineering, financing, city entitlements, tax incentives, construction management, marketing, and property management and offers a strategic combination of acquisition, rehabilitation, and development capabilities. PEG owns and manages more than 5,200 hospitality keys across the U.S. and Canada, with over 2,800 multifamily housing units and additional office, retail, and industrial space across the West. The firm sponsors multiple investment products on behalf of its investors and has produced net annualized returns of over 25% for the strategies it pursues. For more information about PEG, visit www.pegcompanies.com.
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