Envolve Communities and Ross Management Announce Merger

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Evolve adds almost 3,000 units in the deal.

In early August, Envolve Communities LLC announced that it merged with Denver-based Ross Management.

Ross Management consists of 53 apartment communities totaling 2,920 apartment homes in Colorado and Oklahoma, while Envolve manages more than 33,000 apartments in 17 states. With the merger, Envolve can grow its presence in the Rocky Mountain region.

“We are excited to have the Ross team join the Envolve family,” said Daniel Hughes, Chairman and CEO of Envolve Communities, in a press release. “The long-standing pursuit of excellence by Ross fits nicely with the values and focus for Envolve. We think there will be synergies that benefit clients, teammates, and our shareholders — so we look forward with enthusiasm to the future.”

Ross Management, which is now known as “Ross - A Division of Envolve Communities,” will continue to be led by Executive Vice President Brooke Akins, a 20-year company veteran.

“Ross Management has been a leader in affordable housing in the Colorado and Western Region for over three decades, and to now be joining with Envolve Communities ensures this continued legacy,” Akins said in a news release.