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Canadian real estate services firm REstack Advisors Inc. has expanded into the U.S. by merging with Point Advisors, a company with presence in both New York and Los Angeles.
REstack was established in 2020 by CEO Paul Kevener and co-founder Anthony Paes-Braga, who combine for over 40 years of experience in the industry.
They offer a real estate investment platform and suite of services to private equity and institutional real estate managers including financial, management and technology.
The financial services component focuses on back and mid-office functions such as fund administration, fund accounting and property accounting. Its managed services feature a proprietary, pre-configured Yardi environment and Yardi Support services.
Additionally, REstack advises and supports technology implementations for some of Canada's largest managers.
"We are extremely excited to expand our real estate investment managed service platform to the U.S. market and merge with Point Advisers ultimately focused on driving value in operations, process and the technology of our clients,” Paul Kevener, CEO of REstack, said in the announcement.
“The expanded REstack platform allows us to continue to improve the quality of services we provide in the marketplace as well as provide a new foundation to better expand our services to our clients' specific needs today and in the future."
Point Advisors
Point Advisers was founded by industry veteran Scott Morey and also includes industry veteran Robert Leiberman.
Morey held previous executive positions at WeWork, Altus Group, One11 Advisors, General Growth Properties, Alvarez & Marsal, Equity Office Properties and Ernst & Young. Point Advisers has provided advisory services to real estate owners, operators, occupiers and investors in areas including operating strategies, processes, technology and people services.
"We are excited to offer our clients a range of new real estate products and services that ultimately drive investor and shareholder value,” Morey said in the announcement. “As we continue to be the trusted advisor to our clients and the broader market with the goal of always delivering outstanding service. We are grateful to have the opportunity to work with and under the REstack brand in this exciting time."
Financial and other terms of the merger have not been released.
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