Atlas R.E. buys Black Aspen

Atlas Real Estate, a Denver-based full-service real estate company specializing in investment brokerage, property management and institutional acquisition, has acquired Black Aspen Management Corp., a property management company based in Holladay. Under terms of the transaction, Atlas assumes full management of Black Aspen single-family rental homes and apartments in the region.

David Galant has been named senior property manager, and will oversee operations in the Salt Lake City metro area.

“We are excited to enter the Salt Lake City real estate market and are looking forward to serving clients in this rapidly expanding metro area,” said Vincent Deorio, vice president of corporate development for Atlas. “Our entrance in the region comes on the heels of our announcement to form a joint venture partnership with DivcoWest to acquire and renovate single-family rentals in the Western region of the U.S.”

“In Utah and all of the regions Atlas serves, we are on a mission to ‘Uplift Humanity Through Real Estate’ by assisting first-time home buyers, providing educational resources to homeowners about saving for retirement, and building generational wealth through real estate investing.” Deorio added. “With a booming economy, strong rental market, world-renowned entertainment options and cultural experiences, as well as a low unemployment rate, the Wasatch Front is an ideal location to invest in single-family rentals.”

“Black Aspen Property Management has provided high-quality service to investors and residents in the community for four years, and we are poised to carry on that tradition under the Atlas Real Estate brand,” said Galant, who was previously the regional property manager and associate broker for Kier Management Corp. “We provide best-in-class property management services by focusing on preserving our clients’ assets, ensuring a maximum return on their investment all while delivering an outstanding customer service experience to our residents.”

Atlas has offices in eight U.S. markets with more than 4,500 residential units under management.