Recent startup Oakline Partners has made another move to bolster its platform, acquiring Four Star Realty, a multifamily property management firm based in Colorado. The acquisition expands Oakline’s footprint in the Mountain West and diversifies its platform, including a meaningful student housing presence.
Four Star Realty, founded in 1986, specializes in multifamily and student housing as well as scattered-site portfolio management. It manages over 5,000 residential and 3,000 student housing units in Colorado.
“This partnership is a perfect fit for our company and our long-term vision,” said Four Star Realty CEO Caldwell Sullivan. “We’ve found a capital partner that deeply aligns with our values and our commitment to service and shares our belief that people and technology are the foundation of exceptional property management.”
Sullivan added that with addition resources to invest in innovation and people, Four Star Realty is better positioned to meet the challenges of the Colorado market while keeping its boots-on-the-ground approach.
The company will continue to operate under its current brand and leadership team, led by Sullivan and Jake Bostedt, chief financial and operating officer. To support its continued growth, the firm has appointed Charlie Pratt as president. Most recently serving as CEO at Homebot, Pratt will focus on building the systems, structure, and leadership capacity to support the firm’s next chapter.
Oakline, which was launched in September by private equity firm Alpine Investors, is dedicated to partnering with and scaling property management companies and association managers nationwide. Its aim is to preserve companies’ independence and legacy while unlocking advantages through modern technology, cross-platform lead generation, expanding service offerings, and access to top talent. In addition to this acquisition, in December, Oakline announced a partnership with Drucker + Falk, a leading multifamily and commercial property management firm with over 43,000 apartment units under management.
“Four Star Realty represents a strategic addition to Oakline’s platform, expanding our presence in Colorado and further strengthening our footprint across the Mountain West,” added Oakline president Mark Mason. “Four Star brings a strong operating reputation and a well-established residential platform that complements and enhances our existing capabilities, including a proven track record in student housing, while supporting Oakline’s continued geographic expansion in key growth markets.”