Vesta Property Services today announced the acquisition of Preferred Management Services Inc. (PMSI), provider of community association and commercial management services in Northeast Florida. Lea Stokes, who founded PMSI in 1995, will continue to lead the day-to-day operations of the newly formed Northeast Region for Vesta’s Community Management Division.
The acquisition adds more than 4,000 residential units and 16 commercial parks to Vesta’s management portfolio and, combined with their existing operations throughout the state of Florida, expands Vesta Property Services’ presence in the Northeast Florida region.
“We are very excited to part of the Vesta family,” said Lea Stokes. “Our team has been highly successful for the past 21 years and our association with Vesta will just broaden the level of professional services we provide our clients.”
Beginning in early 2017, PMSI will officially transition to Vesta Property Services.
About Vesta Property Services
Vesta Property Services provides financing, management and ancillary services to developers of planned unit communities and resident associations in connection with clubhouses, golf courses and other amenity and infrastructure facilities and commercial real estate management. Vesta’s goal is to provide communities with exceptional lifestyle services, a superior community management experience, and strong ﬁnancial support. Vesta Property Services was named “Top Residential property Management Firm” of 2015 by the Jacksonville Business Journal. To learn more about the company’s community management solutions, visit www.vestapropertyservices.com.