New Mountain Buys Asset Living for $2B

New Mountain Capital is set to acquire Asset Living for over $2 billion, marking a major leap into residential property management across the U.S. The deal, expected to retain CEO Ryan McGrath and include tech and real estate assets, follows months of active selling by current owner Roark Capital. Asset Living, a respected leader in affordable and multifamily housing since 1986, joins New Mountain’s $60 billion portfolio. This move reflects a broader consolidation trend in property management, as firms like ProperXPM expand through acquisitions, reshaping the industry landscape. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6b09aba26d8e7267