{"id":1004650191,"date":"2023-03-08T02:42:16","date_gmt":"2023-03-08T10:42:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004650191"},"modified":"2023-03-08T02:45:57","modified_gmt":"2023-03-08T10:45:57","slug":"ssh-real-estate-acquires-properties-facilities-management-firm","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ssh-real-estate-acquires-properties-facilities-management-firm\/","title":{"rendered":"SSH Real Estate Acquires Properties & Facilities Management Firm"},"content":{"rendered":"
\"handshake\"<\/a>

Image by Gerd Altmann via Pixabay<\/em><\/p><\/div>\n

Philadelphia-based SSH Real Estate<\/strong>, one of the largest privately held commercial real estate services companies in the Mid-Atlantic, just got larger. The company has increased its services and footprint with the acquisition of Advantage Building & Facilities Services<\/strong>, a property and facilities management firm based in West Chester, Pa.<\/p>\n

A fixture on the real estate scene since its formation in 1952, SSH has been in growth mode of late, with its property management and brokerage business expanding rapidly, particularly in the suburbs. The acquisition of Advantage was a natural next step in the company\u2019s evolution. By unifying the two businesses, SSH has further expanded its property management<\/a> platform, geographically extending its presence into Western Pennsylvania, New Jersey, Maryland, Delaware and Washington, D.C.<\/p>\n

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READ ALSO:<\/strong> Cost-Saving Strategies for Commercial Real Estate Managers<\/a><\/p>\n

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\"Peter

Peter Soens, Founding Partner, SSH Real Estate. Image courtesy of SSH Real Estate<\/em><\/p><\/div>\n

Additionally, the transaction has allowed SSH to establish a new maintenance service division in one fell swoop. The alliance of the companies presented a multitude of advantages. \u201cWe also saw [the acquisition] as a great opportunity to fill a real void in the marketplace where many owners are facing challenges hiring and retaining qualified maintenance engineers,\u201d Peter Soens, founding partner of SSH Real Estate, told Commercial Property Executive<\/em>. Soens leads SSH with Gregory Muller, who moved up to the role of partner at the firm in 2015.<\/p>\n

In addition to sharing the same corporate culture, the two companies share a history, as SSH has relied on the services of Advantage for many years. Established in 2005, Advantage has been a provider of property and facilities management services for veritably all commercial asset types, including office buildings, industrial properties and retail sites.<\/p>\n

Services industry status<\/h2>\n

The commercial real estate services industry took its hits during the pandemic like practically every other industry. However, the consequences of the global health crisis also shined a light on the necessity of such services.<\/p>\n

\u201cThere have always been ebbs and flows to the brokerage and investment businesses, which were certainly impacted by the pandemic. The Advantage model of providing maintenance services and property management to a highly diverse mix of buildings became more appealing since these services are always needed, so, therefore, provide more consistent revenue,\u201d Soens said.<\/p>\n

SSH retained all Advantage employees, so both families remain intact as one. The transaction is unlikely to be a one-off, as SSH is exploring additional acquisition opportunities as it pursues its growth agenda.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Philly-based company expanded its property management platform and entered the maintenance services business.<\/p>\n","protected":false},"author":969,"featured_media":1004639889,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,11,21742,21785],"tags":[36389],"class_list":["post-1004650191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midatlantic","category-latest","category-property-management","tag-ssh-real-estate"],"acf":[],"yoast_head":"\nSSH Real Estate Acquires Properties & Facilities Management Firm - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"SSH Real Estate has acquired Advantage Building & Facilities Services, a property and facilities management company based in West Chester, Pa.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ssh-real-estate-acquires-properties-facilities-management-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SSH Real Estate Acquires Properties & Facilities Management Firm\" \/>\n<meta property=\"og:description\" content=\"SSH Real Estate has acquired Advantage Building & Facilities Services, a property and facilities management company based in West Chester, Pa.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ssh-real-estate-acquires-properties-facilities-management-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-08T10:42:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-08T10:45:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/handshake-7249766_1920-e1674036461538.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"999\" \/>\n\t<meta property=\"og:image:height\" content=\"748\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ssh-real-estate-acquires-properties-facilities-management-firm\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ssh-real-estate-acquires-properties-facilities-management-firm\/\",\"name\":\"SSH Real Estate Acquires Properties & Facilities Management Firm - 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