Property Management Firm Acquired

Stratus Real Estate, a multifamily property management firm, has been acquired by Riverstone Residential Group. Terms of the deal were not disclosed. Stratus, based in Woodland Hills, manages over 23,000 multifamily units in over 200 properties in California, Hawaii and Arizona. Its owners, Steve Heimler, Al Brenner and Gardner Rees, will join the Riverstone management team.