In 1989, Steve Heimler founded Stratus Management, which through numerous mergers and acquisitions developed into Stratus Real Estate, Inc., a property management firm with nearly 1,000 associates managing over 24,000 apartments in 215 communities throughout California, Arizona and Hawaii. Under Steve’s leadership, Stratus became known as a premier regional, third-party firm specializing in management and repositioning of multi-family assets. In 2007, British investors approached Steve to sell Stratus into what is now known as Riverstone Residential Group. As one of its first partners, Steve helped assemble three other regional firms to build what today is one of the largest apartment management firms in America.
With the sale of Stratus, Steve Heimler recruited the top performers from each critical department to join him in his next venture. With this new executive team, he created Cirrus Asset Management to focus on those assets not transferred in the Stratus sale and to provide ongoing consulting services for third-party clients.
Today, this same veteran team at Cirrus offers new clients extensive experience in property acquisitions, property operations, construction management, accounting, financial engineering, and dispositions from their many years working with well-known firms in the multi-family sector. Our firm has unrivaled depth in consulting and strategic asset plan development for affordable property owners and in repositioning older assets. In the years at Stratus Real Estate and now Cirrus, our executive team has assisted in the transfer of nearly $5 billion in assets. Presently, with all non-compete restrictions expired, Cirrus is again growing with third-party customers finding their way to the company through word of mouth alone.