PPA Real Estate Management Changes its Name to CLEAR Property Management

(AUSTIN) – PPA Real Estate Management has announced yesterday that the company
is changing its name to CLEAR Property Management. The announcement coincided
with the 6th anniversary of the multifamily property management company. This change
did not come about because of an acquisition or to avoid any problems with the
previous company name; rather it was to provide more clarity and distinction from the
parent company, PPA Group.

Until 2008, PPA Group – which stands for Partnered Property Acquisitions Group – did
not have a property management division. Lenders and equity partners find it more
attractive to work with vertically integrated sponsors and third-party management were
not providing the desired transparency and control so PPA Group decided to create
PPA Real Estate Management.

Over the years, the companies struggled to keep the identities clear and separate.
Residents and vendors would often confuse the two. The recent addition of a new
President for the property management company, Timm Oglesby, and the parent
company’s first Marketing Director, Jessica Lee-Wen, allowed a new perspective to
initiate the change.

“Our first idea was to redesign the property management logo but once we thought
about it some more, we realized that we manage properties, we don’t acquire properties
so Partnered Property Acquisitions didn’t make sense for our name.” explains Oglesby.

“The purpose for choosing CLEAR was the simplicity and straightforwardness of the
word,” said Lee-Wen. “We are transparent to our property owners, we communicate
clearly to our team, and the service we offer to residents is honest. We explored other
names and they were just too complicated to represent what and how we do things. We
kept that in mind when we developed the logo too.”

The logo and brand were developed by Tilted Chair Creative, a creative agency in
Austin. “Tilted Chair is proud to be partnering with CLEAR Property Management to
design and create their new brand,” said Tilted Chair co-founder Mike Ihnat. “From
strong company values, to a thorough understanding of the brand, CLEAR has been an
instance of a client that truly understands their company. We’re excited about what we
have created so far, and are looking forward to future projects.”

CLEAR Property Management (formerly PPA Real Estate Management) is a privately
held, full-service property management company. Headquartered in Austin, Texas,
CLEAR specializes in managing multifamily properties and turning around underperforming,
distressed properties throughout Texas. One property, Sunset Canyon, won
the 2012 Property of the Year Award from the San Antonio Apartment Association. The
company is also ranked as one of The San Antonio Business Journal’s Largest
Multifamily Property Management Companies in San Antonio in 2013. PPA REAL ESTATE MANAGEMENT CHANGES ITS NAME TO CLEAR PROPERTY MANAGEMENT

Contact: Jessica Lee-Wen, Marketing
The PPA Group, LLC
(512) 651-0513

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