Catalyst Property Solutions, Hot Ocean Merge

Catalyst Property Solutions and Hot Ocean, two leading property management firms, announce their merger to form Catalyst Property Solutions—one of Houston’s largest property management firms.

Headquartered in Houston, Catalyst provides nationwide property management and receivership solutions with its hands-on management style. Now with more than 6,000 single- and multi-family units under management and approximately 250 employees, Catalyst’s operations extend coast-to-coast.

Paula Forshee founded Catalyst, a majority woman owned company, and will serve as CEO. Forshee has more than 25 years of property management and entrepreneurial experience. Alan Schnur and Dave Anderson, who formed Hot Ocean in 2009, have owner management experience plus a history of creating successful investment strategies that have generated impressive returns for partners across the country. Schnur and Anderson will serve as principals in the newly merged organization.

“Coming together as one company allows us to capitalize on our combined strengths in property management, asset management, acquisition, disposition, distressed and class A assets, multi-family, single-family, HOA, industrial and commercial properties. We call this our ability to divide and conquer,” says Forshee. “Dave specializes in investment strategies and debt placement, while Alan is the ‘make it happen’ expert with his ‘time is money’ approach to property identification, acquisition and disposition.

“We kept the name Catalyst because we think the word represents energy and positive change for our employees, investors and the properties we manage,” she continues.

In addition, Forshee, Anderson and Schnur have formed Catalyst Syndications, through which the team will invest personal and investor capital. Anderson and Schnur will serve as co-CEOs of Catalyst Syndications.

Anderson explains, “Catalyst Syndications leverages the team’s experience in the acquisition, management and disposition of more than 50,000 multi-family units in 45 U.S. states—from highly distressed assets to new class A construction—to drive value for our investors.”

Forshee adds, “We have a proven track record for finding economic solutions to complicated problems. Determination, team work, common sense and honest deals are the Catalyst difference.”

About Catalyst

Catalyst Property Solutions, with headquarters in Houston, is one of Houston’s largest residential property management firms. Catalyst manages more than 6,000 single- and multi-family units from coast-to-coast. The firm provides a broad range of property management services, homeowners’ association management, facilities maintenance, construction and renovation, receivership, broker partnership, accounting and due diligence. For more information, go to www.catalyst-ps.com.