Cirrus was founded by Steve Heimler to own, reposition and operate multifamily and hospitality assets in California, Arizona and Hawaii. In 1989, Steve founded Stratus Management, which through its many mergers and acquisitions became known as Stratus Real Estate, Inc., and was ultimately merged into the nation’s second largest apartment property manager in 2008. Stratus had been regarded as the premier regional third-party property management firm specializing in the management and repositioning of multifamily assets with a team of nearly 1,000 associates managing a portfolio of over 23,000 apartments at 215 properties in Arizona, California and Hawaii.

Cirrus Asset Management, Inc. was formed by assembling the outstanding performers from each critical department of Stratus to provide increased focus on the ‘owned’ portfolio, while continuing to engage in consulting services for third party clients. The veteran management team at Cirrus brings extensive experience in property acquisitions, property operations, construction management, accounting, financial engineering and dispositions. From 20+ years of working with well known names in the multifamily industry, our team has assisted in the transfer of nearly $4,000,000,000 in assets. Currently, Cirrus manages and asset manages a portfolio valued at over $1,000,000,000.

Cirrus is active in Asset Management, Receivership, REO consulting and strategic asset plan development. Cirrus’ specialized focus on asset execution, high-tech marketing and cash-flow maximization is increasingly relevant following the nation’s recent financial meltdown. Because of Cirrus’ counter-cycle operating strength, Cirrus has been solicited by a number of institutions, banks, investors and portfolio owners to provide Asset Management Services. Cirrus is currently responsible for asset management of over 3,500 apartments in four states and directly manages an additional 3,000 apartments in Arizona, California and Hawaii.

At Cirrus , excellence in management oversight is a team-oriented process, not a product. By recognizing and embracing innovations in technology and methodology, the process is enhanced, which maximizes property performance. We encourage our potential investment partners and consulting clients to study our documentation and marketing materials. But, more importantly, we urge potential business partners to speak with our long list of institutional and private references to obtain objective opinions about our quality and expertise...and why partnering with Cirrus Asset Management, Inc. will benefit you.