Known in Perth's real estate industry for challenging the status quo, Xceed Real Estate has again demonstrated its fearless growth trajectory – in its latest commercial acquisition of Joyce Property Investments.
Known in Perth's real estate industry for challenging the status quo, Xceed Real Estate has again demonstrated its fearless growth trajectory – in its latest commercial acquisition of Joyce Property Investments.
Unlike other recent rent roll acquisitions, Xceed has purchased the entire Joyce business entity, which includes fifteen employees. The move will see the Herdsman-based firm's already-impressive rent roll increase by over 1000 managements, bringing its total management portfolio to almost 5000.
With the acquisition taking effect from 1st April 2022, the newly acquired managements will operate as 'Joyce Powered by Xceed' and will create little to no disruption to existing Joyce landlords and tenants. Over time, the processes will be streamlined with Xceed's own cutting edge systems, including Kolmeo - a real-time payments platform that balances the needs of landlords, tenants and property managers, eliminating the old trust account model.
Xceed CEO Ray Ellis is thrilled that Xceed was selected from a number of 'suitors' for Joyce's business, particularly as Graham and Lisa Joyce felt they were the best fit from a cultural and customer service perspective.
“With twenty-two acquisitions under our belt over the last six years, we have learnt a lot along the way and are constantly assessing the way we operate and evolving our processes to meet the demands of such rapid growth. We are selective with the business/rent rolls we choose to acquire, seeking only to work with those who align to our values and vision.” Daisy explained.
Xceed's substantial property management portfolio is spread across Perth's metropolitan area, from Two Rocks to Mandurah and from Bullsbrook to Armadale. Similarly unrestricted geographically, Joyce's portfolio was an excellent fit for Xceed's property management model.
Joyce Property Investments Director, Lisa Joyce, feels reassured that the business she and her husband Graham have grown together since 2004 will be in the best hands.
“Xceed is a business committed to exceptional people management, customer service and innovation – values that align with those held by Joyce. We have every confidence in Daisy’s and Ray’s ability to operate the business properly and continue to develop its future potential with new resources and capabilities,” she said.
Xceed's 52-strong property management team are excited to welcome Joyce's team to their state-of- the-art headquarters overlooking Herdsman Lake. Boasting a supportive workplace culture that rewards hard work, Xceed will enter its sixth year of operation in July and stands by its motto of 'We haven't come this far, to only come this far'.