Proper Acquires Novo Properties, Alexander Properties Group (APG), FLATS, Guardian, CommonPlace, and Drexel
February 26, 2026
Proper, a national acquisitions and property management platform, announced the successful acquisition of two additional operating companies—Novo Properties and Alexander Properties Group (APG)—bringing its total acquired portfolio to six companies. The combined acquisitions expand Proper’s property management footprint to nearly 20,000 units across 15 states.
- Buyers
- Proper
- Targets
- Novo Properties, Alexander Properties Group (APG), FLATS, Guardian, CommonPlace, Drexel
- Platforms
- Proper
- Industry
- Real Estate
- Location
- Illinois, United States
- Transaction Type
- Addon
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