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Tribe Property Technologies to Acquire Ace Agencies, Strengthening its Single Unit Rental Portfolio in Greater Vancouver and the Fraser Valley
Tribe Property Technologies to Acquire Ace Agencies, Strengthening its Single Unit Rental Portfol...
About this update from Tribe Property Technologies Inc
[{"type":"text","content":"\n\n\n\n Tribe Property Technologies to Acquire Ace Agencies, Strengthening its Single Unit Rental Portfolio in Greater Vancouver and the Fraser Valley\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Tribe has entered into an agreement to acquire Ace Agencies Ltd. (\"\n \n Ace Agencies\n \n \"), a residential single unit rental property management firm based in\n \n Abbotsford, British Columbia\n \n . Ace Agencies achieved consolidated unaudited revenue of over\n \n $1.4 million\n \n in 2024, with positive EBITDA\n \n 1\n \n .\n \n\n The Acquisition of Ace Agencies increases Tribe's single-unit rental portfolio by 275%, further diversifying its service offerings to property owners in the Fraser Valley and\n \n Greater Vancouver\n \n regions of\n \n British Columbia\n \n .\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n May 27, 2025\n \n\n /CNW/ - Tribe Property Technologies Inc. (TSXV: TRBE) (OTCQB: TRPTF) (\"\n \n Tribe\n \n \" or the \"\n \n Company\n \n \"), a leading provider of technology-elevated property management solutions, is pleased to announce that through its wholly-owned subsidiary Tribe Management Inc. (\"\n \n Tribe Management\n \n \"), it has agreed to acquire Ace Agencies (the \"\n \n Acquisition\n \n \"), a residential single unit rental property management firm based in\n \n Abbotsford, British Columbia\n \n . The Acquisition is expected to significantly expand Tribe's single-unit rental portfolio and further solidify its position as a comprehensive property management service provider across\n \n Canada\n \n .\n \n\n\n\n\n\n\n\n\n\n Joseph Nakhla\n \n , CEO of Tribe, commented: \"We look forward to welcoming the Ace Agencies team to Tribe. Ace Agencies brings valuable experience in managing single-family homes across the Fraser Valley and Greater Vancouver— a growing market that fits well with Tribe's services. This acquisition approximately triples our single-unit rental portfolio and strengthens our presence in the rental market, a natural extension for many of our clients who already own investment pr...