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Block & Associates Realty

Strategic Platform Expansion and Sourcing Proprietary Deal Flow in North Carolina.

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Block & Associates Realty

Buy-Side Acquisition Strategy | Platform Expansion Across the Southeast

Client Snapshot

Block & Associates Realty is a founder-led property management platform based in North Carolina, with operations across single-family rental and HOA management. The company had built a strong regional foundation through disciplined operations, long-standing client relationships, and steady organic growth.

The Opportunity

Forth Group had received inbound acquisition interest from a potential buyer, but the founder had not tested the broader market and wanted to understand whether the initial indication reflected the true value of the business. The objective was not simply to find a buyer. The goal was to run a thoughtful process that could validate value, create competitive tension, improve transaction structure, and identify a partner aligned with the company’s employees, customers, and long-term direction.

Parkland’s Role

  • Parkland was engaged to serve as an outsourced corporate development and buy-side M&A partner.
  • Parkland built and executed a targeted acquisition strategy across priority markets, focusing on founder-led property management businesses that aligned with Block’s operating model, growth objectives, and long-term platform vision.
  • Parkland’s work included proprietary target sourcing, owner outreach, transaction qualification, diligence coordination, valuation support, structure development, and buyer-seller communication throughout the process.
  • Rather than acting as a traditional transactional intermediary, Parkland functioned as an extension of Block’s team, allowing leadership to stay focused on operating the business while maintaining a disciplined acquisition effort.

Outcome

Through its partnership with Parkland, Block significantly expanded its acquisition pipeline, completed or advanced numerous proprietary opportunities, and increased scale across both rental and HOA management. The engagement helped reposition Block from a strong regional operator into a more institutional-quality property management platform with increased market density, broader geographic reach, and a more compelling growth story for strategic and financial partners. The result was not just a series of acquisitions. It was the development of a repeatable acquisition engine capable of supporting long-term platform growth.

Client Perspective

When we engaged Parkland, we wanted to grow through acquisition but didn’t have a full corporate development department. They’ve sourced proprietary deal flow across North Carolina, helped us run the diligence and structuring on every transaction, and helped us scale to roughly 4,000 residential SFR and small multifamily doors plus ~9,000 HOA doors. We’ve closed several acquisitions, and we’re now positioned to attract institutional capital on terms we couldn’t have accessed two years ago.

— Mike Meyer, Owner, Block & Associates Realty