CAHEC Acquires Boyd Management

CAHEC announced it acquired Boyd Management, Inc. and its property development arm WWJ, LLC, which oversee the daily operations of more than 325 residential properties throughout the Southeast. This acquisition diversifies and strengthens both companies and is a natural transition. The two companies have collaborated for 15 years toward a similar mission of providing affordable housing to low- and moderate-income residents, and Boyd Management brings property management and development into CAHEC’s traditional focus on community investment. Boyd Management will legally change its name to CAHEC Management, Inc., but beyond that, both companies will continue business as usual with no significant operational changes.