ACQUISITIONS |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ACQUISITIONS | ACQUISITIONS During 2024, the Company completed several acquisitions to expand its service offerings and operational capabilities, including the acquisition of substantially all of the assets of the property management divisions of The Broadway Company and Boston Realty Advisors (collectively, the “Property Management Acquisitions”) and the merger with HelloTech, Inc. (“HelloTech” and, such merger, the “HelloTech Merger”). These transactions were accounted for as business combinations under Accounting Standards Codification (“ASC”) 805, Business Combinations. The results of operations of the acquired businesses have been included in the Company’s consolidated financial statements from their respective acquisition dates. The following unaudited supplemental pro forma financial information presents the Company’s consolidated results of operations for the three and nine months ended September 30, 2025, as if the Property Management Acquisitions and the HelloTech Merger had been consummated on January 1, 2024.
The supplemental pro forma financial information presented above is not necessarily indicative of the results of operations that would have been achieved had the acquisitions occurred on January 1, 2024, nor is it indicative of future operating results. The supplemental pro forma financial information does not reflect potential cost savings, operating synergies or other efficiencies that may result from the acquisitions. The Company completed its acquisition accounting for the 2024 acquisitions as of December 31, 2024. No material measurement-period adjustments were recorded during the three and nine months ended September 30, 2025, and the Company does not expect to record any additional measurement-period adjustments related to these acquisitions.
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