---
title: "New Mountain Capital Reportedly Set To Acquire Asset Living For Over $2B"
url: https://burnaze.com/article/8f2fed58-99f2-49d8-9fdb-e859db712897
source: "Bisnow National"
original_url: https://www.bisnow.com/national/news/multifamily/new-mountain-capital-set-to-acquire-asset-living-2b-134848
category: "Senior living"
industry: "Senior Care"
segment: "Senior living"
topics: ["Finance & M&A"]
published: 2026-06-03T14:35:44.000Z
modified: 2026-10-31T13:18:52.191Z
image: https://cdn.bisnow.net/fit?height=1200&type=jpeg&url=https%3A%2F%2Fs3.amazonaws.com%2Fcdn.bisnow.net%2Fcontent%2Fimages%2F2026%2F06%2F6a2046d1240a3-pexels-ekaterina-bolovtsova-6077886.jpeg&width=1200&sign=JPyZ9txLAf-CkLzi8qhQCJHVdYjlzTz48Tu3T_bl5oA
---

# New Mountain Capital Reportedly Set To Acquire Asset Living For Over $2B

**TL;DR:** New Mountain Capital is reportedly set to acquire Asset Living, a residential property management firm, in a deal worth over $2B. Asset Living, backed by Roark Capital, operates in over 40 states with more than 455,000 units under management.

*originally published in Bisnow National on 2026-06-03. [Read the original](https://www.bisnow.com/national/news/multifamily/new-mountain-capital-set-to-acquire-asset-living-2b-134848).*

## Story

Private equity company New Mountain Capital is reportedly set to purchase residential property management firm Asset Living in a deal worth more than $2B.

Roark Capital, the company that owns Asset Living, worked alongside investment bank William Blair as it explored the sale of the company, according to Reuters, which cited sources close to the deal. New Mountain is acquiring Asset Living in partnership with the company's CEO, Ryan McGrath, who is expected to stay involved with the business.

The deal includes Asset Living's real estate portfolio and its proprietary technology suite.

The company operates in more than 40 states, with more than 455,000 units under management. It is the second-largest property manager in the U.S., behind Greystar, according to the National Multifamily Housing Council. Asset Living was founded in 1986 and is headquartered in Houston.

The reported acquisition comes several months after Asset Living's rumored merger with FPI Management in October. Asset Living never officially announced the deal, but multiple documents signaled the transaction had taken place.

Asset Living's number of units under management increased year-over-year by roughly the same amount as FPI had under management. FPI’s website is also no longer active, with its former career page now redirecting to Asset Living's career hub.

## Entities

- private equity (topic)
- Finance (sector)
- acquisition (topic)
- property management (topic)
- Bisnow (publication)
- Roark Capital (investor)
- William Blair (company)
- Greystar (company)
- New Mountain Capital (investor)
- Asset Living (company)
- Ryan McGrath (person)
- FPI Management (company)

---
Originally reported by Bisnow National (https://www.bisnow.com/national/news/multifamily/new-mountain-capital-set-to-acquire-asset-living-2b-134848). Summarized by Burnaze (https://burnaze.com/article/8f2fed58-99f2-49d8-9fdb-e859db712897).