Property One, Inc., a Metairie-based real estate firm, announces the sale of the company to three senior staff as founders Paul F. Dastugue III, CPM and Quentin Dastugue, CCIM transition to advisory roles and focus on their personal philanthropic, civic and real estate projects. Michele Casi, CPM, Managing Director of Property Management is appointed CEO, Paul E. Langenwalter, III, Chief Financial Officer and Chief Operating Officer remains at post, and Matt Taylor, Managing Director of Brokerage is appointed President. The new leadership team will assume operational responsibility of the company with an emphasis on continuing Property One’s proud tradition of customer satisfaction and individualized support to clients with complex real estate needs.
Michele Casi joined Property One from Casi Real Estate, and led Property One’s Baton Rouge property management team before being named Managing Director of Property Management in 2019.
Paul E. Langenwalter, III has served as Property One’s Chief Financial Officer since 2013, taking on additional responsibilities as the Chief Operating Officer in 2019. Langenwalter formerly worked with The Receivables Exchange and Ernst & Young, LLP.
Matt Taylor began working with Property One as a broker in 1998, taking on the role of Managing Director of Brokerage in 2015.
“It is an honor to be entrusted with the 36-year legacy of Property One as we continue to grow and serve a diverse list of local, regional and national clients. Real estate is a business where reputation matters and we as a team are excited to build on our already strong reputation for delivering quality, competency and service to customers going forward” said Paul E. Langenwalter, III.
Casi, Langenwalter, and Taylor will lead a thirty-six-year-old company built upon strong relationships and quality service to the Gulf South real estate community. Founded by brothers Paul and Quentin Dastugue in 1985, Property One has grown to one of the region’s premier real estate services firms, employing over 125 staff across three offices and multiple states, and partnering with 19 licensed real estate brokers.
“What a pleasure it is to work with such outstanding real estate professionals such as Paul, Matt and Michele – their great talent will help drive Property One to new levels. I’m looking forward to working with them in the continuation of success and growth,” said Paul F. Dastugue, III.
“My focus over the last five years has been in real estate development and acquisitions which will continue along with a continuing advisory role with the staff and brokers of the company. It is with great excitement that I officially announce our new partners from within the Property One family,” said Quentin Dastugue.
Property One is a Metairie-based real estate firm founded in 1985 specializing in commercial property management, leasing, brokerage, and consulting services with 4.2 million sq. feet of commercial and 4.9 million sq. feet of multifamily assets under management across more than 60 properties in the Gulf South. For more information, visit www.propertyone.com.