FPI makes layoffs with rumored Asset Living merger

Group 1 - The merger between FPI Management and Asset Living is indicated by the listing of Ryan McGrath as CEO of both companies and the transition of job postings to Asset Living's careers portal [3][7] - FPI Management is expected to lay off 105 employees between November 30, 2025, and January 31, 2026, as part of the merger process [4][7] - The layoffs will affect positions such as accounts receivable analysts, property accountants, and human resource associates, among others [5][7] Group 2 - The combination of FPI Management, the sixth largest owner in the U.S., and Asset Living, the second largest operator, would create a management entity with approximately 450,000 units [7] - Industry sources have confirmed the merger, and there are indications that FPI was sold to Asset Living two months prior to the announcement [7]