News |
January 31, 2012
NAI MLG Commercial Announces Acquisition of NAI Global by C-III Capital Partners
Contact:
Carolyn Hahn, Director of Events & Public Relations
(262) 542-4249 ; chahn@waukesha.org
Carolyn Hahn, Director of Events & Public Relations
(262) 542-4249 ; chahn@waukesha.org
Brookfield, WI, January 30, 2012— NAI MLG Commercial is pleased to announce that NAI Global, the largest network of independent commercial real estate firms worldwide, completed its previously reported acquisition by C-III Capital Partners LLC (C-III). The transaction will create a leading fully integrated commercial property services company that will operate in markets around the world. NAI MLG Commercial is the Wisconsin representative of NAI Global.
C-III is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management. C-III is led by CEO Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS). Its principal place of business is located in Irving, TX, and it has additional offices in New York, New York; Greenville, South Carolina; McLean, Virginia; Chicago, Illinois; Dallas, Texas and Nashville, Tennessee.
NAI Global will continue to operate as a separate company under its current management. C-III will accelerate NAI Global’s growth by exploring business development opportunities in strategic locations, including New York, London, Singapore and other primary global business centers. It will also invest in the growth of the corporate solutions and capital markets offering, expanding asset/property management, project/facilities management and valuation services worldwide.
“The completion of this transaction represents a significant step forward in our strategy to build a fully diversified commercial real estate services company,” said Mr. Farkas. “With the NAI Global acquisition, we are gaining the world’s leading commercial real estate network and a tremendous foundation for future growth. As we begin a new year, we look forward to partnering with the NAI team to provide enhanced services to the commercial and institutional real estate markets they serve as well as continuing to take advantage of other opportunities to grow and expand our platform.”
“We are thrilled to be joining forces with C-III and excited about the opportunity to deliver an even broader range of services to our members and add greater value to our collective corporate and investment clients. We look forward to tapping into their extensive resources and expertise to assist all of our clients in strategically optimizing their commercial real estate assets,” said Jeffrey M. Finn, President and CEO of NAI Global.
“We are very excited about C-III’s acquisition of NAI Global. The commercial real estate market is on an upswing, and this transaction will allow NAI MLG Commercial to deliver an even broader range of services in the Wisconsin marketplace,” said Bruce N. Westling, President of NAI MLG Commercial.
Financial terms of C-III’s acquisition of NAI Global were not disclosed.
C-III commenced operations with the purchase of Centerline Capital Group’s institutional real estate debt fund management and commercial mortgage loan servicing businesses in March 2010. Since that time, C-III has successfully launched mortgage origination, investment sales and title insurance businesses, and expanded its principal investment, loan origination, fund management and primary and special loan servicing businesses, including acquiring the special servicing and CDO management businesses of JER Partners in August 2011.
Founded in 1977, NAI Global (www.naiglobal.com) is the largest network of independent commercial real estate firms worldwide, comprised of over 5,000 professionals in 55 countries with more than 350 offices. NAI member firms such as NAI MLG Commercial work in tandem with NAI Global to ensure that clients strategically optimize their real estate assets. NAI offices complete over $45 billion in combined transactions annually and manage over 300 million square feet of commercial space.
NAI MLG Commercial is recognized as Wisconsin’s top commercial real estate firm. With offices in Milwaukee, Brookfield, Madison and Appleton, Wisconsin, NAI MLG Commercial offers expertise in retail, industrial, office and investment brokerage as well as property management and consulting services to individuals and corporations in southeast Wisconsin and across the state. NAI MLG Commercial is the Wisconsin member firm of NAI Global. Working together with NAI Global, NAI MLG Commercial is able to provide its clients with real estate solutions across the country and around the globe.
C-III is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management. C-III is led by CEO Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS). Its principal place of business is located in Irving, TX, and it has additional offices in New York, New York; Greenville, South Carolina; McLean, Virginia; Chicago, Illinois; Dallas, Texas and Nashville, Tennessee.
NAI Global will continue to operate as a separate company under its current management. C-III will accelerate NAI Global’s growth by exploring business development opportunities in strategic locations, including New York, London, Singapore and other primary global business centers. It will also invest in the growth of the corporate solutions and capital markets offering, expanding asset/property management, project/facilities management and valuation services worldwide.
“The completion of this transaction represents a significant step forward in our strategy to build a fully diversified commercial real estate services company,” said Mr. Farkas. “With the NAI Global acquisition, we are gaining the world’s leading commercial real estate network and a tremendous foundation for future growth. As we begin a new year, we look forward to partnering with the NAI team to provide enhanced services to the commercial and institutional real estate markets they serve as well as continuing to take advantage of other opportunities to grow and expand our platform.”
“We are thrilled to be joining forces with C-III and excited about the opportunity to deliver an even broader range of services to our members and add greater value to our collective corporate and investment clients. We look forward to tapping into their extensive resources and expertise to assist all of our clients in strategically optimizing their commercial real estate assets,” said Jeffrey M. Finn, President and CEO of NAI Global.
“We are very excited about C-III’s acquisition of NAI Global. The commercial real estate market is on an upswing, and this transaction will allow NAI MLG Commercial to deliver an even broader range of services in the Wisconsin marketplace,” said Bruce N. Westling, President of NAI MLG Commercial.
Financial terms of C-III’s acquisition of NAI Global were not disclosed.
C-III commenced operations with the purchase of Centerline Capital Group’s institutional real estate debt fund management and commercial mortgage loan servicing businesses in March 2010. Since that time, C-III has successfully launched mortgage origination, investment sales and title insurance businesses, and expanded its principal investment, loan origination, fund management and primary and special loan servicing businesses, including acquiring the special servicing and CDO management businesses of JER Partners in August 2011.
Founded in 1977, NAI Global (www.naiglobal.com) is the largest network of independent commercial real estate firms worldwide, comprised of over 5,000 professionals in 55 countries with more than 350 offices. NAI member firms such as NAI MLG Commercial work in tandem with NAI Global to ensure that clients strategically optimize their real estate assets. NAI offices complete over $45 billion in combined transactions annually and manage over 300 million square feet of commercial space.
NAI MLG Commercial is recognized as Wisconsin’s top commercial real estate firm. With offices in Milwaukee, Brookfield, Madison and Appleton, Wisconsin, NAI MLG Commercial offers expertise in retail, industrial, office and investment brokerage as well as property management and consulting services to individuals and corporations in southeast Wisconsin and across the state. NAI MLG Commercial is the Wisconsin member firm of NAI Global. Working together with NAI Global, NAI MLG Commercial is able to provide its clients with real estate solutions across the country and around the globe.
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Contact: John J Malloy at (262) 797-9400 for more information.
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