Colliers ( NASDAQ: CIGI) has entered into a definitive agreement to invest in Rockwood Capital, a leading US real estate investment management firm with more than $12B of AUM. Colliers Acquires $6B Asset Management Firm In Push To Add Recurring Revenue National Investment June 30, 2022 Jarred Schenke, Bisnow Atlanta One of the largest commercial real estate brokerage firms in the world is taking a big step into the world of permanent real estate investment funds. After submitting your request, you will receive an activation email to the requested email address. Its primary services are leasing, capital markets, outsourcing and advisory, and investment management services. Colliers International Group Inc. is a diversified professional services and investment management company. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. Subscribe to Bisnow's National Newsletters. . With private real estate benefitting from macro tailwinds, we anticipate a continued increase in investor allocations to high-quality firms like Rockwood. For more information, please visit https://www.rockwoodcap.com/. Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. Just months after acquiring a 65 percent stake in Rockwood Capital, CRE services powerhouse Colliers continues expanding its investment management business with the acquisition of a controlling interest in Versus Capital, a leading U.S. alternative real asset management firm with more than $6 billion of assets under management. Upon completion, Colliers expects the annual run rate of management fee revenue to be between $70 and $75 million and operating results to be significantly accretive. -. Rockwood makes equity and credit investments in North America across multifamily, office, mixed-use, life sciences, hospitality and retail real estate. Since then, Rockwoods long tenured and experienced investment team has delivered superior returns and excellent client service through numerous market cycles. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Leading diversified professional services and investment management company, Colliers (NASDAQ: CIGI), announced today it has entered into a definitive agreement to invest in Rockwood Capital, LLC . Since inception, the firm has managed funds and separate accounts on behalf of over 130 institutional investors, including public and private pension funds, sovereign wealth funds, endowments, foundations, insurance companies, and high-net worth individuals. CIM Group Sells Austin Office Building. MIAMI, FL, June 19, 2023 - As the Miami River District booms with activity, Colliers is pleased to announce the opportunity to acquire The River Line, a 1.24-acre development site located at 678-720 NW N River Drive. This is not a step How are retail and adjacent categories, like malls, dining, grocery, discount & dollar stores, and more, performing in 2023? Announces Changes to Board of Directors, Colliers International Group Inc. Declares Semi-Annual Cash Dividend, Payable on July 14, 2023, Colliers Adding Southwest Engineering Firm; Says Acquisition Expands Footprint into Arizona market, Colliers Brief: Adding Southwest engineering firm; Acquisition expands footprint into fast-growing Arizona market. Financial terms of the transaction were not disclosed. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results, performance or achievements contemplated in the forward-looking statements. For more information visit Since then, Rockwoods long tenured and experienced investment team has delivered superior returns and excellent client service through numerous market cycles. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With over 130 . This content is for members only. TORONTO and NEW YORK, May 04, 2022 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management company, Colliers (NASDAQ and TSX: CIGI), announced today it has entered into a definitive agreement to invest in Rockwood Capital, LLC ("Rockwood"), a leading US real estate investment management firm with more than . With annual revenues of $4.3 billion and $57 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors, and our people. All forward-looking statements in this press release are qualified by these cautionary statements. Colliers International Group Inc. (TSX : CIGI) entered into an Colliers Acquiring Majority Stake in Rockwood - The Real Deal Christian Mayer Chief Financial Officer (416) 960-9500. "Our partnership with Rockwood will expand our operations in the U.S. and add several new asset classes and strategies, including excellent capabilities in the rapidly growing real estate credit space, Zach Michaud, co-chief investment officer of Colliers, said in a statement. Its outsourcing and advisory services consist of project management, engineering and design, valuation services, property management, as well as loan servicing. The property offers unparalleled Miami River access and is listed for $26 million. Additional information and risk factors are identified in the Companys other periodic filings with Canadian and US securities regulators (which factors are adopted herein and a copy of which can be obtained at www.sedar.com). About Rockwood. By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy. Colliers Expands Investment Management Footprint - CPE - CommercialSearch Rockwood Capital, LLC is a leading private real estate investment firm with offices in Los Angeles, San Francisco, and New York City. Financial terms of the transaction were not disclosed. Do Not Sell My Personal Data/Privacy Policy. Our partnership with Rockwood will expand our operations in the US and add several new asset classes and strategies, including excellent capabilities in the rapidly growing real estate credit space, said Zach Michaud, Co-Chief Investment Officer of Colliers. Our definition of AUM may differ from those used by other issuers and as such may not be directly comparable to similar measures used by other issuers. The move to add Rockwood's. Brokerage to expand real estate credit business. Colliers International Group Inc's Equity Buyback announced on July 15, 2022, has expired. For more information, please visit https://www.rockwoodcap.com/. Headquartered in New York, with offices in Los Angeles and San Francisco, Rockwood specializes in equity and credit investments across multifamily, office, mixed use, life science, hospitality, and retail asset classes across North America. Colliers to invest in leading US real estate investment firm With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. Michaud said Colliers expects investor allocations to real estate to continue to increase because the industry is "benefiting from macro tailwinds.". With annual revenues of $4.3 billion and $57 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors, and our people. Forward-looking statements include the Companys financial performance outlook and statements regarding goals, beliefs, strategies, objectives, plans or current expectations. Rockwoods leadership will retain the other 35 percent of the company in the deal Colliers called a perpetual partnership. The firm projects it will draw annual management fee revenue between $70 million and $75 million from the acquisition, which is expected to close in the third quarter. Since then, Rockwood's long tenured and experienced investment team has delivered superior returns and excellent client service through numerous market cycles. TORONTO and NEW YORK, May 04, 2022 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management company, Colliers (NASDAQ and TSX: CIGI), announced today it has entered. On completion of the Versus transaction, Colliers expects the annual run rate of management fee revenue to be between $75 million and $80 million, Adjusted EBITDA of $40 million to $45 million, and operating results to be significantly accretive. Such factors include: economic conditions, especially as they relate to commercial and consumer credit conditions and consumer spending, particularly in regions where our business may be concentrated; commercial real estate property values, vacancy rates and general conditions of financial liquidity for real estate transactions; trends in pricing and risk assumption for commercial real estate services; the effect of significant movements in average capitalization rates across different property types; a reduction by companies in their reliance on outsourcing for their commercial real estate needs, which would affect revenues and operating performance; competition in the markets served by the Company; the ability to attract new clients and to retain major clients and renew related contracts; the ability to retain and incentivize producers; increases in wage and benefit costs; the effects of changes in interest rates on the cost of borrowing; unexpected increases in operating costs, such as insurance, workers compensation and health care; changes in the frequency or severity of insurance incidents relative to historical experience; the effects of changes in foreign exchange rates in relation to the US dollar on the Companys Canadian dollar, Euro, Australian dollar and UK pound sterling denominated revenues and expenses; the impact of pandemics on client demand for the Companys services, the ability of the Company to deliver its services and the health and productivity of its employees; the impact of global climate change; the impact of political events including elections, referenda, trade policy changes, immigration policy changes, hostilities and terrorism on the Companys operations; the ability to identify and make acquisitions at reasonable prices and successfully integrate acquired operations; the ability to execute on, and adapt to, information technology strategies and trends; the ability to comply with laws and regulations related to our global operations, including real estate and mortgage banking licensure, labour and employment laws and regulations, as well as the anti-corruption laws and trade sanctions; and changes in government laws and policies at the federal, state/provincial or local level that may adversely impact the business. Announces Changes to Board of Directors, Colliers International Group Inc. Declares Semi-Annual Cash Dividend, Payable on July 14, 2023, Colliers Adding Southwest Engineering Firm; Says Acquisition Expands Footprint into Arizona market, Colliers Brief: Adding Southwest engineering firm; Acquisition expands footprint into fast-growing Arizona market. The deal is subject to customary closing conditions and approvals and is expected to close in the third quarter. Once the deal is completed, Colliers said it expects the annual run rate of management fee revenue to be between $70 million and $75 million. Rockwood specializes in equity and credit investments across the multifamily, office, mixed-use, life sciences, hospitality and retail sectors in North America. Its capital markets services include real estate sales, debt origination and placement, equity capital raising, acquisition advisory and transaction management. Except as required by applicable law, Colliers undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Since inception, the firm has managed funds and separate accounts on behalf of over 130 institutional investors, including public and private pension funds, sovereign wealth funds, endowments, foundations, insurance companies, and high-net worth individuals. This is the latest step in our ambitious growth strategy to build a world-class investment management platform within Colliers, Colliers CEO and Chairman Jay Hennick said in a statement. We need you to be ok with our use of information like your general location or reading habits to personalize your experience, so we can suggest the right stories to read or events for you to attend. David Becker, Rockwoods Managing Partner further commented, We are particularly attracted to Colliers enterprising culture, decentralized operating model, significant inside ownership, and impressive performance over many years. 01/06/2020. 2023 ALM Global, LLC, All Rights Reserved. This press release includes forward-looking statements. Rockwood and its principals have invested in over $36 billion of real estate on behalf of clients through value-add funds, credit funds, and separate accounts. Colliers takes 75% interest in Versus Capital - InvestmentNews The Company provides commercial real estate professional services and investment management to corporate and institutional clients in approximately 62 countries. Find everything from its Valuation, Future Growth, Past Performance and more. Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. Come together with your peers to celebrate the women making a difference in our industry. Financial terms of the transaction were not disclosed. Success! Rockwood invests across the capital stack through its series of flagship closed-end value-add, core/core-plus, credit, and long-term development vehicles. It is a strategy that has often served brokerageswell. Rockwood adds new asset classes and scalable products to strengthen and diversify Colliers rapidly growing investment management platform. Rockwood and its principals have invested in over $36 billion of real estate on behalf of clients through value-add funds, credit funds, and separate accounts. Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. Colliers International Group to Buyback up to Four-Million Shares in a Renewed Normal-Course Issuer Bid, Colliers Brief: Announcing Normal Course Issuer Bid, National Bank's Q2/23E Industrial Preview -- Infrastructure + Automation The Hot tTend, National Bank Financial Adjusts Price Target on Colliers International Group to $131 From $133, Maintains Outperform Rating, COLLIERS INTERNATIONAL GROUP INC. : Ex-dividend day for, Colliers International Group Outperform Rating Reiterated at BMO Following Management Meeting; Price Target Kept at US$131, Colliers Brief: Releasing annual Global Impact Report, Colliers International Initiated at Outperform, US$128 Price Target at RBC, Colliers International Group Initiated at Outperform by RBC With $128 Price Target; Firm Sees 'Attractive Risk-Reward Profile', Measurabl, Inc. announced that it has received $93.013737 million in funding from a group of investors, Measurabl, Inc. announced that it expects to receive $93.013737 million in funding, Colliers International Group Inc. Will central bank pause again or hike to combat stubborn inflation? Colliers Appoints Cho Sung-wook as Managing Director in Korea. ex_474562.htm - SEC.gov 2023 Benzinga.com. TORONTO and NEW YORK, May 04, 2022 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management company, Colliers (NASDAQ and TSX: CIGI), announced today it has entered into a definitive agreement to invest in Rockwood Capital, LLC (Rockwood), a leading US real estate investment management firm with more than $12 billion of assets under management. We are confident our new partnership will allow us to leverage Colliers' global platform to strengthen our capabilities while allowing us to remain an entrepreneurial and nimble steward of our investors' capital.". CRE Herald - 04/05/2022 Colliers has agreed to invest in Rockwood Capital, a US real estate investment management firm with more than $12 billion of assets under management. Just yesterday, Cresa announced it would merge with Texas-based ESRP in an effort to have comprehensive coverage in major Texas markets. Sign In Now. Colliers to Buy Majority Stake in Rockwood Capital You can sign up for additional alert options at any time. Colliers Int'l to acquire 65% share of Rockwood Capital In connection with this transaction, Berkshire Global Advisors acted as financial advisor and Kirkland & Ellis acted as legal advisor to Rockwood. Rockwood's investors include many of the world's largest public and private pension plans, sovereign wealth funds, endowments, foundations, insurance companies, and high-net worth individuals and their families. Upon completion, Colliers expects the annual run rate of management fee revenue to be between $70 and $75 million and operating results to be significantly accretive. CRE services powerhouse Colliers has entered into a definitive agreement to acquire a 65 percent stake in Rockwood Capital LLC, a U.S. real estate investment management firm with more than $12 billion of assets under management. Home; Commercial Real Estate. Its outsourcing and advisory services consist of project management, engineering and design, valuation services, property management, as well as loan servicing. Copyright 2023 KM Business Information US, Inc. Colliers will acquire a 65% stake in Rockwood, with the balance of the equity retained by Rockwoods senior leadership team who will continue to lead the business under the perpetual partnership model with Colliers, providing full alignment, long-term stability, and orderly succession over time. This deal is expected to close in the third quarter. Colliers to invest in leading US real estate investment firm BMO Capital Reviews Colliers International's Q1, TSX falls to near one-week low as oil price tumbles, Toronto Stocks Slide With Global Markets; Colliers International Falls on Guidance Cut, Transcript : Colliers International Group Inc., Q1 2023 Earnings Call, May 02, 2023. Toronto-based Colliers International, which has been aggressively growing its investment management business, plans to expand it further by taking a majority stake in a U.S. firm. Colliers will acquire a 65% stake in Rockwood, with the balance of the equity retained by Rockwood's senior leadership team who will continue to lead the business under the "perpetual partnership" model with Colliers, providing full alignment, long-term stability, and orderly succession over time. Colliers Acquires $6B Asset Management Firm In Push To Add Recurring Revenue. "'We are excited to partner with Rockwood's strong leadership team who have had a long and distinguished track record of success. Enter your email below. The Company's segments include Americas; Europe, Middle East and Africa (EMEA); Asia and Australasia (Asia Pacific) and Investment Management. Colliers International Group Gets TSX Nod for Normal Course Issuer Bid. The transaction is subject to customary closing conditions and approvals and is expected to close in the third quarter of 2022. Rockwoods history dates to the early 1990s when the firms founders served as real estate advisors to the Rockefellers, Olayans, and other prominent, global investors. You are subscribed to the Bisnow National Newsletter. Colliers will acquire a 65% stake in Rockwood, with the balance of the equity retained by Rockwood's senior leadership team who will continue to lead the business under the "perpetual partnership" model with Colliers, providing full alignment, long-term stability, and orderly succession over time. Colliers International Group Inc. completed the acquisition of controlling stake in Rockwood Capital, LLC for USD 0.19 million. *May exclude premium content In January, Colliers agreed to acquire 75% of Basalt Infrastructure Partners, a trans-Atlantic investment management firm with offices in London and New York.
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