MAITLAND, FL, Jan. 27, 2011 — NAI Global, the largest network of independent commercial real estate firms worldwide, announced that its previously reported acquisition by C-III Capital Partners LLC (C-III) has been completed.
Financial terms of the NAI Global acquisition were not disclosed.
“We’re very excited about the opportunities this transaction will provide. NAI Realvest will continue to be the largest independently-owned full service real estate firm in this area, but this partnership with C-III will make us even more competitive both nationally and internationally”, said Patrick Mahoney (top right photo), president.
The transaction will help create a leading fully integrated commercial property services company that will operate in markets around the world. Locally based NAI Realvest is the central Florida 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 chief executive officer Andrew L. Farkas (middle left photo), 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.
“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, (lower left photo) president and chief executive officer of NAI Global.
Contact:
Patrick Mahoney,
President
NAI Realvest
Tel: 407-875-9989
Email: pmahoney@realvest.com
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