At Colliers International Group Inc., we promise to treat your data with respect and will not share your information with any third party. Multifamily Syndicators Face CRE Debt Exposure, Here is Where Multifamily is Facing the Biggest Tax Increases, Investors More Bullish About Multifamily Than Ever, Expenses Will Likely Still Strain NOIs Even When Inflation Subsides, JP Morgan Buys Banc of Californias Residential Mortgage Portfolio As CRE Loans Become a Distress Opportunity. For more information, please visit https://www.rockwoodcap.com/. Colliers is one of the biggest commercial real estate brokerages in the country. The Investment Management segment operates in the Americas and EMEA. Colliers International Group Inc. (TSX : CIGI) entered into an We use the term assets under management ("AUM") as a measure of the scale of our Investment Management operations. 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. "'We are excited to partner with Rockwood's strong leadership team who have had a long and distinguished track record of success. Financial terms were not disclosed for the deal, which is expected to close in Q3 this year. Colliers Appoints Cho Sung-wook as Managing Director in Korea. About Rockwood Rockwood Capital, LLC is a leading private real estate investment firm with offices in Los Angeles, San Francisco, and New York City. Copyright 2023 Bisnow. This press release includes forward-looking statements. With private real estate benefitting from macro tailwinds, we anticipate a continued increase in investor allocations to high-quality firms like Rockwood. towards a paywall. Subscribe for original insights, commentary and analysis of the issues facing the financial advice community, from the InvestmentNews team. Sidley Austin acted as legal advisor to Colliers. Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. Colliers identified and advised on the opportunity for P3. All rights reserved. Rockwoods values and culture align strongly with ours and we are delighted to welcome this exceptional team of professionals into our organization. CRE services giant Colliers is acquiring a 65% stake in Rockwood Capital LLC, an investment firm with more than $12 billion of assets under its management. Colliers International Group Inc. - News The move to add Rockwoods services to its roster is yet another by a major brokerage to offer more services and expertise under oneumbrella. We use the term assets under management (AUM) as a measure of the scale of our Investment Management operations. . "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. Michaud said Colliers expects investor allocations to real estate to continue to increase because the industry is "benefiting from macro tailwinds.". Sign In Now. This mission is greatly enhanced by partnering with the talented team at Colliers,said Tyson Skillings, Rockwoods Managing Partner. Advisors must become more adept at helping clients to prepare emotionally. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. The firm has $57 billion assets under management, but that will grow by $20 billion once the companys pending transactions close. The Company provides commercial real estate professional services and investment management to corporate and institutional clients in approximately 62 countries. Rockwood adds new asset classes and scalable products to strengthen and diversify Colliers rapidly growing investment management platform. Colliers Expands Investment Management Footprint - CPE - CommercialSearch Colliers Acquiring Majority Stake in Rockwood - The Real Deal Christian Mayer Chief Financial Officer (416) 960-9500. "This merger sees Colliers become the . Asset & Logo Licensing. Rockwood, which also has offices in Los Angeles and San Francisco, makes equity and credit investments in the multifamily, office, mixed-use, life sciences, hospitality and retail property sectors. 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. Colliers ((NASDAQ, TSX:CIGI) is a leading diversified professional services and investment management company. Colliers isnt the only brokerage expanding its offerings and its reach. We're not asking for your money. In connection with this transaction, Berkshire Global Advisors acted as financial advisor and Kirkland & Ellis acted as legal advisor to Rockwood. Will central bank pause again or hike to combat stubborn inflation? Rockwoods values and culture align strongly with ours and we are delighted to welcome this exceptional team of professionals into our organization. With over 130 . Kirkland & Ellis represented Rockwood in the transaction while Sidley advised Colliers.Rockwood Capital, a leading US real estate investment management firm with more than $12 billion. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. Rockwood adds new asset classes and scalable products to strengthen and diversify Colliers rapidly growing investment management platform. Learn more about reprints and licensing for this article. A duo of prime logistics assets called the Javelin portfolio, located in Crick and Kettering have been acquired by P3 from Segro. M & A Navigator - Latest News Colliers is investing an undisclosed sum into actual property funding administration agency Rockwood Capital, buying a 65% stake within the agency, it. Colliers acquires specialty engineering & design firm 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. Selecting the value will change the page content. 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. Research Colliers International Group's (Nasdaq:CIGI) stock price, latest news & stock analysis. Their investment in Rockwood is a recognition of the strength of our franchise, the talent of our professionals, and the positive contributions that we have made to the communities in which we have invested over the past three decades. Use of editorial content without permission is strictly prohibited|All rights reserved. This info brief outlines the benefits of automating your third-party asset management reporting and validating data in real time. In January, Colliers purchased British-based infrastructure investment management firm Basalt Infrastructure Partners, according to Bisnow. "This is the latest step in our ambitious growth strategy to build a world-class investment management platform within Colliers. Kirkland Advises Rockwood Capital on Investment from Colliers In connection with this transaction, Berkshire Global Advisors acted as financial advisor and Kirkland & Ellis acted as legal advisor to Rockwood. Financial terms of the transaction were not disclosed. Rockwood Capital, LLC is a leading private real estate investment firm with offices in Los Angeles, San Francisco, and New York City. The addition of Rockwood demonstrates our continued focus on building scale, expanding on the success of Harrison Street and Colliers Global Investors, executing on the recently announced transaction with Basalt, and capitalizing on the outstanding fundraising momentum we have experienced over the past several years. Its leasing services includes landlord and tenant representation services. With private real estate benefitting from macro tailwinds, we anticipate a continued increase in investor allocations to high-quality firms like Rockwood. Colliers adds top-tier engineering firm Acquisition strengthens Colliers Engineering & Design in Australia TORONTO and SYDNEY, Australia, May 02, 2023 (GLOBE NEWSWIRE) - Global diversified professional services and investment management com. In May, Colliers said in a press release that it signed a definitive agreement to buy a 65% stake in Rockwood Capital, a New York-based real estate investment management firm with more than $12 . 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. 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. Colliers' Acquisition of a 65% Stake in Rockwood Capital. Colliers International (CIGI) Invests in Rockwood Capital Rockwood specializes in equity and credit investments across the multifamily, office, mixed-use, life sciences, hospitality and retail sectors in North America. AUM is defined as the gross market value of operating assets and the projected gross cost of development properties of the funds, partnerships and accounts to which we provide management and advisory services, including capital that such funds, partnerships and accounts have the right to call from investors pursuant to capital commitments. Rockwood: In July 2022, the Company acquired a 65% equity interest in Rockwood, a US real estate investment management firm with $17.1 billion in AUM, as of December 31, 2022. The transaction is expected to close in Q3 of this year. Christian Mayer Chief Financial Officer (416) 960-9500, Energy minister says confident Ukraine will keep lights on this winter, UPDATE 1-Putin says Russia does not reject talks with Ukraine, Musk's X social media platform reinstates Kanye West's account, UPDATE 1-Moroccan economy grew 1.3% in 2022, against 8% in 2021 - central bank, India cuts rice exports, triggering panic-buying of food staple by some Indian expats in the US. 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. Learn more atcorporate.colliers.com, Twitter@ColliersorLinkedIn. Christian MayerChief Financial Officer(416) 960-9500. LPL focus on smaller acquisitions bears fruit, Inflation data fuel markets but economists remain cautious, 401(k)s a better recruiting tool than cash, study says, Why sandwich-generation stresses are weighing on retirement plans, Investors rank climate risk alongside financial disclosures, but theres a big problem. According to reports, Rockwoods senior leadership team will retain the balance of equity in the investment firm and continue to lead the firm under a partnership agreement. 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. The Company provides commercial real estate professional services and investment management to corporate and institutional clients in approximately 62 countries. 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. The transaction is subject to customary closing conditions and approvals and is expected to close in 3Q22. Rockwood Capital, LLC is a leading private real estate investment firm with offices in Los Angeles, San Francisco, and New . Also subscribe to Bisnow's Commercial Real Estate Newsletter, CBRE Reports Negative Cash Flow As Capital Markets Freeze Drags Down Revenues, Up A Creek With A Paddle: Pickleball Concepts Gobbling Up Big-Box Stores Left Vacant By Retailers, Google Parent Signals An End To Massive Real Estate Cutbacks, Office REIT Takes $20M Hit After Refinancing Debt With 9.25% Interest, Double Previous Rate, 'I'll Show You Mine, You Show Me Yours': More Office Tenants Looking At Owners' Books Before Signing Leases, Also subscribe to Bisnow's National Newsletter. 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. Dive into this Q2 Quarterly Index to find out now and what may lie ahead. Sidley Austin acted as legal advisor to Colliers. 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. In Rockwood, Colliers would acquire a majority stake in a firm whose investors include large public and private pension plans, sovereign wealth firms, foundations, insurance companies and high-net-worth individuals. Colliers is one of the most respected names in real estate globally. 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. Copyright 2023 Surperformance. May 05 + 1 more update. TORONTO and NEW YORK, May 04, 2022 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management company, Colliers 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. corporate.colliers.com, Twitter @Colliers or LinkedIn. Do Not Sell My Personal Data/Privacy Policy. Colliers completes acquisition of Dougherty - CRE Herald 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. You must click the activation link in order to complete your subscription. Colliers' acquisition of a majority stake in Basalt, which invests in the utility, transportation, communications and energy sectors in Europe and North America, is expected to close later this year. 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. 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.". The industrys frustration is understandable. 2023 Benzinga.com. . For additional information about Colliers, contact us at investorrelations@colliers.com or +1 416-960-9500. 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. Copyright 2023 ALM Global, LLC. Colliers has completed its previously announced acquisition of a controlling interest in Pangea Property Partners, a capital markets advisor in Sweden and Norway. 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. Download this eBook to find ways to reduce 2-4% in costs across your real estate lease portfolio. Its outsourcing and advisory services consist of project management, engineering and design, valuation services, property management, as well as loan servicing. ex_474562.htm - SEC.gov Colliers to invest in leading US real estate investment firm Forward looking statements contained in this press release are made as of the date hereof and are subject to change.