Search
 

Helios AMC Acquires The Situs Cos.

NEW YORK CITY-Steve Powel, president of Situs’ North American operations, tells GlobeSt.com that the merger was a "perfect fit.

By Jacqueline Hlavenka | Updated on October 07, 2011

NEW YORK CITY-After a year-long search for a strategic partner, special servicer Helios AMC has acquired Houston-based global real estate advisory firm the Situs Cos. Following the merger, the combined company will operate under the Situs Cos. name and will employ more than 400 professionals across the United States and Europe.

The move will combine Situs’ multi-discipline commercial real estate services platform with Helios AMC’s experience in special servicing, asset management and distressed debt acquisition and resolution. “Helios is very well-regarded in the industry as a premier special servicer in the CMBS space, Situs has been one of the largest primary and special portfolio servicers and due diligence providers,” Steve Powel, who is now serving as president of Situs’ North American operations, tells GlobeSt.com. “We felt that the opportunity for the Situs brand was much greater which necessitated collaborating with a strategic partner.  Helios was a perfect fit for us because there wasn’t any overlap, and the single-most important thing was that we were not going to lose our third party independence.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.