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. Financial terms were not disclosed for the deal, which is expected to close in Q3 this year.
According to reports, Rockwood's senior leadership team will retain the balance of equity in the investment firm and continue to lead the firm under a partnership agreement.
Rockwood's portfolio includes multifamily, office, mixed-use, life science, hospitality and retail properties.
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