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. 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. Colliers International Group Inc. (TSX : CIGI) entered into an definitive agreement to acquire Rockwood Capital, LLC on May 4, 2022. M & A Navigator - Latest News You can sign up for additional alert options at any time. Colliers International Group Inc. (TSX : CIGI) entered into an definitive agreement to acquire Rockwood Capital, LLC. Bigger firms will get bigger, taking market share across different services lines.. Copyright 2023 Surperformance. Colliers isnt the only brokerage expanding its offerings and its reach. This press release includes forward-looking statements. Come together with your peers to celebrate the women making a difference in our industry. 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, Colliers co-Chief Investment Officer Zach Michaud said in a statement. Subscribe for original insights, commentary and analysis of the issues facing the financial advice community, from the InvestmentNews team. Colliers Announces . 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. The firm said it expects to draw between $70M and $75M in annual management fee revenue from the Rockwood acquisition. May 6, 2022, 11:15 AM By Holden Walter-Warner SHARE THIS ARTICLE Colliers International is poised to expand its in-house offerings after picking up a majority stake in a major real estate. 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. The firm has $57 billion assets under management, but that will grow by $20 billion once the companys pending transactions close. Berkshire Global Advisors LP acted as financial advisor and Kirkland & Ellis acted as legal advisor to Rockwood. Colliers to invest in leading alternative investment manager Colliers International Group Inc. (TSX : CIGI) entered into an definitive agreement to acquire Rockwood Capital, LLC on May 4, 2022. Forward looking statements contained in this press release are made as of the date hereof and are subject to change. We also expect this partnership to benefit from the combined limited partners across our entire platform due to enhanced product selection, world-class expertise, and top-tier risk-adjusted returns.". Colliers is positioned as one of the worlds leading alternative investment managers with a combined $77 billion in AUM once all announced transactions are completed, said Jay Hennick, Chairman and Chief Executive Officer of Colliers. Rockwood adds new asset classes and scalable products to strengthen and diversify Colliers rapidly growing investment management platform. 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. Learn more atcorporate.colliers.com, Twitter@ColliersorLinkedIn. The property offers unparalleled Miami River access and is listed for $26 million. With over 130 . 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. Automate Third-Party Asset and Portfolio Reporting. This content is for members only. Brokerage to expand real estate credit business. In January, Colliers agreed to acquire 75% of Basalt Infrastructure Partners, a trans-Atlantic investment management firm with offices in London and New York. Find everything from its Valuation, Future Growth, Past Performance and more. Christian MayerChief 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's values and culture align strongly with ours and we are delighted to welcome this exceptional team of professionals into our organization. Colliers International Group Inc. completed the acquisition of controlling stake in Rockwood Capital, LLC for USD 0.19 million. Two U.S. Government Agencies Insist Workers Return to the Office, A Look at the Barriers Women Face in Securing Capital, Making CRE Investments, Kyle Matthews: 2023 Is a Career-Defining Moment for Brokers, Unlimited access to GlobeSt and other free ALM publications, 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. Colliers Int'l to acquire 65% share of Rockwood Capital After submitting your request, you will receive an activation email to the requested email address. One reason for greater confidence was the expectation of added revenue from new acquisitions, including the January purchase of the British-based infrastructure investment management firm Basalt Infrastructure Partners, CoStar said. 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. All rights reserved. We use the term assets under management ("AUM") as a measure of the scale of our Investment Management operations. Learn more about Rockwood Capital in commercial real estate. In 2020, the company acquired Dougherty, whose subsidiaries provide loan servicing and mortgage lending, and Maser Consulting, an engineering and design consulting firm. Damian Jacobs on LinkedIn: Kirkland Advises Rockwood Capital on Kirkland & Ellis advised Rockwood Capital, a leading US real estate investment management firm with more than $12 billion of assets under management, on its definitive agreement with Colliers (NASDAQ and TSX: CIGI) pursuant to which Colliers will acquire a 65% stake in Rockwood, with the balance of the equity retained by Rockwood's senior leader. 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. Rockwood's history dates to the early 1990s when the firm's founders served as real estate advisors to the Rockefellers, Olayans, and other prominent, global investors. Home; Commercial Real Estate. We use the term assets under management (AUM) as a measure of the scale of our Investment Management operations. Request academic re-use from This is the latest step in our ambitious growth strategy to build a world-class investment management platform within Colliers. Colliers to invest in leading US real estate investment firm Colliers CEO Jay Hennick said the acquisition was part of the companys growth strategy to build a world-class investment management platform.. JLL has leaned heavily into proptech, acquiring a proptech platform that optimizes building control systems using artificial intelligence in January and launching its own algorithm-powered valuation tools in the spring. CIM Group Sells Austin Office Building. With private real estate benefitting from macro tailwinds, we anticipate a continued increase in investor allocations to high-quality firms like Rockwood. This mission is greatly enhanced by partnering with the talented team at Colliers,"said Tyson Skillings, Rockwood's Managing Partner. Rockwood Capital, LLC is a leading private real estate investment firm with offices in Los Angeles, San Francisco, and New York City. 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. 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 . Sidley Austin acted as legal advisor to Colliers. Colliers International Group Gets TSX Nod for Normal Course Issuer Bid. Colliers to buy 65% stake in US real estate investment firm Rockwood We are excited to partner with Rockwoods strong leadership team who have had a long and distinguished track record of success. Dive into this Q2 Quarterly Index to find out now and what may lie ahead. Colliers Acquiring Majority Stake in Rockwood - The Real Deal Colliers isinvesting an undisclosed sum into real estate investment management firm Rockwood Capital, acquiring a 65% stake in the firm, it announced Wednesday. 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. 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. Sidley Austin acted as legal advisor to Colliers. Colliers Acquires $6B Asset Management Firm In Push To Add Recurring Revenue.

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