Acquisition of NAI Global Bolsters C-III’s Market Presence

June 22, 2011
By Allison Landa, News Editor

Courtesy Flickr Creative Commons user toolstop

C-III Capital Partners L.L.C.’s commitment to acquire commercial real estate firm network NAI Global may not result in dramatic outward changes to NAI, it remains a major real estate deal that broadens C-III’s profile in the marketplace.

The transaction is expected to close in the third quarter; financial terms were not disclosed.

Following the acquisition, NAI – whose network comprises 5,000 employees and 350 offices in the U.S. as well as 55 countries worldwide – will continue to operate as a separate company. The firm provides corporate, financial, technology and project management services.

According to C-III head Andrew Farkas, the firm will use its asset base along with strategic acquisitions such as NAI, to create a completely diversified real estate services firm. He added that this tactic proved successful for Insignia Financial Group Inc., which he founded and where he served as chairman & CEO. At the peak of its success, Insignia oversaw $12.5 billion in assets. Today C-III’s portfolio encompasses $150 billion in assets.

Insignia merged with CB Richard Ellis in 2003.

C-III launched in March 2010 with the purchase of Centerline Capital Group’s institutional real estate debt fund management and commercial loan servicing business. It has since expanded to include mortgage origination, investment sales and title insurance busineses, along with expanding its principal investment, loan origination fund management and primary and special loan servicing businesses.

Earlier this week, NAI entered into a strategic alliance with real estate valuation provider JAJ Consultants. Through the partnership, JAJ will provide consulting services focused on the Middle East and Asia-Pacific regions.

Stay tuned as CPE provides updates on this breaking story.