Transwestern Acquires Forte Real Estate Partners
The firm is expanding its brokerage and property management platform in the Twin Cities.
Transwestern has acquired Forte Real Estate Partners, expanding its brokerage and property management platform in the Twin Cities. The acquisition adds 12 professionals to the company’s tenant advisory platform along with a property management portfolio totaling nearly 1 million square feet.
Founded in 2021 through the merger of Excelsior Advisory and Paramount Real Estate Corp., Forte specializes in health-care, office and industrial real estate brokerage and property services across the Minneapolis-St. Paul market. Since its formation, the company has advised clients on more than $885 million in commercial real estate transactions.
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Forte founders Steve Brown, Jim Jetland and Philip Simonet will join Transwestern. Brown will become part of the firm’s Minneapolis health-care group, while Jetland and Simonet will continue supporting the growth of its office and industrial tenant advisory business.
Following the acquisition, Transwestern will have approximately 475 employees across the Midwest and oversee more than 52 million square feet of office, industrial, health-care, retail and government properties. The Forte team will relocate to its Minneapolis office at 705 Marquette Ave. S.
Transwestern strengthens midwestern presence
The transaction strengthens Transwestern’s presence in the Minneapolis-St. Paul market as brokerage firms continue to expand sector-specific expertise through acquisitions, particularly in health-care and industrial real estate.
Commercial real estate’s mergers and acquisitions activity is surging in 2026, supported by recovering debt markets, abundant private capital and a broader acceptance of the current interest-rate environment. After a slower 2025, dealmaking is likely to center on public-to-private transactions, recapitalizations, portfolio sales and platform-level deals, with well-capitalized investors targeting assets and companies trading at discounts to underlying value.
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