{"id":1004606714,"date":"2022-10-13T02:30:11","date_gmt":"2022-10-13T10:30:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004606714"},"modified":"2022-12-09T01:11:52","modified_gmt":"2022-12-09T09:11:52","slug":"colliers-further-expands-investment-management-offerings","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/colliers-further-expands-investment-management-offerings\/","title":{"rendered":"Colliers Expands Investment Management Footprint"},"content":{"rendered":"<div id=\"attachment_1004547676\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/hands-3127297_1920.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004547676\" data-attachment-id=\"1004547676\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/equity-commonwealth-sweetens-offer-for-monmouth-merger-a-bit\/hands-3127297_1920\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/hands-3127297_1920.jpg\" data-orig-size=\"801,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"hands-3127297_1920\" data-image-description=\"&lt;p&gt;https:\/\/pixabay.com\/zh\/photos\/hands-shaking-hands-company-3127297\/&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Photo by Gerd Altman from Pixabay&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/hands-3127297_1920.jpg?w=801\" class=\"wp-image-1004547676 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/hands-3127297_1920.jpg?w=300\" alt=\"\" width=\"300\" height=\"232\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/hands-3127297_1920.jpg 801w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/hands-3127297_1920.jpg?resize=300,232 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/hands-3127297_1920.jpg?resize=768,594 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004547676\" class=\"wp-caption-text\">Photo by Gerd Altman from Pixabay<\/p><\/div>\n<p>Just months after acquiring a 65 percent stake in <strong>Rockwood Capital<\/strong>, CRE services powerhouse <strong>Colliers<\/strong> continues expanding its investment management business with the acquisition of a controlling interest in <strong>Versus Capital<\/strong>, a leading U.S. alternative real asset management firm with more than $6 billion of assets under management. <strong>Berkshire Global Advisors<\/strong> acted as financial advisor to Versus.<\/p>\n<p>With the closing of both transactions, Colliers\u2019 investment management operations will oversee about $87 billion in assets under management. Jay Hennick, chairman &amp; CEO of Colliers, said in a prepared statement almost $70 billion of the AUM will be either perpetual or long-dated strategies, which will further strengthen the firm\u2019s future recurring revenues.&nbsp;Financial terms of both deals were not disclosed.<\/p>\n<h2>Seeded in June<\/h2>\n<p>In June, Colliers announced that it had entered into a definitive agreement to acquire a 75 percent ownership interest in Versus, a Denver-based company that offers alternative real asset investment solutions through actively managed, perpetual-life funds that have consistently produced attractive investment returns over time. The balance of the ownership is being retained by Versus\u2019 co-founders and senior leadership team, who will continue to lead the business under Colliers\u2019 perpetual partnership model that provides long-term alignment and stability for investors. All non-active shareholders sold 100 percent of their interests in the firm. Founded in 2010, Versus specializes in real estate, infrastructure, farmland and timberland investments in public and private markets.<\/p>\n<p>The Versus-related announcement came one week before the <a href=\"https:\/\/www.commercialsearch.com\/news\/colliers-to-buy-majority-stake-in-rockwood-capital\/\">investment in Rockwood<\/a>, a leading U.S. real estate investment management firm with more than $12 billion of assets under management, was completed.&nbsp;Rockwood engages in equity and credit investments across multifamily, office, mixed-use, life science, hospitality and retail properties in North America. It also invests across the capital stack through a series of closed-end value-add, core\/core-plus, credit and long-term development vehicles. When the purchase was announced, Zach Michaud, Colliers\u2019 co-chief investment officer, said in prepared remarks the partnership would expand the Canadian-based company\u2019s operations in the U.S. and add several new asset classes and strategies, including capabilities in the growing real estate credit space.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has taken a controlling stake in Versus Capital.<\/p>\n","protected":false},"author":1068,"featured_media":1004547676,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,23891,21742],"tags":[36720,35498,40380],"class_list":["post-1004606714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-national","category-latest","tag-berkshire-group","tag-colliers","tag-jay-hennick"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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