{"id":1004606884,"date":"2022-10-14T03:02:00","date_gmt":"2022-10-14T11:02:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004606884"},"modified":"2022-12-08T19:06:02","modified_gmt":"2022-12-09T03:06:02","slug":"colliers-expands-management-business-with-arcadia-equity-buy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/colliers-expands-management-business-with-arcadia-equity-buy\/","title":{"rendered":"Colliers Expands Property Management Business"},"content":{"rendered":"<div id=\"attachment_1004606886\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/scott-graham-OQMZwNd3ThU-unsplash-e1665744026476.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004606886\" data-attachment-id=\"1004606886\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/colliers-expands-management-business-with-arcadia-equity-buy\/scott-graham-oqmzwnd3thu-unsplash-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/scott-graham-OQMZwNd3ThU-unsplash-e1665744026476.jpg\" data-orig-size=\"1029,771\" 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;0&quot;}\" data-image-title=\"Photo by Scott Graham via unsplash.com\" data-image-description=\"&lt;p&gt;https:\/\/unsplash.com\/photos\/OQMZwNd3ThU&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Photo by Scott Graham via Unsplash.com&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/scott-graham-OQMZwNd3ThU-unsplash-e1665744026476.jpg?w=1024\" class=\"wp-image-1004606886 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/scott-graham-OQMZwNd3ThU-unsplash-e1665744026476.jpg?w=300\" alt=\"https:\/\/unsplash.com\/photos\/OQMZwNd3ThU\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/scott-graham-OQMZwNd3ThU-unsplash-e1665744026476.jpg 1029w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/scott-graham-OQMZwNd3ThU-unsplash-e1665744026476.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/scott-graham-OQMZwNd3ThU-unsplash-e1665744026476.jpg?resize=768,575 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/scott-graham-OQMZwNd3ThU-unsplash-e1665744026476.jpg?resize=1024,767 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004606886\" class=\"wp-caption-text\">Photo by Scott Graham via Unsplash.com<\/p><\/div>\n<p><strong>Colliers<\/strong> continues to expand the firm\u2019s national property management business with the acquisition of a controlling interest in <strong>Arcadia Management Group Inc.<\/strong>, a commercial real estate firm focused on southwestern markets.<\/p>\n<p>The firm will operate under Colliers\u2019 partnership model, with Arcadia\u2019s senior leadership retaining a direct equity stake. Financial details of the deal were not disclosed.<\/p>\n<p>Set to rebrand under Colliers\u2019 name, Arcadia\u2019s team of 150 professionals provide a wide variety of services, such as property management and accounting, construction and energy management, as well as due diligence. The firm\u2019s management portfolio encompasses 24 states across the U.S., totaling 60 million square feet of office, industrial and retail properties.<\/p>\n<hr \/>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/colliers-further-expands-investment-management-offerings\/\">Colliers Expands Investment Management Footprint<\/a><\/p>\n<hr \/>\n<p>Arcadia has operated as an independent firm for 36 years. Its partnership with Colliers, which has an operating platform with national and global capabilities, will enable Arcadia to better meet the needs of its client base, as both firms share a collaborative and entrepreneurial culture, said Gary Shaw, regional managing director &amp; partner of Colliers Real Estate Management Services in Arizona, Utah and Austin, Texas, in prepared remarks.<\/p>\n<p>The acquisition of the controlling interest in Arcadia will further expand Colliers\u2019 management portfolio, which now includes 2 billion square feet of assets under management, totaling $87 billion in value and operating in 63 countries.<\/p>\n<p>The announcement of the deal, which is part of the company\u2019s expansion strategy, comes just days after news that Colliers acquired a controlling interest in\u00a0Versus Capital, and a few months after the firm unveiled its plan to buy a <a href=\"https:\/\/www.commercialsearch.com\/news\/colliers-to-buy-majority-stake-in-rockwood-capital\/\">65 percent stake in Rockwood Capital\u00a0LLC<\/a>, which has $12 billion of assets under management.<\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arcadia\u2019s leadership will retain an equity stake following the rebranding. <\/p>\n","protected":false},"author":2703,"featured_media":1004606886,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21783,23891,21742],"tags":[44390,35498],"class_list":["post-1004606884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-national","category-latest","tag-arcadia-management-group","tag-colliers"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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