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Colliers to Acquire Majority Stake in US Real Estate Investment Firm Rockwood Capital.

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MANews-(C)2009-2022

Canadian professional services and investment management company Colliers (NASDAQ: CIGI) (TSX: CIGI) has entered into a definitive agreement to invest in US real estate investment management firm Rockwood Capital, LLC, the company said.

The transaction is subject to customary closing conditions and approvals and is expected to close in 3Q22.

Financial terms of the transaction were not disclosed.

Headquartered in New York, with offices in Los Angeles and San Francisco, Rockwood specializes in equity and credit investments across multifamily, office, mixed use, life science, hospitality, and retail asset classes across North America.

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.

Since then, Rockwood's long tenured and experienced investment team has delivered superior returns and excellent client service through numerous market cycles.

Rockwood invests across the capital stack through its series of flagship closed-end value-add, core/core-plus, credit, and long-term development vehicles.

Rockwood's investors include many of the world's largest public and private pension plans, sovereign wealth funds, endowments, foundations, insurance companies, and high-net worth individuals and their families.

Colliers will acquire a 65% stake in Rockwood, with the...

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