NAI Global Now Has Closer Ties to Cap Markets Sibling
- May 05, 2016
New York—In what the two companies are calling a “combination,” NAI Global, a CRE services firm with offices across North and Latin America, Europe, and Asia/Pacific, has joined operations with C-III Realty Services, an institutional CRE capital markets firm with offices in New York, Dallas and Nashville.
As of Tuesday, NAI Global president Jay Olshonsky explained to Commercial Property Executive, C-III Realty Services became NAI Global Capital Markets. NAI Global had been acquired by C-III Capital Partners in January 2012, Olshonsky pointed out, so both companies, or at least all of their offices and personnel, will continue operating under parent entity C-III Capital Partners. No money changed hands in the reorganization process, which was driven by “a lot of legalities,” he said.
NAI Global has more than 375 brokerage offices and 6,700 professionals, while C-III Realty Services, which was established in December 2010, has “a growing team of 25 capital markets professionals,” according to the announcement.
“By combining C-III Realty Services’ experienced institutional capital markets team with NAI Global’s deep local market expertise and coverage, we have made NAI Global a far more powerful, seamless commercial real estate services provider able to meet the needs of the country’s largest institutional owners of commercial real estate,” Geoffrey Woodward, chairman of NAI Global, said in a prepared statement.
Woodward is also a senior managing director of C-III Capital Partners and the former president of C-III Realty Services, based in Nashville.
“This combination is another step in our long-standing strategic objective to scale NAI Global and enhance our stature as an industry leader,” Olshonsky said in the prepared statement. “We are now even more strongly positioned to compete head-on in both size and full-service capabilities with the largest firms in commercial real estate services.”
Inclusive of C-III Realty Services, NAI Global will have completed more than 2,000 investment sales transactions, totaling about $16 billion, over the last five years. NAI Global also manages more than 380 million square feet of property on behalf of its clients, globally.