Tuesday, February 21, 2012

Acquisition of NAI Global by C-III Capital Partners in Complete Local affiliate NAI Norwood Group to benefit from acquisition.

Bedford, NH – NAI Norwood Group is the New Hampshire affiliate of NAI Global, the largest network of independent commercial real estate firms worldwide. Today it was announced that its previously reported acquisition by C-III Capital Partners LLC (C-III) has been completed. The transaction will help create a leading fully integrated commercial property services company that will operate in markets around the world.

C-III is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management. C-III is led by CEO Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS). Its principal place of business is located in Irving, TX, and it has additional offices in New York, New York; Greenville, South Carolina; McLean, Virginia; Chicago, Illinois; Dallas, Texas and Nashville, Tennessee.

NAI Global will continue to operate as a separate company under its current management. C-III will accelerate NAI Global’s growth by exploring business development opportunities in strategic locations, including New York, London, Singapore and other primary global business centers. It will also invest in the growth of the corporate solutions and capital markets offering, expanding asset/property management, project/facilities management and valuation services worldwide.

“We are thrilled to be joining forces with C-III and excited about the opportunity to deliver an even broader range of services to our members and add greater value to our collective corporate and investment clients. We look forward to tapping into their extensive resources and expertise to assist all of our clients in strategically optimizing their commercial real estate assets,” said Jeffrey M. Finn, President and CEO of NAI Global.

Founded in 1977 by Gerald Finn, NAI Global has grown from covering 15 countries in 1999 to offering a full, collaborative platform of services to clients in over 350 offices in 55 countries, with over 300 million square feet of commercial space under management.

NAI Norwood Group will still remain locally owned and operated as it has been since 1968. “We are particularly pleased to be part of this dynamic company, which will add significantly to the services we can provide to our clients not only in our local market but Nationally and Internationally as well”. Stated Karl Norwood, President of NAI Norwood Group. The firm has sixteen agents in two offices in Bedford and Portsmouth. The firms focus is on the selling, leasing, consulting and development of third party commercial real estate.

NAI Norwood Group is an affiliate of NAI Global, the world’s leading managed network of independently owned commercial real estate brokerage firms. Whether your commercial real estate needs require local expertise, or you need brokerage consulting around the work, the firm is here to help. With our extensive background and strong local contacts we are able to assist in negotiating leases, sales, investments, relocation, site selection and development. Please contact one of our offices for more information. Bedford, NH (603) 668-7000 or Portsmouth, NH (603) 431-3001.

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