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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