Commercial/Multifamily Briefs July 7, 2022

EQT Exeter Acquires Redwood Capital Group

EQT AB agreed to acquire Redwood Capital Group, a residential core plus and value-add investment manager headquartered in Chicago.

Founded in 2007 by David Carlson and Mark Isaacson, RCG is a vertically integrated core plus and value-oriented residential investment management firm, experienced in acquisition, asset management, construction management and property management. RCG, which has 35 corporate employees, has executed 79 multifamily investments in high-growth U.S. markets, including 48 realized investments that achieved in excess of 2x equity returns across more than 22,000 units. RCG investments comprise deal-by-deal joint ventures on behalf of multiple institutions.

Colliers to Invest in Alternative Investment Manager Versus Capital

Colliers, Toronto, agreed to acquire a significant equity interest in Versus Capital, Denver, an alternative real asset management firm with $6 billion of assets under management. The firms expect the transaction to close in the fourth quarter.

Founded in 2010, Versus offers alternative real asset investment solutions through actively managed, perpetual-life funds that have produced attractive investment returns over time. As part of its new partnership with Colliers, Versus expects to expand its investment offerings and capitalize on the Colliers investment management platform.

Colliers will acquire a 75 percent ownership interest in Versus, with the balance being retained by Versus’ co-founders and senior leadership team, who will continue to lead the business.