On August 30, 2011 C-III Capital Partners LLC announced that it had acquired the commercial real estate special servicing and CDO management businesses of real estate investment manager JER Partners.
On August 30, 2011 C-III Capital Partners LLC announced that it had acquired the commercial real estate special servicing and CDO management businesses of JER Partners. JER, a private real estate investment management company, is the named special servicer for approximately $35.5 billion of commercial real estate loans, approximately $4 billion of which is currently in special servicing and under active management. JER’s special servicing business will be merged into C-III Asset Management LLC, a wholly owned subsidiary of C-III Capital Partners. After the acquisition C-III will be the special servicer of approximately $152 billion in loans, $17 billion of which are currently in special servicing. C-III Capital Partners is a commercial real estate services company based in Irving, Texas and provides primary and special loan servicing, loan origination, fund management and principal investment services.
To read the press release, please click here.