On January 25, 2011, the Houston Business Journal reported that Concierge Asset Management LLC, a Houston apartment investor, had agreed to merge with Crossbeam Capital LLC.
On January 25, 2011, the Houston Business Journal reported that Houston apartment investor Concierge Asset Management LLC had agreed to merge with Bethesda, Maryland-based Crossbeam Capital LLC. The combined firm will be known as Crossbeam Holdings LLC and will also be based in Bethesda, Maryland. Crossbeam Holdings, which now has $630 million in real estate assets under management, will focus on the acquisition and redevelopment of multifamily communities in the U.S. Financial terms of the deal were not disclosed.
To read the complete story, please click here.