Sovereign Capital to Purchase Interest in Daymark Realty Advisors

November 12, 2012

On October 18, 2012, Infinity Urban Century, an investment unit of Infinity Group, announced that it had sold its interest in Daymark Realty Advisors to Sovereign Capital Management for an undisclosed sum.  Following the transaction, Sovereign Capital will become the sole owner of Daymark.


On October 18, 2012, Infinity Urban Century, an investment unit of Infinity Group, announced that it had sold its interest in Daymark Realty Advisors to Sovereign Capital Management Inc. for an undisclosed sum.  Following the transaction, Sovereign Capital will become the sole owner of Daymark.  Infinity purchased its interest in Daymark from Grubb & Ellis in partnership with Sovereign Capital in August 2011.  Daymark is the largest asset manager of tenant-in-common properties in the U.S. and its portfolio of commercial real estate properties is valued at approximately $3 billion.  The terms of the transaction were not disclosed. 

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions