Colliers elevates U.S. multifamily presence

Executive Summary

• Colliers (NASDAQ and TSX: CIGI) announced the acquisition of Greystone Sales Group, LLC (“GREA Dallas”), a prominent multifamily investment sales firm based in Texas.
• The transaction details, including financial consideration, were not disclosed.
• The acquisition aims to strengthen Colliers' national multifamily capital markets strategy by leveraging the expertise of GREA Dallas’ 25 professionals.

Key Details

• Acquirer: Colliers (NASDAQ and TSX: CIGI).
• Target: Greystone Sales Group, LLC (“GREA Dallas”).
• Target Profile: A prominent multifamily investment sales firm in Texas with 25 professionals serving private and institutional investors nationwide.
• Strategic Rationale: To elevate Colliers' national presence in multifamily capital markets, capitalizing on Dallas' strong economic fundamentals, population growth, and investment activity.
• Transaction Terms: Details of the transaction were not disclosed.

Notable Quotes

• Gil Borok, President & CEO, U.S. & LATAM at Colliers: “Dallas continues to be one of the most dynamic multifamily markets in the country... The GREA Dallas team brings deep expertise and a proven track record, and allows us to further elevate our presence nationally and deliver best-in-class service.”
• Todd Franks, Chairman and Founding Partner of GREA Dallas: “We are thrilled to become part of a firm that has an exceptional record as one of the world’s most respected real estate service businesses... Joining Colliers enhances our ability to deliver unparalleled service across the multifamily real estate sector in Texas and nationally.”