CBRE Group, Inc. Advises CWCapital on $2.5 Billion Mortgage Loan and Real Estate Asset Portfolio Sale

Business Wire

LOS ANGELES--(BUSINESS WIRE)--

CBRE Group, Inc. (CBG) today announced that its National Loan Sale Advisory Group advised CWCapital Asset Management LLC (CWCAM) on the sale of a portfolio of 62 mortgage loans and real estate assets for a combined $2.5 billion notional principal balance.

The portfolio, consisting of office, retail and hospitality assets across the United States, was stratified into three pools and further subdivided into nine sub-pools, and was ultimately sold through 13 separate closings. More than 150 U.S. and international firms submitted offers, and investors had the ability to bid on the entire portfolio, pools, sub-pools, select individual assets or a combination thereof.

The transaction was led by CBRE’s Patrick Arangio, Dave Dorros, Jack Howard and Kurt Altvater, with collaboration from 30 separate CBRE Brokerage Services teams. In addition, professionals from CBRE’s Valuation and Advisory Services and Financial Consulting groups and GEMSA Loan Servicing, a joint-venture between CBRE and GE Real Estate, assisted in the transaction.

“The successful results of this transaction show the true power of collaboration and reinforce the benefits of CBRE’s proven sale process and industry leading platform,” said Mr. Arangio, Vice Chairman of CBRE’s National Loan Sale Advisory Group. “The results also underscore the ongoing strong demand for real estate assets as property values continue to recover.”

About CBRE Group, Inc.

CBRE Group, Inc. (CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

Contact:
CBRE Group, Inc.
Robert McGrath, 212.984.8267
robert.mcgrath@cbre.com

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