Colliers completes investment in leading alternative investment manager

Rhea-AI Summary

On October 12, 2022, Colliers (NASDAQ and TSX: CIGI) completed its acquisition of a controlling interest in Versus Capital, a U.S. alternative real asset management firm managing over $6 billion in assets. This strategic move strengthens Colliers’ global wealth distribution capabilities, increasing its total assets under management to $87 billion. Colliers operates in 63 countries and employs 17,000 professionals, achieving $4.5 billion in annual revenues and a notable 20% compound annual return for shareholders over 27 years.

Positive

• Acquisition of Versus Capital enhances global private wealth distribution capabilities.
• Total assets under management increased to $87 billion.
• Colliers has a strong track record with 20% compound annual returns for shareholders.

Negative

• None.

TORONTO and DENVER, Oct. 12, 2022 (GLOBE NEWSWIRE) -- Leading diversified professional services and investment management firm Colliers (NASDAQ and TSX: CIGI) announced today the completion of its previously announced acquisition of a controlling interest in Versus Capital (“Versus”), a leading U.S. alternative real asset management firm with over $6.0 billion of assets under management. The acquisition of Versus accelerates Colliers’ global private wealth distribution capabilities and raises total assets under management to $87 billion.

Colliers Contact
Christian Mayer
Chief Financial Officer | Global
(416) 960-9500 

About Colliers

Colliers is a leading diversified professional services and investment management company. With operations in 63 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.5 billion and $87 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

FAQ

What is the significance of Colliers' acquisition of Versus Capital?

The acquisition strengthens Colliers’ global private wealth distribution capabilities and increases its assets under management to $87 billion.

How much does Versus Capital manage in assets?

Versus Capital manages over $6 billion in assets.

What are Colliers' annual revenues?

Colliers reports annual revenues of $4.5 billion.

What is the stock symbol for Colliers?

The stock symbol for Colliers is CIGI.

How long has Colliers been delivering returns for shareholders?

Colliers has delivered compound annual returns of 20% for shareholders over the last 27 years.