Andrew Farkas’ C-III Capital Partners Will Acquire NAI Global

C-III Capital Partners LLC (C-III), a leading commercial real estate company based in Irving, Texas, finalized an agreement today to acquire NAI Global. Andrew Farkas, who leads C-III, was the founder, chairman and CEO of Insignia Financial Group, Inc, a company that managed $12.5 billion in assets at its peak. NAI Global is the largest network of independent commercial real estate firms in the world, with 5,000 employees and 350 offices in the United States alone. The company also has offices in 55 countries worldwide, where it provides a wide array of financial, technological and corporate management services.

NAI Global will continue to operate as an independent company with its own management after the acquisition, but the agreement represents “a tremendous opportunity” for NAI Global, said NAI Chairman Gerald C. Finn. “By teaming up with Andrew Farkas, one of the world’s leading real estate businessmen, we expect NAI will be able to significantly grow its service offerings and present new opportunities to our members,” he said.

Andrew Farkas believes that through the NAI acquisition — as well as other strategic acquisitions — “C-III can substantially exceed Insignia’s success” because of its significantly larger asset base, he said. Today, C-III’s portfolio manages about $150 billion in assets.

Jeffrey M. Finn, president and CEO of NAI Global, is also excited about the acquisition. “The combination with C-III will provide a depth of resources, talent and tools from which we can draw upon to accelerate our growth,” he said. “Rarely do you find partners so perfectly strategically aligned as NAI Global and C-III. This is a natural fit and extremely exciting news for the industry.”