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CenterSquare Investment Management Acquires Real Estate Debt Manager RCG Longview
Thursday 22 August 2019

22 August 2019 - US-based real assets investment manager CenterSquare Investment Management has entered into a definitive agreement to purchase private real estate debt manager RCG Longview, the firm said.

The transaction brings together two real estate managers with strong track records and complementary investment philosophies.

Founded in 1999 and headquartered in New York City, RCG Longview provides debt capital solutions for owners and operators of real estate.

To date, the firm has completed over 550 transactions with a total capitalization of over USD 4bn.

Founded in 1987, CenterSquare Investment Management has approximately USD 11bn in assets under management in US and global listed real estate and infrastructure, and private equity real estate investments.

The acquisition of RCG Longview follows CenterSquare's management buyout from the Bank of New York Mellon in January 2018, in conjunction with Lovell Minnick Partners, a private equity firm focused on financial services companies.

Financial terms of the private transaction were not disclosed. The transaction is expected to be completed by year end 2019.

In connection with this transaction, Berkshire Global Advisors LP acted as financial advisor and Stroock and Stroock and Lavan LLP acted as legal advisor to RCG Longview. Stradley Ronon Stevens and Young, LLP acted as legal advisor to CenterSquare.
Details
Date Published: 22/08/2019
Target: RCG Longview
Country: USA
Sector: Construction/Real Estate
Type: LBO
Financing:
Status: Agreed
Vendor:
Buyer: CenterSquare Investment Management
Buyer Advisor: Stradley Ronon Stevens and Young
Comment:
Terms of the deal were not disclosed

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