CBRE Group, Inc. announced the acquisition of REATA Real Estate, a leading full-service real estate firm in Texas with a focus on retail, office, medical office, and land. The acquisition enhances CBRE’s position as the leading provider of commercial property leasing, sales and management services in the growing San Antonio market.
Founded in 2001, REATA has approximately 45 professionals and serves clients across Central and South Texas.
“REATA complements our retail, office, and medical office leasing and property management offering, as well as our investment properties and land brokerage business in San Antonio,” said Michael Caffey, President, South-Central Division and Latin America, CBRE. “We expect to leverage REATA’s talented professionals and client relationships to increase our market share throughout Central and South Texas as well.”
“We have worked hard to deliver extraordinary service to our clients and joining CBRE enables us to meet their needs, in more markets and across more services, than ever before,” said Michael Jersin, CEO and Partner, REATA. “We have had a strong relationship with CBRE’s San Antonio leadership for a long time and share CBRE’s cultural values. We are excited to join CBRE.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com. We routinely post important information on our website, including corporate and investor presentations and financial information. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Such disclosures will be included in the Investor Relations section of our website at https://ir.cbre.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, Securities and Exchange filings and public conference calls and webcasts.
