USAA Real Estate and Square Mile Capital announced the next era of a comprehensive strategic alliance launched in 2012.
Effective April 1, USAA Real Estate completed the long-planned acquisition of the remaining interest in the company initially owned by co-founders Craig Solomon and Jeff Citrin. Simultaneous with this strategic ownership consolidation, Solomon assumed an ownership interest in the combined USAA Real Estate/Square Mile platform and was appointed to USAA Real Estate’s board of directors.
Solomon will continue leading the business as CEO of Square Mile Capital, while also playing a larger role leading various strategic initiatives that span the overall platform. In addition, Square Mile Capital will maintain its current executive leadership team and its board of directors. Citrin will remain on the investment committees for Square Mile’s legacy fund vehicles and serve in a senior adviser capacity.
