GWL Realty Advisors acquires EverWest Real Estate Partners
Great-West Life has reported that GWL Realty Advisors (GWLRA), through its U.S. subsidiary, has acquired the business of EverWest Real Estate Partners, a privately held real estate investment management and operating company headquartered in Denver.
The acquisition is a strategic move to build on GWLRA’s long-term strategy to establish a global investment platform to serve its investor clients. Terms of the transaction were not disclosed.
EverWest currently manages a real estate portfolio of office, industrial and multi-residential assets in key U.S. markets. Rick Stone, EverWest president and CEO, along with his leadership team will continue to oversee the business.
“The acquisition of EverWest provides us with a real estate platform in the U.S. and opens up investment opportunities for our clients,” said Paul Finkbeiner, president, GWL Realty Advisors.
“We welcome the acquisition by GWL Realty Advisors as this transaction supports our vision of evolving our business to support the growing needs of domestic and international customers. Together, we are well positioned to meet the future needs of our mutual customers,” said Stone.
GWL Realty Advisors is a real estate investment adviser providing comprehensive asset management, property management, development and specialized real estate advisory services to pension funds and institutional clients. The firm is a subsidiary of The GreatWest Life Assurance Company.