CBRE Enhances Texas Market Leadership with Acquisition of REATA Real Estate
08 Nov 2019
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.”
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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.