CBRE Acquires Leading Provider of Property Tax Payment Services

CBRE Group, Inc. today announced the acquisition of Cold River Land, LLC, a leading provider of property tax payment services for real estate owners and lenders in the United States.

Cold River Land, based in Alpharetta, GA, offers a comprehensive property tax management platform, including document management, data management, appeals, research and monitoring. In addition, its proprietary property tax management system enhances client tax payment capabilities.

“Cold River Land expands our property and transaction tax capabilities, enabling us to provide a holistic approach that meets all our clients’ property tax needs,” said Tom Edwards, Global President of Valuation & Advisory Services (VAS) for CBRE.

Cold River Land’s employees will fully integrate with CBRE’s Property and Transaction Tax Services team within VAS. John Pearson, founder and Managing Partner for Cold River Land, will continue to run the incoming team’s operations as CBRE’s Managing Director, Property Tax Payment Services.

“Since starting our business in 2007, we have been an innovator and leader in the development of property tax payment solutions,” said Mr. Pearson. “By joining forces with the world’s largest real estate services company, we benefit from CBRE’s market-leading platform and can expand our comprehensive property tax management product that allows clients to focus on their business while we manage each parcel from appeal to payment.”