Cush & Wake takes over TAG.Cushman Cushman is a manufacturer of industrial vehicles, personal vehicles, and other custom vehicles, including parking patrol auto rickshaws. Models Haulster (Small industrial multi-purpose truck) Bellhop Series (Golf Carts) Tug(Large Truck) & Wakefield Wakefield, estate, United States Wakefield, family estate of George Washington, on the Potomac River, E Va.; part of the George Washington Birthplace National Monument (see National Parks and Monuments, table). President, U.S. Operations Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. E. Mosler announced that Cushman & Wakefield and The Apartment Group (TAG) have announced their intention to merge their multi-family brokerage operations to form a new entity, The Apartment Group, a Cushman & Wakefield company. The two companies signed a letter of intent on Jan. 3. The combined sales of multi-family property of the two companies over the last 24 months exceeds $2 billion. The new venture will be headquartered in Atlanta. "Apartment ownership plays an increasingly important role in institutional portfolios. For example, Lend Lease, one of the nation's largest pension fund advisory companies and one of our clients, intends to purchase $1 billion in apartments during 2001," said Mosler. "This merger greatly enhances our ability to serve our existing client base and will play an important role in our plans to grow and diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. our business." "Taking TAG's proven business model, which has made it so successful in the Southeast, and applying it nationally to C&W's multi-family operations affords us an opportunity to more fully capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the strong and growing multi-family market," said Cushman & Wakefield President, Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , Len Helbig, who will oversee the group's operations. "Our plan is to strengthen and to build our capabilities in all of our key regional operations." "We have built a very successful apartment brokerage business here in the Southeast. Merging our operations with Cushman & Wakefield will provide us with the ability to build a truly national company quickly," said Evan D. Jennings, a TAG principal. "The Apartment Group, with its foundation in Atlanta, dramatically improves our multi-family capability virtually overnight," said Mike Elting, senior managing director and branch manager of Cushman & Wakefield of Georgia Georgia, country, Asia Georgia (jôr`jə), Georgian Sakartvelo, Rus. Gruziya, officially Republic of Georgia, republic (2005 est. pop. 4,677,000), c.26,900 sq mi (69,700 sq km), in W Transcaucasia. Inc. "The addition of TAG's principals and entire staff bring a new dimension to our Southeast capabilities." "From our Orlando base, we will soon expand to Northern and Southern Florida. We expect to double our business in Florida," said Cole Whitaker, an Orlando TAG partner. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion