Thursday, 1 November 2018

One of Chicago’s biggest resi brokerages sold stake to PE firm

@properties, Chicago’s highest-performing locally-based residential brokerage by volume, quietly sold a portion of the company to a Virginia-based private equity firm, The Real Deal has learned. A Federal Trade Commission filing did not say how large a stake Quad-C Partners bought in the brokerage, or how much the Charlottesville-based firm paid to acquire it. A spokesperson for @properties declined to share either figure. The deal occurred in April, according to the commission. Quad-C lists “majority […]



source https://therealdeal.com/chicago/2018/11/01/properties-one-of-chicagos-top-resi-brokerages-sold-stake-to-pe-firm/#new_tab

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