Asset Manager Buys RE Investment Consultant Townsend Group

Recently, New York-based Northstar Asset Management Group, an investment firm that also runs a number of real estate investment trusts (REITs), acquired The Townsend Group, a real estate consulting firm. Northstar Asset Management bought the 85% stake in Townsend for US$ 380 million from private equity firm GTCR LLC. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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