Covius acquires RR Donnelley's real estate business
Former Congressman Edward Feighan appointed as CEO
Covius acquired the Global Real Estate Services (GRES) group from RR Donnelley & Sons, where it will maintain its core competency to provide commercial and residential real estate advisory products and services to the financial markets.
The newly-formed company will have offices in Atlanta, Los Angeles and Salt Lake City, according to a company statement.
The new engagement of the prior GRES management team, formerly known as Office Tiger and Mortgage Ramp, will continue to provide meaningful and innovative products and services for many of the Fortune 500 clients it has served for more than a decade.
“Through this transaction, we have the good fortune of acquiring an industry-leading real estate advisory services company with a superior management team, each having a minimum of 20 years of relevant experience.” Little said.
“The real estate market has experienced profound changes in the last few years. Our clients, now more than ever, continue to come back to us as a trusted source of intelligence to navigate the new and evolving landscape,” he added.