Caddo Creek Capital, a life insurance company unit of LLREI, is included in the acquisition. It is the exclusive originator of commercial mortgages ranging between $5 million and $20 million for New York-based Teachers Insurance and Annuity Association (TIAA). Caddo originated more than $2 billion in mortgages for TIAA and anticipates generating originations of about $400 million annually.

Also included in the purchase is a 50% interest in Hyperion GMAC Capital Advisors, a joint venture partnership with New York-based Hyperion Capital Management. As of June 30 this year, Hyperion GMAC had approximately $1.6 billion in assets under management.

GIA is an investment advisory that specializes in commercial real estate equity and debt investment. It is subsidiary of GMAC Commercial Mortgage Corp., also based here. The acquired businesses come under the management of GIA's fixed income advisory group, adding diversity to GIA's clients' investment options.

In an unrelated agreement, locally based GMAC Mortgage Corp., gains four credit union clients: Scott Credit Union in Mobile, AL; Bay Atlantic Credit Union in Vineland, NJ; Georgia Coastal Federal Credit Union in Brunswick, GA, and Atlantic Greyhound Federal Credit Union in Charleston, WV. "We expect to announce several more relationships soon," says Peter Conners, VP of affinity lending for GMAC Mortgage.