HOUSTON-An international investment group, led by real estate veteran Arnold K. Altsuler, has acquired 27-year-old Yancey-Hausman Interests Inc. Named as CEO, Altsuler is planning to build a portfolio of US brokerage and development firms, with acquired companies keeping their brands in play in their markets, just like Yancey-Hausman will do in Texas.

Altsuler most recently was CEO of Coldwell Banker Commercial Uptown in Houston. When his company was sold to Coldwell Banker United in late 2007, he sought a new acquisition opportunity.

“When I learned that Bill Yancey was trying to retire, I made the call. We went in and ultimately bought the company,” Altsuler says. His partners are from Eastern Europe and the UK and are involved in oil and gas. “We have significant resources and a lot of options to move ahead,” he says.

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