CHICAGO-Realty investment company Transwestern Investment's REIT subsidiary Transwestern Securities Management has been acquired by Harrison Street Real Estate Capital for an undisclosed price.
With the acquisition of REIT business worth $700 million, Harrison Street now manages about $2.7-billion assets. Transwestern Securities' six executives will launch a REIT division at Harrison Street. Jim Kammert and Reagan Pratt, who served as co-portfolio manager and principals at Transwestern, will head the REIT business in the same designations at Harrison Street. For the full story, go to Crain's Chicago Business.
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