Axial Real Estate Advisors Launches in Minneapolis
Dougherty Real Estate Equity Advisors executives acquired and rebranded the firm‘s asset management business as a stand-alone entity, upon recent Colliers International acquisitions.
MINNEAPOLIS, MN – Axial Real Estate Advisors LLC is launching in Minneapolis, MN as a real estate investment and advisory firm.
The company‘s launch is the result of the recent acquisition by Colliers International Group of Dougherty Financial Group’s four affiliate operating companies. Specifically, Colliers acquired Dougherty Mortgage and Dougherty Funding, in order to create a mortgage platform to be called, Colliers Mortgage Holdings LLC, which will be led by Dougherty executive, David Juran as CEO.
Upon the Colliers acquisition, Dougherty Real Estate Equity Advisors management was granted the opportunity to acquire DREA as a stand-alone entity, comprising all asset management business from Dougherty Financial Group.
Working under the newly rebranded firm, Axial Real Estate Advisors, its executives will continue to manage their existing portfolio while pursuing future growth strategies. The company will specialize in acquiring and managing residential and commercial real estate investments for high net worth individuals and family offices. The firm aims to generate risk-adjusted returns for investors and clients on opportunities within select commercial sectors; particularly senior living.
Axial CEO, Andy Deckas will lead the firm with current colleague and partner, Scott Larson, and team members, Karrin May, AJ Smith and Steph Gunkel. In the new venture, the professionals are joined by new partners, Kyle Didier and Paul Maenner. The two partners each hold more than 30 years of industry experience.
Axial’s staff holds collective experience in acquiring, developing, financing and managing more than $20 billion in investment real estate assets.
“Our new structure represents the best of both worlds: we can capitalize on our longstanding relationships in the financial markets and be nimble enough to adapt to new opportunities,” said Deckas.
Juran will continue to own a significant stake in Axial, as Colliers Mortgage Holdings LLC’s new CEO; ‘ensuring collaboration and access of the mortgage platform of the new Colliers/Dougherty team.
With plans to relocate later this year, Axial will currently operate out of its current Minneapolis location.