Colliers has controlling interest in Dougherty Financial
Steve Randall
Canadian Real Estate Wealth
Colliers International has announced a significant expansion of its US debt financing platform and the formation of a US securities business.
The Toronto-headquartered global real estate firm is to acquire controlling interests in four subsidiaries of Dougherty Financial Group LLC, namely Dougherty Mortgage LLC, Dougherty & Company LLC, Dougherty Funding LLC and Dougherty Insurance Agency LLC.
Dougherty provides mortgage banking, brokerage and investment banking services across 21 U.S. states.
“This investment firmly establishes Colliers as one of the leading players in multifamily debt and public finance capital markets in the U.S., marking a significant milestone as we continue to grow and develop our full-service capital markets capabilities,” said Gil Borok, President & CEO, Colliers International | U.S. “Combined with our current capabilities in investment sales and debt capital markets, this acquisition provides Colliers important depth, experience and growth opportunities to provide our clients with the best solutions in debt finance and advisory services.”
The deal is expected to close in the first half of 2020 with Dougherty Mortgage then being rebranded as Colliers Mortgage while the firm’s securities operations will be rebranded as Colliers Securities.
Management remains
The current senior management of Dougherty will continue to drive the operations.
“Our partnership with Colliers is an exciting next step in our evolution and given our shared enterprising culture and commitment to excellence, we could not be happier with the new partnership,” said David Juran, who will assume the role of Chief Executive Officer and largest management shareholder of Colliers Mortgage and Colliers Securities LLC, upon closing. “Our firm has enjoyed tremendous success over the years since our founding by Mike Dougherty. We look forward to accelerating our success and growth trajectory in the future by leveraging Colliers’ best-in-class platforms and relationships for the benefit of our clients.”
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