Grandbridge Real Estate Capital LLC, a subsidiary of BB&T Corp. (BBT), said Monday that it has reached an agreement to acquire Dwyer-Curlett & Co., a commercial real estate finance firm with three offices in southern California.
The deal, which is subject to investor approval, is expected to close November 30.
Grandbridge Real Estate Capital is a full-service commercial and multifamily mortgage banking firm. It has a broad investor base that includes insurance companies, CMBS investors, pension fund advisors, commercial banks and capital markets investors, as well as its proprietary lending platform, BB&T Real Estate Funding.
Dwyer-Curlett is a pioneer commercial real estate firm specializing in the placement of debt and equity with life insurance companies and other institutional sources. Independently owned by partners, Dwyer-Curlett finances a wide spectrum of commercial property types including industrial buildings, office buildings, shopping centers and apartment complexes.
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