Navigant Partners LLC has formed a strategic alliance with The Situs Cos., a Houston-based global real estate services firm, to provide property due diligence, valuation and other property-related services for mergers and acquisitions in the commercial real estate and financial services industry.
Navigant Partners builds and expands business platforms in the commercial real estate and financial services industries through mergers, acquisitions and business integration as well as new business formation and expansion. Situs is a provider of commercial real estate services and consulting solutions for all property types to financial institutions, institutional investors, private owners and developers.
‘Real estate assets are often a material component of value creation for REITs and others acquiring the entity for its real estate holdings,’ notes Jim Vincent, managing partner of Navigant. ‘In larger mergers within the financial industry, where real estate is owned but not the core business, real estate holdings may present opportunities for consolidation and cost rationalization. Failure to address the value levers from real estate can cause significant time delays and extra costs in a merger or acquisition if not identified and addressed on the front end.’
Sources: Navigant Partners, The Situs Cos.
