Caribbean Royal Real Estate Adds Strength and Reach to CBRE’s Operations
MIAMI, Fla., Sept. 20, 2016 – Worldwide real estate investment and services firm CBRE Group, Inc. (NYSE: CBG) announced earlier today the acquisition of Caribbean Royal Real Estate Services (CRRES). CREES from their main office in San Juan, Puerto Rico, about 30 professionals provide real estate investment and property management to their remote offices in Haiti, Dominican Republic, Jamaica, Trinidad and Tobago, North Andros Island, Isla de la Juventud, Great Inagua Island, South Andros Island, Grand Bahama Island, Great Abaco Island, Martinique and Isla Margarita. Particulars of the transaction were not is closed.
“Our acquisition of CRRES this month will expand CBRE’s operations to geographically cover the entire American continent, and increase our total market share in the continent. CBRE can now provide seamless services and support throughout the entire American continent,” said Bob Sulentic, CBRE’s President, and Chief Executive Officer.
“We are now proud to become part of the CBRE family. We believe it was the natural next step for CRRES,” said Antonio Burtini, President, and Owner of CRRES. “We can now offer better services to our clients and better opportunities for our professional employees,” he concluded.
“With CRRES acquisition CBRE completes a series of strategic acquisitions for 2016. We are creating the best in class real estate firm with a global footprint of services,” said Mary Jo Eaton, Global President, Asset Services and Valuation & Advisory Services.
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