Sep
12
BGC Acquires Berkeley Point, Minority Stake in New CRE Biz
ByThe company and its affiliate Cantor Fitzgerald paid $875 million to purchase the capital solutions provider, while investing an additional $100 million in a finance and investment business known as CF Real Estate Finance Holdings LP.
In two transactions within the BGC Partners/Cantor Fitzgerald family, BGC has acquired Berkeley Point Financial LLC from CF and certain affiliates for $875 million and has also made a $100 million cash investment in a new CRE-related finance and investment business.
In the latter transaction, BGC will own about 27 percent of the new entity, currently designated as CF Real Estate Finance Holdings LP, while CF will own the remaining 73 percent, for its investment of $266.7 million, according to an SEC filing.
Both Berkeley Point and the new LP will be part of BGC’s Real Estate Services segment, which includes Newmark Knight Frank…
