AXA charges into US commercial real estate debt
AXA Investment Managers, a unit of the French insurer, has announced that it is acquiring a business line owned by Quadrant Real Estate Advisors and will assume management of $9.4bn of US commercial mortgage loans.
Based in Atlanta, Quadrant Real Estate Advisors holds loans backed by several classes of commercial properties, including offices, multifamily units, student housing and industrial spaces.
Twenty-four members of Quadrant, including five of the firm’s founding partners, will join AXA. Terms of the deal were not disclosed.Last week, real estate ...
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