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Great-West Lifeco subsidiary GWL Realty Advisors U.S. announces agreement to acquire Guggenheim Real Estate private equity platform and related funds
Great-West Lifeco subsidiary GWL Realty Advisors U.S. announces agreement to acquire Gugge...
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[{"type":"text","content":"\n\n\n\nGreat-West Lifeco subsidiary GWL Realty Advisors U.S. announces agreement to acquire Guggenheim Real Estate private equity platform and related funds\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nWINNIPEG, Oct. 17, 2018\n\n\n\nTSX:GWO\n WINNIPEG, Oct. 17, 2018 /CNW/ - Great-West Lifeco Inc. announced today that its subsidiary, GWL Realty Advisors U.S. Inc. (GWLRA U.S.), has entered into an agreement to acquire Guggenheim Real Estate LLC (GRE), the real estate private equity platform of Guggenheim Investments. Terms of the transaction were not disclosed.\n\"This strategic acquisition of GRE complements our global real estate growth strategy and further enhances our platform within the U.S. marketplace,\" said Paul Mahon, President and Chief Executive Officer, Great-West Lifeco.\nFounded in 2001, and with offices in Boston and Charlotte, GRE will combine with EverWest Real Estate Investors (EverWest), a real estate investment management and operating company acquired by GWLRA U.S. in February 2018. \nThe transaction is expected to close in the fourth quarter of 2018 and is subject to customary regulatory approvals and certain closing conditions.\nAbout Guggenheim Investments Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, with more than US$208 billion¹ in total assets across fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 300+ investment professionals perform rigorous research to understand market trends and ide...