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CBRE Group Buys Commercial Real Estate Services Businesses from Resource Real Estate, TPA

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CBRE Group, Inc. (NYSE: CBG) today announced the acquisition of the commercial real estate services businesses of Atlanta-based Resource Real Estate Partners, LLC and TPA Realty Services, LLC (“RREP/TPA”). This acquisition significantly enhances the Company's service offerings to clients in the metro Atlanta region.

The acquisition will add more than 13 million sq. ft. of office and industrial assets to CBRE's Atlanta property management portfolio as well as key leasing and investment sales professionals who serve clients throughout the region. The development operations of RREP/TPA were not included in the acquisition.

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