Founded in 2010 and based out of Texas, C-III Capital Partners LLC works in both commercial and residential real estate assets. C-III facilitates both institutions and retail investors to provide a vast selection of debt and equity solutions. C-III is a well-established company and is still expanding.
C-III has become one of the largest special servicers of commercial mortgage backed securities in the United States. C-III specializes in resolving defaulted conduit loans for $79 billion in commercial real estate loans across 130 commercial mortgage trusts. C-III has originated $5.2 billion in mortgages and managed funds with $10 billion in commercial mortgage backed security bonds.
Collectively, across C-III and its subsidiaries, the firm runs 375 offices worldwide and employs 6,700 people for over 380 million square feet of property. In 1999, C-III also began working with online servicing, and has since closed $1.7 trillion in loans and assets via those services.
In September of 2016, C-III Capital Partners acquired Resource America, Inc, another well-established and highly successful firm. Resource America has a strong focus on consistency and stability. The acquisition adds $9 billion in residential real estate assets under management to the billions in commercial investment already handled by C-III. With the acquisition, C-III now holds over $13 billion in assets under management, in addition to the special servicing of the $79 billion.
This acquisition also added 17,000 new multi-family units to the 40,000 managed by C-III’s subsidiary residential firm, for its new total of 57,000 units. C-III believes the acquisition will broaden horizons, and make the firm even better equipped to handle client needs, by diversifying investment product offerings, making use of Resource America’s proven effective infrastructure and $1.4 billion independent broker-dealer network.
Resource America’s stockholders were awarded $207 million in what C-III’s CEO and Chairman, Andrew L. Farkas, is calling, “A transformative acquisition for C-III.”