Situs, a Texas-based commercial real estate advisory and asset management service provider, has acquired Situs Capital Management (SCM), a wholly-owned subsidiary of Situs Holdings, for an undisclosed amount.
The acquisition of SCM allows Situs to offer its services such as private placements, loan sale advisory, real estate capital markets, private investment banking, and corporate advisory services to its client base including financial institutions, real estate companies, institutional investors and financial sponsors.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Situs president Steve Powel said the acquisition of SCM under the Situs umbrella extends their capabilities though another valuable and strategic platform from which to serve their real estate and financial institution clients.
"Most importantly, the broker-dealer addition empowers us to both identify new opportunities and work collaboratively with our clients that are active in the private capital markets space," Powel added.
Situs bank and loan group managing director Kenneth Segal will head the team at SCM.
Segal said they have assembled a seasoned team with a proven track record and reputation for delivering the highest quality of advisory services.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"The SCM team boasts decades of experience successfully serving banks of all sizes, funds, real estate investors and specialty finance companies. Our recent, successful raise for WhyNotLeaseIt is a testament to our ability to identify, qualify, market and close in an ever-changing investor marketplace," Segal added.
