Cushman & Wakefield, DTZ complete merger
Commercial real estate companies Cushman & Wakefield and DTZ have completed their merger.
The new Cushman & Wakefield defines itself as one of the world's largest real estate services firms, with a combined total of $5 billion in revenue, 43,000 employees, more than 4.3 billion square feet under management and $191 billion in transaction value.
Brett White is chairman and CEO of the company, and Tod Lickerman is global president Tod Lickerman. Cushman & Wakefield is owned by an investor group consisting of TPG, PAG and OTPP.
The new Cushman & Wakefield now operates in more than 60 countries around the world. According to its website, Cushman & Wakefield's Senior Housing/Healthcare Practice Group completed more than 7,500 healthcare-related valuation assignments over the past three years, for continuing care retirement communities and entities offering assisted living, memory care, independent living and other housing, care and services. DTZ's website says that professionals from Cassidy Turley, with which DTZ merged earlier this year, have sold more than 135 seniors housing properties in more than 25 states.