Real Estate Acquisitions in Pennsylvania

Continuum Companies, a CIVC Partners-backed platform based in Conshohocken, Pennsylvania, completed 13 add-on acquisitions of homeowner association (HOA) management companies over the past year, expanding its footprint across the Mid-Atlantic. The acquired operators collectively manage 544 communities (61,689 doors), strengthening Continuum's association management capabilities and supporting seller liquidity, succession planning and growth.

Stewart Information Services Corporation announced the acquisition of BCHH, a provider of title and closing services focused on individual and institutional investors, lenders, and bulk real estate transactions. The deal expands Stewart's lender services and bulk-transaction capabilities to better serve investor and lender customers across multiple states.

Chicago-based private equity firm CIVC Partners has made an investment in Continuum Companies, partnering with founder and CEO Marcus Mayo and the Continuum management team. Continuum is a Mid‑Atlantic integrated platform providing HOA property management and associated residential services across roughly 700 communities (~100,000 doors); CIVC said it will support accelerated acquisitions and organic growth initiatives.

World Wide Land Transfer Holdings (WWLT), a portfolio company of Corridor Capital, has acquired First Partners Abstract Co. Inc. in partnership with FPA founder Stephen Wooldridge. The add-on strengthens WWLT’s regional title and settlement services footprint — adding ~70 employees across 13 offices in the greater Philadelphia / New Jersey market to support consolidation and capability expansion.

Cushman & Wakefield acquired Pittsburgh-based Grant Street Associates, Inc., ending an 18-year alliance and bringing the regional commercial real estate firm onto Cushman & Wakefield’s global platform. The acquisition is intended to expand Cushman & Wakefield’s presence in Pennsylvania and enhance its capabilities across office, flex and retail asset classes in the Pittsburgh market.

Compass, Inc. has signed a definitive agreement to acquire CommonGround Abstract, LLC, a title and escrow services provider operating in Pennsylvania and New Jersey. The acquisition expands Compass’ title and escrow portfolio and enhances its closing services footprint in the Greater Philadelphia and South Jersey markets; transaction terms were not disclosed.

LRES Corporation, a California-based provider of property valuations and REO asset management, signed a definitive agreement to acquire Keystone Asset Management, Inc., a Lansdale, Pennsylvania-based REO and valuation services firm. The deal, announced Aug. 23, 2021, expands LRES’s servicing and valuation capabilities and adds an Eastern time zone team to its operations.

Corridor Capital has led an investment and recapitalization of World Wide Land Transfer (WWLT), partnering with company management. Everside Capital Partners and Southfield Mezzanine Capital provided subordinated debt and equity financing in support of the transaction; WWLT's founder Marc (Marc/Mark) Shaw remains CEO and a material owner as the company pursues geographic expansion, strategic M&A and technology improvements.

EQT AB completed the $1.87 billion combination with Exeter Property Group, acquiring Exeter's management company and carried interest stakes and combining the businesses under the EQT Exeter brand. Consideration comprised approximately $800 million in newly issued EQT AB shares and $1,070 million in cash (including refinancing of existing Exeter debt); Exeter management received a mix of shares and cash and will join EQT leadership. The deal expands EQT's real estate capabilities and geographic footprint across North America and Europe.

Nationwide Property & Appraisal Services LLC, a portfolio company of Corridor Capital, completed the acquisition of Olde City Lending Solutions LLC, an appraisal management company based in Warminster, Pennsylvania. The add-on expands Nationwide’s foothold in the Northeast, adds local market expertise and compliance capabilities, and strengthens the platform’s national appraisal and property services scale.

Edison Partners led a $9.5 million growth investment in Houwzer, a Philadelphia-based, technology-enabled real estate brokerage. The capital will be used to expand Houwzer into additional U.S. markets, strengthen its technology platform, and launch owned mortgage, title and home insurance services.