EverWest Real Estate Partners in Denver has been acquired by Great-West Life, a Canadian insurance company.
The acquisition was through GWL’s U.S. subsidiary, GWL Realty Advisors U.S.
The purchase price was not disclosed. EverWest reportedly has holdings valued at $1.6 billion.
“The acquisition of EverWest provides us with a real estate platform in the U.S. and opens up investment opportunities for our clients,” said Paul Finkbeiner, president at GWL Realty Advisors, “This acquisition is an important step for us in achieving our long-term growth strategy that will enhance our customers’ portfolio returns. EverWest has strong leadership and business teams that will continue to operate and grow the business.”
Rick Stone, the president of EverWest, said he welcomes the acquisition, as it will help evolve their business to support international and domestic customers.
A source close to the deal said that the team and its executives would remain in their roles.