DRC Savills Investment Management (DRC SIM), the specialist debt investment platform of Savills IM, has struck a JV with QCP, the owner of Quadrant Real Estate Advisors, to establish a US real estate debt investment business.
The company confirmed this as the first time DRC SIM has offered a US debt investment proposition.
The JV is majority owned by DRC SIM and will operate under the banner DRC SIM US as its North American platform. It will bring together the professionals of both firms in providing real estate debt investment products for institutional investors.
Quadrant is owned by Kurt Wright, who is also managing partner, Jessica Eggins and Walt Huggins, supported by a team based in Atlanta currently managing debt investments on behalf of institutional investors. Quadrant was established in 2006 following a management buyout from GMAC Institutional Investors.
DRC SIM was founded in 2012 by Dale Lattanzio, Rob Clayton and Cyrus Korat, and is a European real estate debt investment manager. Savills IM acquired DRC SIM in May 2021.
Lattanzio said: 'This new platform with Quadrant is a full service, sophisticated US real estate debt investment offering. It will allow our investors to take advantage of the deep combined expertise of both parties and the favourable market conditions for alternative lenders in the US. We look forward to building a long and successful partnership with the highly experienced Quadrant team."
Alex Jeffrey, CEO of Savills IM, explained: 'US real estate debt has elevated in significance and demand over the past few years. Following our acquisition of DRC SIM in 2021 we are delighted to build on the growth and success of DRC SIM in Europe and Australia with this new venture. The US is a strategic market for us and to be able to enter through our debt investment business represents a compelling opportunity.'
Wright of Quadrant added: 'I am excited to combine our deployment expertise in the US with DRC SIM’s capital raising and product structuring teams in Europe to create a long term offering for our current and future investors.'
