CBRE Group Inc. Acquires Tax Credit Group

CBRE Group Inc., a commercial real estate services company, recently announced that it has acquired Seattle-based Tax Credit Group, a leading real estate brokerage firm focused on low-income housing tax credit assets. The Tax Credit Group (TCG), which helps clients invest in affordable housing projects will now be called CBRE Affordable Housing. It has listed and closed more than $7.9 billion in low-income housing tax credit real estate since it was founded in 2001.

The partnership will enable TCG to combine the affordable housing expertise of its team with the resources of the CBRE platform, which include investment sales, debt and structured finance, investment banking, and valuation services.