Trepp LLC announced that it has acquired Investcap Advisors LLC, a Waltham-based commercial mortgage backed securities (CMBS) firm according to a GlobeSt article. The terms of the deal were not disclosed, but Trepp has said that the new acquisition will expand its offering of commercial real estate loan and property surveillance products. Scott Barrie, Investcap’s founder, will be joining Trepp as a managing director.
"We are thrilled to be joining the Trepp team," said said Scott Barrie, managing director of Investcap Advisors. "I look forward to helping Trepp expand the depth and breadth of its offerings and I welcome all of the additional benefits that Investcap clients will get given the talent and scale of the Trepp organization."
"We are constantly striving to increase the value of our services and I am confident that our acquisition of Investcap is aligned with that objective," said Annemarie DiCola, Trepp's CEO. "We have great respect and admiration for Investcap and I look forward to leveraging their great real estate and technology expertise."
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