Commercial real estate services and investment firm has paid an undisclosed sum to buy Cold River Land, a provider of property tax payment services in the US.
Cold River Land offers real estate owners and lenders tax management services, including document management, data management, appeals, research and monitoring.
Tom Edwards, the global president of CBREβs valuation and advisory services (VAS) said Cold River Land expands CBREβs property and transaction tax capabilities, βenabling us to provide a holistic approach that meets all our clientsβ property tax needs.β
Cold River Landβs employees will integrate with CBREβs property and transaction tax services team within VAS.
CBRE said John Pearson, founder and managing partner for Cold River Land, will continue to run the incoming teamβs operations as CBREβs managing director of property tax payment services.
βBy joining forces with the worldβs largest real estate services company, we benefit from CBREβs market-leading platform and can expand our comprehensive property tax management product that allows clients to focus on their business while we manage each parcel from appeal to payment,β said Pearson.
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