Colliers International Selected to Manage and Lease Large Portfolio of Federal Government Properties

UrbanAmerica Advisors chose Colliers Government Solutions to provide services for 1.1 million-square-foot portfolio

NEW YORK, April 16, 2013 /PRNewswire-USNewswire/ -- Colliers International today announced it was selected by UrbanAmerica Advisors to provide management and leasing services for a 1.1 million-square-foot, five-property portfolio primarily leased by federal government agencies. The properties are located in: Washington, D.C.; Suffolk, Va.; Norfolk, Va.; Huntsville, Ala.; and Sacramento, Calif. A variety of federal government tenants are currently leasing the properties, such as the Department of Defense, the Federal Bureau of Investigation (FBI) and the Federal Election Commission.

Colliers Government Solutions, the industry's only comprehensive services platform focused solely on government real estate, will manage the portfolio. The Government Solutions platform consists of six services, specifically focused on government real estate: leasing, investment sales, finance, property management, appraisal and tax appeal.

"UrbanAmerica Advisors selected Colliers Government Solutions because of our demonstrated understanding of the unique and often complex requirements of government-leased properties," said Kurt Stout, Executive Vice President of Colliers Government Solutions. "UrbanAmerica Advisors will benefit from the tremendous knowledge and synergistic services we're able to provide."

Government Solutions will partner with Colliers Real Estate Management Services (REMS), a service line of Colliers International, to provide UrbanAmerica Advisors with property management services. Colliers REMS manages government properties across the country and brings specialized knowledge to the UrbanAmerica Advisors portfolio. With extensive experience in General Services Administration (GSA) real estate contracts, Colliers REMS will ensure the portfolio is managed to strict government standards.

"Government is the largest sector in the country and its needs are very different from other corporate or retail clients," said Stout. "Colliers is proud to have experts who understand the unique transaction and management needs of government-leased properties, and how to accommodate the specific missions of the tenant agencies."

UrbanAmerica Advisors, the asset owner, intends to improve building conditions and raise the quality of services to retain existing government leases and attract new ones.

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About Colliers International
Colliers International is a global leader in commercial real estate services, with over 13,500 professionals operating out of more than 482 offices in 62 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.

About UrbanAmerica Advisors
UrbanAmerica Advisors, a minority-controlled, real estate private equity firm founded in 1998, is among the first registered investment advisors to participate in the revitalization of urban centers through the investment of institutional capital in commercial real estate. UrbanAmerica Advisors has raised $521 million in equity within its two funds and has acquired and developed more than 10 million square feet of building space with assets valued in excess of $2 billion.  More information about UrbanAmerica Advisors is available at www.urbanamerica.com.

SOURCE Colliers International