Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, has announced the acquisition of Denver-based capital advisory firm Cadence Capital Partners (Cadence). The acquisition will allow Matthews™ to offer a full suite of capital solutions to solve every real estate funding need through the Matthews™ Capital Markets Division.
Cadence was founded in 2017 by real estate executives, Michael Bennett and Jay Soave. The company arranges equity and debt across all commercial property types and is unique to the industry as it focuses on equity first, partnered with a robust debt execution platform. With offices in Denver and Chicago, the firm excels in identifying capital sources outside the usual groups looking for opportunities, distinguishing itself as a go-to authority for sourcing capital. They have originated and executed over $2.4 billion in transactions and placed over $850 million in equity and debt.
Kyle Matthews, chairman & CEO of Matthews Real Estate Investment Services™, stated, “We are pleased to announce and welcome Cadence principals and supporting employees to our growing Matthews™ roster. This signifies another step in our aggressive growth as we continue to expand and elevate our client relationships through expanding service lines.”
David Harrington, executive vice president & managing director, added, “We look forward to not only making a meaningful impact in the equity space but also growing our overall presence in the Denver and Chicago markets across all Matthews™ service lines. We are also amid additional capital markets initiatives that will propel the Matthews™ platform into the future. These additional announcements will be public soon.”
Michael Conway, along with JT Johnson, will be Vice Presidents of the equity service line and complement the Matthews™ investment sales platform, providing fully integrated commercial real estate solutions. John Heitmann, also from Cadence, will be an integral part of the expanding presence in debt origination for Matthews™. Both Michael Bennett and Jay Soave will serve as executives and continue to help grow and advise the strategic direction for the division. Matthews™ is committed to redefining the brokerage experience and providing industry-leading advisory and support to clients.
With this announcement, Matthews™ will also be expanding services to both Chicago and Denver markets.
