BlackRock buys real estate advisory firm
Investment manager BlackRock said Tuesday that it bought Helix Financial Group LLC, a commercial real estate advisory firm, for an undisclosed amount.
Investment manager BlackRock said Tuesday that it bought Helix Financial Group LLC, a commercial real estate advisory firm, for an undisclosed amount.
The transaction closed Jan. 15, BlackRock said in a release.
AllBridge Investments, an affiliate of Allied Capital Corp., was most recently the lead stake holder in Helix Financial.
Helix, based in Charlotte, N.C., will be integrated into BlackRock Solutions, a unit that helps institutions manage capital markets exposures and risks. Since its founding in 2004, Helix Financial has underwritten more than $100 billion in commercial real estate loans, BlackRock said. The company has 120 employees.
Shares of BlackRock Inc. rose 67 cents, or 0.28 percent, to $238.76 Tuesday.
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