Carwin Advisors, a Dallas-based real estate advisory firm, announced Wednesday it bought The Arges Group, a real estate advisory firm based in Orange County, Calif.
The acquisition expands Carwin's west coast footprint. Arges’ staff, including co-founders Bret Berry and Scott Miller, will join Carwin. Berry and Miller will serve as senior directors.
Carwin and Arges advise lenders, investors, builders, and developers on residential, commercial, and mixed-use development issues nationally. Carwin has clients in California, Nevada, Colorado, New Mexico, Arizona, Montana, Texas, Georgia, Florida, North and South Carolina and the Caribbean.
"While the addition certainly enhances Carwin's reach and depth in California and the Western U.S., we were first attracted to the fact that the entire Arges team embodies what we call the 'Carwin DNA'; real operational experience, an unmatched focus on clients, and an accelerated sense of urgency,” said Patrick Vedra, Carwin’s managing director.
Prior to founding Arges, Berry was director of LNR Property's Mezzanine Investment Group and Miller was vice president of land for Pulte Homes. While at Arges, Berry and Miller managed or consulted on projects representing over 50,000 lots with a build-out value exceeding $10 billion.
Carwin, a unit of Winchester Carlisle Co., is a national full-service real estate advisory firm specializing in solving complex problems and working with multiple stakeholders in the restructuring, turnaround, management and disposition of residential, commercial, and mixed-use real estate assets, portfolios, and companies. Carwin has offices in Houston, Phoenix, Las Vegas, Orange County, Charlotte and Atlanta.