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CBRE Group, Inc. (NYSE: CBRE) today announced that it has acquired Noveen Consulting, a consulting firm focused on helping healthcare facility owners improve the economics of owning and operating healthcare facilities. Noveen, based in Louisville, Kentucky, serves healthcare systems throughout the U.S.

Noveen’s service offerings include facility condition assessments, commissioning, energy management, facility optimization and technology consulting & implementation strategies. Noveen will align with CBRE Healthcare, which helps U.S. healthcare systems to reduce costs, monetize assets and realize the most value from their real estate. Its professionals will fully support CBRE Healthcare’s core offering, including advisory & transactions, facilities management, management consulting and project management.

“We have a deep understanding of Noveen’s value proposition and are excited to embed their capabilities into our full service offering for healthcare systems nationwide. The environment for healthcare providers continues to evolve rapidly and Noveen gives CBRE another significant advantage in helping our clients to achieve innovative facility & technology outcomes,” said Curt Grantham, Global President of Project Management, CBRE.

“Through the last seventeen years, Noveen and CBRE professionals have worked along-side each other with a common purpose to address the business objectives of our clients.  By combining resources, we are in position to provide a complete, integrated solution to the needs of our healthcare clients,” said Mo Deljoo, President of Noveen Consulting.

Noveen Consulting and its team of professionals, headed by Mr. Deljoo, will become part of the project management line of business within CBRE. That team will also leverage CBRE’s other project management capabilities in overseeing capital projects and advising healthcare clients on facility and energy management projects.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.


Robert McGrath



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