Axial Real Estate Advisors, LLC, a real estate investment and advisory firm, has opened its doors in Minneapolis. Axial will specialize in acquiring and managing residential and commercial real estate investments for high-net-worth individuals and family offices.
Axial is the outgrowth of recent transactions involving Colliers International Group, which acquired four affiliate operating companies from Dougherty Financial Group. In particular, the acquisition of Dougherty Mortgage and Dougherty Funding will create an industry-leading mortgage platform to be called Colliers Mortgage Holdings, LLC, led by longtime Dougherty executive David Juran as CEO.
In conjunction with the Colliers acquisition, Dougherty Real Estate Equity Advisors management was given the opportunity to acquire DREA as a stand-alone entity, inclusive of all asset management business, from Dougherty Financial Group. Axial is the newly rebranded firm.
“We could not be more excited about the opportunity to continue to manage our existing portfolio and pursue future growth strategies,” said Andy Deckas, Chief Executive Officer of Axial Real Estate Advisors. “Our new structure represents the best of both worlds: We can capitalize on our longstanding relationships in the financial markets and be nimble enough to adapt to new opportunities.”
The firm’s name comes from the “Axial Age,” a pivotal and transitional time in history marked by consequential advances in thought and philosophy.
“We adopted this name to reflect our belief that today’s investment climate requires the same depth of thought, wisdom and clarity achieved in similarly dynamic times,” Deckas said.
Deckas will lead the team with current colleague and partner Scott Larson, and team members Karrin May, AJ Smith and Steph Gunkel. They’re joined by two new partners, industry veterans Kyle Didier and Paul Maenner, who each have more than 30 years of experience. Juran will continue to own a significant stake in Axial, ensuring the ability to collaborate and access the significant mortgage platform of the new Colliers/Dougherty team.
Axial’s staff has more than 100 years of senior-level experience and has acquired, developed, financed and managed more than $20 billion in investment real estate assets.
Axial will operate at its current Minneapolis location with plans to relocate later this year.