Real estate industry veterans Jim Carr and Scott Morey, formerly with GPG Advisers, have launched One11 Advisors, a real estate management consulting firm. One11 Advisors is a spinoff from GPG Advisers and is an integrated professional services firm that will provide advisory and managed services to real estate owner, operators, occupiers and investors as it relates to their operating strategies, processes, technology, and people services.
“We are extremely excited with the spinoff and to establish a new brand solely focused on driving value in operations, process and technology of our clients,” Carr said. “One11 allows us to continue to improve the quality of services we provide in the marketplace as well as provide a new foundation to better expand our services to our clients’ specific needs today and in the future.”
The spinoff includes the leadership, employees and partnership alliances associated with the business consulting, vendor managed services and people services offerings of GPG Advisers. One11 Advisors and GPG Advisers will continue to team and work together based on client specific needs. One11 Advisors also raised outside capital in support of its growth plans.
Prior to One11 Advisors, Carr spent the last eight years building and leading the business consulting, vendor managed services and people services groups at GPG Advisers. He has previous affiliations with Ernst & Young Kenneth Leventhal, Deloitte and KB Home. Morey spent the last two years as part of the leadership team with GPG Advisers and has previous affiliations with General Growth Properties, Alvarez & Marshal, Equity Office Properties and Ernst & Young Kenneth Leventhal.
“We are committed to the real estate industry and are excited to continue in the tradition we have already started with our employees and customers in delivering outstanding services,” said Morey. “We are grateful for the opportunities and trust bestowed on us by our clients the last several years. We look forward to driving value in unique ways and improving the competitive positioning of our clients.”