Capmark Spins Off Realpoint Unit

Capmark Financial Group, Horsham, Pa., has spun off its Realpoint unit into an independent company so as to better focus on its core commercial mortgage lending business.The independent company has been established by the Realpoint management team, Capmark reported. The terms of the deal were not disclosed. Realpoint is a provider of independent real estate securities and property market research, risk analytics, and valuation services. "The sale of Realpoint to the management team will enable Capmark to focus on its core businesses of investments, lending, and mortgage banking and servicing, while allowing Realpoint to independently grow its real estate research and technology platform," said Brian DiDonato, president of Capmark Investments. "Capmark intends to continue using Realpoint's market research suite of services." And Robert Dobilas, chief executive officer and president of Realpoint, said, "This is a great opportunity to expand Realpoint’s service offerings to meet the growing demands of our clients."