The Cabot Group Inc. has acquired Adams Mortgage Capital LLC, a mortgage brokerage firm in the town of Greece.
Financial terms were not disclosed.
“With the addition of Alan Adams and his team, we have added the in-house expertise necessary to meet that need,” said Michael Smith, Cabot Group’s chairman and CEO, in a statement. “No one we have dealt with over the years does a better job at identifying the most competitive lenders for particular financing and representing their clients.”
Over the past decade, Adams Mortgage Capital has provided in excess of $1 billion in real estate investment financing for clients in some 20 states. These financings include transactions for apartments, manufactured housing communities, hotels, retail centers, industrial parks, office buildings, research centers and senior living communities.
The Cabot Group, based in Pittsford, ranked third on the most recent Rochester Business Journal list of property management firms.
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