Cortland Capital Services, which provides third-party fund administration to real estate private equity firms and other financial institutions, has sold to Alter Domus. Deal terms were not disclosed. Chicago-based Cortland has over $200 billion of assets under administration.
“Becoming part of the Alter Domus Group gives us the ideal platform to expand our real estate and private credit service offerings, and accelerate the expansion of our market leading loan services solutions deep into Europe and Asia Pacific,” said Cortland CEO Doug Hart, who cofounded the firm in 2018, along with other former senior executives at LaSalle Bank. Hart is now regional executive, North America for Luxembourg-based Alter Domus.
Cortland’s clients include banks, CMBS originators and family offices, as well as real estate owners and developers, real estate funds and REITs.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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