USAA Real Estate, Square Mile Combine Platforms as Affinius Capital
USAA Real Estate and Square Mile Capital have integrated their two investment management platforms under a new corporate brand name, Affinius Capital. The rebranding follows USAA Real Estate’s 2021 acquisition of the balance of Square Mile Capital and its 2020 spinoff from USAA, of which it had been a wholly owned affiliate since 1982.
The company said that under the Affinius banner, it will continue to provide strategic equity and debt capital, leveraging the accelerating demand for technology-driven real estate assets, structured credit and flexible deal structures.
“You may not yet recognize our new name, but you certainly know our firms and our people,” said Len O’Donnell, who will remain as CEO and chairman. “We are the same committed partners, advisors, investors and stewards we have always been.” Craig Solomon, formerly Square Mile’s CEO, will now serve as CIO and vice chairman of the combined company.