Mno-Bmadsen, the non-gaming investment arm of the Pokagon Band of Potawatomi Indians has acquired a majority stake in Cressy Commercial Real Estate. The transaction closed on March 31, 2023, and was announced Tuesday as a merger between the two companies. Terms of the deal were not disclosed.
With this deal, Mno-Bmadsen further diversifies is commercial real estate investment portfolio. Cressy will expand into new markets, including federal government contracting and Native American communities.
“We are excited to add Cressy Commercial Real Estate to our family of portfolio companies,” said Julio Martinez, Mno-Bmadsen’s chief executive officer. “We have long believed that commercial real estate is a natural growth sector for our portfolio, and with Cressy as a partner will have confidence this will be a catalyst for significant growth.”
The merger will enable Cressy to expand into new markets and implement their strategic goals while continuing to provide service to past and future clients.
“We are thrilled to deepen our partnership with Mno-Bmadsen,” said Cressy Board Chairman George Cressy Jr. “The long-term growth strategies of the company will be greatly accelerated and further strengthened via alignment with the Mno-Bmadsen family of companies. We have been partners with Mno for years in various endeavors, and we believe our core values and service-based ideologies are in alignment and will create a very dynamic partnership for generations to come.”
Mno-Bmadsen will benefit from additional resources to manage the real estate needs of its growing portfolio of investments. The merger will also expand the broad array of Mno-Bmadsen commercial real estate investments in alignment with the pursuit of asset diversification to support the Pokagon Band of Potawatomi for future generations.
Cressy CEO Chris Fielding will continue to serve the company in his capacity, and the current partners in the company will continue to serve the community as they have for decades. Cressy is currently undertaking the renovation of the former Mishawaka Police Department, which will serve as the corporate headquarters for all divisions of the company.
To learn more about Cressy Commercial Real Estate, please visit our website at Cressy.com. To learn more about Mno-Bmadsen and the Pokagon Band, please visit our website at mno-bmadsen.com/.
