Boston investor acquires Houston firm with stake in DFW real estate

A Houston-based real estate investment firm that manages about $6 billion in property, including a significant amount of real estate in Dallas-Fort Worth, has been acquired by Boston-based Columbia Threadneedle Investments.

Columbia is the global asset management arm of Ameriprise Financial Inc. (NYSE: AMP).

Lionstone Partners Ltd. has been acquired by the Boston investment firm to help bolster its capabilities in U.S. real estate, which has become known for attracting institutional and retail investors.

Click to read more at Dallas Business Journal.