Domain Capital Group announced it has completed the acquisition of Denver-based Simpson Property Group from the State of Michigan Retirement Systems, marking a shift in Domain’s role from investment adviser to owner of the real estate platform.
Simpson Property Group is a fully integrated real estate firm that provides services in commercial and multifamily property management, development, and construction. The transaction deepens a relationship between the two organizations that spans more than three decades.
Senior executives at Domain first began advising Simpson more than 30 years ago while working at PwC. Since 2008, Domain has served as investment adviser to Simpson on behalf of the State of Michigan Retirement Systems, overseeing operations and investment strategy. Through that partnership, Domain worked closely with Simpson’s leadership team to support portfolio growth, capital allocation, and operational performance across its multifamily platform.
With the acquisition completed, Domain will now expand its involvement beyond advisory services and assume ownership of the platform. The firm said the move will help institutionalize and scale Simpson’s vertically integrated multifamily investment and operating platform while supporting the continued growth of Domain’s broader real estate business.
Domain intends to work with Simpson’s executive leadership to expand institutional investment offerings, including new commingled fund vehicles and separately managed accounts designed for institutional investors. Building on Simpson’s existing investor relationships, the company plans to strengthen its capital formation capabilities, broaden access to investors, and continue expanding the portfolio across targeted U.S. markets.
Simpson will continue operating under its established brand and investment philosophy. CEO Frank Rooney Jr. and the existing executive team will remain in place, and day-to-day operations are expected to continue without interruption. Domain said the acquisition will provide Simpson with additional strategic resources, capital flexibility, and long-term alignment to support future growth initiatives.
Atlanta-based Domain Capital Group is a multi-strategy investment management firm with approximately $8.3 billion in assets under management. The firm invests across private markets, including real estate, media entertainment and technology, timberland and natural capital, and special situations. Simpson Property Group, headquartered in Denver, was established in 1948 and has grown into one of the largest privately held residential developers and managers in the United States.
KEY QUOTES:
“We are incredibly excited to formalize what has already been a deeply integrated and successful partnership. We are grateful for the trust The State of Michigan Retirement Systems has placed in Domain over many years and appreciative of the collaboration with Simpson’s leadership team. This transaction reflects our shared confidence in the platform and its long-term growth trajectory.”
Patrick Leardo, CEO Of Domain Capital Group
“We are thrilled to be working even more closely with Domain as we enter this next chapter of growth. Its long-standing involvement with our platform provides continuity and alignment, and we look forward to expanding our investment capabilities while continuing to deliver exceptional service to our residents and institutional investors.”
Frank Rooney Jr., CEO Of Simpson Property Group
