Verity Commercial, a national multidisciplinary commercial real estate advisory firm providing technical project and construction management, brokerage, and investment services, announced it received significant investment from RSBG Global Companies, investment advisor to RAG Foundation. RAG Foundation is the largest foundation in Germany with a market cap in excess of 22 billion euros. Verity will join 67 other companies worldwide under RSBG’s investment umbrella with combined annual revenue in excess of 1.8 billion euro.
Verity Co-Founders, Herm Diebler and Ken Traenkle, and the existing Verity leadership team will continue to run the company on a day-to-day basis. Verity’s culture, management, and services will continue to be delivered under the Verity brand.
Investment in Verity was made through RSBG’s US subsidiary, Vela Tech Holding. Vela Tech Holding’s US investments include New Jersey-based SecurView, a cyber security company, San Jose-based AlfaTech Consulting Engineers, a technical design and engineering firm specializing in data center, life science and commercial projects, and San Jose-based AT-PD, a technical project management firm. RSBG’s investment provides Verity access to expansion capital and market collaboration opportunities with other RSBG umbrella companies including Dorsch Gruppe in Europe, Middle East, Africa, and Asia, and AT-PD on West Coast.
“Verity is a leading project/construction management and commercial real estate services provider in the DC metro area, Chicagoland, and the Northwest Pacific region. Verity will compliment AT-PD’s expertise and offer RSBG Global Companies a vehicle to source US real estate investment and development opportunities.” said Klaus Lesker CEO of RSBG.
“This investment will accelerate Verity’s growth and expansion both domestically and internationally,” said Herm Diebler, Verity Co-Founder. “When seeking an investment partner, it was important to maintain our culture, brand, and management structure and allow us access to expansion capital and market share. Vela Tech met all those requirements and more.” Diebler continued, “through Vela Tech and other RSBG umbrella companies, including AT-PD on the West Coast and Dorsch Gruppe in EMEA, now we have capital and market collaboration opportunities to offer clients the same exceptional services throughout the US and globally.”
“With Vela Tech’s investment, Verity has access to real estate capital to accelerate investment beyond the DC, Maryland, and Virginia markets,” said Ken Traenkle, Verity Co-Founder. “Our alignment with Vela Tech and other RSBG umbrella companies including AT-PD will help foster brokerage relationships and deals in a larger market giving agents more opportunities for individual growth.” Traenkle added, “Verity was founded on the premise that commercial real estate can be improved by a stronger emphasis on service. Our clients in the DC metro area have benefited from our approach and we hope to share our unique culture across the US.”
AT-PD Founded in 2015, is a project and construction management firm working with clients such as Adobe, Equinix, VMWare, Vantage McLaren, PG&E, and Airbnb. “Joining forces with Verity Commercial will allow us to reinforce our commitment to realizing our client’s project and workspace requirements,” said AT-PD CEO Bill Launikitis. “We will work closely with our clients, partners, and employees for a seamless integration process,” added Launikitis. “Our customers will continue to receive the same high-quality real estate and construction management services, which they have come to expect.”
RAG Foundation is the largest foundation in Germany with a market cap in excess of 22 billion euros. RSBG Global Companies is the investment advisor to RAG Foundation. There are 67 other companies worldwide under RSBG’s investment umbrella with combined annual revenue in excess of 1.8 billion euros. Vela Tech Holding is the US-based holding subsidiary of RSBG global companies. Along with Verity Commercial and AT-PD, Vela Tech Holding includes New Jersey-based SecurView, a cyber security company, and San Jose-based AlfaTech Consulting Engineers, a technical design and engineering firm specializing in data center and life science projects.
Founded in 2010, Verity Commercial is a Washington, DC metro-based national multidisciplinary firm that approaches the commercial real estate industry in three ways: development and construction services, brokerage and real estate investments. Our breadth of expertise gives clients more options and the perspective to make better decisions. Our fast-growing construction management practice focuses on three core industries: data center/ mission critical, life science and mixed-use projects. Our brokerage practice is geared toward clients that require strategic thinking along with transactional results. And our investment practice combines our market knowledge, strategic thinking and technical expertise to help real estate investors build a successful portfolio.
Verity is a 5-time Inc. 5000 firm and one of the fastest growing firms in Virginia and in the DC Metro area. Verity has been recognized as Northern Virginia Technology Council (NVTC) Data Center Vendor Champion, Reston Cornerstones Philanthropist of the Year Finalist, Greater Reston Business of the Year, and Dulles COVID Business Champion Nominee.