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Great-West Life subsidiary acquires Colorado-based real estate company

GWL Realty Advisors, through its U.S. subsidiary GWL Realty Advisors U.S., has acquired the business of Denver, Colo.-based EverWest Real Estate Partners.

Terms of the transaction were not disclosed.

EverWest is a privately held real estate investment management and operating company. The company's president and CEO, Rick Stone, along with his leadership team, will continue to oversee the business.

The CenterCap Group LLC acted as financial adviser to GWL Realty Advisors.

GWL Realty Advisors is a subsidiary of Great-West Life Assurance Co.