Ranieri Real Estate Partners (RREP), New York, has established two new advisory services groups and as part of the initiative signed a definitive agreement to acquire boutique investment banking and advisory firm, Occom Capital Partners, which has offices in New York and Portland, Maine.

Michael D. Coster, currently managing principal at Occom, is set to become president of one of the two new groups upon the completion of the acquisition. Coster would be president of Ranieri Real Estate Advisors at the closing of the deal, which is expected to take place in the first quarter of next year upon receipt of certain regulatory approvals. He would report to RREP co-founder and CEO Jon Vaccaro, one of the company’s three principals.

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