Detroit-based Bloomfield Capital and Portland-based VAR Capital Advisors said Friday that the companies have entered into an agreement under which Bloomfield will acquire the consulting platform and key leadership from VAR Capital, and Renee Lewis, founder of VAR Capital, will be named a managing partner of Bloomfield.

VAR Capital specializes in due diligence, asset management and consulting services for institutional real estate investors nationwide, according to a news release. The company has five employees in Portland.

The agreement was formed in order to help Bloomfield with additional talent as the firm grows its operations nationwide, the release said. Details of the transaction were not disclosed.

Bloomfield has completed over $500 million in closed transactions and currently has over $180 million assets under management, according to a company spokeswoman.