Aperion Management-backed Cairn Real Estate, an independent, strategic multi-asset and investment manager, completed the acquisition of JP & Associates, an independent real estate brokerage firm. Financial terms were not disclosed. “Cairn Real Estate Holdings is incredibly excited to announce the acquisition of JPAR as our platform investment. The scale, reputation and market position of the company provides the foundational structure to grow a nationally based and highly competitive real estate services company," Rick Davidson, Cairn Real Estate Chairman and CEO.