Skip to main content
MENU
Subscribe
  • Subscribe
  • Account
  • LOGIN
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE Act 2.0
    • Special Reports
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • WPS Innovation Awards
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • ESG Sustainability - Gaining Momentum
    • Climate Change: The Inescapable Opportunity
    • Impact Investing
    • 2022 ESG Investing Conference
    • ESG Rated ETFs
  • Defined Contribution
    • Latest DC News
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2022 Defined Contribution East Conference
    • 2022 DC Investment Lineup Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Performance Data
    • P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
    • Future of Investments Research Series
    • Charts & Infographics
    • Polls
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
    • 2022 Retirement Income Conference
    • 2022 Managing Pension Risk & Liabilities
    • 2022 WorldPensionSummit
Breadcrumb
  1. Home
  2. Print
October 03, 1994 01:00 AM

1994 REAL ESTATE DIRECTORY: PART 7 OF 7

  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print

    Prudential Real Estate

    Investors

    51 JFK Parkway, Short Hills, N.J. 07078; phone: (201) 912-7900; fax: (201) 912-7924

    ($ millions)

    Tax-exempt real estate assets6,722

    Equity6,002

    Mortgages720

    Commingled or pooled funds

    Equity4,480

    Mortgages130

    Direct, separate accounts

    Equity956

    Mortgages215

    Co-investments

    Equity88

    Mortgages225

    Total real estate assets6,722

    Equity6,002

    Mortgages720

    As of June 30, Prudential Real Estate Investors had $6.722 billion in U.S. institutional tax-exempt real estate assets, of which $5.194 billion was in fully discretionary accounts.

    The tax-exempt equity assets had a market value of $5.524 billion as of June 30. Contributions committed but not received were $479 million.

    Total real estate assets under management were $6.772 billion.

    Of the U.S. tax-exempt assets, 99% was in existing and 1% in developmental properties. The property mix was 9% hotel/resort, 16% industrial, 1% single-family housing, 15% multifamily housing, 39% office/commercial, 19% retail and 1% timber/agriculture. The geographic mix was 34% West, 16% Midwest, 36% East and 14% South.

    The parent company is Prudential Insurance Co. of America.

    Claude Zinnegrabe is the chief investment officer; Kevin Myers is the client contact.

    PSI Institutional Advisors

    600 N. Brand Blvd., Suite 300, Glendale, Calif. 91203; phone: (818) 244-8080; fax: (818) 244-0581

    ($ millions)

    Tax-exempt real estate assets572

    Equity572

    Commingled or pooled funds

    Equity339

    Direct, separate accounts

    Equity233

    Total real estate assets572

    Equity572

    As of June 30, PSI Institutional Advisors had $572 million in U.S. institutional tax-exempt real estate assets, of which none was in fully discretionary accounts.

    The tax-exempt equity assets had a market value of $572 million as of June 30.

    Total real estate assets under management were $572 million.

    Of the U.S. tax-exempt assets, 100% was in developmental properties. The property mix was 100% self-storage facilities. The geographic mix was 41.4% West, 22.3% Midwest, 28% East and 8.3% South.

    The parent company is PSI Holdings Inc.

    Hugh Horne is the chief investment officer; William J. Chadwick and Harvey Lenkin are the client contacts.

    Resource Investments Inc.

    Trade Center, Box 24, 24 Airport Road, West Lebanon, N.H. 03784; phone: (603) 298-7001; fax: (603) 298-7620

    ($ millions)

    Tax-exempt real estate assets800

    Equity800

    Commingled or pooled funds

    Equity800

    Total real estate assets800

    Equity800

    As of June 30, Resource Investments had $800 million in U.S. institutional tax-exempt real estate assets, all in fully discretionary accounts.

    The tax-exempt equity assets had a market value of $800 million as of June 30.

    Total real estate assets under management were $800 million.

    All of the U.S. tax-exempt assets were in existing properties. The property mix was 100% timber. The geographic mix was 7% West, 3% East, 40% South and 50% international.

    Eric Oddleifson is chief investment officer; Christopher J. Broom is client contact.

    The RREEF Funds

    650 California St., Suite 1800, San Francisco, Calif. 94108; phone: (415) 781-3300; fax: (415) 986-6248

    ($ millions)

    Tax-exempt real estate assets4,885

    Equity4,620

    REITs134

    Mortgages131

    Commingled or pooled funds

    Equity2,005

    Mortgages14

    Direct, separate accounts

    Equity2,460

    Mortgages70

    Co-investments

    Equity289

    Mortgages47

    Total real estate assets5,298

    Equity4,998

    Mortgages166

    REITs134

    As of June 30, The RREEF Funds had $4.885 billion in U.S. institutional tax-exempt real estate assets, of which $3.5 billion was in fully discretionary accounts.

    The tax-exempt equity assets had a market value of $3.538 billion as of June 30. Contributions committed but not received were $1.082 billion.

    Total real estate assets under management were $5.298 billion.

    Of the U.S. tax-exempt assets, 98% was in existing and 2% in developmental properties. The property mix was 25% industrial, 14% multifamily housing, 26% office/commercial, 34% retail and 1% land. The geographic mix was 37% West, 25% Midwest, 17% East and 21% South.

    Donald A. King Jr. is chief investment officer; Stephen M. Steppe is client contact.

    Sarofim Realty Advisors

    8201 Preston Road, Suite 450, Dallas, Texas 75225; phone: (214) 739-6770; fax: (214) 739-3931

    ($ millions)

    Tax-exempt real estate assets528

    Equity143

    Hybrid debt376

    Mortgages9

    Commingled or pooled funds

    Equity6

    Hybrid debt127

    Mortgages8

    Direct, separate accounts

    Equity131

    Hybrid debt249

    Mortgages1

    Total real estate assets528

    Equity143

    Hybrid debt376

    Mortgages9

    As of June 30, Sarofim Realty Advisors had $528 million in U.S. institutional tax-exempt real estate assets, of which none was in fully discretionary accounts.

    The tax-exempt equity assets had a market value of $138 million as of June 30. Contributions received but not invested were $3 million; contributions committed but not received were $2 million.

    Total real estate assets under management were $528 million.

    Of the U.S. tax-exempt assets, 99.4% was in existing and 0.6% in developmental properties. The property mix was 4% industrial, 20% multifamily housing, 46% office/commercial and 30% retail. The geographic mix was 4% West, 28% East and 68% South.

    The parent company is Fayez Sarofim & Co.

    C. Al Galpern is the chief investment officer; Eugene Sanger is the client contact.

    Schroder Real Estate

    Associates

    437 Madison Ave., New York, N.Y. 10022; phone: (212) 940-3600; fax: (212) 644-2790

    ($ millions)

    Tax-exempt real estate assets1,091

    Equity1,016

    Mortgages75

    Commingled or pooled funds

    Equity779

    Mortgages75

    Direct, separate accounts

    Equity237

    Total real estate assets1,091

    Equity1,016

    Mortgages75

    As of June 30, Schroder Real Estate Associates had $1.091 billion in U.S. institutional tax-exempt real estate assets, of which $666 million was in fully discretionary accounts.

    The tax-exempt equity assets had a market value of $811 million as of June 30. Contributions committed but not received were $205 million.

    Total real estate assets under management were $1.091 billion.

    Of the U.S. tax-exempt assets, 100% was in existing properties. The property mix was 3% industrial, 30% office/commercial and 67% retail. The geographic mix was 23% West, 32% East and 45% South.

    Norman L. Peck is the chief investment officer; John Emmanuel is the client contact.

    Sentinel Real Estate Corp.

    1290 Avenue of the Americas, New York, N.Y. 10104; phone: (212) 408-2900; fax: (212) 586-2928

    ($ millions)

    Tax-exempt real estate assets1,844

    Equity1,766

    Mortgages78

    Commingled or pooled funds

    Equity576

    Mortgages41

    Direct, separate accounts

    Equity504

    Total real estate assets2,279

    Equity2,195

    Mortgages84

    As of June 30, Sentinel Real Estate had $1.844 billion in U.S. institutional tax-exempt real estate assets, of which $1.121 billion was in fully discretionary accounts.

    The tax-exempt equity assets had a market value of $1.507 billion as of June 30. Contributions received but not invested were $53 million; contributions committed but not received were $206 million.

    Total real estate assets under management were $2.279 billion.

    Of the U.S. tax-exempt assets, 100% was in existing properties. The property mix was 2% industrial, 94% multifamily housing, 1% office/commercial and 3% retail. The geographic mix was 31% West, 15% Midwest, 15% East and 39% South.

    John H. Streicker is the chief investment officer; David Weiner is the client contact.

    TCW Realty Advisors

    865 S. Figueroa St., Suite 3500, Los Angeles, Calif. 90017-2543; phone: (213) 683-4200; fax: (213) 683-4201

    ($ millions)

    Tax-exempt real estate assets3,012

    Equity2,499

    Hybrid debt513

    Commingled or pooled funds

    Equity1,126

    Hybrid debt178

    Direct, separate accounts

    Equity1,373

    Hybrid debt335

    Total real estate assets3,012

    Equity2,499

    Hybrid debt513

    As of June 30, TCW Realty Advisors had $3.012 billion in U.S. institutional tax-exempt real estate assets, of which $2.14 billion was in fully discretionary accounts.

    The tax-exempt equity assets had a market value of $2.499 billion as of June 30.

    Total real estate assets under management were $3.012 billion.

    Of the U.S. tax-exempt assets, 94.7% was in existing and 5.3% in developmental properties. The property mix was 28% industrial, 29.2% office/commercial, 37.6% retail and 5.2% land. The geographic mix was 51.8% West, 12.4% Midwest, 27.4% East and 8.4% South.

    Richard Pink is the chief investment officer; Bruce Ludwig is the client contact.

    Trammell Crow Realty

    Advisors

    3500 Trammell Crow Center, 2001 Ross Ave., Dallas, Texas 75201; phone: (214) 979-5100; fax: (214) 979-5481

    ($ millions)

    Tax-exempt real estate assets1,571

    Equity1,537

    Mortgages34

    Commingled or pooled funds

    Equity1,424

    Mortgages26

    Co-investments

    Equity113

    Mortgages8

    Total real estate assets1,571

    Equity1,537

    Mortgages34

    As of June 30, Trammel Crow Realty Advisors had $1.571 billion in U.S. institutional tax-exempt real estate assets, of which all was in fully discretionary accounts.

    The tax-exempt equity assets had a market value of $1.52 billion as of June 30. Contributions committed but not received were $17.5 million.

    Total real estate assets under management were $1.571 billion.

    Of the U.S. tax-exempt assets, 80.8% was in existing and 19.2% in developmental properties. The property mix was 7.8% hotel/resort, 18.7% industrial, 1.2% multifamily housing, 46.2% office/commercial, 9% retail and 17.1% land. The geographic mix was 46.4% West, 6.2% Midwest, 19% East and 28.4% South.

    The parent company is Trammel Crow Ventures.

    Charles R. Lathem is the chief investment officer and client contact.

    The Union Labor Life

    Insurance Co.

    111 Massachusetts Ave., Washington, D.C. 20001; phone: (202) 682-7923; fax: (202) 682-7932

    ($ millions)

    Tax-exempt real estate assets1,181

    Mortgages1,181

    Commingled or pooled funds

    Mortgages781

    Direct, separate accounts

    Mortgages400

    Total real estate assets1,181

    Mortgages1,181

    As of June 30, The Union Labor Life Insurance Co. had $1.181 billion in U.S. institutional tax-exempt real estate assets, all in fully discretionary accounts.

    Of the U.S. tax-exempt assets, $125 million was invested in commercial mortgage-backed securities as of June 30.

    Total real estate assets under management were $1.181 billion.

    Of the U.S. tax-exempt assets, 98% was in existing and 2% in developmental properties. The property mix was 6% hotel/resort, 21% industrial, 9% multifamily housing, 30% office/commercial, 31% retail and 3% medical/office.

    The geographic mix was 25% West, 43% Midwest, 26% East and 6% South.

    Michael Steed is chief investment officer; Herb Kolben is client contact.

    The Yarmouth Group

    10 E. 50th St., New York, N.Y. 10022; phone: (212) 355-4810; fax: (212) 593-5186

    ($ millions)

    Tax-exempt real estate assets5,130

    Equity4,870

    Hybrid debt260

    Commingled or pooled funds

    Equity1,825

    Hybrid debt260

    Direct, separate accounts

    Equity2,100

    Co-investments

    Equity265

    Total real estate assets6,954

    Equity6,088

    Hybrid debt636

    Mortgages230

    As of June 30, The Yarmouth Group had $5.13 billion in U.S. institutional tax-exempt real estate assets, of which $4.45 billion was in fully discretionary accounts.

    The tax-exempt equity assets had a market value of $4.25 billion as of June 30. Contributions committed but not received were $620 million.

    Total real estate assets under management were $6.954 billion.

    Of the U.S. tax-exempt assets, 100% was in existing properties. The property mix was 8% hotel/resort, 1% industrial, 30% office/commercial and 61% retail. The geographic mix was 42% West, 13% Midwest, 29% East and 16% South.

    The parent company is Lend Lease Corp.

    Christopher D. Budden is the chief investment officer; David R. Hodes is the client contact.

    Recommended for You
    Read the print edition of P&I
    Read the print edition of P&I
    How low is low? Projections say it's not low enough
    How low is low? Projections say it's not low enough
    FINRA honors Wharton's Olivia Mitchell with Ketchum Prize
    FINRA honors Wharton's Olivia Mitchell with Ketchum Prize
    A Good Time for Trend Following
    Sponsored Content: A Good Time for Trend Following

    Reader Poll

    June 6, 2022
    SEE MORE POLLS >
    Sponsored
    White Papers
    Nearing the finish line: Ideas on end-state investing for corporate DB plans
    The Meaning of "Portfolio Intelligence"
    Credit Indices: Closing the Fixed Income Evolutionary Gap
    Forever in Style: Benchmarking with the Morningstar® Broad Style Indexes℠
    Crossroads: Politics, Inflation, & Bonds
    Is there a mid-cap gap in your DC plan?
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    June 20, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Content Solutions
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE Act 2.0
      • Special Reports
      • White Papers
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • WPS Innovation Awards
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • ESG Sustainability - Gaining Momentum
      • Climate Change: The Inescapable Opportunity
      • Impact Investing
      • 2022 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2022 Defined Contribution East Conference
      • 2022 DC Investment Lineup Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Performance Data
      • P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
      • Future of Investments Research Series
      • Charts & Infographics
      • Polls
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
      • 2022 Retirement Income Conference
      • 2022 Managing Pension Risk & Liabilities
      • 2022 WorldPensionSummit