Aetna Realty Investors Inc.
242 Trumbull St., Hartford, Conn. 06156-9622; phone: (203) 275-2128; fax: (203) 275-4225
($ millions)
Tax-exempt real estate assets3,398
Equity2,488
Hybrid debt882
Mortgages28
Commingled or pooled funds
Equity1,920
Hybrid debt871
Direct, separate accounts
Equity569
Hybrid debt11
Mortgages28
Total real estate assets3,398
Equity2,488
Hybrid debt882
Mortgages28
As of June 30, Aetna Realty Investors Inc. had $3.398 billion in U.S. institutional tax-exempt real estate assets, of which $3.14 billion were in fully discretionary accounts.
The tax-exempt equity assets had a market value of $2.488 billion as of June 30.
Of the U.S. tax-exempt assets, 99% were in existing and 1% in developmental properties. The property mix was 4.9% hotel/resort, 6.6% industrial, 37.6% multifamily housing, 28.7% office/commercial, 21.6% retail, 0.6% other. The geographic mix was 36.2% West, 14.4% Midwest, 34.1% East and 15.3% South.
The parent company is Aeltus Investment Management Inc.
James W. O'Keefe is the chief investment officer; Thomas J. Anathan is the client contact.
AFL-CIO Housing
Investment Trust
1717 K St. N.W., Suite 707, Washington, D.C. 20006; phone: (202) 331-8055; fax: (202) 331-8190
($ millions)
Tax-exempt real estate assets1,086
Mortgages1,086
Commingled or pooled funds
Mortgages1,086
Total real estate assets1,086
Mortgages1,086
As of June 30, AFL-CIO Housing Investment Trust had $1.086 billion in U.S. institutional tax-exempt real estate assets, all fully discretionary.
Of the U.S. tax-exempt assets, 20% were in existing and 80% in developmental properties. The property mix was 100% single-family housing.
The geographic mix was 10% West, 61% Midwest, 25% East and 4% South.
William C. Tutt is the chief investment officer; Michael M. Arnold is the client contact.
Aldrich Eastman Waltch
225 Franklin St., Boston, Mass. 01760; phone: (617) 261-9000; fax: (617) 261-9555
($ millions)
Tax-exempt real estate assets5,089
Equity2,921
REITs150
Hybrid debt330
Mortgages1,688
Commingled or pooled funds
Equity1,510
REITs141
Hybrid debt127
Mortgages22
Direct, separate accounts
Equity1,305
REITs9
Hybrid debt203
Mortgages1,618
Co-investments
Equity106
Mortgages48
Total real estate assets5,225
Equity3,040
REITs150
Hybrid debt343
Mortgages1,692
As of June 30, Aldrich Eastman Waltch had $5.089 billion in U.S. institutional tax-exempt real estate assets, of which $4.085 billion were in fully discretionary accounts.
The tax-exempt equity assets had a market value of $2.486 billion as of June 30. Contributions received but not invested were $130 million; contributions committed but not received were $305 million.
Of the U.S. tax-exempt assets, $280 million were invested in commercial mortgage-backed securities.
Of the U.S. tax-exempt assets, 92% were in existing and 8% in developmental properties. The property mix was 17% hotel/resort, 7% industrial, 14% multifamily housing, 16% office/commercial, 29% retail, 10% land and 7% mixed use.
The geographic mix was 33% West, 5% Midwest, 24% East, 17% South and 21% national.
Marvin M. Franklin is the chief investment officer; Steven D. Corkin is the client contact.
AMB Institutional Realty
Advisors
505 Montgomery St., San Francisco, Calif. 94111; phone: (415) 394-9000; fax: (415) 394-9001
($ millions)
Tax-exempt real estate assets2,175
Equity2,175
Commingled or pooled funds
Equity525
Direct, separate accounts
Equity1,650
Total real estate assets2,900
Equity2,900
As of June 30, AMB Institutional Realty Advisors had $2.175 billion in U.S. institutional tax-exempt real estate assets, of which $1.7 billion were in fully discretionary accounts.
The tax-exempt equity assets had a market value of $1.8 billion as of June 30. Contributions received but not invested were $300 million; contributions committed but not received were $75 million.
Of the U.S. tax-exempt assets, 100% were in existing properties. The property mix was 60% industrial, 10% office/commercial and 30% retail. The geographic mix was 57% West, 19% Midwest, 9% East and 15% South.
Craig A. Severance is the chief investment officer; Jean C. Hurley is the client contact.
