REITs55
Mortgages207
Direct, separate accounts
Equity582
Hybrid-debt4
Mortgages142
Total real estate assets1,594
Equity1,186
REITs55
Hybrid-debt4
Mortgages349
William Rothe is chief investment officer.
Nicholas Patin is client contact.
L&B Real Estate Counsel
8750 North Central Expressway, Suite 800, Dallas, Texas 75231; phone: (214) 989-0800; fax: (214) 989-0700
($ millions)
Tax-exempt real estate assets2,608
Equity2,491
Hybrid-debt37
Mortgages80
Fully discretionary accounts1,024
Existing properties100%
Commingled or pooled funds
Equity804
Hybrid-debt11
Direct, separate accounts
Equity967
Hybrid-debt15
Mortgages80
Co-investments
Equity720
Hybrid debt11
Total real estate assets2,610
Equity2,493
Hybrid-debt37
Mortgages80
M. Thomas Lardner is chief investment officer.
G. Andrews Smith is client contact.
LaSalle Advisors Ltd.
200 E. Randolph, Chicago, Ill. 60601; phone: (312) 782-5800; fax: (312) 782-4339
($ millions)
Tax-exempt real estate assets7,590
Equity5,133
REITs1,233
Hybrid-debt896
Mortgages329
Fully discretionary accounts4,094
Commercial MBS75
Existing properties97%
Developmental properties3%
Commingled or pooled funds
Equity1,152
Hybrid-debt84
Direct, separate accounts
Equity3,981
REITs1,233
Hybrid-debt812
Mortgages329
Total real estate assets10,869
Equity7,313
REITs1,320
Hybrid-debt1,479
Mortgages757
Daniel W. Cummings and Lynn C. Thurber are chief investment officers.
William N. Thompson is client contact.
Legg Mason Real Estate
Services
1735 Market St., 12th Floor, Philadelphia, Pa. 19103-7501; phone: (215) 496-3000; fax: (215) 496-3079
($ millions)
Tax-exempt real estate assets866
Equity238
Hybrid-debt203
Mortgages425
Fully discretionary accounts658
Commercial MBS11
Existing properties100%
Direct, separate accounts
Equity238
Hybrid-debt203
Mortgages425
Total real estate assets866
Equity238
Hybrid-debt203
Mortgages425
Douglas S. Callantine is chief investment officer and client contact.
Lowe Enterprises
Investment Management Inc.
11777 San Vincente Blvd., Suite 900, Los Angeles, Calif. 90049; phone: (310) 820-6661; fax: (310) 207-1132
($ millions)
Tax-exempt real estate assets1,730
Equity1,452
Mortgages278
Fully discretionary accounts595
Existing properties100%
Commingled or pooled funds
Equity59
Direct, separate accounts
Equity1,393
Mortgages278
Total real estate assets1,752
Equity1,474
Mortgages278
Robert J. Lowe is chief investment officer.
J.P. Hyan is client contact.
McMorgan & Co.
1 Bush St., Suite 800, San Francisco, Calif. 94104; phone: (415) 788-9300; fax: (415) 616-9300
($ millions)
Tax-exempt real estate assets1,099
Equity383
Mortgages716
Fully discretionary accounts1,099
Existing properties89%
Developmental properties11%
Direct, separate accounts
Equity383
Mortgages716
Total real estate assets1,099
Equity383
Mortgages716
Dan O'Donnell is chief investment officer.
Brian Morton is client contact.
L.J. Melody & Co.
5847 San Felipe, Suite 4400, Houston, Texas 77057; phone: (713) 787-1900; fax: (713) 787-1998
($ millions)
Tax-exempt real estate assets942
Equity14
Hybrid-debt202
Mortgages726
Existing properties100%
Direct, separate accounts
Equity14
Hybrid-debt202
Mortgages726
Total real estate assets7,400
Equity14
Hybrid-debt202
Mortgages7,184
Lawrence J. Melody is chief investment officer.
Steven H. Hammer is client contact.
MetLife Realty Group Inc.
1 N. Broadway, White Plains, N.Y. 10601; phone: (914) 422-6800; fax: (914) 422-6880
($ millions)
Tax-exempt real estate assets1,031
Equity1,001
Mortgages30
Fully discretionary accounts998
Commercial MBS30
Existing properties100%
Commingled or pooled funds
Equity769
Mortgages30
Direct, separate accounts
Equity232
Total real estate assets1,315
Equity1,211
REITs74
Mortgages30
Thomas P. Lydon Jr. is chief investment officer.
John Kvernland is client contact.
Metric Realty
1 California St., San Francisco, Calif. 94111; phone: (415) 678-2000; fax: (415) 678-2293
($ millions)
Tax-exempt real estate assets1,004
Equity916
REITs88
Fully discretionary accounts355
Existing properties100%
Commingled or pooled funds
Equity211
REITs88
Direct, separate accounts
Equity705
Total real estate assets1,272
Equity1,142
REITs130
Ronald E. Zuzack is chief investment officer.
James Keagy is client contact.
Midland Advisory Services
33 N. Garden Ave., Suite 1200, Clearwater, Fla. 34615; phone: (813) 461-4801; fax: (813) 443-6067
($ millions)
Tax-exempt real estate assets345
Mortgages345
Fully discretionary accounts78
Commercial MBS5
Existing properties51%
Developmental properties49%
Commingled or pooled funds
Mortgages120
Direct, separate accounts
Mortgages225
Total real estate assets483
Equity72
Mortgages411
Keith J. Gloeckl is chief investment officer.
Don R. Reynolds is client contact.
J.P. Morgan Investment
Management Inc.
522 Fifth Ave., New York, N.Y. 10036; phone: (212) 837-2300; fax: (212) 837-2602
($ millions)
Tax-exempt real estate assets9,033
Equity2,639
Hybrid-debt373
Mortgages6,021
Fully discretionary accounts9,029
Commercial MBS570
Existing properties98.9%
Developmental properties1.1%
Commingled or pooled funds
Equity2,274
Hybrid-debt334
Mortgages5,479
Direct, separate accounts
Equity290
Mortgages542
Co-investments
Equity75
Hybrid-debt39
Total real estate assets9,045
Equity2,639
Hybrid-debt385
Mortgages6,021
Thomas M. Luddy is chief investment officer.
Dennis M. Kass is client contact.
The O'Connor Group
399 Park Ave., New York, N.Y. 10022; phone: (212) 308-7700; fax: (212) 308-7880
($ millions)
Tax-exempt real estate assets2,726
Equity2,255
Hybrid-debt39
Mortgages432
Fully discretionary accounts333
Existing properties97%
Developmental properties3%
Commingled or pooled funds
Equity1,001
Mortgages359
Direct, separate accounts
Equity1,254
Hybrid debt39
Mortgages73
Total real estate assets4,603
Equity3,025
Hybrid-debt915
Mortgages663
J.W. O'Connor Jr. is chief investment officer.
Julie Brenton is client contact.
Phoenix Realty Advisors
38 Prospect St., Hartford, Conn. 06115; phone: (860) 403-5005; fax: (860) 403-7270
($ millions)
Tax-exempt real estate assets2,660
Equity1,289
REITs 41
Hybrid-debt32
Mortgages1,298
Fully discretionary accounts1,073
Commercial MBS330
Existing properties100%
Commingled or pooled funds
Equity493
REITs41
Hybrid-debt31
Mortgages330
Direct, separate accounts
Equity796
Hybrid-debt1
Mortgages968
Total real estate assets5,910
Equity4,539
REITs41
Hybrid-debt32
Mortgages1,298
Scott C. Noble is chief investment officer.
Gerald W. Hayes is client contact.
