AEW Capital Management
225 Franklin St., Boston, Mass. 02110; phone: (617) 261-9000; fax: (617) 261-9555
($ millions)
Tax-exempt real estate assets 5,790
Equity 4,279
REITs 390
Hybrid debt 426
Mortgages 408
Commercial mortgage-backeds 287
Commingled or pooled funds
Equity 1,739
REITs 107
Commercial mortgage-backeds 287
Direct, separate accounts
Equity 2,532
REITs 283
Hybrid debt 426
Mortgages 408
Co-investments
Equity 8
Total real estate assets 6,542
Equity 4,994
REITs 392
Hybrid debt 431
Mortgages 408
Commercial mortgage-backeds 317
As of June 30, AEW Capital Management L.P. had $5.79 billion in U.S. institutional tax-exempt real estate assets, of which $3.936 billion were in fully discretionary accounts.
The tax-exempt equity assets had a market value of $4.091 billion as of June 30. Contributions committed but not received were $188 million.
Of the U.S. tax-exempt assets, 91% were in existing, and 9% in developmental, properties.
The property mix was 5% hotel/resort, 14% industrial, 15% multifamily housing, 16% office/commercial, 26% retail, 6% timber/agriculture and 18% mixed-use.
The parent company is New England Investment Cos.
Thomas H. Nolan Jr. is the chief investment officer; Steven D. Corkin is the client contact.
AFL-CIO Building
Investment Trust
1717 K St. N.W., Washington, D.C. 20006; phone: (202) 331-8055; fax: (202) 331-8190
($ millions)
Tax-exempt real estate assets 566
Equity 179
Hybrid debt 138
Mortgages 249
Commingled or pooled funds
Equity 179
Hybrid debt 138
Mortgages 249
Total real estate assets 566
Equity 179
Hybrid debt 138
Mortgages 249
As of June 30, AFL-CIO Building Investment Trust had $566 million in U.S. institutional tax-exempt real estate assets, all of which were in fully discretionary accounts.
The tax-exempt equity assets had a market value of $179 million as of June 30.
Of the U.S. tax-exempt assets, 62% were in existing, and 38% in developmental, properties. The property mix was 5% hotel/resort, 15% industrial, 24% multifamily housing, 35% office/commercial and 21% retail. The geographic mix was 31% West, 23% Midwest, 36% East and 10% South.
John Black is the chief investment officer; Michael Arnold is the client contact.
Allegis Realty Investors
242 Trumbull St., Hartford, Conn. 06103-1205; phone: (860) 275- 3080; fax: (860) 275-4225
($ millions)
Tax-exempt real estate assets 3,769
Equity 3,737
Mortgages 32
Commingled or pooled funds
Equity 3,065
Direct, separate accounts
Equity 672
Mortgages 32
Total real estate assets 3,864
Equity 3,833
Mortgages 32
As of June 30, Allegis Realty Investors L.L.C. had $3.769 billion in U.S. institutional tax-exempt real estate assets, of which $3.589 billion were in fully discretionary accounts.
The tax-exempt equity assets had a market value of $3.737 billion as of June 30.
Of the U.S. tax-exempt assets, 99% were in existing, and 1% in developmental, properties. The property mix was 6% hotel/resort, 11.1% industrial, 31.7% multifamily housing, 32.2% office/commercial and 19% retail.
The geographic mix was 37% West, 15% Midwest, 30% East and 18% South.
James W. O'Keefe is the chief investment officer; Thomas J. Anathan is the client contact.
AMB Institutional
Realty Advisors Inc.
505 Montgomery St., San Francisco, Calif. 94111; phone: (415) 394-9000; fax: (415) 394-9001
($ millions)
Tax-exempt real estate assets 1,857
Equity 1,857
Commingled or pooled funds
Equity 718
Direct, separate accounts
Equity 1,139
Total real estate assets 2,162
Equity 2,162
As of June 30, AMB Institutional Realty Advisors Inc. had $1.857 billion in U.S. institutional tax-exempt real estate assets, of which $1.26 billion were in fully discretionary accounts.
The tax-exempt equity assets had a market value of $1.657 billion as of June 30. Contributions received but not invested were $200 million.
All of the U.S. tax-exempt assets were in existing properties. The property mix was 67% industrial, 4% office/commercial and 29% retail.
The geographic mix was 47% West, 19% Midwest, 12% East and 22% South.
Craig A. Severance is the chief investment officer; Jean C. Hurley is the client contact.
