Legg Mason Real Estate
Services
1735 Market St., 12th Floor,
Philadelphia, PA 19103; phone: (215) 496-3000; fax: (215) 496-3079
($ millions)
Tax-exempt real estate assets 769
Equity 379
REITs 85
Mortgages 305
Fully discretionary assets 476
Tax-exempt equity assets: 379
Market value 258
Contributions committed but not received 121
Commingled or pooled funds
REITs 50
Direct, separate accounts
Equity 379
REITs 35
Mortgages 305
Property mix:
Existing 90%
Developmental 10%
Property type:
Hotel/resort 8%
Industrial 11%
Multifamily housing 5%
Office/commercial 46%
Retail 27%
Mixed-use/land 3%
Geographic mix:
West 2%
Midwest 19%
East 71%
South 8%
Total real estate assets 1,534
Equity 460
REITs 106
Mortgages 968
Parent company: Legg Mason Inc.
Chief investment officer: Doug Callantine
Client contact: Lynn Kehoe
Lend Lease Real Estate
Investments Inc.
3424 Peachtree Road N.E., Suite 800, Atlanta, GA 30326; phone: (404) 848-8600; fax: (404) 848- 2886; www.lendleaserei.com
($ millions)
Tax-exempt real estate assets 13,247
Equity 11,152
REITs 797
Mortgages 977
Commercial mortgage-backeds 321
Fully discretionary assets 8,204
Tax-exempt equity assets: 11,152
Market value 10,101
Contributions committed but not received 1,051
Commingled or pooled funds
Equity 4,838
Mortgages 503
Commercial mortgage-backeds 36
Direct, separate accounts
Equity 5,934
REITs 797
Mortgages 474
Commercial mortgage-backeds 285
Co-investments
Equity 380
Property mix:
Existing 98%
Developmental 2%
Property type:
Hotel/resort 7.7%
Industrial 9.5%
Multifamily housing 3.6%
Office/commercial 45.0%
Retail 27.0%
Timber/agriculture 0.7%
Other 6.5%
Geographic mix:
West 31.6%
Midwest 17.3%
East 32.2%
South 18.9%
Total real estate assets 21,677
Equity 17,625
REITs 891
Mortgages 1,919
Commercial mortgage-backeds 1,242
Parent company: Lend Lease Corp.
Chief investment officer: Jerrold Barag
Client contact: Jonathan Miller
The statistics shown above include data from Lend Lease Hyperion Capital Advisors LLC and Lend Lease Rosen Real Estate Securities LLC.
Lowe Enterprises
Investment Management
11777 San Vicente Blvd., Suite 900, Los Angeles, CA 90049; phone: (310) 820-6661; fax: (310) 207- 1132; www.loweenterprises.com
($ millions)
Tax-exempt real estate assets 2,028
Equity 1,989
Mortgages 39
Fully discretionary assets 1,118
Tax-exempt equity assets: 1,989
Market value 1,989
Direct, separate accounts
Equity 1,989
Mortgages 39
Property mix:
Existing 97%
Developmental 3%
Property type:
Hotel/resort 42.0%
Industrial 1.9%
Office/commercial 54.6%
Retail 0.7%
Other 0.8%
Geographic mix:
West 68.5%
Midwest 8.7%
East 17.0%
South 5.8%
Total real estate assets 2,028
Equity 1,989
Mortgages 39
Parent company: Lowe Enterprises Inc.
Chief investment officer and client contact: Theodore M. Leary
McMorgan & Co.
1 Bush St., 8th Floor, San
Francisco, CA 94104; phone:
(415) 788-9300; fax: (415) 616-9399
($ millions)
Tax-exempt real estate assets 1,702
Equity 871
Hybrid debt 350
Mortgages 481
Fully discretionary assets 1,702
Tax-exempt equity assets: 871
Market value 670
Contributions received but not invested 201
Direct, separate accounts
Equity 175
Hybrid debt 70
Mortgages 105
Co-investments
Equity 696
Hybrid debt 280
Mortgages 376
Property mix:
Existing 60%
Developmental 40%
Property type:
Hotel/resort 1%
Industrial 14%
Office/commercial 28%
Retail 12%
Single-family housing 15%
Other 30%
Geographic mix:
West 100%
Total real estate assets 1,702
Equity 871
Hybrid debt 350
Mortgages 481
Chief investment officer: Daniel E. O'Donnell
Client contact: Brian Morton
John McStay Investment Counsel
5949 Sherry Lane, Suite 1600,
Dallas, TX 75225; phone: (214) 365- 5256; fax: (214) 706-5156; www.brazosfund.com
($ millions)
Tax-exempt real estate assets 699
REITs 699
Fully discretionary assets 699
Commingled or pooled funds
REITs 142
Direct, separate accounts
REITs 557
Total real estate assets 699
REITs 699
Client contact: John L. Meder
L.J. Melody & Co.
5847 San Felipe, Suite 4400,
Houston, TX 77057; phone: (713) 787-1900; fax: (713) 787-1998; www.ljmelody.com
($ millions)
Tax-exempt real estate assets 836
Equity 40
Hybrid debt 101
Mortgages 695
Tax-exempt equity assets: 40
Market value 40
Direct, separate accounts
Equity 40
Hybrid debt 101
Mortgages 695
Property mix:
Existing 100%
Total real estate assets 11,540
Equity 40
Hybrid debt 101
Mortgages 11,399
Parent company: CB Richard Ellis
Chief investment officer: Lawrence J. Melody
Client contact: Robert P. Vestewig
