Aetna Realty Investors Inc.
242 Trumbull St., I65R, Hartford, Conn. 06156-9656; phone: (203) 275-2128; fax: (203) 275-4225
($ millions)
Tax-exempt real estate assets3,644
Equity3,581
Mortgages63
Commingled or pooled funds
Equity2,879
Direct, separate accounts
Equity702
Mortgages63
Total real estate assets3,644
Equity3,581
Mortgages63
As of June 30, Aetna Realty Investors Inc. had $3.644 billion in U.S. institutional tax-exempt real estate assets, of which $3.094 billion was in fully discretionary accounts.
The tax-exempt equity assets had a market value of $3.381 billion as of June 30. Contributions committed but not received were $200 million.
Total real estate assets under management were $3.644 billion.
Of the U.S. tax-exempt assets, 99% was in existing and 1% in developmental properties. The property mix was 4.5% hotel/resort, 6.8% industrial, 30.9% multifamily housing, 30.5% office/commercial, 24% retail and 3.3% congregate care and land.
The geographic mix was 50.3% West, 2.8% Midwest, 31.9% East and 15% South.
The parent company is Aeltus Investment Management Inc.
James W. O'Keefe is chief investment officer; Thomas J. Anathan is client contact.
AFL-CIO Housing
Investment Trust
1717 K St. N.W., Suite 707, Washington, D.C. 20006; phone: (202) 331-8055; fax: (202) 331-8190
($ millions)
Tax-exempt real estate assets891
Mortgages891
Commingled or pooled funds
Mortgages778
Total real estate assets891
Mortgages891
As of June 30, the AFL-CIO Housing Investment Trust had $891 million in U.S. institutional tax-exempt real estate assets, all in fully discretionary accounts.
Total real estate assets under management were $891 million.
All of the U.S. tax-exempt assets were in existing properties. The trust holds securities on 20% single-family housing and 80% multifamily housing. The geographic mix was 21% West, 57% Midwest, 19% East and 3% South.
William C. Tutt is the chief investment officer; Michael M. Arnold is the client contact.
Aldrich Eastman Waltch
225 Franklin St., Boston, Mass. 02110; phone: (617) 261-9000; fax: (617) 261-9555
($ millions)
Tax-exempt real estate assets3,450
Equity1,965
Hybrid debt490
Mortgages995
Commingled or pooled funds
Equity780
Hybrid debt34
Mortgages40
Direct, separate accounts
Equity1,185
Hybrid debt456
Mortgages955
Total real estate assets4,430
Equity2,245
Hybrid debt740
Mortgages1,445
As of June 30, Aldrich Eastman Waltch had $3.45 billion in U.S. institutional tax-exempt real estate assets, of which $2.57 billion was fully discretionary.
The tax-exempt equity assets had a market value of $1.965 billion as of June 30.
Of the U.S. tax-exempt assets, $60 million was invested in commercial mortgage-backed securities.
Total real estate assets under management were $4.43 billion.
Of the U.S. tax-exempt assets, 97% was in existing and 3% in developmental properties. The property mix was 8% hotel/resort, 8% industrial, 20% multifamily housing, 20% office/commercial, 41% retail and 3% land. The geographic mix was 37% West, 13% Midwest, 35% East and 15% South.
Marvin M. Franklin is the chief investment officer; Robert G. Gifford is the client contact.
AMB Institutional Realty
Advisors
505 Montgomery St., San Francisco, Calif. 94111; phone: (415) 394-9000; fax: (415) 394-9001
($ millions)
Tax-exempt real estate assets1,331
Equity1,331
Commingled or pooled funds
Equity298
Direct, separate accounts
Equity1,033
Total real estate assets2,118
Equity2,118
As of June 30, AMB Institutional Realty Advisors had $1.331 billion in U.S. institutional tax-exempt real estate assets, of which $854 million was in fully discretionary accounts.
The tax-exempt equity assets had a market value of $831 million as of June 30. Contributions received but not invested were $400 million; contributions committed but not received were $100 million.
Total real estate assets under management were $2.118 billion.
All of the U.S. tax-exempt assets were in existing properties. The property mix was 42% industrial, 17% office/commercial and 41% retail. The geographic mix was 68% West, 19% Midwest, 3% East and 10% South.
Hamid R. Moghadam is the chief investment officer; Jean C. Hurley is the client contact.
