Our History
We have provided well-researched and carefully underwritten real estate investment options to our clients for thirty-eight years.
2020
Over $56 billion in assets under management
2019
Acquired majority stake in Gramercy Europe
2016
Management-led recapitalization; became independent affiliate of Legg Mason
2015
Acquired Gables Residential; launched open-end residential fund
Fourth fund in opportunistic series
Student housing fund launched
2011
Management buyout completed
2006
Mexico fund established
Hospitality platform created
2005
$3 B public REIT acquired;
apartment platform established
Value-add investment option
2002
$1.5 B private REIT acquired,
creating industrial platform
2000
Core open-end fund launched
1999
First fund in opportunistic series
1983
Separate Account business established
1982
Business established; registered with SEC
