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​​Our History
We have provided well-researched and carefully underwritten real estate investment options to our clients for thirty-six years.   
2019
Over $50 billion in assets under management
Acquired majority stake in Gramercy Europe
2017
Expanded real estate credit business through AlumCreek Holdings acquisition
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
2013
Debt Platform relaunched
2012
London office opened
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
 
1998
Sold to ING Group
1983
Separate Account business established
1982
Business established; registered with SEC
 ​

  • Property Highlights

    600 North Michigan Ave
    Chicago, IL