2008 CPN Goldbook - (Page 19) OWNERS, INVESTORS & DEVELOPERS AEW Capital Management L.P. AEW Capital Management L.P., together with its affiliates, manages more than $42 billion worth of property investments in North America, Europe and Asia, including $8.5 billion in REIT securities. It invests client assets with a range of objectives. During 2007, the company raised $3 billion in capital and completed new transactions involving almost $3 billion worth of property and more than $2 billion in financing. Headquartered in JEFFREY FURBER Boston, it also has offices in Los Angeles, CEO AEW Capital London and Singapore and affiliates in Paris Management L.P. and nine other European cities. Archstone Apartment owner-operator Archstone’s portfolio is concentrated in areas of Southern California, the San Francisco Bay Area, New York City, Seattle, Boston and Washington, D.C. Operating through its two brands, Archstone and Charles E. Smith, the company owns almost 360 communities, including those under construction. In October 2007, a partnership of affiliates of Tishman Speyer Real Estate Venture VII L.P. and Lehman R. SCOT SELLERS Brothers Inc. acquired Archstone in a transCEO Archstone action valued at more than $22 billion. The Alter Group The Alter Group, founded by William Alter in 1955, has developed almost 100 million square feet of speculative projects for its own portfolio and build-to-suit facilities for corporate users. The company has a new-development pipeline of nearly 7 million square feet. Its investment services division, EnTrust Realty Advisors L.L.C., recently completed the disposition of almost 650,000 square feet of office, healthcare and industrial facilities. MICHAEL ALTER The Alter Group’s affiliates offer specialPresident The Alter Group ized services like brokerage, construction, property management and healthcare-facility development. Beacon Capital Partners L.L.C. Beacon Capital Partners L.L.C. manages real estate private equity funds using a value-add investment strategy and a primary focus on office buildings in urban, knowledge-based economies that have constraints on supply as well as strong long-term fundamentals. In September 2007, the company closed its global office fund with $4 billion. It is 80 percent committed and includes recent acquisitions in London, such as the 34-story CityPoint Tower. In July 2007, Beacon acquired the AXA Tower in Paris’ La Defense area. It plans to complete the building’s renovation ALAN LEVENTHAL in 2010. Beacon Capital is based in Boston Chairman & CEO Beacon Capital Partners L.L.C. and has offices in Los Angeles, San Francisco, New York City, Washington, D.C., London and Paris. AMC Delancey Group Inc. Philadelphia-based AMC Delancey Group Inc. provides equity capital and resources to real estate operating partners in the hospitality, seniors housing and landdevelopment sectors. Projects under way include a partnership with Traditions Development Corp. to build and operate a chain of independent-living apartment facilities along the East Coast. The 120unit Traditions of Hershey opened in late 2007, and the second community is scheduled to break ground in 2008 in the ReadKENNETH BALIN ing, Pa., area. AMC Delancey is also partPresident & CEO AMC Delancey Group Inc. nering with Paramount Hotel Group L.L.C. on the new 228-key Westin Berkeley Heights in New Jersey. BentleyForbes In September 2007, BentleyForbes announced plans to pursue joint-venture equity partners for current and future investments in luxury hospitality and resort properties. The company also acquires and manages office, net lease and corporate sale-leaseback properties. Its portfolio is valued at more than $2.7 billion. The company has regional offices in Atlanta, Chicago, Dallas, Washington, D.C., and Fort Lauderdale, Fla. Typical investments emphasize multi-tenant and single-tenant Class A office properties in top central busi- C. FREDERICK WEHBA Chairman BentleyForbes ness districts or regional-submarket locations, as well as resorts and hotels in resort-destination markets. Apollo Real Estate Advisors L.P. Since its founding in 1993, Apollo Real Estate Advisors L.P. has overseen the establishment of 18 real estate funds and joint ventures totaling almost $10 billion. In June 2007, the firm, which invests in and codevelops projects throughout the country, announced a joint venture with Sang Oh Development L.L.C. to develop New Town at Capital City Market, the planned $1.2 billion revitalization of a warehouse district in Northeast Washington, D.C. In April 2007, the company acquired 24 workLEE NEIBART force-housing properties in various submarSenior Partner Apollo Real Estate Advisors L.P. kets of Los Angeles, and in January 2008 it partnered with Radiant Property Management to purchase 724 affordable housing units in Newark, N.J., for $43 million. 2008 Goldbook BlackRock Inc. BlackRock Inc.’s real estate platform manages $30 billion in debt and equity assets globally through commingled funds and separate accounts on behalf of institutional investors, foundations and endowments. The company completed more than $5 billion in real estate acquisitions in 2007, with another $1.7 billion in the final due-diligence phase. Of its total transactions, almost $5 billion were joint ventures. The firm is headquartered in FRED LIEBLICH New York City and has real estate offices Managing Director BlackRock Inc. in Florham Park, N.J.; Boston; Chicago; San Francisco; Newport Beach, Calif.; London; Melbourne; Tokyo; and Frankfurt, Germany. 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