Investment Philosophy and Process
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Investment Philosophy
We believe out-performance in the public real estate equity market is driven by having a local presence and a strong understanding of underlying real estate fundamentals. In addition, we believe active management and the ability to effectively combine both public and private real estate market research to construct a well diversified portfolio is key to successfully investing in real estate securities.
Our regional teams, which are located in the Americas, Asia, and Europe, draw on public and private real estate market research and resources in an effort to drive consistent out performance through active security, sector and country weightings.
Investment Process
Our investment process combines top-down regional and property sector allocation with bottom-up security selection.
We set the portfolios regional and sector allocation after completing a systematic review of local market economic conditions, capital markets, and real estate market trends. We focus on regions and property sectors which we believe to have the strongest fundamentals and risk-adjusted return potential.
We believe the securities we select represent the most compelling investment opportunities within markets we find attractive. Our proprietary security ranking system, which integrates both quantitative and qualitative research, evaluates company earnings growth, Net Asset Value, management quality, and capital structure to identify well-valued securities with superior earnings growth and risk-adjusted return potential.