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Adelante Capital Management

Founded in 1995, Adelante is a minority-owned global investment management firm focused on publicly traded real estate securities, predominantly REITs. We employ a disciplined investment process seeking high quality portfolios for our clients at attractive prices relative to direct real estate values or Net Asset Value (“NAV”). Learn more about our firm

Institutional Investors

Adelante’s legacy as a premier real estate securities investment firm is a reflection of our long-term relationships with institutional investors and the financial investment consultants that serve and represent our clients, as well as companies in the commercial real estate investment community.

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Financial Professionals

The inclusion of real estate securities in an investment portfolio and access to quality real estate investment expertise is no longer the sole realm of the institutional investor. Through their financial advisors, individual investors can access Adelante’s deep investment knowledge and experience.

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Insights

Learn from our library of articles showcasing our industry expertise

The Road Ahead for REITs

As we await recounts in some of the close battle ground states and the inevitable lawsuits to follow (did anyone expect this annus horribilis to end differently?), we wanted to take a break from constantly refreshing websites for updated vote counts to offer quick thoughts on the election and its impact on REITs for the months ahead. While the

I see REIT Passive Ownership Rising… Is Trouble on the Way?

The efficient-market hypothesis (EMH) is a long-debated economic theory first introduced in nascent terms in the early 1900s, and advanced starting in the 1950s, which essentially suggests “security prices fully reflect all available information.” Although variations exist, the natural conclusion is that stock price movements are unpredictable; therefore “you cannot beat the market” and active portfolio management is a

4Q18 Capital Market Outlook

Since August 27, when Michael Bauer and Thomas Mertens published their FRBSF Economic Letter titled Information in the Yield Curve about Future Recessions, the ten-year-three-month spread has gone from “nearly 1 percentage point away from an inversion” to low of 15 bps on January 3, 2019. Put another way, investors were willing to lend money for ten years for

4Q18 Capital Market Review

The US economy is still expanding albeit at a slower rate. The third estimate of Third Quarter GDP growth came in at 3.4%, compared to 2.8% for Third Quarter 2017, and the latest estimate for Fourth Quarter GDP growth from the Federal Reserve Bank of Atlanta is 2.8%. According to the Bureau of Labor Statistics, changes in total nonfarm
Michael Torres Testimonial
Michael TorresWe honor the privilege entrusted in us by each and every client.
Jeung Hyun Testimonial
Jeung HyunOur size allows us to apply our NAV metric in the most disciplined manner possible.

Friday Market Recap

Weekly Assessment of Global Real Estate Trends

Rexford Industrial Realty, Inc. (REXR)

ASIA In China: Most major product groups grew, except for mobile handsets and textiles, further solidifying China’s robust recovery from COVID. In Japan: The government raised its alert for the strain on the medical system to the highest of four levels and experts warned of serious consequences if the current trends did not reverse course soon. REIT Focus: Keppel

Apartment Investment and Management Company (AIV)

ASIA In China: The move further strains the economic relationship between both countries. In addition, the outlook of the Biden administration quickly reestablishing the status quo before the Trump administration took over, was dealt a blow this week when the New York Times reported that Biden would not remove the 25% tariffs on goods immediately. US President Elect Biden

Hudson Pacific Properties (HPP)

ASIA In China: This comes as Australian coal imports are still being blocked and the number of coal ships waiting on China’s coast has grown to over 80 ships. In Japan: Gov. Kuroda reiterated the BOJ’s view that Japan’s economy is on track for a moderate recovery The restrictions in Tokyo are aimed at nightlife businesses and run through

Domestic Real Estate Securities Strategy

Adelante Capital Management’s domestic real estate securities strategy is designed for those investors who recognize the diversification benefits of real
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Global Real Estate Securities Strategy

Adelante’s Global Real Estate Investment Strategy is designed for those private and institutional and individual investors who both recognize the diversification benefits of real estate in their overall investment portfolios and also desire exposure outside the U.S. commercial real estate market.

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COVID-19 UPDATE: Keeping you informed