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Adelante Capital Management

Founded in 1995, Adelante is a global investment management firm focused on real estate securities, predominantly REITs. Adelante employs a disciplined investment approach seeking high quality assets at attractive prices relative to direct real estate values. 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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News & Insights

Learn from our library of articles showcasing our industry expertise
SPG & GGP

SPG & GGP Call an Audible on Aéropostale

Mall REIT juggernaut Simon Property Group (“SPG”) and General Growth Properties (“GGP”) called an audible last week in a last ditch effort to save bankrupt retailer Aéropostale from liquidation. A group ostensibly led by SPG and GGP successfully bid $243.3 million at auction, beating a credit-bid of $150 million where the most likely outcome was the shuttering of the
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2Q16 Capital Market Outlook

The stunning Brexit vote was the final nail in the coffin for any further intervention by the FOMC for the rest of 2016. In fact, many in the investment community believe that the FOMC tightening cycle is over, having effectively started with the exit from Quantitative Easing (remember the “Taper Tantrum?”); the current implied probabilities for a future rate
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2Q16 Capital Market Review

REITs outperform in a volatile quarter. Leading into the final round of the 2016 US Open, Dustin Johnson, the eventual champion, was asked about the disastrous three-putt on the final hole of last year’s US Open which cost him that tournament, to which he replied with aplomb, “What happened last year?” If Dustin Johnson was asked about the global
capital market outlook

1Q16 Capital Market Outlook

It’s entirely plausible for volatility to remain amplified throughout the year and it wouldn’t be surprising to see the equity markets re-test the lows of 1Q16 again later this year. China’s slowing economic growth and currency devaluation will likely continue to weigh on the global economy (here, it is worth reminding readers that outside of a few select companies
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Michael TorresWe honor the privilege entrusted in us by each and every client.
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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

Fed Left Rates Unchanged

In the U.S.: The Fed left rates unchanged and noted that economic activity has picked up from the modest pace seen in first half of the year. Fed Chair Janet Yellen stated that “near-term risks to the economic outlook appear roughly balanced” and that the Fed decided to wait for further progress towards their objectives. REIT Focus: Following the antitrust

Brooklyn Modernizes Office

In the U.S.: August CPI increased 0.2% m/m versus July’s flat reading while Core CPI increased 0.3% m/m versus July’s 0.1% m/m reading. Strong medical care results were cited as one of the main catalysts to the better inflation reading, which could potentially weigh on the Fed meeting decision next Wednesday. REIT Focus: Forest City Realty Trust (FCE.A) announced a

Shenzhen-Hong Kong Stock Connect

In the U.S.: August ISM nonmanufacturing index fell to 51.4 from July’s 55.5 reading. The weaker than expected figures were the lowest since February 2010 and highlighted a sharp slowdown in business activity and new orders. REIT Focus: Kimco Realty Corporation (KIM) bought the remaining 85% interest in a Four-Property joint venture for $170.7M. The properties are located the major metropolitan

Domestic Real Estate Investment Strategy

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