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Adelante Capital Management

Founded in 1995, Adelante is a global investment management firm focused on real estate securities. As specialists in listed real estate, 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 many long-term, stable 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 commercial 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 real estate investment knowledge and experience.

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News & Insights

Learn from our library of articles showcasing our industry expertise
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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
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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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1Q16 Capital Market Review

Volatility escalated in the first quarter; 2016 has been a tale of two markets, as REITs and broader equities started the year with profound weakness, but rallied meaningfully into period end and rewarded investors. From the opening bell, equities were soft to start the year as the S&P endured its sixth-worst starting day since 1932 falling by 1.5%. Market
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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

Yellen Speaks at Jackson Hole

In the U.S.: Fed Chair Janet Yellen noted that the U.S. economy is moving closer to the Fed’s employment and inflation goals and that the case for another rate hike has strengthened in recent months. However, she reiterated that any move would be data dependent and gradual, which in the light of several uncertainties, such as the Brexit and

China’s retail spending projected to exceed U.S.

In the U.S.: July Headline CPI was unchanged at 0.2% which was in line with consensus estimates. July Core CPI was up 0.1% m/m in July following a 0.2% gain in June. Although CPI figures were still sluggish, economists noted that the low energy prices that had hampered inflation had begun to rebound in August. There were no real

Disappointing retail sales

In the U.S.: July headline PPI fell 0.4% m/m versus June’s increase of 0.5% m/m. The disappointing reading, which missed the consensus estimate for an increase of 0.1% m/m, was mainly attributed to a 0.3% drop in core services prices. REIT Focus: SL Green Realty Corp. (SLG) announced that it would sell a 40% stake in Eleven Madison Ave,

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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