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Adelante Capital Management

Founded in 1995, Adelante is a global investment management firm focused on 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

Amazon-Whole Foods Merger Casts Smaller Shadow Over Retail REITs

Amazon’s (AMZN) announcement on the morning of June 16, 2017 that it had entered into an agreement to acquire Whole Foods Market (WFM) for $42 per share in an all-cash transaction valued at $13.7 billion was positively received by shareholders of both companies. WFM shares ended the day up 29.1% (above the acquisition price in anticipation of a competing/higher

2Q17 Capital Market Outlook

If the dual mandate of the FOMC is full employment and stable price (i.e. fighting inflation) and the FOMC’s preferred measure of inflation, the core personal consumption expenditures price index (“PCE”) is tipping downward by their own admission, why is the FOMC continuing on their tightening path? Well, the FOMC’s Philips Curve models say so. Named after a British

2Q17 Capital Market Review

Politics provided plenty of entertainment during the quarter but looking back on the past three months, nothing much has really happened and the effect of politics on the financial markets have been ephemeral. President Trump firing FBI director Comey might have created a media firestorm and a sharp one-day drawdown in the equity markets but it may end up

Amazon’s $13.7 Billion Step into Bricks & Mortar

Last Friday, e-commerce juggernaut Amazon announced an agreement to acquire Whole Foods Market in an all-cash transaction valued at $13.7 billion. Whole Foods Market generated sales of nearly $16 billion in 2016 across more than 460 stores in the U.S., Canada and the U.K., which represents an estimated 2.5% share of the entire grocery industry. Share prices of competing
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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

Kilroy Realty Corp (KRC)

In the U.S.: President Trump signed an executive order that began to unwind the Affordable Care Act. The President’s move allowed for the sale of less comprehensive plans than the law currently allows. On Friday, President Trump followed up his executive order by announcing that the S. Government would cut off payment to health insurers that offset consumer subsidies.

Switch, Inc. (SWCH)

In the U.S.: September nonfarm payrolls showed a 33K contraction, the first drop in the metric since September 2010. Economists noted that the Impacts from hurricanes Irma and Harvey led to a sharp decline of employment in food services, drinking places, and other storm-impacted industries. The overall unemployment rate ticked down to 4.2%. REIT Focus: Switch, Inc. (SWCH), a

DDR Corp. (DDR)

In the U.S.: The Senate’s third effort to repeal and replace Obamacare failed to garner the support needed to pass and would not be brought for a vote. The failure was yet another blow to senate majority leader Mitch McConnell and the Republican base. Republicans released a plan to overhaul the tax code that would cut the corporate tax

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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