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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

3Q18 Capital Market Review

Make no mistake; the US economy is doing well. The third estimate of Second Quarter GDP growth came in at 4.2% compared to 3.0% for Second Quarter 2017 and the latest estimate for Third Quarter GDP growth from the Federal Reserve Bank of Atlanta is 4.2%. According to the Bureau of Labor Statistics, changes in total nonfarm payroll in

3Q18 Capital Market Outlook

In an era of rising rates, proponents of sectors like Utilities and REITs which are perceived to be interest rate sensitive can only offer two arguments in their defense: (i) interest rates (on the long end) aren’t going to go up much further or (ii) the afore-mentioned sectors aren’t really negatively impacted by rising rates. On September 25 last

2Q18 Capital Market Outlook

To a certain extent, all of the headwinds confronting the asset class are still gusting against the bow of USS REITs but perhaps the 13% decline to start the new year was overdone. Retail REITs still comprise 18% of the Index but sentiment has certainly shifted in favor of the tenants and, by extension, the landlords. The message coming

2Q18 Capital Market Review

US equity investors spent most of Second Quarter wondering if the various indices would revisit the lows made in February. From a top down perspective, they had every reason to worry: (i) an activist FOMC, (ii) trade wars all around and (iii) mega-cap tech companies under regulatory threat; however, the balance or risk did seem more favorable within the
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

CyrusOne, Inc. (CONE)

North America In the U.S.: Bloomberg reported that President Trump wants to reach a trade deal with Chinese President Xi when they meet later this month and asked key US officials to begin drafting potential terms. The news followed a recent call between the leaders and would be a strong step forward to ending the trade war. However, critics

Forest City Realty Trust, Inc. (FCE/A)

North America In the U.S.: The advance estimate of Q3 GDP was 3.5% q/q SAAR versus Q2’s 4.2% q/q reading. Consumer spending provided a big boost, jumping 4.0%, and private inventories were also a positive contributor, up to 2.1%. In earnings, 240 companies in the S&P 500 Index have reported, 72.2% beat, 5.6% were in-line, and 22.2% missed estimates.

The Parking REIT

North America In the U.S.: The economic ties between the US and Saudi Arabia were strained this week following the disappearance and apparent death of Washington Post journalist Jamal Khashoggi. Khashoggi was last seen entering the Saudi consulate in Istanbul where it is suspected he was murdered and dismembered during an interrogation by members of the Saudi government. In

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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