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Adelante Capital Management Named to PSN Top Guns List of Best Performing Strategies for Q2 2022

Adelante Capital Management Named to PSN Top Guns List of Best Performing Strategies for Q2 2022
Quarterly PSN Top Guns List published by Zephyr identifies best-in-class separate accounts, managed accounts, and managed ETF strategies

Alameda, California August 18, 2022— Adelante Capital Management (“Adelante”) announced today it has been named to the celebrated PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies for Q2 2022. The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers.

“With the growing interest in separately managed accounts, the PSN Top Guns List has attracted greater attention,” says Margaret Tobiasen, SVP of Data Distribution who cites PSN’s pioneering efforts as the first SMA database as the reason for the list’s popularity. “Adelante Capital Management has done remarkable work and we are pleased to include them as a top performer.”

  • In November 2017 Adelante Capital Management created the Adelante NEXTGen Property Securities Index. This index is designed to serve as a proxy for the non-traditional commercial real estate property types that have evolved and emerged over the past decade.
  • The Adelante NewCORE strategy seeks to build a concentrated portfolio of diversified US real estate securities that will outperform the Adelante NEXTGen Property Securities Index.
  • The NewCORE Strategy targets real estate companies in the NEXTGen Property Types that are undervalued and have attractive growth potential. Our investment team leverages our experience in the direct real estate markets and property operations to deliver the best proxy for real estate returns to clients.

“Being named to the PSN Top Gun List is a great honor and a testament to our NewCORE strategy focusing on non-traditional sectors to deliver superior performance for our clients,” says Jeung Hyun, Adelante Portfolio Manager. “Our investment team does an exceptional job of researching and investing in a select number of companies; with two portfolio holdings being the beneficiaries of M&A during the quarter, our value discipline continues to find validation.”

Through a combination PSN’s proprietary performance screens, the PSN Top Guns List ranks products in six proprietary categories in over 75 universes based on continued performance over time.

Adelante’s NewCORE strategy was named Top Gun 1-3 Stars rating, meaning our NewCORE strategy:

1-Star REIT Universe: had one of the top ten returns for the quarter in their respective strategy.

2-Star REIT Universe: had one of the top ten returns for the one-year period in their respective strategy.

3-Star REIT Universe: had one of the top ten returns for the three-year period in their respective strategy.

The objective of the NewCORE Strategy is to produce long-term capital growth and current return by investing in a diversified portfolio of U.S. public real estate securities in non-traditional property types that have emerged over the past decade.

The complete list of PSN Top Guns and an overview of the methodology can be located at https://psn.fi.informais.com/.  Registration is required.

About Adelante Capital Management

Founded in 1995, Adelante Capital Management is a minority and employee-owned SEC registered investment management firm focused on real estate securities, predominantly real estate investment trusts, with $2 billion of assets under management. As specialists in real estate equities, we employ a disciplined investment process seeking high quality portfolios for our clients at attractive prices relative to direct real estate values. Our property-centric research is conducted by an in-house team of experienced sector and regional experts who have meaningful, long-term relationships with company management. With high conviction in our investment decisions our portfolios are concentrated and managed with low turnover to capture real estate fundamentals.

About PSN

For nearly four decades, PSN has been a top resource for investment professionals. Asset managers rely on Zephyr’s PSN to effectively reach institutional and retail investors rely. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of nearly 40 Years of Data Including Net and Gross-of-Fee Returns. For more details on the methodology behind the PSN Top Guns Rankings or to purchase PSN Top Guns Reports, contact Margaret Tobiasen at Margaret.tobiasen@informa.com. Visit PSN online to learn more.



Adelante on top | Pensions & Investments

Adelante is delighted to present Pensions & Investments Special Report: Top-Managers.

Excerpt: Adelante Capital Management LLC’s NewCORE strategy led the overall domestic equity strategy category for the year ended Sept. 30, with a gross return of 32.6%. The strategy, which debuted less than two years ago, emphasizes real estate securities that represent opportunities that are hard to find in private real estate markets, said Jeung Hyun, Oakland, Calif.-based principal and portfolio manager at Adelante Capital, in a telephone interview.

Disclosure: Adelante Capital Management, LLC (“Adelante”) is a registered investment adviser with the SEC. This report is for informational and professional purposes only, cannot be distributed without express written consent, and does not constitute advice, an offer to sell, or a solicitation of an offer to buy any securities and may not be relied upon in connection with any offer or sale of securities. The contents of this report should not be relied upon in making investment decisions. The information and statistical data contained herein have been obtained from sources that we believe to be reliable but in no way are warranted by us as to accuracy or completeness. The accompanying performance statistics are based upon historical performance and are not indicative of future performance. The types of investments discussed do not represent all the securities purchased, sold, or recommended for clients. You should not assume that investments in the securities or strategies identified and discussed were or will be profitable.  While many of the thoughts expressed in this report are stated in a factual manner, the discussion reflects only Adelante’s beliefs about the financial markets in which it invests portfolio assets. The descriptions herein are in summary form, are incomplete and do not include all the information necessary to evaluate an investment in any investment or strategy.



PM Jeung Hyun featured on Nightly Business Report – September 16, 2019

Market Monitor: Jeung Hyun

The views expressed in this interview are as of September 16, 2019.  These views and any portfolio holdings discussed in the interview are subject to change at any time based on market or other conditions. The adviser disclaims any duty to update these views, which may not be relied upon as investment advice.





Pensions & Investments Recognizes Adelante as a Top-Performing Manager

Entire Contents copyright by Crain Communications Inc. All rights reserved.

For details regarding these rankings, please click here to visit Pensions & Investments online.

Awards and Recognitions: Awards listings, rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Adelante Capital Management LLC (“Adelante”) is engaged, or continues to be engaged, to provide investment advisory services, nor should it be construed as a current or past endorsement of Adelante by any of its clients. Awards listings, rankings and/or recognition published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized advisor.







Michael Torres on The Steve Pomeranz Show

How Online Shopping Is Forever Changing Real Estate As We Know It

November 22, 2017

 



Adelante Capital Management Launches Two New Indexes

ADELANTE CAPITAL MANAGEMENT, LLC LAUNCHES ADELANTE NEXTGEN PROPERTY SECURITIES (ACMNXT) INDEX AND ADELANTE CORE PROPERTY SECURITIES (ACMCOR) INDEX ‘POWERED BY WILSHIRE’

— Adelante Capital Management seeks to redefine the $1Trillion listed real estate market —

OAKLAND, Calif., November 9, 2017 The Adelante NEXTGen Property Securities (ACMNXT) Index and Adelante CORE Property Securities (ACMCOR) Index created by Adelante Capital Management, LLC (ACM), with Wilshire Associates retained as custom index consultant and calculation agent, now provides investors a better measure of publicly-traded real estate securities, primarily Real Estate Investment Trusts (REITs), by introducing two universes of property securities that have been constructed by property type. The inception date for both Indexes is December 31, 2004.

Adelante NEXTGen Property Securities (ACMNXT) Index℠ is designed to serve as a proxy for non-traditional commercial real estate property types that have evolved and emerged over the past decade. The growth in the number and size of companies in the NEXTGen universe is a testament to the validity and need for this unique Index. Over the past 10 years, this Index has handedly outperformed the Wilshire US REIT Index and the S&P 500 Index.

  • The Adelante NEXTGen Index outperformed the FTSE NAREIT Equity Index and the S&P 500 by over 560 and 368 basis points, respectively, over ten years ending October 31, 2017.
  • The Adelante NEXTGen Index has produced a 16.7% annualized return following the Global Financial Crisis (since December 31, 2008).
  • The Adelante NEXTGen Index provides a 4.8% average dividend yield.
  • The three largest companies are: American Tower Corporation, Crown Castle International Corp., and Public Storage; the Index has 56 companies, $8.1B average market cap.

The Adelante CORE Property Securities (ACMCOR) Index℠ is designed to serve as a proxy for widely accepted commercial real estate property types. The established CORE universe of commercial real estate property types has been widely accepted by investors globally. Over the past 10 years, this Index has tracked to widely accepted measures of institutional real estate.

  • The Adelante CORE Index outperformed the NCRIEF ODCE by 717 basis points since the Global Financial Crisis (since December 31, 2008).
  • The Adelante CORE Index has produced a 13.9% annualized return following the Global Financial Crisis (since December 31, 2008).
  • The Adelante CORE Index provides a 4.6% average dividend yield.
  • The three largest companies are: Simon Property Group, Inc., Prologis, Inc. and AvalonBay Communities, Inc.; the Index has 105 companies, $5.1B average market cap.

“We are proud to introduce the ACMNXT Index and the ACMCOR Index, calculated by Wilshire,” states Michael A. Torres, CEO of Adelante Capital Management. “These indexes enable investors to more accurately evaluate the public and private commercial real estate markets and establishes the universe of NEXTGen property types, which are difficult to access privately,” added Torres.

“Wilshire Analytics is proud to fuel two new Powered by Wilshire index offerings from Adelante Capital Management, LLC. Wilshire’s index consulting and calculation expertise combined with ACM’s proprietary commercial real estate index methodology demonstrates the value of a Powered by Wilshire approach to help clients bring innovative index strategies to market quickly,” commented Jason Schwarz, president of Wilshire Analytics.

For more information about the ACMCOR and ACMNXT Indexes, please visit https://wilshire.com/indexcalculator/poweredbywilshire.htm.

About Adelante Capital Management

Founded in 1995, Adelante is a minority and employee-owned SEC registered global investment management firm focused on real estate securities with $1.9 billion of assets under management. Adelante employs a disciplined investment process seeking high quality portfolios for their clients at attractive prices relative to direct real estate values or Net Asset Value (“NAV”). As pioneers in publicly listed real estate investing, Adelante offers over 150 years of collective knowledge and experience to their global real estate securities investment strategies. Property-centric research is conducted by an in-house team of experienced sector and regional experts who have meaningful, long-term relationships with company management. With high conviction in investment decisions Adelante’s portfolios are concentrated and managed with low turnover to capture real estate fundamentals.

Please visit https://adelante.com/ for more information.

Follow us on Twitter: @AdelanteCapital

About Wilshire Associates

Wilshire Associates (Wilshire®), a leading global financial services firm founded in 1972, provides consulting services, analytics solutions and customized investment solutions to plan sponsors, investment managers and financial intermediaries. Its business units include, Wilshire Analytics, Wilshire Consulting, Wilshire Funds Management and Wilshire Private Markets.

The firm was founded in 1972, providing revolutionary technology and acting as an early innovator in the application of investment analytics and research to investment managers in the institutional marketplace. Wilshire also is credited with helping to develop the field of quantitative investment analysis that uses mathematical tools to analyze market risks. All other business units evolved from Wilshire’s strong analytics foundation. Wilshire calculates and distributes indexes Powered by Wilshire based on third-party supplied methodology and makes no representation about the intended purpose or methodology used to construct them.

For more about Wilshire Associates, visit www.wilshire.com.

Follow on Twitter: @WilshireAssoc

Adelante Capital Management

Media Contact:

Sandra Poole
+1-510-986-2151 (O)
Indexes@Adelante.com

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Visit Adelante’s Booth #657 November 14-17! IMPACT® 2017



PM Jeung Hyun featured on Nightly Business Report – September 29, 2017

Market Monitor: Jeung Hyun

The views expressed in this interview are as of September 29, 2017.  These views and any portfolio holdings discussed in the interview are subject to change at any time based on market or other conditions. The adviser disclaims any duty to update these views, which may not be relied upon as investment advice.







Announcing the new Adelante.com

“As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them.” John F. Kennedy

Adelante is proud to share the relaunch of our website. We would like to take this opportunity to say thank you to our clients and friends, we appreciate the privilege to serve you each and every day.

Adelante.com

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Michael Torres “On The Money” Interview Segment

On August 17, 2016 Michael Torres was a featured guest expert for “On The Money Radio” with Steve Pomeranz for “The Next Big Bang In Real Estate Investing” segment.







Pensions & Investments Recognizes Adelante as a Top-Performing Manager

We are pleased to announce in the May 4, 2015 edition of Pensions & Investments Adelante Capital Management was recognized as a Top-performing manager in our Total Return Fund for the 1 year period ended March 31, 2015.

Please click HERE to view the article.

Entire Contents copyright by Crain Communications Inc. All rights reserved.

The views expressed in this article are as of the date of the publication. These views and any portfolio holdings discussed in the article are subject to change at any time based on market or other conditions. The adviser disclaims any duty to update these views, which may not be relied upon as investment advice. In addition, references to specific companies’ securities should not be regarded as investment recommendations or indicative of the Adviser portfolios. Past performance is no guarantee of future results and investments entail the potential for loss as well as gain.



Adelante Hires Peter Brennan, Executive Vice President – Head of Distribution

Today we are pleased to introduce Peter Brennan, Executive Vice President – Head of Distribution. He will lead our global distribution team, including institutional sales, retail advisory sales, marketing, and client service. Our new team is responsible for expanding and retaining Adelante’s global assets under management.

Mr. Brennan is a CPA by training and has been in sales management roles in the financial services industry for over 20 years. Prior to joining Adelante, he was the Head of Distribution for Aegon USA Investment Management. Mr. Brennan received a B.S. in Industrial Distribution from Texas A&M University and an M.B.A. from Rice University.