Founded in 1995 in Newport Beach, California, Adelante Capital Management was established with a clear mission: to invest in publicly traded REITs based on underlying real estate value, not traditional earnings metrics.

Our founders recognized that the key to successful REIT investing lies in understanding the real estate itself. While Wall Street analysts focus on earnings and FFO multiples, we conduct extensive on-site property research to determine true net asset values and identify stocks trading at significant discounts to private market value.

Today, we manage over $2.5 billion for institutional investors who value our real estate-centric approach, rigorous field research, and disciplined value investing philosophy focused on price-to-NAV opportunities.