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We are a global real estate investor with resources on-the-ground in local markets. Our global presence and long-term track record provide unique ability to access management teams and evaluate market conditions. Our global franchise enables us to take advantage of market dislocations and valuation discontinuities across regions and companies. We remain focused on a strict NAV discipline for underwriting equity valuations, but also weight alternative pricing mechanisms that are conventions of individual local markets.
The key components of our equity investment philosophy are our internal top-down fundamental research, bottom-up stock selection, and a highly interactive investment process that leads to successful stock selection. Our investment philosophy is value-oriented and based upon valuation relative to a company's underlying real estate assets (NAV) as well as a company's on-going concern valuation. Through detailed company research that includes regular management visits, property tours and financial analysis, we analyze the quality and sustainability of real estate asset cash flows and growth of company dividends. We also evaluate the company's strategy, management's track record and management's incentives.
Our strategy is built on fundamental analysis and understanding of direct real estate markets. The securities team is integrated within the overall real estate investment management organization with professionals located in our local offices in the U.S., Europe and Asia.
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Experience and Trust |
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Global Perspective, Local Expertise |
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Unparalleled Scale and Industry Access |
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Commitment to Research |
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