U.S. REIT Separate Account
Investment Philosophy
We believe the value of a REIT extends beyond the value of the underlying real estate. Through fundamental research, we can uncover and exploit inefficiencies in the market. Low turnover contributes to alpha creation and aligns investors with the value creation process within real estate. Style and application should be visible and consistent in the investment process. Our style is Growth At A Reasonable Price (GARP). We have consistently followed this style.
Investment Process
Portfolio Construction Guidlines
| Number of Holdings |
25-45 |
| Position Cap |
> of 10% or 2%
over Benchmark |
| Wtd Mkt Cap (bn) Target |
$5 - $9 |
| Sector Exposure vs. FTSE NAREIT Equity Index |
|
| Overweighting |
100% |
| Underweighting |
100% |
| Annual Turnover |
<50% |
| Cash |
<5% |
Competitive Advantages
- Same philosophy, process and style since inception of product
- REIT team stability
- Consistent historical out-performance vs. benchmark and peers
- Additional product capacity exists
Contact
Please direct institutional inquiries to our dedicated Institutional REIT Product Specialist, Barry Cope, at (312) 917-6545.
Global REIT Team
Geoffrey P. Dybas, CFA- Group Head - Global Real Estate Securities Senior Portfolio Manager
Ron She, CFA- Senior Global Analyst
Eden Levinson- U.S. Analyst
Timothy Fitzgerald- Head of Equity Trading
Barry Cope- Product Specialist
Frank J. Haggerty, Jr., CFA- Portfolio Manager
Michael Slater, CFA- Senior Global Analyst
Krishna Soma, CFA- U.S. Analyst
Brian VanderMeulen- Equity Trader
Suzanne Karpick- Client Relations & Business Development