Colliers, AEW unite for office/retail buying spree.Colliers ABR (1) (AutoBaud Rate detect) The analysis of the first characters of a message to determine its transmission speed and number of start and stop bits. (2) (Available Bit R , Inc. and AEW AEW Airborne Early Warning AEW Air Expeditionary Wing AEW Airborne Electronic Warfare AEW Agr' Eau' Wat (Canadian agricultural consultant) AEW Amckerns Explosion Wars (Half Life community) Capital Management, L.P., a real estate investment advisory firm with over $21 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , announced that they have formed a joint venture to acquire office and retail assets throughout the New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. . This is the second joint venture between AEW and CABR CABR Cabrillo National Monument (US National Park Service) CABR Capital Asset Budget Request . "CABR is a proven partner for AEW and we intend to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. their extensive market knowledge, sourcing and management capabilities in order to achieve high risk-adjusted returns Risk-Adjusted Return A measure of how much risk a fund or portfolio takes on to earn its returns, usually expressed as a number or a rating. Notes: This is often represented by the Sharpe Ratio. The more return per unit of risk, the better. for our clients," said Marc Davidson, portfolio manager for the AEW Partners Funds, a series of opportunistic real estate funds managed by AEW. "CABR's existing relationships with owners, tenants and other industry contacts will be a tremendous advantage in sourcing new investment opportunities." "We look forward to working with AEW and look to continue the momentum and superior results that AEW and CABR were able to achieve during our first venture together," said Robert Billingsley, vice chairman at CABR. In total, the venture plans to acquire assets in excess of $300 million. This program will concentrate on opportunities where investment returns can be generated by effectively managing leasing risk, development risk and market risk. The companies will focus on existing class B office and retail properties, as well as development sites in strategic locations near major transportation hubs. "We are flexible on the size of the individual investment properties," said Anthony McElroy, managing director of acquisitions at CABR. "We will focus on uncovering investment opportunities where management or physical conditions can be improved to unlock existing value. We intend to give these properties a real wake-up call." Mark P. Boisi, chairman of Colliers ABR, Inc., and Robert Billingsley, vice chairman, will be responsible for management and oversight of the venture, while Anthony McElroy, managing director of acquisitions will be responsible for sourcing new investment opportunities and managing the day-to-day activities. |
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