ERE Yarmouth Changes Name to Lend Lease Real Estate Investments Inc.NEW YORK--(BUSINESS WIRE)--July 13, 1998--ERE Yarmouth, the U.S. real estate investment management company of Lend Lease Corporation This article is about the company. For the World War II program, see Lend-Lease. Lend Lease Corporation Limited is an Australian-based multinational property management and investment company. (AUS AUS abbr. Army of the United States :LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ) announced today that it has changed its name to Lend Lease Real Estate Investments, Inc. effective immediately. The name change brings the company under the brand umbrella of the global Lend Lease Corporation, underscoring the company's position as a world leader in real estate investment management. Lend Lease has more than $30 billion in real estate 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. worldwide, including $25 billion in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The company operates through 34 offices on five continents: North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Asia, Europe, Australia and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . In the U.S., Pensions & Investments and Commercial Property News have ranked the company as the leading institutional real estate advisor in terms of assets under management. Matthew Banks, chief executive officer of Lend Lease Real Estate Investments, said, "Lend Lease is uniquely positioned to provide investment products and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal on a global scale, operating locally with a concerted focus on achieving high levels of performance. We want to establish Lend Lease further as the world leader in real estate investment management," he said. "Operating under one global brand will help us market our reach and unique resources." Over the past year, Lend Lease has raised more than $1.6 billion from pension funds and other institutional clients in the U.S. Its Value Enhancement Fund III, third in a series of opportunistic investment funds, recently closed with more than $400 million in commitments. In April, the company launched Chastain Capital Corporation, a mid-cap real estate investment trust investing in both debt and equity. Lend Lease Corporation is an international property and financial services group. In addition to real estate investments the Lend Lease group operates in the areas of project management and construction, property development, funds management, life insurance and information technology. The company has $46 billion in total funds under management with a global workforce of approximately 7,000. Among the company's current projects are Bluewater, outside of London, England, Europe's largest shopping and leisure center, and the Olympic Village in Sydney, currently under construction for the 2000 Olympic Games.
CONTACT: Jonathan D. Miller
Lend Lease Real Estate Investments, Inc.
(212) 605-0737
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