Mix Strengthens UK-Centric Columbia Threadneedle’s Realty Capabilities in the US
Wanting to extend its realty investment abilities throughout the pond, London-based Columbia Threadneedle Investments today revealed that its privately owned investment manager, Columbia Management Investment Advisers, LLC in Boston, has actually agreed to obtain investment company Lionstone Partners, Ltd.
. Financial terms for the transaction were not revealed. Columbia Threadneedle Investments, formed in 2015 through the mix of Threadneedle Investments and Columbia Management Investment Advisers, is the international property management group of Minneapolis-based varied financial services provider Ameriprise Financial, Inc. (NYSE: AMP).
Columbia Threadneedle has more than 2,000 people, consisting of over 450 investment professionals, based worldwide. As of June 30, 2017, the company handled $473 billion of properties in equities, fixed earnings, property allowance and alternatives.
The Lionstone acquisition will expand Columbia Threadneedle’s offerings across the alternatives property management and include abilities in U.S. property, which is attracting increasing allocations from both institutional and retail investors all over the world, complementing Columbia’s $10.5 billion UK property service and additional improving its multi-asset abilities.
Lionstone Investments, likewise known as Lionstone Partners, was established in 2001 by investors Tom Bacon, Glenn Lowenstein, and Dan Dubrowski and focuses on analytics-driven investment techniques. The company, which managed about $6 billion in possessions as of June 30, 2017, will benefit from access to Columbia Threadneedle’s wider asset and client base and research study capabilities, not to mention the financial strength of Ameriprise Financial, which has more than $800 billion in possessions under management or administration as of second-quarter 2016.
Lionstone’s U.S. CRE investments are concentrated in cities it thinks are best positioned for outsized need and rental development. The business, which counts a number of leading business and public pension among its crucial customers, has purchased several prominent home deals this year, including the $182 million purchase in April of 271 17th St., a prize workplace anchored by BB&T in Midtown Manhattan’s Atlantic Station.
Lionstone likewise previously this year integrated with Dallas-based Crescent Realty and Goldman Sachs Possession Management to acquire a 21-property combined portfolio of structures totaling about 860,000 square feet and development sites in Flatiron Park in Stone, CO, for a reported $170 million.