AEW Capital Management

AEW Capital Management (AEW) is an American real estate investment firm headquartered in Boston. The firm is the real estate asset management platform of Natixis Investment Managers.[2]

AEW Capital Management LP
FormerlyAldrich, Eastman & Waltch
TypeSubsidiary
IndustryPrivate equity real estate
Founded1981 (1981)
FounderPeter Aldrich
Tom Eastman
Mark Waltch
HeadquartersBoston, Massachusetts, U.S.
Number of locations
12 offices
AUMUS$91.6 billion (Q2 2022)
Number of employees
830 (2022)
ParentNatixis Investment Managers
SubsidiariesAEW UK
Websitewww.aew.com
Footnotes / references
[1][2]

In 2022, the firm was ranked by PERE (under Private Equity International) as the eighth largest Private Equity Real Estate firm based on total fundraising over the most recent five-year period.[3]

Background

AEW was founded in 1981 by Peter Aldrich, Tom Eastman and Mark Waltch.[4] The firm's name AEW is an abbreviation of Aldrich, Eastman & Waltch.[5]

AEW expanded into Europe in 1996 by opening an office in Paris and then into Asia in 2006 by opening an office in Singapore.

In 2016, AEW Europe merged with Ciloger, a retail property investment firm owned by La Banque postale and CNP Assurances.[6]

AEW operates in 12 locations and is headquartered in Boston with additional main offices in London, Paris and Singapore.[2] Its UK entity operates as AEW UK.

The majority of AEW's capital comes from Pension funds and Insurance companies.[2]

Investments

Disputes

NMS Properties launched a lawsuit against AEW in 2014 over a Nine building property portfolio in Santa Monica that was jointly owned by the two firms. NMS tried to buy out AEW's stake for $106 million but AEW stated NMS forged the agreement. After litigation between the two firms for several years, AEW eventually won the lawsuit then took over control of the properties and sold them for $430 million.[12][13]

References
  1. "Form ADV" (PDF). SEC. Retrieved November 24, 2022.
  2. "AEW (Real Estate – Homepage)". Reference Hub.
  3. "The PERE 100 bounces back" (PDF). Harrison Street. 2022.
  4. Bushor, Alison (October 13, 2021). "AEW Buys South Florida Apartments from AHS for $123M". The Real Deal South Florida. Retrieved October 9, 2022.
  5. "Pension Fund Managers Hopeful U.S. Will Lift Embargo Against Vietnam". Los Angeles Times. January 11, 1994. Retrieved October 9, 2022.
  6. "AEW Europe completes €24bn merger with Ciloger". InternationalInvestment. October 27, 2016. Retrieved October 9, 2022.
  7. Pilgrim, Lexi (December 29, 2016). "AEW Capital Management | 1 New York Plaza | Brookfield". The Real Deal New York. Retrieved October 9, 2022.
  8. Killian, Erin (August 7, 2006). "Lanier, Miller fight over right to buy G'town mall". www.bizjournals.com. Retrieved October 9, 2022.
  9. Registry, The (September 12, 2014). "Columbia Property Trust Deal on 650 California Earns 3.6 Cap Rate". The Registry. Retrieved October 9, 2022.
  10. "Phoenix's Metrocenter sold to Somera and AEW". www.bizjournals.com. January 13, 2005. Retrieved October 9, 2022.
  11. Vinocur, Barry. "A Look at the Finer Points of the Sears Tower Sale". www.wsj.com. Retrieved October 9, 2022.
  12. Press, Erica (September 19, 2018). "Neil Shekhter | NMS Properties | AEW Capital". The Real Deal Los Angeles. Retrieved October 9, 2022.
  13. "NMS Properties – Neil Shekhter stages his comeback". Los Angeles, CA Patch. April 30, 2020. Retrieved October 9, 2022.
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