by the Partners of Alex. Brown & Sons.
ABR was established in 1972 to originate real
estate investments for the partners and clients
of Alex. Brown & Sons (formerly the oldest
investment bank in the U.S. and now a part of
Alex. Brown Real Estate Group.
In 1980, Alex. Brown & Sons formed Alex. Brown
Realty Advisors, Inc. (ABRA) to provide real estate
investment advisory services to public pension
funds. Both ABR and ABRA were operated under
the holding company Alex. Brown Real Estate Group,
Inc. until 1990, when Alex. Brown & Sons merged
ABRA with a subsidiary of Kleinwort Benson to
form Alex. Brown Kleinwort Benson Realty Advisors
Corporation (ABKB). ABKB subsequently acquired
the assets of FIA Associates, Inc. and became
the largest real estate advisor to public pension
funds in the U.S. ABKB was sold to LaSalle
Partners, Inc. in 1994.
as a Privately Owned Company. In
1991, ABR's management team and several key Alex.
Brown & Sons employees purchased a controlling
interest in ABR. Employees of ABR currently
own approximately one-third of the company; the
balance of the stock is owned by individuals
and family-office investors, many of whom regularly
invest in ABR sponsored funds.