| Overview
ABR Investment Programs. ABR was
established in 1972 to originate real estate investments
for the partners and clients of Alex. Brown &
Sons. In subsequent years, ABR's investment offerings
have ranged from private partnerships structured
for a handful of high net worth individuals to
large publicly-registered national offerings for
multiple investors.
In
1994, ABR began to focus its efforts on large,
commingled funds. These funds have delivered an
institutional-quality real estate investment product
and have provided clients with an opportunity
to co-invest with ABR in a diverse portfolio of
U.S. properties. To date, ABR has offered seven
of these larger, commingled funds.
Investment
Strategy of ABR Funds. The investment
strategy of the ABR Funds is defined by three
principal characteristics:
•
Value-added
investments, typically requiring development,
redevelopment, rehabilitation, repositioning, recaplitalization or
financial restructuring
•
Investment in mid-size
properties, generally requiring an equity
commitment of $3–10 million, and having a
total cost of between $10–30 million
•
Investment
through joint ventures with
local and regional developers and operators
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