NEW YORK--(BUSINESS WIRE)--Hodes Weill & Associates (Hodes Weill), a global advisory firm focused on the real estate investment and funds management industry, is pleased to announce the 10-year anniversary of its founding.
Over the past decade, Hodes Weill’s global team of 34 professionals has completed $13.3 billion of institutional private placements and advisory assignments involving asset management platforms, portfolios and assets comprising in excess of $91 billion of AUM. Hodes Weill’s work on behalf of a growing roster of clients has resulted in the firm being recognized for five consecutive years as the “North America Capital Advisory Firm of the Year” by Private Equity Real Estate (“PERE”), a leading publication for the world’s private real estate markets.
“Looking back over the past 10 years, there are many milestones and we’re amazed how quickly it has all gone by. We’re proud of our outstanding team and the culture we’ve built, and grateful for our clients who, along with their investors and partners, have entrusted us with some of their most critical capital markets functions,” said Managing Partner David Hodes. “Our goal was always to build a trusted, world-class real estate advisory boutique and we believe that our collective experiences, relationships and skills have made us effective on a global basis.”
Representative advisory and capital raising assignments include:
- Placement agent for Asana Partners’ $500 million initial retail real estate fund and its $800 million sophomore fund;
- Sell-side advisor to Standard Chartered Bank ($700 million of AUM) in the sale of its Asia-based Principal Finance Real Estate business to Actis;
- Placement agent for Crow Holdings’ eighth value-add investment fund, aggregating $1.3 billion of equity capital;
- Sell-side advisor to Bentall Kennedy Group (C$28 billion of AUM) in its sale to Sun Life Financial;
- Placement agent for GreenOak Real Estate’s second Japan-focused office fund, aggregating $655 million of equity capital;
- Sell-side advisor to Tristan Capital Partners (€7 billion of AUM) on the sale of a strategic equity stake to Candriam Investors Group, a subsidiary of New York Life Investment Management;
- Placement agent for ACORE Capital’s first discretionary commingled real estate debt fund, aggregating $556 million of equity capital;
- Placement agent for Mapletree Investments Pte Ltd.’s second Asia-focused value-add fund, aggregating $1.4 billion of equity capital; and
- Financial advisor to Clarion Partners in the recapitalization of Gables Residential ($3.2 billion of gross assets) and conversion to an open-end fund
Commenting on Asana Partners’ experience with Hodes Weill, Jason Tompkins, Founder and Managing Partner stated, “The team at Hodes Weill epitomizes what it means to be a value-add and trusted partner. Their consistent, informed advice has been instrumental in helping us raise capital from a diverse group of blue-chip institutions. Beyond the high-touch service, what’s most impressive about the firm is the scope and depth of its relationships and its knowledge of what’s driving institutional investor capital allocation decisions.”
Steve Furnary, Executive Chairman of Clarion Partners said this about Hodes Weill, “Your firm’s services to the industry have contributed to the success of many clients including Clarion Partners and to the industry overall. Your contributions have gone well beyond capital formation for clients. The advice and judgment you provide is invaluable and always delivered with the utmost integrity.”
Hodes Weill’s evolution has been driven by its in-depth understanding of the real estate investment and funds management industry, the shifting needs of participants in this dynamic space, and the strength and diversity of its relationships. These factors recently led the firm to bolster its real estate advisory practice to capitalize on the consolidation occurring among global real estate investment managers. Hodes Weill expects this practice to account for more than 40 percent of the firm’s business over the next several years.
“Our client-centric business model is directly responsible for all that we’ve accomplished,” said Doug Weill, Managing Partner at Hodes Weill. “We take great pride in our ability to understand our clients’ unique needs and work closely with them to achieve their desired objectives. Moreover, we prioritize maintaining close relationships with our clients long after our advisory mandates are complete, which has resulted in numerous follow-on business opportunities. We look forward to maintaining our positive momentum and fueling the continued growth of the enterprise.”
Hodes Weill has been at the forefront of tracking how global institutions allocate investments to real estate and analyzing trends in institutional investment returns and investor sentiment. Each year since 2013, Hodes Weill has partnered with Cornell University’s Baker Program in Real Estate to publish the annual Institutional Real Estate Allocations Monitor, which surveys hundreds of global investors across more than 25 countries to determine the impact of institutional allocation trends on the investment management industry. This comprehensive report was downloaded over 10,000 times in 2018, and is responsible for driving conversations in the media and among industry participants.
About Hodes Weill & Associates:
Hodes Weill & Associates is a leading, global advisory firm focused on the real estate investment and funds management industry.* The firm has offices in New York, Denver, Hong Kong and London. Founded in 2009, Hodes Weill provides institutional capital raising for funds, transactions, co-investments and separate accounts; M&A, strategic and restructuring advisory services; and fairness and valuation analysis. Clients include investment and fund managers, institutional investors, lenders, property owners and other participants in the institutional real estate market. For more information, please contact info@hodesweill.com or visit www.hodesweill.com
*All U.S. regulated capital market and securities advisory services are provided by Hodes Weill Securities, LLC, a registered broker-dealer with the SEC, and a member of FINRA and SIPC, and internationally, by non-U.S. Hodes Weill affiliates.