Adelante Capital Management LLC
|Adelante Capital Management LLC
|Last update 2024-02-18
|44 Stocks (3 new)
|Value $1.44 Bil
|Turnover 10 %
Adelante Capital Management LLC Profile
Adelante Capital Management LLC is an investment management firm based out of Oakland, California. The company was originally established in 1995 and has grown to have additional locations in Wayne, New Port Beach, and New York City. Adelante Capital Management sees itself as an “employee- and minority-owned SEC-registered REIT and real estate investment advisor dedicated to investing in optimally-valued, publicly-traded commercial real estate securities.” The company conducts its research internally, utilizing a fundamental methodology to make its investment decisions. The company focuses on the public equity markets on a global scale, allocating its assets primarily in real estate securities with a bottom up and top down approach. Adelante Capital Management invests over 90% of its total assets in the real estate sector and also invests in the utilities and telecommunications, consumer discretionary, information technology, and health care sectors, among others, to a lesser degree, in order of decreasing allocation. The company holds its allocations for just over 14 quarters on average and holds its top 10 allocations for 16.8 quarters on average. Adelante Capital Management, in the most recent quarter, has had a turnover rate of approximately 4.9%. The company manages over $2.3 billion in total assets under management spread across 190 total accounts, all of which are discretionary accounts. Adelante Capital Management’s total number of accounts has been declining in recent years, but its total assets under management, despite volatility, has increased from its $1.7 billion mark back in 2010. The company mainly caters to high net worth individuals, which alone makes up three quarters of its client base, although the client with the highest attributed assets are pension and profit sharing plans, which makes up over half of the firm’s total managed assets. Adelante Capital Management offers three core portfolios: its domestic real estate, global real estate, and income real estate strategies.
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