Cornerstone Real Estate Advisers Grows Assets Under Management And Servicing By 17 Percent To $38.9 Billion On Strength of Capital Attraction, Global Expansion, and Continued Investment Growth - KOTA Territory News

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SOURCE Cornerstone Real Estate Advisers

$1.45 billion in new capital raised, $5.25 billion of transactions undertaken

HARTFORD, Conn., March 6, 2013 /PRNewswire/ -- Cornerstone Real Estate Advisers, one of the world's top 10 real estate investment advisory firms,[1] revealed today that its assets under management and servicing grew by 17 percent in 2012, reflecting the attraction of new capital and clients, expansion in Europe, and continued investment growth.

Cornerstone ended the year with $38.9 billion in assets under management, up from $33.2 billion, and more than 185 fund and advisory clients globally. Newly-raised capital from a range of global private and institutional investors exceeded $1.45 billion for investment in Cornerstone's debt and equity fund products and in separate account mandates.

Highlights of Cornerstone's 2012 activity included:

• Equity property acquisitions and sales of more than $1.75 billion involving apartment, office, retail, industrial and hotel properties;
• Debt investing totaling more than $3.5 billion in commercial mortgages;
• The close of Cornerstone Real Estate Fund VIII, with $546 million in capital raised for investment in property types and markets – such as technology, energy and health – where Cornerstone expects to experience above-average growth potential as the U.S. economic recovery evolves; and
• The close of Cornerstone Enhanced Mortgage Fund LP, with $315 million raised from a range of U.S. and international institutional investors for investment in mortgage debt secured by real estate that is transitional in nature.

Expanding its global reach, Cornerstone extended its lending platform to the United Kingdom, where it has an existing equity operation. Further expansion of its lending platform in Europe is planned for 2013.

At the same time, Cornerstone augmented its presence in Asia with the opening of a Tokyo office to serve its Asian clientele and to introduce other Asian institutional investors to its U.S. and European investment opportunities.

"Investors are attracted by our ability to deliver one-stop access to experienced management and high quality debt and equity investment opportunities, both public and private, in the U.S. and internationally," said Cornerstone CEO David J. Reilly. "We look forward to continuing to meet our clients' needs by growing our investment platform both organically and opportunistically by acquisition."

Charles Weeks, CEO of Cornerstone Europe, added: "The successful launch of our European lending platform and the completion of our first European real estate debt transaction was a major achievement. Our key focus for 2013 is to continue to grow and expand our platform across Europe, as well as to accelerate our lending activity and further utilize our network of local European offices to source and create investment products and services for our clients."

For more information about Cornerstone, visit www.cornerstoneadvisers.com.

About Cornerstone Real Estate Advisers LLC
Cornerstone Real Estate Advisers LLC, with subsidiary and affiliate offices in the U.S., UK, Europe, and Asia, is one of the world's top 10 largest real estate investment managers. [2] It provides core and value-added investment and advisory services, including a comprehensive suite of private and public real estate debt, equity and securities expertise and services, to institutional and other qualified investors around the globe. Cornerstone is a member of the MassMutual Financial Group. Visit www.cornerstoneadvisers.com.

Contact: Patrick Collins
617-553-0349
pcollins@madisoncommunications.com

[1] Pensions & Investments 10/15/12
[2] Ibid.

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