AEW Capital Management (AEW) is an American real estate investment firm headquartered in

Boston Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...

. The firm is the real estate asset management platform of

Natixis Investment Managers Natixis Investment Managers is an American French-based global asset management company that claims USD $1389.7 billion in assets under management as of December 31, 2020. The company has headquarters in Paris and Boston Boston (), offi ...

. In 2022, the firm was ranked by PERE (under

Private Equity International ''Private Equity International'' (PEI) is a global insight, analysis and data provider for the private equity industry, with a core focus on the relationship between investors and fund managers: the LP-GP nexus. Launched in December 2001, the tit ...

) as the eighth largest Private Equity Real Estate firm based on total fundraising over the most recent five-year period.

Background

AEW was founded in 1981 by Peter Aldrich, Tom Eastman and Mark Waltch. The firm's name AEW is an abbreviation of Aldrich, Eastman & Waltch. AEW expanded into Europe in 1996 by opening an office in Paris and then into Asia in 2006 by opening an office in Singapore. In 2016, AEW Europe merged with Ciloger, a retail property investment firm owned by La Banque postale and

CNP Assurances CNP Assurances S.A. is a major French insurance corporation. CNP stands for ''Caisse Nationale de Prévoyance''. It is listed on the Fortune Global 500. The company was formed in 1959 as a subsidiary of Caisse des dépôts et consignations, whi ...

. AEW operates in 12 locations and is headquartered in Boston with additional main offices in London, Paris and Singapore. Its UK entity operates as AEW UK. The majority of AEW's capital comes from

Pension fund A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and priva ...

s and Insurance companies.

Investments

1 New York Plaza 1 New York Plaza is an office building in the Financial District of Manhattan in New York City, at the intersection of South and Whitehall Streets near South Ferry. The building, measuring tall with 50 floors, is the southernmost skyscrap ...

Georgetown Park Georgetown Park is a mixed use shopping mall and condominium complex in the Georgetown historic district of Washington, D.C. The Shops at Georgetown Park are located at 3222 M Street, NW. In 2014, the complex received an $80 million renovation a ...

650 California Street 650 California Street, also known as the Hartford Building, is a 34-story, 142 m (466 feet) office tower on the northwestern edge of San Francisco's Financial District. The tower is located on California Street on the edge of Chinatown, and no ...

* Metrocenter *

Willis Tower The Willis Tower (originally the Sears Tower) is a 108- story, skyscraper in the Loop community area of Chicago in Illinois, United States. Designed by architect Bruce Graham and engineer Fazlur Rahman Khan of Skidmore, Owings & Merrill (SOM ...

Disputes

NMS Properties launched a lawsuit against AEW in 2014 over a Nine building property portfolio in

Santa Monica Santa Monica (; Spanish: ''Santa Mónica'') is a city in Los Angeles County, situated along Santa Monica Bay on California's South Coast. Santa Monica's 2020 U.S. Census population was 93,076. Santa Monica is a popular resort town, owing to i ...

that was jointly owned by the two firms. NMS tried to buy out AEW's stake for $106 million but AEW stated NMS forged the agreement. After litigation between the two firms for several years, AEW eventually won the lawsuit then took over control of the properties and sold them for $430 million.

References

External links

* {{authority control 1981 establishments in Massachusetts Financial services companies established in 1981 Companies based in Boston Investment companies of the United States Real estate companies of the United States