With increased ownership stakes in the successor entity, senior management and Guardian focus on long-term strategic growth initiatives
Lowe Enterprises Investors (LEI), a national real estate investment management company based in Los Angeles, announces that its longtime equity partner, The Guardian Life Insurance Company of America (Guardian), is acquiring the equity interest in LEI currently held by Lowe Enterprises (Lowe). Upon completion of the transaction, the company will be renamed Broadshore Capital Partners™, LLC, will retain all of LEI’s existing staff and LEI’s senior management will have up to a 20 percent equity interest in the re-branded firm, with Guardian owning the remainder. Current LEI Co-Chief Executive Officers Bradford W. Howe and Bleecker P. Seaman, III will continue to lead the firm.
Upon completion of the transaction, which is expected in December 2018, Broadshore Capital Partners will be 100 percent owned by Guardian and the current LEI senior management team, whose collective ownership stake will increase significantly. The transaction, the terms of which are undisclosed, is the natural progression of Guardian’s 2010 investment in LEI. Lowe, Guardian and LEI senior management mutually determined that a new ownership structure was the best strategic course for all parties. Lowe, a private real estate company established in 1972, continues to be owned by the Lowe family and senior members of its management team; its activities will not be impacted by the sale of its interest in LEI.
“Broadshore Capital Partners will build upon the strong relationship we have established with Guardian as we pursue strategic growth initiatives and continue our commitment to the highest level of investment management stewardship for our investors,” said Bradford W. Howe, co-chief executive officer of Broadshore Capital Partners.
Broadshore Capital Partners will continue to manage more than $2 billion in real estate investments on behalf of public pension funds, insurance companies, international investors, and high-net-worth investors. As a leading national real estate investment firm, the team will deliver value creation strategies that leverage its expertise in multiple real estate product types, while maintaining its longstanding commitment to client service through a fiduciary mindset and transparency. The company will continue to operate from offices in Los Angeles, Denver and Philadelphia.
“We look forward to continuing to leverage our specialized investment teams, while offering even greater alignment with our clients,” added Bleecker P. Seaman, III, co-chief executive officer of Broadshore Capital Partners. “Broadshore Capital Partners offers a unique opportunity to build upon an established investing platform and set the stage for future growth and success.”
“As a partner we’ve seen the strength of LEI’s leadership team firsthand, and we’re excited to carry that forward with our increased investment in Broadshore Capital Partners,” said Thomas Sorell, chief investment officer at Guardian. “Like Guardian, the team is committed to outperforming over the long term and we look forward to seeing Broadshore continue to identify attractive real estate investment opportunities for its clients.”
ABOUT BROADSHORE CAPITAL PARTNERS, LLC
Founded in 1990 as Lowe Enterprises Investors (LEI), Broadshore Capital Partners™, LLC is the re-branded entity following a buyout led by its longtime partner The Guardian Life Insurance Company of America (Guardian). Upon the anticipated closing in December 2018, Broadshore Capital Partners will be a leading national real estate investment management and advisory services company with over $2 billion in assets under management. The firm will provide real estate investment advisory services to a select list of international institutions, public pension funds, insurance companies and high net worth individuals. Broadshore Capital Partners will remain based in Los Angeles and will retain regional offices in Denver and Philadelphia.