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, today announced the completion of a consolidation transaction whereby LEI’s longtime equity partner, The Guardian Life Insurance Company of America (Guardian), has acquired the equity interest in LEI formerly held by Lowe Enterprises (Lowe). With the transaction now closed, the company, renamed Broadshore Capital Partners™, LLC, retains all of LEI’s existing staff and LEI’s senior management has a 15 percent equity interest, with Guardian owning the remainder. Co-Chief Executive Officers Bradford W. Howe and Bleecker P. Seaman, III retain their titles and continue to lead the successor entity.
The terms of the transaction are undisclosed. Guardian initially became an equity partner of LEI in 2010, and this transaction is a natural progression of the investment and partnership.
“With this transaction complete, Broadshore Capital Partners looks forward to pursuing strategic growth initiatives in collaboration with Guardian,” said Bleecker P. Seaman, III, co-chief executive officer of Broadshore Capital Partners.
Broadshore Capital Partners continues 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. The team will continue to 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 continues to operate from offices in Los Angeles, Denver and Philadelphia.
“This is a unique opportunity to build upon an already strong investment platform,” said Bradford W. Howe, co-chief executive officer of Broadshore Capital Partners. “We look forward to continuing to leverage our specialized investment teams and offering our clients best-in-class service and expertise.”
“We increased our investment in Broadshore Capital Partners because we saw an opportunity to continue Guardian’s growth in real estate asset management and believed the leadership team could deliver for the company and clients,” said Tom Sorell, chief investment officer at Guardian. “We share a commitment to generating attractive returns for our investors and look forward to the opportunities ahead of us.”
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). Broadshore Capital Partners is a leading national real estate investment management and advisory services company with over $2 billion in assets under management. The firm provides 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 is based in Los Angeles and retains regional offices in Denver and Philadelphia.