Columbia Threadneedle Investments to Acquire Lionstone Investments
September 20 2017 - 8:30AM
Business Wire
Acquisition will expand U.S. real estate
capabilities complementing U.K. property strength
Columbia Threadneedle Investments (Columbia Threadneedle) today
announced an agreement for Columbia Management Investment Advisers,
LLC to acquire Lionstone Partners, Ltd., a leading national real
estate investment firm based in Houston (“Lionstone Investments”).
Lionstone specializes in investment strategies based upon
proprietary analytics and manages approximately $6 billion in
assets.1
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The acquisition will extend Columbia Threadneedle’s investment
capabilities into U.S. real estate, an important asset class that
is projected to attract increasing allocations from both
institutional and retail investors. Lionstone will accelerate its
evolution as an advanced analytics firm, gaining access to the
broader asset gathering, client service and research capabilities
of Columbia Threadneedle, while benefiting from the financial
strength of Ameriprise Financial.
The acquisition will expand Columbia Threadneedle’s offerings
across the alternatives asset management category. It adds
complementary real estate capabilities to the firm’s $10.5 billion
U.K. property business and further develops its multi-asset
solution capabilities.2
“We believe our broad institutional capabilities and
relationships, together with our investment research insights, make
this an excellent fit,” said Ted Truscott, chief executive officer
of Columbia Threadneedle Investments. “Real estate is an important
asset class for institutional and retail clients, and we are
enthusiastic about the opportunity to further our capabilities in
this growing asset class.”
Lionstone invests nationally in commercial real estate, with a
focus on cities that are best positioned to enjoy outsized demand
and rental growth. It counts leading corporate and public pension
plans among its key clients.
“Columbia Threadneedle’s leadership, experience, and culture are
complementary to Lionstone’s, making this a strong strategic
partnership,” said Lionstone chief executive officer Jane Page.
“Our foundational investment philosophy and approach will remain
the same.”
Lionstone will retain its brand name and identity within
Columbia Threadneedle as well as its Houston headquarters. The
executive team will remain in place, with Page reporting to
Truscott.
“As one of the earliest adopters to apply proprietary advanced
analytics to real estate, our investment process is a significant
competitive advantage that has allowed us to consistently deliver
attractive returns with lower risk to our investors,” states Glenn
Lowenstein, chief strategy officer at Lionstone. “We are excited
about this opportunity to take our analytics-driven approach to the
next level.”
The company did not disclose terms of the acquisition. The
transaction is expected to close later this year.
About Columbia Threadneedle Investments:Columbia
Threadneedle Investments is a leading global asset management group
that provides a broad range of investment strategies and solutions
for individual, institutional and corporate clients around the
world.
With more than 2,000 people, including over 450 investment
professionals based in North America, Europe and Asia, we manage
$473 billion3 of assets across developed and emerging market
equities, fixed income, asset allocation solutions and
alternatives.
Columbia Threadneedle Investments is the global asset management
group of Ameriprise Financial, Inc. (NYSE: AMP).
For more information, please visit
columbiathreadneedle.com/us.
About Lionstone:Lionstone Investments is a data-analytics
driven real estate investment firm that specializes in
conceptualizing, analyzing, and executing national investment
strategies on behalf of institutional investors and high net worth
individuals. Lionstone’s objective is to identify and execute smart
investments by understanding the evolution of internationally
competitive cities, then pinpointing where the most productive
people in America want to live and work—Places for Productive
People.® Lionstone was founded in 2001 by Tom Bacon, Glenn
Lowenstein, and Dan Dubrowski. Since its founding, Lionstone has
consistently generated cycle-tested real estate investment
performance that has exceeded peer and industry benchmarks, across
core, value-add, and opportunistic strategies. Lionstone’s
investment DNA was, and continues to be, data-driven. The firm’s
use of advanced analytics to drive investment decisions is its
greatest point of differentiation. Using proprietary research tools
and algorithms, a highly-skilled staff, and deeply-experienced
leadership, Lionstone sources unique investment opportunities and
effectively executes them nationwide. Please visit our website at:
lionstoneinvestments.com
1 Gross AUM as of June 30, 20172 £8.15 billion as of August 31,
20173 As of June 30, 2017
Notes to
Editors:Moelis & Company acted as exclusive
financial advisor to Lionstone.
Columbia Management Investment Advisers, LLC.
AdTrax #1900352
© 2017 Columbia Management Investment Advisers, LLC. All rights
reserved.
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version on businesswire.com: http://www.businesswire.com/news/home/20170920005688/en/
Columbia Threadneedle InvestmentsCarlos Melville,
617-897-9384carlos.melville@ampf.comorLionstone
InvestmentsAlexandra Irvine,
713-533-5877airvine@lionstoneinvestments.com
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