- Hodes Weill
QuadReal Invests US$1 Billion with Ranger Global as Foundation for New Strategic Partnership
VANCOUVER, British Columbia, Dec. 14, 2021 (GLOBE NEWSWIRE) -- QuadReal Property Group (“QuadReal”) announces it has acquired a 46% ownership interest in Ranger Global Real Estate Advisors, LLC (“Ranger Global”), a leading investment advisory firm focused exclusively on the management of global listed real estate portfolios. This milestone advances a significant relationship between the two companies that began with the outperformance QuadReal has realized from investing $1 billion of assets with the experienced Ranger Global team, beginning in early 2020. As of September 30th, 2021, Ranger Global’s Global Real Estate composite ranked in the 1st percentile of the eVestment Global REIT peer universe for the trailing 10-year period.
With an investment process founded on deep fundamental research and developed over the multiple market cycles of the last 30 years, Ranger Global is differentiated from its peers through opportunistic investment across the spectrum of higher-growth, high-quality real estate companies.
Dennis Lopez, QuadReal CEO, said, “Ranger Global and QuadReal partnered to invest in the opportunities that were presented by the market volatility created by the pandemic. The Ranger Global team is nimble and astute in the investments they make on behalf of QuadReal. We value the success we achieved and sought to deepen our relationship by taking an equity position in the company.”
Richard Saltzman, Senior Advisor to and Ranger Global Board Chair, adds: “I’ve known and admired the current senior leadership of Ranger Global and QuadReal for many years and am delighted to see this collaboration take place. All parties share a mutual commitment to unlock value by combining the best of public and private real estate market expertise. In fact, it is very gratifying to already witness the synergistic results being generated by this partnership.”
“Public real estate equities are an important component of QuadReal’s global portfolio. Working with the Ranger Global team enables us to invest thoughtfully in listed companies in global markets across all property sectors and business cycles,” says Jonathan Dubois-Phillips, QuadReal President of International Real Estate.
“Ranger Global will continue to be majority-owned by our employees and Senior Advisor/Chair. The power of employee equity ownership is that we have attracted and retained an exceptionally seasoned and talented team of investment professionals,” says Scott Tuck, Ranger Global co-founder and CEO. Adds Andrew Duffy, Ranger Global co-founder and CIO, CFA: "Over my 30 years of investing in listed real estate, I have learned to appreciate the research synergies and opportunities afforded by adopting a holistic investment perspective across both public and private markets. Our close working relationship with QuadReal over the last 18 months, now formalized through this strategic partnership, has further broadened and deepened our capabilities, which we believe will benefit all of our clients.”
Hodes Weill Securities, LLC acted as exclusive advisor to QuadReal for the Ranger Global transaction.
About QuadReal Property Group
QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management total CAD$61.2 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets.
QuadReal invests directly, via programmatic partnerships and through operating companies in which it holds an ownership interest.
QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.
QuadReal: Excellence lives here.
About Ranger Global
Ranger Global Real Estate Advisors, LLC was co-founded by Andrew J. Duffy, CFA and F. Scott Tuck, West Point classmates and U.S. Army Rangers. As Chief Investment and Chief Executive Officers respectively, each has nearly 30 years of institutional asset management experience. The Ranger Global team of real estate investment professionals has domain expertise established over multiple market cycles, with the benefit of three decades of expertise investing in listed global real estate markets. The hallmark of its investment strategy is concentrated portfolios with significant overweight to higher-growth, high quality real estate companies, including Ranger’s pioneering investment across alternative and specialty property types.
Ranger Global is an SEC registered investment adviser that maintains a principal place of business in the State of New York. Registration with the SEC does not imply their approval or endorsement in any way. For further information about Ranger Global’s business operations, please consult the Firm’s Form ADV disclosure documents, the most recent versions of which are available on the United States Securities & Exchange Commission’s (“SEC’s”) Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov.
Nothing presented herein is intended to constitute investment advice and no investment decision should be made based on any information provided herein. Nothing presented herein should be construed as a recommendation to purchase or sell a particular type of security or follow any investment technique or strategy. No guarantee of investment performance is being provided and no inference to the contrary should be made. An offer to purchase shares in any mutual fund advised or subadvised by Ranger Global is only made by prospectus of the applicable fund which can be found on the fund’s distributor’s website.
About Hodes Weill
Hodes Weill & Associates ("Hodes Weill") is a leading, global advisory firm focused on the real estate and real assets investment and funds management industry. The firm has offices in New York, Denver, Hong Kong and London. Founded in 2009, Hodes Weill provides institutional capital raising for funds, transactions, co-investments and separate accounts; M&A, strategic and restructuring advisory services; and fairness and valuation analyses. Clients include investment and fund managers, institutional investors, lenders, property owners and other participants in the institutional real estate and real assets market. All U.S. regulated capital market and securities advisory services are provided by Hodes Weill Securities, LLC, a registered broker-dealer with the SEC, and a member of FINRA and SIPC, and internationally, by non-U.S. Hodes Weill affiliates.