BNY Mellon Investment Management announces sale of the CenterSquare Business

BNY Mellon Investment Management has entered into a definitive agreement to sell the business of real assets investment boutique CenterSquare Investment Management to its management team and the private equity firm Lovell Minnick Partners.

Terms of the transaction were not disclosed.

The transaction is subject to standard regulatory and other required approvals and is expected to be completed by year-end 2017.

Founded in 1987 and headquartered near Philadelphia, CenterSquare Investment Management has approximately $9 billion in assets under management in the United States and global real estate and infrastructure investments.