Lowe Enterprises Investors (LEI), a national real estate investment management company based in Los Angeles, has announced 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 and 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-CEOs Bradford Howe and Bleecker 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 were not disclosed, 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 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 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.
