Senior management and Guardian focus on long-term strategic growth
LOS ANGELES–(BUSINESS WIRE)–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
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.