AEW

Investment Strategies

AEW North America

Private Market - North America

For investors seeking exposure to the private real estate markets in North America, AEW offers core, value-added and opportunistic investment strategies. Our investment strategies are steeped in research and we consistently adhere to a disciplined and time-tested investment management process.

Core
For clients with core objectives, AEW offers an open-end commingled fund and separately managed accounts. We source, close and manage investments in the primary property types (office, industrial, retail, multifamily) in all major U.S. metropolitan markets. Our core investment strategies seek to provide investors with an attractive total return, with an emphasis on steady generation of income. Core investment strategies are executed by the AEW Direct Investment Group, a dedicated team that includes acquisitions, portfolio management, asset management and accounting professionals who work exclusively on direct equity portfolios.

Value-Added
For clients with value-added investment objectives, AEW offers separately-managed accounts and commingled funds. On behalf of institutional clients, we source, close and manage investments in each of the primary property sectors, as well as in the hotel and senior housing sectors. Our value-added investment strategies seek to provide investors with an attractive total return, comprised of current cash distributions and appreciation potential through re-positioning and other active management strategies. Value-added investment strategies are executed by the AEW Direct Investment Group.

Opportunistic
AEW was a pioneer in the development of opportunistic strategies for real estate investors, having launched our first such real estate opportunity fund in 1988. The AEW Partners Funds seek to identify and capitalize on emerging investment opportunities and trends before they become fully appreciated by the broader market, and to execute investment strategies that capitalize on those opportunities. AEW's opportunistic real estate funds target attractive total returns. These portfolios are managed by a dedicated team of experienced acquisitions, investment management and finance professionals.

Disclosure: There can be no assurances that the funds/investment strategies will achieve their objectives. Nothing contained herein shall constitute an offer to sell or solicitation of an offer. This material is for informational purposes only.



Private Market - Europe

For investors seeking exposure to the private real estate markets in Europe, AEW Europe offers core, core-plus/value-added and opportunistic investment strategies. Our investment strategies are steeped in research and we consistently adhere to a disciplined and time-tested investment management process.

Core
For clients with core investment objectives, AEW Europe offers commingled funds, separately managed accounts and club deals. The core investment strategies seek to provide investors with an attractive total return, with an emphasis on steady generation of income. Core strategies target operating assets that are fully stabilized or close to stabilization in the primary property types (office, logistics, retail, multifamily) in major European metropolitan markets. AEW Europe currently manages a number of core commingled funds.

Core Plus/Value-Added
For clients with core-plus/value-added investment objectives, AEW Europe offers commingled funds and separately-managed accounts. The core plus/value-added investment strategies seek to add value through repositioning, renovation, new capital structures and other active management strategies in order to provide investors with an attractive total return, as well as consistent cash distributions. AEW Europe currently manages a number of core-plus/value-added commingled funds.

Opportunistic
For clients with opportunistic investment objectives, AEW Europe offers commingled funds. Opportunistic strategies are designed to identify and capitalize on emerging investment opportunities and trends before they become fully appreciated by the broader market, and to execute investment strategies that capitalize on those opportunities. AEW Europe's opportunistic real estate funds target attractive total returns. AEW Europe currently manages a number of opportunistic commingled funds.

Disclosure: The European investment strategies above are managed by AEW Europe. AEW Europe is AEW Capital Management's sister company and is commonly owned by Natixis Global Asset Management. There can be no assurances that the funds will achieve their objectives. Nothing contained herein shall constitute an offer to sell or solicitation of an offer. This material is for informational purposes only.



Private Market - Asia

For investors seeking exposure to the private property markets in Asia, AEW offers the AEW Value Investors Asia fund series as well as separately-managed accounts.

Value-Added
The AEW Value Investors Asia funds focus on investment in office, industrial, retail and multifamily properties in Southeast Asia, Hong Kong and China. The funds seek to add value through redevelopment, repositioning, re-leasing, recapitalization and selective development, in order to provide investors with both current income and appreciation potential. Private market investment strategies are executed by a dedicated team of 13 experienced professionals based in Singapore, Hong Kong and Seoul.

Disclosure: There can be no assurances that the funds will achieve their objectives. Nothing contained herein shall constitute an offer to sell or solicitation of an offer. This material is for informational purposes only.



Listed Market - North America

AEW takes a research-driven, bottom-up, value-oriented, approach to the construction and management of real estate securities portfolios across the globe. With regional teams based in Boston, London and Singapore, we integrate the capabilities of our equity securities professionals with the ground-up knowledge of our direct real estate professionals, as well as the top-down perspective. AEW offers investors the opportunity to invest in real estate equity securities under a variety of different strategies across the North American, European, Asia Pacific and Global markets.

AEW has been managing publicly-traded real estate equity securities in the U.S. since 1995. The investment universe for North America consists of approximately 150 REITs and other publicly-traded real estate companies whose principal activity involves the ownership, management or development of real estate. For investors seeking exposure to the North American property markets, AEW offers the following investment strategies:

Diversified Strategy
The AEW U.S. Diversified strategy is designed to provide investors with broad exposure to all major sectors of the real estate market, with the objective of achieving strong risk-adjusted returns. Our diversified portfolios typically include 30-35 core positions. Our diversified strategy is available through a commingled fund vehicle as well as through separately managed accounts.

Focus Strategy
The AEW Focus Strategy is designed for investors who seek more targeted exposure to the U.S. real estate securities market. Typically, our focus portfolios contain between 15-20 securities. In these portfolios, we hold more concentrated positions in companies that we believe present particularly attractive value opportunities, thereby offering enhanced potential for achieving significantly higher-than-average long-term returns. AEW has managed the AEW Focus Strategy since 1999 and offers the strategy through separately managed accounts. The strategy is currently closed to new investors.

Long/Short Strategy
The AEW Long/Short Strategy is designed for investors seeking a more aggressive approach to their real estate securities portfolios. Our Long/Short strategy seeks to maximize total return through concentrated long and short positions in selected securities. The strategy has a long bias (uses a long benchmark) and is designed to provide diversified sector exposure, but allows our securities team the latitude to short stocks opportunistically. This strategy is available through a commingled fund or through separately managed accounts.

Disclosure: There can be no assurances that the funds/investment strategies will achieve their objectives. Nothing contained herein shall constitute an offer to sell or solicitation of an offer. This material is for informational purposes only.



Listed Market - Europe

AEW's European portfolios are managed by a team operating from our offices in London. We offer investment options for investors with a range of risk/return objectives. The investment universe for Europe, including both Continental Europe and the United Kingdom, consists of approximately 90 listed equity securities issued by publicly traded companies whose principal activity involves the ownership, management or development of real estate. For investors seeking exposure to the European listed property markets, AEW offers the following investment strategies:

European Diversified Strategy
The AEW European Diversified strategy is designed to provide investors with broad exposure to all major sectors of the European listed property market, with the objective of achieving strong risk-adjusted returns. Our European Diversified Strategy is available through separately managed accounts.

European Focus Strategy
The AEW European Focus Strategy is designed for investors who seek more targeted exposure to the European listed property markets. Typically, our focus portfolios hold more concentrated positions in companies that we believe present particularly attractive value opportunities, thereby offering enhanced potential for achieving significantly higher-than-average long-term returns. The AEW European Focus Strategy is available through separately managed accounts.

Disclosure: There can be no assurances that the funds/investment strategies will achieve their objectives. Nothing contained herein shall constitute an offer to sell or solicitation of an offer. This material is for informational purposes only.



Listed Market - Asia

Our Asia property securities portfolios are managed by our Singapore team. We offer investment options for investors with a range of risk/return objectives. The investment universe for the Asia Pacific region consists of approximately 75 listed equity securities issued by publicly traded companies whose principal activity involves the ownership, management or development of real estate. For investors seeking exposure to the Asia Pacific listed property markets. AEW offers the following investment strategies:

Asia Diversified Strategy
The AEW Asia Diversified strategy is designed to provide investors with broad exposure to all major sectors of the Asia listed property market, with the objective of achieving strong risk-adjusted returns. Our Asia Diversified Strategy is available to investors through separately managed accounts.

Disclosure: There can be no assurances that the funds/investment strategies will achieve their objectives. Nothing contained herein shall constitute an offer to sell or solicitation of an offer. This material is for informational purposes only.



Listed Market - Global

The AEW Global and Global Ex-U.S. property securities strategies are offered through both commingled fund vehicles and separately managed accounts.

AEW Global Property Securities Strategy
AEW Global Property Securities Strategy is designed to provide investors with broad exposure to all major sectors of the public property markets throughout North America, Europe, and Asia Pacific with the objective of achieving above-average income and long-term capital growth. Our portfolios typically include 80-120 positions selected from our universe of approximately 280 REITs and other publicly traded real estate companies worldwide.

AEW Global Ex-U.S. Property Securities Strategy
AEW Global Ex-U.S. Property Securities Strategy is designed to provide investors with broad exposure to all major sectors of the public property markets throughout Canada, Europe and Asia Pacific with the objective of achieving above-average income and long-term growth of capital. Our portfolios typically include 60-90 positions selected from our universe of approximately 170 REITs and other publicly traded real estate companies.

Disclosure: There can be no assurances that the funds/investment strategies will achieve their objectives. Nothing contained herein shall constitute an offer to sell or solicitation of an offer. This material is for informational purposes only.