ABOUT STRATEGIC PROPERTY ADVISERS, INC. (“SPA”)

CLIENTS

SPA serves as an investment manager or investment consultant for various institutional clients (including 19 Taft-Hartley and Union related plans) representing aggregate portfolios of approximately $2.5 billion of assets.  SPA is ranked annually in Pensions & Investments among the largest Real Estate Investment Advisers in the United States.  SPA offers a full range of investment management and consulting services (as a QPAM – Qualified Professional Asset Manager) for direct real estate investments as well as investment management services for securities portfolios.  Specifically, as a QPAM SPA received client allocations for real estate equity, fixed income, high yield development real estate equity, infrastructure commingled funds, and separate account index funds.

SEC REGISTRATION AND E&O COVERAGE

Since 1987, SPA has been a Registered Investment Adviser with the SEC.  SPA also qualifies as a QPAM.  SPA carries $5 million of E&O coverage.

LITIGATION

Neither SPA nor its shareholders has ever been involved in any litigation, arbitration, mediation or other legal proceedings, government investigation or regulatory proceedings in relation to its real estate investment management services.

INFRASTRUCTURE FUNDS

In 2006 SPA’s President served on the six member steering committee of the National Construction Alliance (i.e., Operating Engineers, Laborers, and Carpenters) exploring and analyzing both the economic feasibility and job security aspects of Taft-Hartley Funds’ investing in private infrastructure funds then being offered to institutional investors.  SPA is now the largest QPAM/investment advisory firm serving as a fiduciary for Taft-Hartley Funds investments in private infrastructure funds.

INDEX FUNDS

In 2009, in response to a growing demand by Taft-Hartley Funds to convert actively managed accounts to a passive index strategy, SPA began to serve as an investment manager for Taft-Hartley Funds which sought to hold their core investment assets in separate account index funds.  As of December 31, 2009, SPA had over $1.5 billion under management invested in separate account index funds.  In light of Taft‑Hartley Funds’ growing disillusionment with active manager returns compared to index returns, SPA anticipates that the separate account segment of its business will expand significantly in coming years.  

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