PHILADELPHIA--(BUSINESS WIRE)--Resource Real Estate Global Property Securities (RRE GPS), a joint venture between Resource Real Estate, Inc. and Channel Capital Pty Ltd, today announced their RRE GPS Global Opportunity Fund (Fund) returned 33.34 percent* (at the time of writing) for the past year, making RRE GPS one of the best performing global property securities managers over that period.**
RRE GPS launched its REIT securities investment management platform in 2013 and is headed by Scott Crowe, who operates out of New York, and John Snowden, who is situated in Sydney. Both portfolio managers came with proven track records; Crowe developing his over a 16-year period as the lead Global Portfolio Manager at Cohen & Steers and Global Head of Real Estate Research at UBS in the U.S., while Snowden’s 26-year career includes responsibility for managing numerous global property funds for both Colonial and UBS.
The Fund is offered by RRE GPS to Australian investors. The RRE Global Opportunity Strategy, which is a strategy that invests in a concentrated global portfolio of high quality real estate companies, is available to institutional investors in the United States through separate account investments. The investment manager for both, which is led by Crowe and Snowden, is an affiliate of Resource Real Estate, part of a $20 billion U.S. institutional real estate and global alternatives asset management company.
*Performance is for the RRE GPS Global Opportunity Fund, also referred to as Class A units, and is based on month end unit prices before tax in Australian dollars (AUD). Performance is stated net of fees. This is historical performance data. It should be noted the value of an investment can rise and fall and past performance is not indicative of future performance. Trustee: Channel Investment Management Limited ACN 163 234 240 AFSL 439007 (Channel). Investment Manager: Resource Real Estate Global Property Securities (Australia) Pty Ltd Pty Ltd ACN 165 685 361. The Fund is only available to sophisticated/wholesale investors as defined in the Australian Corporations Act 2001. While every effort has been made to verify the data in this report, neither Resource Real Estate, RRE GPS, nor Channel warrants the accuracy, reliability or completeness of the information. This communication has been prepared without taking into account your particular investment objectives, financial situation or needs. For further information and before investing, please read the Information Memorandum which is available upon request.
** Mercer Survey (Australian Global Real Estate Securities) - February 2015
About Resource Real Estate Global Property Securities (Australia) Pty Ltd (RRE GPS)
RRE GPS is a joint venture between Resource Real Estate Inc. and Channel Capital Pty Ltd. formed to provide global property securities investment for the institutional and sophisticated investor markets. Headed by experienced portfolio managers, Scott Crowe and John Snowden, the investment team operates out of two key locations in Sydney and New York.
Learn more about RRE GPS at http://www.resourcerei.com/securities.php#tabglobal
About Resource Real Estate
Resource Real Estate (RRE) is a firm that specializes in direct real estate investments, commercial real estate lending and global real estate securities. For over two decades, RRE and its affiliates have managed real estate assets for institutional and individual investors. RRE and its parent company have offices in New York, Los Angeles, Denver, London, Singapore, Sydney as well as its headquarters in Philadelphia and additional locations across the US.
RRE owns and manages real estate assets with an aggregate value of approximately $3.3 billion. RRE is a wholly owned subsidiary of Resource America (NASDAQ: REXI). As of December 31, 2014, Resource America managed $20 billion across various asset classes.