JLP is a global real estate investment manager. Headquartered in New York with offices in Amsterdam, São Paulo and Singapore, JLP leverages its deep research capabilities globally to source and underwrite what we consider to be the best opportunities across geographies and sectors
Be the leading investment manager in global real estate, identifying opportunities to provide our clients with the best available long-term returns*
Seasoned Team with 21 years of consistent performance and +16 years working together
Deep research capabilities globally with local teams well positioned to source and underwrite markets and investments
Committed to sizing the business appropriately to protect the ability to generate attractive returns and customize as needed to meet client objectives
Fundamental bottom-up analysis with a long-term horizon and high conviction portfolios with investment opportunities not available in index funds
Real estate market specialist in all sectors and regions globally
Years of experience and disciplined investment process
Institutional platform with consistent performance and innovative ideas
Local teams with global view of trends and new opportunities
Engagement to quality and high ethical standards
Countries
Sectors
Companies
Global real estate investment is a truly local business and highly inefficient, providing opportunities for those who make the effort to understand the market and its nuances
Real estate securities is a US$4.5 trillion global market approximately
(source: LaSalle)
Global market with multiple property sectors and regions
Strong corporate governance
Invested companies with high quality experienced management teams
Real estate securities real-time pricing offers great opportunities for active long-term investment managers to arbitrage short-term volatility
We seek to exploit mispricing to invest in premium assets at attractive valuations
Highly attractive entry point fostered by high dispersion, interest rate spreads, and private market dry powder
Real estate securities are among the best performing asset classes over the long run
Moderate to low correlation with equities and bonds
Lower volatility than government bonds over the past five years
Generally superior dividend yields to other equities
(Sources: CEM Benchmarking, JLP analysis and Nareit)
Real estate securities allow for quicker market entry/exit than private real estate
High diversification options without committing to high levels of capital as in the case of direct real estate
Outperformed private real estate by 619 bps per year in the long-run
(source: Nareit)
High conviction, concentrated portfolios
Benchmark agnostic stock selection
Deep bottom-up fundamental analysis intended to uncover mispricing
Emphasis on rent growers not just rent collectors
Long investment horizon, offering the opportunity to take advantage of short-term volatility to purchase securities at discounts to intrinsic value
JLP’s senior team has worked together nearly 20 years, with responsibilities for research, portfolio management, operations, marketing and investor relations.
JLP believes the experience level of the team ranks among the highest of its peers with portfolio managers and analysts averaging over 18 years experience, focused exclusively on global real estate securities markets and companies.
Mr. Rehlaender has 40 years’ experience in the real estate industry including over 25 years managing global real estate securities portfolios. Prior to founding JLP, formerly known as Northwood Securities, Mr. Rehlaender spent 14 years with EII Capital Management, Inc. (EII) where he was responsible for all non-US investments and was the co-portfolio manager for global portfolios.
Ms. Black has over 22 years of real estate securities experience and is responsible for all investments globally for the firm. Prior to joining JLP, Ms. Black was a Portfolio Manager for Ascent Investment Advisors, co-managing both a global real estate mutual fund and hedge fund.
Mr. Rhea has 14 years of real estate securities research experience and is responsible for research coverage of US REITs with a focus on data center, cell tower, self-storage, industrial, health care, lodging, triple net, and gaming sectors.