MacFarlane Partners

· Leading real estate investment management firm founded in 1987 · Clients have included CalPERS, Texas Teachers and the defined-benefit pension plans of AT&T, GM and Verizon · Former “core/enhanced core” real estate investment manager that has focused on two types of high-yielding investment strategies for the past decade · Urban development, redevelopment and repositioning projects · Single-family residential land and development projects · Manage $2.2 billion in institutional-client equity, with $9 billion in properties completed and under construction · 4th largest manager of equity real estate for U.S. tax-exempt investors · Extensive real estate investment, development and management experience through multiple real estate cycles · Proven track record of investment success for pension funds across a broad range of real estate strategies · Headquartered in San Francisco, with offices in Southern California and the greater New York metropolitan area