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AEW Capital Management
Rob Plumb leads AEW Capital Management, a $91.8B real estate manager with integrated public and private market capabilities since 1981.
AEW Capital Management
AEW Capital Management LP is an SEC-registered investment adviser in Boston, MA, registered since 1996. The firm manages $3.0 billion in assets, with $2.3 billion on a discretionary basis. It has 250 employees and 130 investment advisers.
General information
Firm type
Asset Manager
Year founded
1981
AUM
$91.8B (per the firm, 2023)
Location
Region
North America
Country
United States
City
Boston
Corporate office
Boston, MA, United States
Additional offices
Los Angeles · London · Düsseldorf · Paris · Stockholm · Tokyo · Singapore · Sydney
Principals
Robert J. Plumb
Chief Executive Officer
David M. Sherman
Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at AEW Capital Management?
Robert J. Plumb is CEO, overseeing the firm's strategic direction. David M. Sherman serves as Chief Investment Officer, leading the investment committee. Investment decisions are made through a team-based approach across public and private real estate divisions.
How does AEW source proprietary deal flow?
AEW's scale — serving over 400 institutional clients globally — gives it access to off-market transactions through long-standing relationships with developers, owners, and intermediaries. The firm's European and Asia-Pacific offices also source local deals that may not be widely marketed.
Is AEW structured as a family office or an institutional asset manager?
AEW is an institutional asset manager, not a family office. It was founded by real estate professionals and now operates as a private company serving pension funds, endowments, and sovereign wealth funds. Its ownership is distributed among current and former partners.
Does AEW participate in fund commitments or only direct deals?
AEW offers both — it manages commingled funds that invest in direct property and debt, and also advises clients through separate accounts tailored to specific mandates. Its securities arm invests in publicly traded real estate companies.
What investment stages does AEW typically target?
AEW covers the full lifecycle: core, value-add, and opportunistic strategies in private equity real estate, plus construction financing and mezzanine debt. Its securities platform invests in publicly traded REITs at all market caps.
Where does AEW operate geographically?
AEW has offices in Boston (HQ), Los Angeles, London, Düsseldorf, Paris, Stockholm, Tokyo, Singapore, and Sydney. It invests directly in North America, Europe, and Asia-Pacific.
What is AEW's known posture on co-investments alongside external GPs?
AEW primarily co-invests through separate accounts and club structures with its institutional clients. It may partner on specific transactions with other real estate operators, but typically as a principal investor rather than a fund-of-funds.
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