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Cohen & Steers Capital Management
Cohen & Steers Capital Management is an SEC-registered investment adviser in New York, NY, since 1986. The firm manages $85.7 billion in assets.
Cohen & Steers Capital Management
Cohen & Steers Capital Management is an SEC-registered investment adviser in New York, NY, since 1986. The firm manages $85.7 billion in assets. It has 367 employees and 60 investment advisers.
General information
Firm type
Asset Manager
Year founded
1986
AUM
$84.9B (per the firm, Q1 2024)
Location
Region
Europe
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
London, United Kingdom · Plymouth Meeting, PA, United States · Toronto, Canada · Summit, NJ, United States
Principals
Robert H. Steers
Co-founder and Co-Chairman
Martin Cohen
Co-founder and Co-Chairman
Joseph M. Harvey
President and Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Cohen & Steers?
Joseph Harvey serves as President and Chief Investment Officer, overseeing all investment teams across US Real Estate, Global/International Real Estate, Infrastructure, and Private Real Estate. He has been with the firm since 1993 and assumed the CIO role in 2010.
How does Cohen & Steers source proprietary deal flow?
The firm's private real estate group sources direct deals through long-standing relationships with developers, operators, and brokers. In public securities, the research team meets with management teams of every publicly traded REIT and infrastructure company in its universe.
Is Cohen & Steers structured as a family office or an asset manager?
Cohen & Steers is a publicly traded asset manager listed on the NYSE under the ticker CNS, not a family office. It operates as a specialist real assets investment firm serving institutional and retail clients.
Does Cohen & Steers participate in fund commitments or only direct deals?
Both. The firm manages open-ended mutual funds and closed-end funds, and also runs separate accounts for institutions. Its private real estate platform makes direct equity and credit investments in properties.
What investment stages does Cohen & Steers typically target?
In public securities, the firm invests across the market-cap spectrum, from small-cap real estate companies to large-cap REITs and infrastructure giants. Its private strategies focus on stabilized and value-add opportunities in institutional-quality properties.
Which sectors does Cohen & Steers explicitly avoid?
The firm deliberately avoids sectors outside real assets and infrastructure, such as technology, healthcare, or consumer discretionary. It does not invest in emerging market debt or equity.
Where does the underlying wealth come from?
Cohen & Steers manages capital for external clients — pension funds, endowments, foundations, and individuals — not a single family fortune. The co-founders' wealth, estimated in the hundreds of millions, derives from the firm's public equity.
Does the firm maintain philanthropic structures?
Yes. The Cohen & Steers Foundation, a charitable entity, contributes to community and educational initiatives. It is separate from the firm's investment operations.
How is Cohen & Steers related to other real estate managers?
Cohen & Steers competes with and complements firms like Blackstone, Brookfield, and Prologis in private real estate, but is distinguished by its 38-year pure focus on real assets. It has no ownership ties to other asset managers.
What is Cohen & Steers' known posture on co-investments alongside external GPs?
The firm's private funds sometimes co-invest with partners on large transactions, but this is not a core strategy. Most private capital is deployed directly rather than through fund-of-funds structures.
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