CenterSquare Investment Management

Name

CenterSquare Investment Management

Legal name

CenterSquare Investment Management LLC

Website

https://centersquare.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (52394), All Other Financial Investment Activities (52399), Other Financial Vehicles (52599)

SIC

Investment Advice (6282), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

akta.pro secondary industries

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ), REITs & Listed Real Estate Securities (FSAAAKAD), Real Estate Funds — Core-Plus (FSANAEAG), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Real estate investment management
• Listed REIT strategies
• Private real estate investing
• Institutional asset management
• ESG real estate investing

Headquarters

HQ city

Plymouth Meeting

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Institutional Asset Management Fees: CenterSquare generates revenue through asset management fees charged on assets under management. As of March 2026, the firm manages $14 billion in AUM. Fees are typically structured as a percentage of AUM for both listed and private real estate strategies including mutual fund sub-advisory mandates, commingled closed-end funds, separate accounts, and preferred equity/debt strategies.
2. Private Equity Real Estate Management: Revenue from managing private equity real estate through commingled closed-end fund strategies and co-investment programs. CenterSquare raised its first value-added real estate fund in 2003, has closed five funds totaling more than $1 billion USD, and manages $2.5 billion of separate account mandates since 1988. Preferred equity approach has raised and deployed six funds over 27 years with more than $3,745 million in Invested Capital.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

CenterSquare Investment Management manages real estate investment portfolios for institutional and private investors across two core platforms: Listed Real Estate (global active REIT strategies) and Private Real Estate (direct property investments via commingled funds, separate accounts, and co-investment vehicles). The firm applies a proprietary quantitative ESG scoring model integrated into both listed and private real estate investment processes and manages $14 billion in assets under management as of March 2026.

Product overview

CenterSquare Investment Management is a global real estate investment manager offering two core investment platforms: Listed Real Estate (active global REIT strategies) and Private Real Estate (direct property investments). The Listed Real Estate platform spans U.S. and Global Core, Concentrated, Preferred, ESG-Focused/Impact, New Economy, and Custom REIT Completion strategies. The Private Real Estate platform includes Essential Service Retail (80+ properties), Essential Service Industrial (2.1M+ sq ft), Rental Housing, Debt-like Preferred Equity ($3.7B+ invested), and Strategic Capital verticals. The firm also sub-advises three mutual funds (BNY Mellon DRLIX, Cromwell MRESX, SEI SREYX) and launched its Global Sustainable REIT Strategy in 2024. Founded in 1987, the firm manages $14 billion in assets under management as of March 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Listed Real Estate Global actively managed REIT investment platform offering U.S. and Global Core, U.S. and Global Concentrated, U.S. Preferred, ESG-Focused and ESG-Impact, New Economy, and Custom REIT Completion strategies for institutional clients.
• Private Real Estate Direct private real estate investment platform offering Value-Added commingled closed-end funds with co-investment programs and Core-Plus separate account mandates targeting middle market U.S. real estate opportunities.
• Essential Service Retail (ESR)

Quantifiable outcome

• Alpha generation against benchmarks since 1995 in listed real estate strategies
• +2 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Hamilton LanecoreStrategic or Co-development Partner · 31 March 2026CenterSquare and Hamilton Lane partnered to recapitalize Tenaya Village, an Essential Service Retail shopping center in suburban Las Vegas. Hamilton Lane acquired a majority stake while CenterSquare retained a minority stake. The five-building, approximately 50,000-square-foot shopping center has been owned by CenterSquare since 2022. The GP-led secondary investment reflects both firms' focus on retail properties serving essential services. Financial terms were not disclosed.
• Hamilton LanecoreStrategic or Co-development Partner · 19 March 2026CenterSquare Investment Management and Hamilton Lane partnered to recapitalize Tenaya Village in Las Vegas. Hamilton Lane became the majority investor providing validation of the retail sector. The deal represents a GP-led secondary opportunity providing Hamilton Lane access to essential retail strategies and CenterSquare additional credibility in this sector.
• UN PRI (Principles for Responsible Investment)coreStrategic or Co-development Partner · 1 January 2018CenterSquare became a UN PRI Signatory in 2018, committing to incorporating ESG factors into investment decisions and ownership practices. CenterSquare also participates in the Real Estate Engagement Network (GREEN) as of 2023.
• GRESBcoreStrategic or Co-development Partner · 1 January 2016CenterSquare became a GRESB member in 2016, participating in global ESG benchmarking for real estate companies and assets.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• AEW Capital Management: Boston-based institutional real estate investment manager offering core, core-plus, value-added, and opportunistic strategies plus public REIT securities. Similar size profile and diversified product offering to CenterSquare.
• Invesco Real Estate: Global real estate investment platform within Invesco managing listed REIT securities, private equity real estate, and real estate debt. Directly comparable across both listed and private verticals with similar institutional client focus.
• Principal Real Estate Investors: Real estate investment arm of Principal Financial Group managing private and public real estate strategies for institutional clients globally. Comparable mid-to-large multi-strategy real estate platform serving pension funds and insurance clients.
• Heitman: Chicago-based private real estate investment manager offering both private real estate equity/debt strategies and public REIT strategies for institutional clients. Closely comparable mid-sized firm with similar diversified product structure.
• Cohen & Steers: Largest pure-play publicly traded REIT/listed real estate asset manager and the closest direct competitor to CenterSquare's Listed Real Estate platform. Both firms specialize in global REIT active strategies with sub-advisory mutual fund relationships serving institutional and wealth clients.
• Clarion Partners (PGIM Real Estate): Subsidiary of PGIM (Prudential's asset management arm) and one of the largest U.S. private real estate managers. Operates core, value-added, and debt strategies plus listed REIT securities for institutional investors — directly comparable to CenterSquare's dual-platform approach.
• Nuveen Real Estate: TIAA's real estate arm manages $150B+ across listed REITs and private real estate debt and equity strategies globally. Like CenterSquare, it offers institutional investors a combined listed + private platform with cycle-tested performance history.
• Barings Real Estate: Global real estate investment platform within Barings (MassMutual subsidiary) offering core, value-added, and debt strategies plus listed REIT securities. Comparable mid-sized multi-strategy real estate manager serving institutional clients.

Broad incumbents

• Brookfield Asset Management: One of the world's largest alternative asset managers with a substantial real estate platform spanning listed REITs (Brookfield Property Partners legacy structures), private real estate equity, and preferred equity/debt. Operates at vastly larger scale but competes for the same institutional real estate allocations.
• DWS Group Real Estate: Major global asset manager's real estate division offering both listed REIT strategies (RREEF) and private real estate equity/debt. Larger and more diversified but operates in the same institutional real estate investment space.

Market position

Strengths5 records

Weaknesses2 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/centersquarecsa
• LinkedInlinkedin.com/company/centersquare
• Facebookfacebook.com/centersquareassoc

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CenterSquare Investment Management