Public Securities

Public Securities

Harrison Street Securities, LLC. (“HSS”) is dedicated solely to the management of publicly traded real estate-related securities on behalf of institutional clients and high net worth individuals. The team is committed to delivering superior risk-adjusted returns, providing top-tier client service, reporting and communication to its investors.   HSS offers a choice of strategies designed to meet client objectives. The five member team averages over 15 years of experience in managing real estate securities portfolios.

Philosophy
HSS utilizes a bottom-up approach to uncover value. The team's belief is that stock selection drives investment return by uncovering price inefficiencies. Fundamental, proprietary research leads to non-consensus valuations and helps to allocate capital according to the best return/risk profile. Top-down portfolio construction controls risk. Risk controls are designed to ensure that HSS allocates capital according to the preferred return/risk profile within the chosen strategy. Control variables include position size limits, property sector, geographic, industry and interest rate exposures.

Strategy
HSS ALRA Fund, LLC is intended for investors seeking core real estate exposure. The ALRA strategy is a long-only portfolio with approximately 35-45 names benchmarked to the FTSE NAREIT All Equity REITs Index (Ticker: FNERTR). The ALRA strategy makes no tactical use of cash and provides exposure to all major property sectors within the benchmark. The ALRA strategy is intended to outperform the benchmark by an average of 100 to 200 basis points annually.

Investment Team
HSS has an experienced investment team that is led by portfolio manager Jim Kammert, a veteran of public and private real estate markets.  Mr. Kammert brings 20 years of real estate experience including commercial lending, investment banking and money management. Most recently Mr. Kammert was Director of Investment Research at European Investors Inc. (EII). Prior to joining EII, Mr. Kammert was co-head of REIT Research at Goldman Sachs and Company. The portfolio manager is backed by a team of talented investment professionals to execute the investment strategies and provide client reporting, communication and service.