P
roprium Capital Partners, a real estate firm with over $4 billion under management, is considering strategic options including a potential sale. According to sources familiar with the matter, the company has engaged an advisor to reach out to interested parties. However, no final decisions have been made and Proprium may choose not to proceed.
The employee-owned firm, founded by Morgan Stanley alumni, operates globally with offices in London, Sydney, Hong Kong, and other locations. It has been active recently, selling its 35% stake in Motel One Group for €1.25 billion in April and agreeing to invest in an Italian student-housing deal last month.
Proprium's exploration of options comes during a period of consolidation among real estate-exposed alternative asset managers. Diversified firms have been expanding their offerings by acquiring other companies, aiming to become one-stop shops for institutional investors like pensions and sovereign-wealth funds.
