Urdang Capital Management, BNY Mellon’s real estate investment manager, announced yesterday (Tuesday) it has changed its name to CenterSquare Investment Management.
The new name reflects the changes that have occurred at the firm over the last three years, including a 44 percent growth in assets under management to $9 billion, transition to new leadership, further expansion of its global markets, and a significant investment in world class talent within its public and private market investment teams.
“Worldwide, a city’s center square is the heart of its vibrancy and the location of its highest strategic value,” said E. Todd Briddell, chief executive officer and chief investment officer of CenterSquare.
“Our new name symbolizes the strategic value we aim to deliver to our partners, namely strong performance built on an entrepreneurial culture and institutional strength.”
CenterSquare was founded in 1987 and acquired by a predecessor company to BNY Mellon in 2006.
With $9 billion in assets under management, CenterSquare invests in and manages public, private, global, and U.S.-only real estate strategies. Its clients include a wide range of institutions as well as high-net-worth individuals.
It is headquartered in suburban Philadelphia, has a regional office in southern California, and is represented through affiliates in Singapore and London. BNY Mellon Investment Management is a leading investment management organization.