Cornerstone Real Estate Advisers LLC (Hartford)


Cornerstone Real Estate Advisers LLC is a large advisory firm based in Hartford. It manages $33.16 billion of regulatory assets for 52 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Connecticut, District of Columbia, and Illinois.

Cornerstone Real Estate Advisers provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and real estate (debt and equity) advisory services for institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cornerstone Real Estate Advisers: assets under management

The assets under management (AUM) of Cornerstone Real Estate Advisers LLC is $33.16 billion. The firm's AUM has grown by 12765% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.36 billion in discretionary accounts and $29.8 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $160.01 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $961.43 million.
Cornerstone Real Estate Advisers has custody of $296.61 million in cash and securities for 35 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cornerstone Real Estate Advisers LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Cornerstone Real Estate Advisers LLC

Isadore Jermyn has been acting as President since 1 Apr 1995. Roger William Crandall joined the executive team most recently as the Member Of The Board Of Managers.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Alan Martin Connor Director/ceo 1 Apr 1994 Other 4357349
Massachusetts Mutual Holding Company 100% owner 1 Apr 1994 75% - 100% 04-3343737
Massmutual Holding Llc 100% owner 1 Apr 1994 75% - 100% 04-2854319
Isadore Jermyn Director 1 Apr 1995 Other 2217341
Kenneth Lewis Hargreaves Director 1 Apr 1995 Other 4336464
Andrew C. Williams Managing counsel/compliance officer 1 Jun 1995 Other 4357387
Andrew Carter Williams Managing counsel/chief compliance officer 1 Jun 1995 Other 4357387
Stuart Harry Reese Director 1 Apr 1999 Other 1916446
Howard Gunton Director 1 Jan 2000 Other 4143679
Howard Earl Gunton Director 1 Jan 2000 Other 4143679
Toby J. Slodden Director 1 Aug 2000 Other 4357641
Toby James Slodden Director 1 Aug 2000 Other 4357641
Eustis Walcott Director 1 Oct 2000 Other 4321488
David J. Reilly President 1 Feb 2004 Other 4360002
David John Reilly President 1 Feb 2004 Other 4360002
Robert E. Mahoney Chief financial officer 1 Jun 2004 Other 4868170
Roger William Crandall Director 1 Jun 2005 Other 4486307
David John Reilly Member of the board of managers 1 Jan 2006 Other 4360002
Alan Martin Connor Director 1 Jan 2006 Other 4357349
William Edmond Bartol Chief compliance officer 1 Apr 2006 Other 1261472
Michael Thomas Rollings Member of the board of managers 1 Aug 2006 Other 1592402
Cj Karbowicz Global chief operating officer & chief legal officer 1 Oct 2007 Other 5447303
C. J. Karbowicz Chief legal officer 1 Oct 2007 Other 5447303
Thomas George Dudeck Chief operations officer 1 Nov 2007 Other 5448153
Thomas Michael Finke Member of the board of managers 1 Dec 2007 Other 2548996
Robert Franklin Little Managing member 1 Dec 2008 Other 4532186
Babson Capital Management Llc Member 1 Feb 2010 75% - 100% 106006
Barings Llc Member 1 Feb 2010 75% - 100% 106006
Anthony Jude Sciacca Managing member 1 Mar 2010 Other 3035405
Paul John Thompson Member of the board of managers 1 Jun 2012 Other 3156135
Elizabeth Ward Chicares Member of the board of managers 1 Jun 2012 Other 2194754
Scott David Brown President 1 Feb 2014 Other 6307807
Scott David Brown Global president and chief executive officer; member of the board of managers 1 Jan 2015 Other 6307807
Roger William Crandall Member of the board of managers 1 Jul 2015 Other 4486307
M. Timothy Corbett Member of the board of managers 1 Jul 2015 Other 4633377
William Francis Glavin Member of the board of managers 1 Jul 2015 Other 2666939

Indirect Owners

The SEC currently registers 12 indirect owners.

Name Entity Date acquired Ownership Employer ID
Massachusetts Mutual Life Insurance Company Member 1 Apr 1994 75% - 100% 04-1590850
Massmutual Holding Llc Direct owner 1 Jul 2004 75% - 100% 04-2854319
David J Brennan Managing member 1 Mar 2005 Other 4335507
Michael Thomas Rollings Managing member 1 May 2005 Other 1592402
Stuart Harry Reese Managing member 1 Jun 2005 Other 1916446
Michael Thomas Rollings Managing member 1 Jul 2008 Other 1592402
Clifford Michael Noreen Managing member 1 Dec 2008 Other 4979354
Thomas Michael Finke Managing member 1 Dec 2008 Other 2548996
Roger William Crandall Managing member 1 Jan 2010 Other 4486307
Mm Asset Management Holding Llc Sole member 1 Feb 2012 75% - 100% 45-4000072
Massmutual Holding Llc Sole member 1 Feb 2012 75% - 100% 04-2854319
Massmutual Asset Management Holding Llc Sole member 1 Feb 2012 75% - 100% 45-4000072

Based in Hartford

The principal office where Cornerstone Real Estate Advisers LLC performs its advisory services is located at One Financial Plaza, Hartford, CT 06103 2604, which is also the mailing address of the firm. An additional office of the firm is in El Segundo, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 860-509-2200 or by fax 860-509-2224. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at cornerstoneadvisers.com.

Registered investment advisers similar to Cornerstone Real Estate Advisers LLC