Overview
A. Description of Firm and Principal Owner
Beacon Capital Partners, LLC (“Beacon Capital”) was founded in 1998 to sponsor and
manage private, closed-end, commingled real estate investment funds. Beacon Capital is
headquartered in Boston, with offices in Chicago, Denver, Los Angeles, New York, San
Francisco, Seattle, and Washington D.C./Northern Virginia.
Prior to forming Beacon Capital, Alan Leventhal, and nine other members of Beacon
Capital’s original management team served as officers of Beacon Properties Corporation, a
publicly traded, national office property company that completed its IPO in 1994. Beacon
Properties Corporation merged with Equity Office Properties Trust in December 1997.
Since 1998, Beacon Capital has raised ten private, closed-end, commingled investment
funds. We have raised more than $19 billion of equity across these funds, co-investments
and joint ventures.
The direct owner of Beacon Capital is Beacon Capital Partners Owner, LLC. It provides a
participation interest to senior executives of Beacon and is principally owned by senior
executives of Beacon Capital and The Pine Trust, an estate planning vehicle of Alan M.
Leventhal and his family,
B. Types of Advisory Services Offered
Beacon Capital has affiliated entities that serve as the general partner of Fund VI, Fund
VII, Fund 8, and Fund 9 (the “Beacon Funds”). For more information on the
Beacon
Funds see Item 7 below.
The Beacon Funds invest in commercial real estate and related assets, with a focus on
value-added investments in office properties and select life science properties in its target
markets. The form of investment may include equity or debt interests.
For investments that fall outside the investment parameters of the Beacon Funds, Beacon
Capital has entered into other investment platforms and investment partnerships (“Beacon
JVs”).
The Beacon Funds and the Beacon JVs are collectively referred to as the “Beacon
Platforms.”
C. Tailoring Advisory Services to Individual Needs
Beacon Capital tailors its advisory services to the individual needs of the Beacon Platforms
in accordance with their investment objectives and restrictions in their limited partnership
agreement or other constituent documents (for each Beacon Platform, collectively its
“Platform Agreements”).
D. Wrap Fee Program
Beacon Capital does not participate in wrap fee programs.
E. Assets Under Management
As of December 31, 2023, Beacon Capital managed $1.9 billion on a discretionary basis,
based on the definition of Regulatory Assets Under Management.
As of December 31, 2023, the gross value of the real estate assets managed by Beacon
Capital in the Beacon Platforms, including debt, co-investments and joint venture interests,
and uncalled capital was $13 billion.