CORE FUNDS

Tishman Speyer established its first institutional investment fund in 1997, and since then we have employed a range of investment strategies to pursue acquisitions and development opportunities. Through 17 private and institutional investment vehicles, we have invested approximately $11.3 billion of equity in 50 different global markets. The diversity of these vehicles, combined with our lengthy track record, demonstrates our ability to consistently execute investment strategies across multiple locations and under widely varying market conditions. These strategies and respective vehicles are described below:

Core Funds

Our core strategy focuses on acquiring well-leased, well-maintained office buildings in major global markets and maintaining strong occupancy with creditworthy tenants. It is intended to yield stable, income-producing portfolios with predictable total returns.

European Strategic Office Fund

Tishman Speyer European Strategic Office Fund (ESOF) closed in 2003 with approximately €602 million in capital commitments. ESOF acquired 11 well-positioned assets in major Western European central business districts, including Brussels, Hamburg, Munich, London, Milan and Paris.