Centersquare Investment Management Llc
SEC-registered
Investment Adviser · Large ($10B–$100B)
CRD 290078
· SEC file 801-111965
· Conshohocken, PA
· twitter.com
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $13.7B
- Discretionary
- $12.9B
- Clients
- 101
- Avg AUM / client
- $136M
- Accounts
- 138
- Employees
- 100
AUM over time
$8.8B
$14.1B
Dec 2017
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Asset allocation (SMA assets by investment type)
as of Mar 31, 2026
Exchange-traded equities
$11.6B
85%
Other
$1.9B
14%
Cash & equivalents
$137M
1%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Investments (13F portfolio — 79 positions, $9,673,348,551)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Welltower Inc | COM | $1,036,535,996 | 5,242,709 | 10.7% | 7.57% |
| 2 | Prologis Trust | COM | $823,231,976 | 6,228,113 | 8.51% | 6.01% |
| 3 | Equinix Inc | COM | $806,622,832 | 822,883 | 8.34% | 5.89% |
| 4 | Digital Realty Trust Inc | COM | $552,327,251 | 3,064,909 | 5.71% | 4.03% |
| 5 | Ventas Inc | COM | $484,834,447 | 5,928,521 | 5.01% | 3.54% |
| 6 | Extra Space Storage Inc | COM | $327,718,784 | 2,499,190 | 3.39% | 2.39% |
| 7 | Public Storage Inc | COM | $326,405,253 | 1,204,981 | 3.37% | 2.38% |
| 8 | Brixmor Property Group Inc | COM | $318,846,730 | 11,071,067 | 3.3% | 2.33% |
| 9 | Udr Inc | COM | $282,738,364 | 8,369,993 | 2.92% | 2.06% |
| 10 | Simon Property Group Inc | COM | $261,178,374 | 1,400,195 | 2.7% | 1.91% |
| 11 | Camden Property Trust | COM | $258,620,478 | 2,648,172 | 2.67% | 1.89% |
| 12 | Agree Realty Corp | COM | $258,521,364 | 3,429,575 | 2.67% | 1.89% |
| 13 | First Industrial Realty Trust | COM | $249,192,751 | 4,307,567 | 2.58% | 1.82% |
| 14 | Realty Income Corp | COM | $242,387,879 | 3,961,881 | 2.51% | 1.77% |
| 15 | Kimco Realty Corp | COM | $235,965,110 | 10,501,340 | 2.44% | 1.72% |
| 16 | Iron Mountain Inc | COM | $235,947,996 | 2,310,045 | 2.44% | 1.72% |
| 17 | Kite Realty Group Trust | COM | $193,890,671 | 7,897,787 | 2.0% | 1.42% |
| 18 | Invitation Homes Inc | COM | $185,119,578 | 7,449,480 | 1.91% | 1.35% |
| 19 | American Homes 4 Rent | COM | $166,655,373 | 5,969,032 | 1.72% | 1.22% |
| 20 | Equity Lifestyle Properties | COM | $140,716,590 | 2,254,351 | 1.45% | 1.03% |
| 21 | Macerich Company | COM | $137,490,016 | 7,274,604 | 1.42% | 1.0% |
| 22 | American Healthcare Reit Inc | COM | $131,173,323 | 2,781,453 | 1.36% | 0.96% |
| 23 | Omega Healthcare Investors Inc | COM | $131,013,212 | 2,989,804 | 1.35% | 0.96% |
| 24 | Host Hotels & Resorts Inc | COM | $130,662,597 | 6,819,551 | 1.35% | 0.95% |
| 25 | Vici Properties Inc | COM | $128,672,009 | 4,709,810 | 1.33% | 0.94% |
Top 25 of 79 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 6 | $1.7B | 12.1% |
| Pooled investment vehicles (non-investment companies) | 30 | $1.9B | 13.8% |
| Pension and profit sharing plans | 25 | $4.3B | 31.1% |
| Charitable organizations | 3 | $480M | 3.51% |
| State or municipal government entities | 24 | $4.6B | 33.8% |
| Other investment advisers | 2 | $125M | 0.91% |
| Insurance companies | 3 | $496M | 3.62% |
| Corporations and other businesses | 2 | $17.2M | 0.13% |
| Other | 6 | $147M | 1.08% |
Private funds (23)
View all →Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $1.6B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Rcg Longview Debt Fund Vi, Lp | Real Estate Fund | Delaware | $235M | 89 |
| Centersquare Value Added Fund V. L.P. master | Real Estate Fund | Delaware | $187M | 31 |
| Rcg Longview Centersquare Debt Fund Vii, L.P. | Real Estate Fund | Delaware | $177M | 37 |
| Rcg Longview Multifamily Income Fund, Lp | Real Estate Fund | Delaware | $143M | 66 |
| Rcg Longview Principal Partners Iii, Lp | Real Estate Fund | Delaware | $136M | 63 |
| Centersquare Global Real Estate Securities Fund, L.P. | Other Private Fund | Delaware | $124M | 2 |
| Centersquare Value Added Fund Vi, L.P. | Real Estate Fund | Delaware | $100M | 3 |
| Rcg Longview Debt (Offshore) Fund Vi, Lp | Real Estate Fund | Delaware | $90.5M | 7 |
| Csim Aligned Investment, Lp | Real Estate Fund | Delaware | $58.2M | 8 |
| Centersquare Value Added Fund Iv, L.P. | Real Estate Fund | Delaware | $56.1M | 33 |
| Centersquare Sfr Fund V Co Invest, Lp | Real Estate Fund | Delaware | $47.7M | 6 |
| Rcg Longview Centersquare (Offshore) Debt Fund Vii, L.P. | Real Estate Fund | Delaware | $45.6M | 11 |
| Rcg Longview Principal Partners Ii, Lp | Real Estate Fund | Delaware | $40.1M | 68 |
| Rcgl D7 Tlr Co Invest, Lp | Real Estate Fund | Delaware | $38.8M | 10 |
| Rcg D7 Rh Co Invest, Lp | Real Estate Fund | Delaware | $32.9M | 2 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Sheet Metal Workers Local Union No. 80 Pension Fund Trustees Of Sheet Metal Workers Local Union No. 80 Pension Fund | 2024 | |
| Teamsters Negotiated Pension Plan Teamsters Negotiated Pension Plan | 2024 | |
| Motion Picture Industry Pension Plan Board Of Directors, Motion Picture Industry Pension | 2024 | |
| Motion Picture Industry Individual Account Plan Board Of Directors, Motion Picture Industry Pension | 2024 | |
| The Goldman Sachs 401(k) Plan The Goldman Sachs Group, Inc. | 2024 | |
| Ufcw Consolidated Pension Fund Bd Of Trustees Ufcw Consolidated Pension Fund | 2024 | |
| Pension Plan Of Independence Blue Cross Independence Blue Cross, Llc | 2024 | |
| The Southern Company Pension Plan Southern Company Services, Inc. | 2024 | |
| Michigan Electrical Employees' Pension Plan Trustees Of Michigan Electrical Employees' Pension Fund | 2024 |
People (12)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Frankel, Dean, Eliot | Managing Director, Head Of Real Estate Securities | Jun 1998 (28y) | Less than 5% | |
| Maguire, Scott, Frederick | Managing Director, Head Of Investor Relations | Apr 2007 (19y) | Less than 5% | |
| Law, Robert, Joseph | Chief Financial Officer | Jan 2008 (19y) | Less than 5% | |
| Briddell, Eric, Todd | Chief Executive Officer And Chief Investment Officer | Mar 2010 (16y) | ≈ 4.69% – 25% via Centersquare Management Equity Holdings Llc | |
| Burkhardt, Chad, C | Managing Director, Private Real Estate | Mar 2018 (8y) | Less than 5% | |
| Reder, Jeffrey, Brandon | Managing Director, Private Real Estate | Mar 2018 (8y) | Less than 5% | |
| Boxer, Michael, David | Managing Director, Private Real Estate Debt | Jan 2020 (7y) | Less than 5% | |
| Gorsky, Richard, L | Managing Director, Private Real Estate Debt | Jan 2020 (7y) | Less than 5% | |
| Brophy, Michael, Timothy | Chief Compliance Officer | Mar 2020 (6y) | Less than 5% | |
| Robinson, Kevin, William | General Counsel | Oct 2020 (6y) | Less than 5% | |
| Grady, Melissa, Lynn | Chief Administrative Officer | Feb 2022 (5y) | Less than 5% | |
| Van Beelen, Christina | Chief Operating Officer | Jan 2024 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Centersquare Investment Management Holdings Llc | Sole Member | Sep 2017 | A | 75% or more |
| Lovell Minnick Equity Partners Iv A Lp | Shareholder | Jan 2014 | B | ≈ 3.52% – 25% via Lm Centersquare Investment Holdings Iv A Inc. |
| Fund Iv Ugp Llc | General Partner | Jan 2014 | B | 75% or more of Lovell Minnick Equity Advisors Iv Lp (indirect) |
| Lovell Minnick Partners Llc | Managing Member | Jan 2014 | B | 75% or more of Fund Iv Ugp Llc (indirect) |
| Lovell Minnick Equity Partners Iv Lp | Member | Jan 2014 | B | ≈ 9.38% – 37.5% via Lm Centersquare Holdings Llc |
| Lm Centersquare Holdings Llc | Member | Aug 2017 | B | ≈ 18.75% – 50% via Centersquare Investment Management Holdings Llc |
| Lm Centersquare Investment Holdings Iv A Inc. | Member | Aug 2017 | B | ≈ 4.69% – 25% via Lm Centersquare Holdings Llc |
| Centersquare Management Equity Holdings Llc | Member | Aug 2017 | B | ≈ 18.75% – 50% via Centersquare Investment Management Holdings Llc |
| Lovell Minnick Equity Advisors Iv Lp | General Partner | Jan 2014 | B | GP / trustee / elected manager of Lovell Minnick Equity Partners Iv Lp (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Briddell, Eric, Todd: 25% – 50% of Centersquare Management Equity Holdings Llc × 25% – 50% of Centersquare Investment Management Holdings Llc × 75% – 100% direct ≈ 4.69% – 25% of the firm
- Lovell Minnick Equity Partners Iv A Lp: 75% – 100% of Lm Centersquare Investment Holdings Iv A Inc. × 25% – 50% of Lm Centersquare Holdings Llc × 25% – 50% of Centersquare Investment Management Holdings Llc × 75% – 100% direct ≈ 3.52% – 25% of the firm
- Lovell Minnick Equity Partners Iv Lp: 50% – 75% of Lm Centersquare Holdings Llc × 25% – 50% of Centersquare Investment Management Holdings Llc × 75% – 100% direct ≈ 9.38% – 37.5% of the firm
- Lm Centersquare Holdings Llc: 25% – 50% of Centersquare Investment Management Holdings Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
- Lm Centersquare Investment Holdings Iv A Inc.: 25% – 50% of Lm Centersquare Holdings Llc × 25% – 50% of Centersquare Investment Management Holdings Llc × 75% – 100% direct ≈ 4.69% – 25% of the firm
- Centersquare Management Equity Holdings Llc: 25% – 50% of Centersquare Investment Management Holdings Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (23, $1.6B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Rcg Longview Debt Fund Vi, Lp | Real Estate Fund | $235M | $50.0K | 89 |
| Centersquare Value Added Fund V. L.P. | Real Estate Fund | $187M | $5.0M | 31 |
| Rcg Longview Centersquare Debt Fund Vii, L.P. | Real Estate Fund | $177M | $5.0M | 37 |
| Rcg Longview Multifamily Income Fund, Lp | Real Estate Fund | $143M | $18.0K | 66 |
| Rcg Longview Principal Partners Iii, Lp | Real Estate Fund | $136M | $12.5K | 63 |
| Centersquare Global Real Estate Securities Fund, L.P. | Other Private Fund | $124M | $1.0M | 2 |
| Centersquare Value Added Fund Vi, L.P. | Real Estate Fund | $100M | $5.0M | 3 |
| Rcg Longview Debt (Offshore) Fund Vi, Lp | Real Estate Fund | $90.5M | $100K | 7 |
| Csim Aligned Investment, Lp | Real Estate Fund | $58.2M | $100K | 8 |
| Centersquare Value Added Fund Iv, L.P. | Real Estate Fund | $56.1M | $10.0M | 33 |
| Centersquare Sfr Fund V Co Invest, Lp | Real Estate Fund | $47.7M | $1.0M | 6 |
| Rcg Longview Centersquare (Offshore) Debt Fund Vii, L.P. | Real Estate Fund | $45.6M | $5.0M | 11 |
| Rcg Longview Principal Partners Ii, Lp | Real Estate Fund | $40.1M | $50.0K | 68 |
| Rcgl D7 Tlr Co Invest, Lp | Real Estate Fund | $38.8M | $50.0K | 10 |
| Rcg D7 Rh Co Invest, Lp | Real Estate Fund | $32.9M | $50.0K | 2 |
| Rcg Flats, Llc | Real Estate Fund | $21.2M | $17.8K | 22 |
| Rcg Des Plaines Investor, Lp | Other Private Fund | $15.9M | $12.8K | 26 |
| Rcg Lpp3 1760 Co Invest, Lp | Real Estate Fund | $11.8M | $10.0K | 21 |
| Rcg Mfi Chapins Co Invest, Lp | Real Estate Fund | $11.6M | $25.0K | 18 |
| Rcg D7 Ha Co Invest, Lp | Real Estate Fund | $11.1M | $50.0K | 6 |
| Rcgl D7 Lake Walk Co Invest, Lp | Real Estate Fund | $4.0M | $50.0K | 2 |
| Csim V Hcp Co Invest, L.P. | Real Estate Fund | $3.4M | $1.0M | 3 |
| Rcg Longview 680 Co Invest, Lp | Real Estate Fund | $142K | $25.0K | 13 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (9)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Sheet Metal Workers Local Union No. 80 Pension Fund | Trustees Of Sheet Metal Workers Local Union No. 80 Pension Fund | 1,348 | $422M | 06/01/2024 |
| Teamsters Negotiated Pension Plan | Teamsters Negotiated Pension Plan | 2,158 | $713M | 06/01/2024 |
| Motion Picture Industry Pension Plan | Board Of Directors, Motion Picture Industry Pension | 61,464 | $5.9B | 01/01/2024 |
| Motion Picture Industry Individual Account Plan | Board Of Directors, Motion Picture Industry Pension | 61,140 | $6.2B | 01/01/2024 |
| The Goldman Sachs 401(k) Plan | The Goldman Sachs Group, Inc. | 23,891 | $12.8B | 01/01/2024 |
| Ufcw Consolidated Pension Fund | Bd Of Trustees Ufcw Consolidated Pension Fund | 166,161 | $5.6B | 01/01/2024 |
| Pension Plan Of Independence Blue Cross | Independence Blue Cross, Llc | 1,133 | $687M | 01/01/2024 |
| The Southern Company Pension Plan | Southern Company Services, Inc. | 26,369 | $15.3B | 01/01/2024 |
| Michigan Electrical Employees' Pension Plan | Trustees Of Michigan Electrical Employees' Pension Fund | 2,271 | $545M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 4.83 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
- • Other fees
- • FEES BASED ON RENTAL INCOME GENERATED BY REAL ESTATE INVESTMENTS
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Northern Trust $2.3B (17% of AUM) Mar 2026
- BNY Mellon $2.2B (16% of AUM) Mar 2026
- Citibank $1.9B (14% of AUM) Mar 2026
- State Street $1.3B (10% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗