Lowe Enterprises [SEP] inception
Lowe Enterprises
Lowe Enterprises is a real estate investment firm based in Los Angeles. Since its founding, the company has acquired, constructed, or managed more than $21 billion in real estate assets. Its subsidiary, Destination Hotels & Resorts, was the third largest hospitality management company in the United States in 2013.
Corporate history.
Lowe Enterprises was founded in Los Angeles, California, in 1972 by Robert J. Lowe, Sr., and three business partners as a diversified real estate investment, management and development
firm. Since inception, it has developed or managed or acquired $28 billion in assets./ref In the early 1970s Lowe formed Destination Hotels & Resorts to manage hotels and resorts it developed. In the 1980s, the company branched out into "distressed properties", ones whose financial backers were having trouble meeting debt and operating payments. In 1990, the firm expanded into investment management, forming Lowe Enterprises Investment Management, an SEC registered investment advisor. By 2009, the company had expanded into managing properties for wealthy investors and corporations,