AEW Invests in the Meyers Group

AEW Capital Management has invested $7.25 million in the Meyers Group, a provider of residential real estate information. The money from AEW Partners III came during a second round of funding for Meyers, with AGL Capital Investments of Denver, CO adding another $11.2 million.

“We look for Meyers Group to solidify its position as the leading source of information for the residential development industry,” says AEW Partners III portfolio manager Marc L. Davidson, whose firm also provided first round financing to Meyers. “With the combined resources of AEW and AGL, we expect the company will move forward quickly in meeting its growth objectives.”

Jeffrey S. Meyers, chairman and CEO of Meyers Group, says the company will use the proceeds to accelerate the introduction of new products and continue the conversion of the 15-year-old firm to an Internet-based model. The company website, www.meyersgroup.com, provides on-demand access to its databases, as well as market analyses and research. Meyers says he is “extremely pleased to have the continued trust of AEW and welcome AGL to our investor group.”

AEW is a real estate investment advisory firm, providing investment management, banking and related services to institutional investors and other owners of commercial properties and portfolios. The company manages approximately $6 billion of capital leveraged into more than $9 billion of real estate in North America and Europe.