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Alternative Assets  + Markets  + Real Estate  |  February 9, 2023
Argosy Real Estate Expands into Public Markets, Forms Argosy-Lionbridge Management
Joe Palmisano
By: Joe Palmisano

Argosy Real Estate Expands into Public Markets, Forms Argosy-Lionbridge Management

Real estate investment firm Argosy Real Estate Partners (AERP), which focuses on private real estate funds, has formed Argosy-Lionbridge Management (ALM), an asset management platform focused on publicly traded real estate securities.

Co-founders of ALM predecessor firm Lionbridge Asset Management, Greg Morillo and Adam Feldman, will serve as ALM’s CIO and COO, respectively.

Morillo and Feldman held research and investment positions in public and private real estate for Kingstown Capital, The Talisman Group, Wesley Capital and Morgan Stanley.

David Butler and Andy Stewart, AREP co-founders and co-CEOs, will serve as co-CEOs of ALM and members of the ALM investment committee with Morillo and Feldman.

With a focus on taking advantage of liquidity in the public markets and pricing inefficiencies, Stewart said, “We believe compelling investment opportunities exist in inefficient and overlooked areas of the public real estate securities markets.”

The Wayne, PA-based AERP manages $2.5 billion focused on opportunistic, value-add, core-plus and Opportunity Zone real estate investments in the middle market.

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Argosy Real Estate Partners

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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