Lakeshore Holdings selectively advises and partners with clients to increase profitability by…

  • Improving the performance and governance of investment teams

  • Profitably growing assets under management

  • Profitably repositioning portfolios

Established in 2003 by Jeff Johnson, Lakeshore Holdings was originally sponsored by a major investment bank.

“We implement value-investing techniques to find opportunities in the differences between Price and Value.” Making superior value-based investments requires broad macro research (“top-down”) and detailed product and submarket knowledge (“bottom-up”). Lakeshore’s track record has proven this method provides outperformance over long periods of time.

Track Record

Lakeshore has been involved in over $70 billion of investment transactions and ownership spanning 30+ years. More important than volume, Lakeshore Principals have consistently delivered outsized returns for their investors

  • Over $70 billion in transaction value through M&A, acquisitions and dispositions

  • Total return outperformance in both AUM growth and portfolio repositioning

  • Both private equity and Public REIT experience

  • Repositioning

    From 2003 to 2007, Equity Office was repositioned by acquiring $4.2 billion of strategic assets - creating a $1.3 billion development portfolio, disposing of $8.3 billion of non-strategic assets, and completing a stock buyback of $2.6 billion of stock. Eventually sold to Blackstone, the sale was the largest public-to-private transaction up to that time, at the peak of the US REIT market. Achieving an annualized total shareholder of over 37%, EOP share price increased 113%, from $25.97 to $55.50.

  • Profitably Growing AUM

    Lakeshore principals have worked together to grow Assets Under Management by over $40 billion for various entities. They have realized outsized returns for investors by finding ways to invest throughout differing economic cycles whether one-off acquisitions, development, or M&A. They have invested through private equity vehicles using cash and debt, through Public Reits using cash, debt, OP units, stock, as well as proceeds from non-strategic asset sales.

  • Repositioning

    From 2012 to 2017, with Jeff Johnson as CEO, Dividend Capital Diversified Fund (“DPFIX” now “AREIT”) was restructured into the largest Public Daily NAV REIT from a vehicle that had generated no return, or liquidity, to shareholders for over five years. Sandy Deets joined to help lead the effort to reposition by selling $1.4 billion of non-strategic assets, acquiring $656 million of strategic assets, and raising $200 million of new capital. DPF outperformed the listed REIT index (“IYR”) in total shareholder return, share price volatility, and dividend payout, while providing liquidity to shareholders.