Axia Associates offers a full range of portfolio management services including portfolio structuring and restructuring, strategic and investment planning, performance monitoring and analysis, manager selection and manager fee structuring. Ultimately, we help clients manage their real estate portfolios by maximizing their control over the real estate investment process.

We utilize our real estate resources to develop strategies for both existing investments and future investment activity. At the same time, our continuous capital markets research permits us to help the client maintain perspective on real estate's role within the total investment portfolio and its value as a diversifier. We believe that real estate must always be viewed in the context of the total portfolio and managed as one element of that portfolio.

In any investment setting, but particularly with an asset class characterized as "illiquid" and "inefficient," control over the process depends upon superior information and an ability to act decisively. Axia Associates provides its clients with both.

How do we define control over the process? By way of example, we believe it means:

• Being able to formulate effective long-term strategies and the tactical plans to implement them;
• Being aware of available exit strategies for single properties, as well as for pooled fund investments, and being able to execute those strategies to maximize value;
• Knowing when a portfolio can and should be repositioned to take advantage of market opportunities;
• Knowing the strengths and weaknesses of a particular fund or manager before making an investment and what potentially better alternatives are available in the market;
• Understanding which investment fee and cost structures are preferable and why;
• Incorporating a capital markets perspective into the investment management process, so that the investor remains aware of real estate return movements in comparison to those of other asset classes.