Our Company.
Cabot was formed in 1986 as the investment advisor affiliate of Cabot, Cabot & Forbes, a nationally diversified real estate development company.
In 1990, management orchestrated a buyout of the firm and Cabot Partners Limited Partnership ("Cabot Partners") was formed to carry on its industrial expertise and investment programs as an independent investment advisor. Cabot Partners achieved superior performance relative to NCREIF benchmarks during an extremely difficult period in the real estate investment markets in the early 1990s. The firm became a leading real estate advisory firm noted for its exclusive focus on the industrial sector.
In 1998, certain Cabot clients and other investors contributed assets in an initial public offering to create the Cabot REIT. Beginning with the formation of the Cabot REIT, the Cabot team had the ability to invest on a fully discretionary basis. Between 1998 and 2001, the Cabot REIT completed 132 acquisitions and developments representing total invested capital of $1.2 billion and grew total market capitalization to $1.8 billion. In December 2001, the Cabot REIT was sold to an affiliate of California Public Employees' Retirement System in an all cash transaction valued at $2.1 billion.
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