March 20, 2012. The U.S. Securities and Exchange Commission (“SEC”) has granted registration to Phillips Edison & Company Ltd. as an Investment Adviser under Section 203(c) of the Investment Adviser Act of 1940. The registration is effective immediately.
"In the past, Phillips Edison has managed its associated real estate funds for institutional and high net worth investors with a fiduciary standard and compliance procedure similar to the requirements of a registered investment adviser," noted Robert F. Myers, president of Phillips Edison & Company. "As a Registered Investment Adviser, we will continue to manage our family of funds and our investors’ capital in this manner, but with the added oversight of the SEC.”
Although registration as an Investment Adviser does not imply a certain level of skill or training, RIAs are subject to ongoing SEC regulation.
Phillips Edison & Company specializes in the acquisition, redevelopment, leasing, and management of grocery-anchored neighborhood and community shopping centers. The company’s portfolio includes more than 220 properties, totaling over 25 million square feet in 35 states. The privately owned, fully integrated real estate company has corporate offices in Cincinnati and Salt Lake City, as well as regional offices across the country.