Overview
Employees
10,001+ employees
Revenue
$500 million to $1 billion (USD) per year
Headquarters
Greater Atlanta Area, East Coast, Southern US
Category
Beyond Buildings
Lowe is a diversified national real estate company active in commercial, hospitality and residential property investment, development and management. Headquartered in Los Angeles, the firm maintains regional offices in Denver, Irvine, San Diego, San Francisco, Philadelphia and Washington D.C. Over the past 45 years, Lowe has developed, acquired or managed more than $28 billion of real estate assets. Lowe is currently responsible for more than $8 billion of commercial, hospitality and residential assets nationwide. Through its hospitality management subsidiary, the firm currently oversees the management of more than 17,500 hotel rooms/units nationwide. Founded in 1972 by Chairman Robert J. Lowe, the firm has an executive staff of 215 and a total employment of over 17,000. Lowe is owned by a group of employee and retired employee shareholders, twenty-nine of which are active in the firm. Lowe's executives are experienced in a wide array of property types. Their backgrounds include investment, management, development, finance, law, property management, marketing, planning, and construction. Virtually all of Lowe’s senior executives have considerable hands-on experience working at the property level. Lowe's organizational philosophy is to combine highly experienced executives with diverse disciplines into management teams tailored to the special needs of its clients and projects. This matrix of property type expertise and professional training has enabled the firm to outperform the market in several real estate cycles. Lowe International is operates in stealth mode. Lowe knows how to navigate the property market. Through subsidiaries, Lowe Enterprises invests in, develops, renovates, and manages commercial real estate, primarily in the western US. It operates through three divisions: Lowe Hospitality Group, a hotel development and management firm and parent of Destination Hotels & Resorts; Lowe Enterprises Investors, which invests on the behalf of pension plans; and Lowe Enterprises Real Estate, which develops and manages commercial and residential real estate. Notable properties include Inverness Hotel in Denver and Teton Mountain Lodge in Jackson Hole, Wyoming. Founded in 1972 by CEO Robert Lowe, the firm is owned by about 50 shareholders and has about 15 offices.
