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COHEN & STEERS, INC. Makes Strategic Reduction in Paramount Group Inc Stake
ByAinvest
Wednesday, Oct 15, 2025 6:46 am ET1min read
Cohen & Steers reduced its stake in Paramount Group Inc by 59.16%, selling 11.2 million shares at $6.54 per share. The move reflects a shift in the firm's investment strategy for the real estate investment trust, which specializes in Class A office properties. Despite the reduction, Cohen & Steers still holds 7.8 million shares, accounting for 3.51% of its total holdings in PGRE.
Cohen & Steers, Inc. (NYSE: CNS) has significantly reduced its stake in Paramount Group Inc. by 59.16%, selling 11.2 million shares at $6.54 per share. This move reflects a strategic shift in the firm's investment strategy for the real estate investment trust, which specializes in Class A office properties. Despite the reduction, Cohen & Steers still holds 7.8 million shares, accounting for 3.51% of its total holdings in PGRE.The sale comes as One Market Plaza, a 1.6 million-square-foot office complex owned by Paramount Group and Blackstone, faces a looming loan maturity. The $850 million loan is set to mature in February 2026, and the occupancy rate at One Market Plaza has fallen to 67% as of June, with major tenants like Google, Morgan Lewis & Bockius, and Visa either having left or planning to leave, potentially leading to an occupancy rate below 50%, according to .
The reduction in Cohen & Steers' stake in Paramount Group Inc. coincides with the company's focus on diversifying its investment portfolio. Cohen & Steers recently announced a collaboration with DBS to provide access to the Cohen & Steers Diversified Real Assets Fund, according to . This fund is designed to deliver attractive total returns while maximizing real returns during inflationary environments, investing across four core real asset categories – global real estate, global natural resources, global listed infrastructure, and commodities.
The strategic shift in Cohen & Steers' investment strategy is aimed at mitigating risks and enhancing portfolio resilience in a volatile market environment. The firm's decision to reduce its stake in Paramount Group Inc. reflects its ongoing efforts to realign its portfolio with its long-term investment goals and risk management strategies.
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