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JE Robert's Deborah Harmon

We've looked at billions of dollars of office and just didn't feel that we'd see the appropriate returns for the level of risk.

By John Salustri | Updated on November 24, 2004

The folks of J.E. Robert Cos. are ending 2004 on a high note. As GlobeSt.com reported in October, the McLean, VA-based investment and asset-management firm closed its JER Fund III with some $823 million in capital. But the firm also closed on its JER Investors Trust—JERIT for short—to the tune of $172.5 million. And then there’s the JER Europe Fund II, which tips the scales at roughly euro 123 million, bringing the grand total buying power to near $3 billion. Not a bad year, all things considered. The capital is earmarked for a specific niche—those assets deemed by the firm to be mispriced by the market and considered prime for value-enhancement. In a recent, exclusive interview, president and chief investment officer Deborah L. Harmon talked about the year that was—and what lies ahead.

GlobeSt.com: What is your basic investment mission?

Harmon: We look for the opportunity to add value. We look for where the risk might be mis-priced and the asset needs more capital.

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