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.