Since its inception in 1992, Hearthstone has managed real estate investments for over 50 public and private pension funds, endowments, and investment banks. Clients have included CalPERS, CalSTRS, and over 30 financial institutions including Bank of America and JPMorgan Chase. Hearthstone has managed more than $2.0 billion of advisory work which includes consulting, project repositioning, marketing, bank Receiver work, as well as M&A services.