Real Estate Investor AEW Capital Management’s Top Picks: Simon Property Group Inc (SPG), Equity Residential (EQR) and Boston Properties Inc. (BXP)

AEW Capital Management’s stake in Boston Properties Inc. (NYSE:BXP) contains 2.22 million shares, worth about $311.78 million. The stake represents a slight decrease from the 2.25 million shares AEW held previously. Boston Properties Inc. (NYSE:BXP) is a self-administered and self-managed real estate investment trust (REIT), with a market cap of $20.11 billion. Boston Properties Inc.’s (NYSE:BXP) stock has climbed by 10% since May 2014. The company posted first-quarter 2015 net income of $171.2 million, a substantial increase from the $54.0 million it earned in the same quarter of last year. Among the funds we track at Insider Monkey with positions in Boston Properties is Adage Capital Management led Phill Gross and Robert Atchinson, which owned 229,356 shares as of the end of 2014.

Lastly, we will talk about AvalonBay Communities Inc (NYSE:AVB), in which AEW Capital disclosed a $287.07 million stake containing 1.65 million shares. The position represents a slight decrease from the 1.67 million shares the investor held a quarter earlier. AvalonBay Communities Inc (NYSE:AVB) is a real estate investment trust (REIT) engaged in developing, acquiring, owning and operating apartment communities in the United States. The market cap of the company is $21.78 billion. AvalonBay Communities Inc (NYSE:AVB)’s stock currently trades at $165.67, soaring 18.57% during the last year. Among the largest shareholders of the company are Israel Englander’s Millennium Management, and Arrowstreet Capital, led by Peter Rathjens, Bruce Clarke and John Campbell.

Correction: This article previously wrongly stated that AEW Capital Management is a hedge fund and has been corrected.

Disclosure: None