Executives at Lend Lease Rosen Real Estate Securities, Berkeley, Calif., have acquired the company from Australia's Lend Lease Corp. Ltd. in a transaction with undisclosed terms.The buyers, led by chief executive officer Michael A. Torres, have renamed the company Adelante Capital Management LLC and registered it as an investment adviser with the Securities and Exchange Commission. Putnam Lovell NBF Securities Inc. served as financial adviser to ACM Acquisition LLC, the business entity that purchased the company, and Heller Ehrman White & McAuliffe LLP provided legal advice to the buyers. J.P. Morgan served as Lend Lease Corp. Ltd.'s adviser, according to Adelante Capital Management. Adelante can be found on the Web at http://www.adelantecapitalmanagement.com.

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