San Francisco-based Forward Management [see profile] is seeking to buy a piece of one of the subadvisors for its mutual funds. The firm said that the deal would follow its practice of taking equity positions in its investment management partner.

In this case, Forward has signed a letter of intent with Uniplan Real Estate Advisors, the subadvisor to the Forward Uniplan Real Estate Investment Fund. Uniplan also manages a separate account product marketed by Forward. The two firms have had a marketing services agreement in place since May of 1999.

The deal would cover a minority stake in Uniplan, according to the firms.

"Uniplan has produced a strong investment performance track record and is devoted to servicing and educating our clients," said Alan Reid, president and CEO of Forward Management. "By taking an equity position, we can provide additional resources to nurture their continued growth."

Uniplan Real Estate Advisors is a subsidiary of Uniplan, Inc. It has offices in Milwaukee, Wisconsin and San Francisco, California. 

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