Real Estate Firm Proprium Capital Partners Said to Explore Sale

Proprium Capital Partners, a real estate firm with more than $4 billion of assets under management, is exploring strategic options including a sale, according to people with knowledge of the matter.

The firm is working with an adviser to contact potentially interested parties, said the people, who asked not to be identified discussing confidential information. No final decisions, including the structure of any transaction, have been made, and Proprium could opt not to proceed with a deal.

A representative for Stamford, Connecticut-based Proprium declined to comment.

The employee-owned firm, which has offices in London, Sydney, Hong Kong and elsewhere, ...