The Guardian Life Insurance Company of America will acquire equity interest in Los Angeles-based Lowe Enterprises Investors. LEI is currently held by Lowe Enterprises. Terms of the transaction were not disclosed.

LEI, which will be based in Los Angeles, will be renamed Broadshore Capital Partners once the transaction is completed. All of LEI’s staff will transition to the new company. LEI’s management team will have up to a 20 percent equity interest in the new firm.

LEI co-chief executives Bradford W. Howe and Bleecker P. Seaman, III will lead the new firm.

“Broadshore Capital Partners will build upon the strong relationship we have established with Guardian as we pursue strategic growth initiatives and continue our commitment to the highest level of investment management stewardship for our investors,” Howe said in a statement.

Broadshore will manage more than $2 billion in real estate investments.

“As a partner we’ve seen the strength of LEI’s leadership team firsthand, and we’re excited to carry that forward with our increased investment in Broadshore Capital Partners,” said Thomas Sorell, chief investment officer at Guardian, in a statement. “Like Guardian, the team is committed to outperforming over the long term and we look forward to seeing Broadshore continue to identify attractive real estate investment opportunities for its clients.”

The transaction is expected to close in December.

Commercial real estate reporter Hannah Madans can be reached at [email protected]. Follow her on Twitter @HannahMadans