Gale & Wentworth has changed its name to The Gale Company, reflecting a new corporate branding and identity strategy. In 1999, Finn Wentworth resigned from his role in the day-to-day operations of the company to serve as COO with the YankeeNets organization. The Gale Company is now privately owned by chairman and CEO Stan Gale and is one of the largest privately held full-service commercial real estate, investment, leasing/advisory, construction, development and management companies. Gale Co. also announced that it has formed its fourth investment fund with Morgan Stanley valued at approximately $200 million. Stan Gale and Morgan Stanley created their first real estate investment partnership in 1996 and have invested approximately $2 billion in value-added suburban office properties and select CBD developments. This new fund will target acquisition and redevelopment opportunities in the Boston to Washington, DC corridor and Northern and Southern California markets. Michael Franco, head of U.S. acquisitions, Morgan Stanley Real Estate Fund, stated, "Stan Gale and his senior management team have distinguished themselves as one of the best operations in the real estate industry, and Morgan Stanley is proud to once again team up with The Gale Company. We are confident that this new fund will continue to enable our venture to build on our phenomenal past successes capitalizing on future strategic opportunities in the marketplace, which meet our investment criteria." "We are extremely pleased to once again be partnering with Morgan Stanley at a very exciting time in our company's history," stated Stan Gale. "With the creation of this new fund, The Gale Company remains extremely optimistic about the numerous investment opportunities in our targeted markets. Our focused management teams, breadth of services and world-class partners have positioned The Gale Company to remain one of the most active commercial real estate companies in the world."