"Barden's 32 years of experience, exceptionally diverse real estate background, investment expertise and track record as a manager, distinguished him amongst the candidates. His impressive leadership qualities will be instrumental in shaping the company and running the business," says Joseph E. Robert, Jr. in a statment. "Barden is a top executive whose experience through the various real estate cycles, combined with his international experience, makes him a tremendous asset to JER today and in the future."

Gale comes to JER from Starwood Capital Group where he was serving as vice chairman of real estate. Previous to this, Gale was CIO for real estate at ABP Investment US, Inc. where he oversaw a portfolio measuring at 20 billion euro. He also worked in an investment banking capacity for Salomon Brothers, Inc. in London and New York City; Nesbitt Burns Security; and as a practicing attorney.

Gale says, in a statement, "I am extremely pleased to be joining a renowned firm with a history of managing through and prospering in times of adversity and distress. JER has a solid infrastructure in debt and equity capabilities in the [US], Europe and internationally abroad."