(RealShare New York comes to the Grand Hyatt, New York, NY, October 9.)
NEW YORK CITY-RREEF's veteran global chief investment officer, Kurt Roeloffs, will be retiring at the end of the year, GlobeSt.com has confirmed. Roeloffs, according to the company website, currently overseas the activity of the "$65 billion that RREEF Real Estate has invested on behalf of its clients in private and public equity and debt strategies."
A former managing director at Banker's Trust, the retiring CIO launched his career at Trammell Crow Co., where he managed the development of a 750,000-square-foot office park.
RREEF has had its share of news lately. Last month GlobeSt.com reported that Deutsche, after much give and take, had opted not to sell-off its real estate and infrastructure investment management arm. The target buyer was Guggenheim Partners.
Instead, RREEF and other divisions—including DWS Americas, DB Advisors and Deutsche Insurance Asset Management—will be part of the newly integrated Asset & Wealth Management platform, the Frankfurt-based bank, which has US headquarters in Lower Manhattan, said in a statement released at the time.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
