LOS ANGELES-Profit Investments, a public equity investment firm based in Washington D.C., is launching a Los Angeles-based real estate investment emerging manager, as reported in an earlier GlobeSt.com story. Troy Jenkins, who formerly spent more than a decade at CBRE Global Investments, was plucked to lead the new venture as managing director. GlobeSt.com sat down with Jenkins to discuss Profit Investments' debut real estate venture, the role of emerging managers and his goals for the group.
GlobeSt.com: Why is Profit Investments venturing into real estate?
Troy Jenkins: The answer there lies in the provision of service to the pension fund and the institutional investment community, where, as you can imagine, many members of the community are budget conscious and are doing the best they can to service their constituents with limited resources. Profit Investments has the benefit of a 15-year track record, the reputation for timely and accurate reporting, and entering the real estate community is a very natural add-on to an existing platform.
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