SAN ANTONIO, TX—USAA Real Estate Company ("Realco") says it has launched a European investment operations, to be based in Amsterdam. The company's initial activity will focus on providing capital for logistics development across the continent.

As part of the investment program, the USAA has entered into a strategic development and investment venture with Mountpark Logistics, which is led by John Cutts, well known for past successes in the development and delivery of logistics portfolios on a Pan-European basis.

Heading Realco's European office is David Buck, who has served USAA Real Estate Company since 1996, most recently as executive managing director of the firm's Global Logistics Development. Buck will be joined by Maximilian von Below who joins Realco from AM alpha GmbH in Munich where he had a variety of relevant responsibilities. At Realco, he will take the lead role in European client relationship management, while working closely with Buck on investment opportunities.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.