CBRE Expands Global Separate Accounts Business

LOS ANGELES—CBRE Global Investors has expanded its Global Separate Accounts practice in response to the healthy global investments market. Leading the group are James Clifton-Brown, who will serve as chairman, and Pieter Roozenboom, who will serve as executive director.

CBRE Global Investors ended 2014 with $37 billion in global separate accounts under management, which is a 10% bump over 2013. “There is a need for greater diversification, stretching outside local region end borders,” Mike McMenomy, the global head of investor services, tells GlobeSt.com. “Cross border capital flows have increased substantially, and we note that before much of that investment structure was inside a comingled fund. This new program will provide a little bit more of a control element in the real estate investment execution, versus a complete discretion mandate given to the investment manager, and this control is delivered via a separate account. Inside that separate account structure is more of a core/core-plus return objective versus the fund structures, which are an enhanced return.”