CBRE Global Real Estate Income Fund : Investment Management Expands German Management Team With Promotion of Sebastian Ehrhardt
June 08, 2023 at 10:16 am EDT
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CBRE Investment Management Germany has promoted Sebastian Ehrhardt, Head of Transactions Germany, to Managing Director. He joins the German management team with Country Head Germany Marius Schöner, Managing Director Client Solutions Chris Wood and Chief Financial Officer Juan Miguel Hidalgo Rodriguez. The expansion of the team reflects the global investment manager's business growth in Germany.
Sebastian has been working in the property industry for close to 19 years, with the last seven at CBRE Investment Management. His main responsibilities have included acquisitions as well as the project and asset management of complex, mixed-use value-add assets and developments, and is now Head of Transactions for the entire German-speaking region.
Marius Schöner, Country Head of Germany at CBRE Investment Management, says: "As an investment and value-add expert, Sebastian is a perfect fit to complement our German management board. He has built a broad industry network and as Head of Transactions materially contributed to our business growth in Germany over the past years. We are looking forward to continuing our trajectory in Europe's largest economy together with Sebastian as part of the management team."
Since 2019, CBRE Investment Management's German portfolio grew by more than €2.5 billion, including €800 million of value-add investments and €1 billion in off-market deals. The most recent acquisition is a €560 million residential portfolio from Vonovia.
About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $148.9 billion in assets under management* as of March 31, 2023, operating in more than 30 offices and 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world's largest commercial real estate services and investment firm (based on 2022 revenue). CBRE has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE's data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management's presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.
CBRE Clarion Global Real Estate Income Fund published this content on 07 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2023 14:15:10 UTC.
CBRE Global Real Estate Income Fund (the Trust) is a diversified, closed-end management investment company. The Trustâs primary objective is high current income, and its secondary objective is capital appreciation. It invests globally with an emphasis on the income-producing common equity and preferred stocks of real estate companies. It can invest up to 25% of its assets in preferred shares of global real estate companies. The Trust invests in Real Estate Equity Securities where dividend distributions are subject to withholding taxes as determined by United States tax treaties with respective individual foreign countries. The Trust may invest up to 20% of its total assets in preferred securities that are rated below investment grade. Its portfolio of investments includes residential, industrial, data centers, malls, health care, office, towers, shopping centers, hotels, and self-storage. CBRE Investment Management Listed Real Assets LLC is the investment adviser of the Trust.
CBRE GLOBAL REAL ESTATE INCOME FUND 
