CBRE Global Real Estate Income Fund Announces Officer Change
February 28 2022 - 5:02PM
Business Wire
The Board of Trustees of the CBRE Global Real Estate Income Fund
(NYSE: IGR) (the “Fund”), announces the succession of the President
and Chief Executive Officer of the Fund.
Effective January 1, 2022, Mr. T. Ritson Ferguson retired from
CBRE Investment Management Listed Real Assets LLC, the Fund’s
Adviser, as well as from his roles as the President, CEO, and
Portfolio Manager of the Fund. The Board of Trustees appointed Mr.
Joseph P. Smith as the Fund’s President and CEO to succeed Mr.
Ferguson. Mr. Smith is the Chief Investment Officer – Listed Real
Assets of the Fund’s Adviser and he is one of the Fund’s Portfolio
Managers. Mr. Ferguson remains on the Board of the Fund as an
interested trustee, as he commenced an external advisory role with
the Adviser after his retirement.
Mr. Smith remains as a Portfolio Manager of the Fund, along with
Mr. Kenneth Weinberg, and both are joined by Mr. Jonathan D.
Miniman. Mr. Miniman is a Portfolio Manager with the Adviser and
has worked alongside Messrs. Smith, Weinberg, and Ferguson for many
years.
It’s important to note that there is no change to the investment
philosophy or process at the Adviser or the Fund as a result of
these changes.
About CBRE Investment
Management
CBRE Investment Management is a leading global real assets
investment management firm with $141.9 billion in assets under
management* as of December 31, 2021, 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 Listed Real
Assets LLC is a separately registered investment adviser within
CBRE Investment Management that specializes in the management of
global listed real assets solutions.
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 2021
revenue). CBRE has more than 105,000 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 about CBRE Investment
Management, 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.
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Analyst and Press Inquiries: David Leggette +1
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www.cbreim.com/igr
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