LOS ANGELES – June 7, 2017 – CBRE Global Investors has appointed Joan Fallon to serve as an Independent Investment Committee Member for the Americas region, effective June 1, 2017. In this capacity, she will be responsible for providing an objective third-party perspective as she assists in evaluating and approving major investment decisions for the Americas funds and separate accounts.
“We believe having an independent investment committee member is critical to our investment process because it enhances our objectivity and reinforces our efforts to deliver exceptional performance to our investor clients,” said Vance Maddocks, CIO-Americas, CBRE Global Investors. “Joan has extensive experience in the real estate investment industry that will make her a valuable resource to the Americas Investment Committee.”
Ms. Fallon began her real estate career in 1980 at TIAA-CREF. During her long tenure at TIAA-CREF, her responsibilities covered both equity and debt investing. While serving as a Special Assistant to the Chairman, she designed the TIAA Real Estate Account, a commingled real estate fund for the defined contribution market. She subsequently served as the Account's first portfolio manager, overseeing its growth from $100 million to over $5 billion. She also previously worked for the U.S. Steel and Carnegie Pension Fund, where she was responsible for its real estate investing activities until her retirement in 2014. Ms. Fallon also served on the Board of Directors of Morgan Stanley’s PRIME Property Fund as an Independent Director for more than 10 years.
Ms. Fallon received a Master of Business Administration degree in Finance from Baruch College and a Master of Science degree in Urban Affairs and a Bachelor of Arts degree in Economics from Hunter College. She was a David Rockefeller Fellow with the Partnership of New York City and a member of the Pension Real Estate Association.
About CBRE Global Investors
CBRE Global Investors is a global real estate investment management firm with $86.5 billion in assets under management* as of March 31, 2017. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG). It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment company for the benefit of its investors. CBRE Group, Inc. has more than 75,000 employees in approximately 450 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to the fair market value of real estate-related assets with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice, and which generally consist of investments in real estate; equity in funds and joint ventures; securities portfolios; operating companies and real estate related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors' presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers.