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OUR COMPANY AFFILIATES

CBRE GROUP

CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2019 revenues of $23.9 billion and more than 100,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #128 in 2020. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

INVESTMENT SERVICES

CBRE Global Investors, combined with CBRE Clarion Securities and CBRE Caledon, is one of the world’s leading real asset investment managers with $108 billion in assets under management.

Built up over more than 40 years, our unparalleled platform is focused on real assets, giving our institutional clients access to real estate and infrastructure in the Americas, Europe and Asia Pacific. Our clients benefit from a complete range of investment solutions including equity and debt, direct and indirect, and listed and unlisted strategies.

Trammell Crow Company, founded in Dallas, Texas in 1948, is one of the nation’s oldest and most prolific developers of, and investors in, commercial real estate.The CBRE Global Investors and Trammell Crow Company platforms make up the Real Estate Investments division of CBRE Group.

The Real Estate Investments division is led by
Mike Lafitte, Global CEO, Real Estate Investments.

BLOGS

Regularly released content on the state of the real estate and infrastructure industry are produced by our subject matter experts and shared on their blogs. A selection of them can be found below.

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CBRE Global Investors Fund Acquires 674-Unit Apartment Community In Downtown Houston

HOUSTON, TEXAS. – December 20, 2019 – A fund sponsored by CBRE Global Investors has acquired a 674-unit apartment complex in Downtown Houston. The property, known as Skyhouse Downtown, spans 528,338 square feet across two 24-story residential towers. The complex also includes two structured parking garages. The acquisition is part of the fund’s broader strategy to acquire a property within a target U.S. multifamily market that CBRE Global Investors has identified in its “Winning Cities” program, which identifies metro areas that are expected to achieve long-term, resilient real estate performance.

Skyhouse Downtown, located at 1625 and 1725 Main Street, is situated just off Texas State Highway 49 and Interstate 69. The property is walkable to several restaurants, shops and entertainment venues and is less than a 20-minute drive to Houston’s Hobby Airport and a 30-minute drive from George Bush Intercontinental Airport.

Skyhouse Downtown was completed in 2016 and, in addition to high-end residential units and resident amenities, includes 10,173 square feet of ground-floor retail space that was 88 percent leased at the time of close. Apartments feature luxury finishes, floor-to-ceiling windows and private balconies with skyline views. The extensive resident amenity collection includes an indoor/outdoor rooftop amenity suite with a pool, a fitness center, grilling stations, a firepit, a lounge area and a catering kitchen, and two tennis courts, which sit atop the dual parking garages. CBRE Global Investors plans to implement its Above & Beyond resident amenity program at the property, which is expected to increase customer service to help satisfy the resident base.

“The broader Houston apartment market is recovering from a cyclical decline spurred by outsized supply that delivered against the backdrop of an economic slowdown in the energy sector and disruption from hurricane Harvey,” said Michael Gallagher, Senior Director of Multifamily Acquisitions for CBRE Global Investors. “With the third highest job growth in the country and top 10 population growth projected through 2024, the Houston apartment market is expected to grow at a time when national growth is decelerating. Additionally, Downtown Houston has a diversified employment base and is in the midst of an urban renewal driven by the City’s Downtown Living Initiative.”

About CBRE Global Investors
CBRE Global Investors is a global real asset investment management firm with $106.2 billion in assets under management* as of September 30, 2019. 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:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2018 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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 asset-related investments 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 assets; equity in funds and joint ventures; securities portfolios; operating companies and real asset-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real asset market, and its calculation of AUM may differ from the calculations of other asset managers.

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