CBRE Group, Inc. (NYSE: CBRE) today announced leadership changes within its Real Estate Investments business line and its subsidiary Trammell Crow Company.
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Mike Lafitte (Photo: Business Wire)
Mike lafitte, Global Chief Executive Officer (CEO) of Real Estate Investments, will take on additional responsibilities as CEO of Trammell Crow Company, the real estate development arm of CBRE.
Matt Khourie, the current CEO of Trammell Crow Company, will occupy a newly created position – Chief Investment Officer (CIO) of Real Estate Investments, reporting to Mr. Lafitte. In this role, Mr. Khourie will focus on allocating CBRE equity to direct real estate investments and funds as well as initiatives related to real estate investments. Mr. Lafitte and Mr. Khourie will take up their new functions on January 1, 2021.
In addition, Mr. Khourie will assume the role of CIO of Trammell Crow Company on April 1, 2021, when the current CIO of the company, Craig cheney, will retire.
Adam weers will be promoted to Chief Operating Officer (COO) of Trammell Crow Company on April 1, 2021, when the company’s current COO, Mike duffy, will retire. Mr. Weers was director of the Washington, DC office of Trammell Crow Company for nine years and led key development projects. In his new role, he will administer the investment and executive committee approval processes of Trammell Crow Company, and oversee its marketing, communications, human resources, legal / risk management, and digital and technology. He will report to Mr. Lafitte.
Mr. Lafitte said, âMatt is a seasoned investor and I look forward to his partnership to identify and exploit the opportunities for capital deployment of CBRE as a principal in real estate. Adam has been a valued member of the Trammell Crow Company for over 15 years, and our national leadership team will benefit greatly from his organizational skills and other talents. Craig and Mike have been exemplary members of our management team for decades and we wish them all the best as they enter a new phase in their lives. “
This month, Trammell Crow Company was ranked # 1 Business Development Company in the United States by Commercial Property Executive for the seventh consecutive year.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate investment and services firm (based on 2019 revenue ). The company has more than 100,000 employees (excluding subsidiaries) and serves real estate investors and occupants through more than 530 offices (excluding subsidiaries) around the world. CBRE offers a wide range of integrated services, including facilities, transaction and project management; property management; investment management; evaluation and evaluation; Property rental; strategic advice; real estate sales; mortgage and development services. Please visit our website at www.cbre.com. We regularly post important information on our website, including company and investor presentations and financial information. We intend to use our website as a vehicle to disclose material, non-public information and to comply with our disclosure obligations under the FD Regulation. These disclosures will be included in the Investor Relations section of our website at https://ir.cbre.com. Therefore, investors should watch this part of our website, in addition to following our press releases, documents filed with the Securities and Exchange Commission, public conference calls and webcasts.
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