CBRE

Emma Giamartino serves as Chief Investment Officer alongside her CFO role at CBRE Group. Andy Glanzman runs the Real Estate Investments segment directly. Investment decisions are executed through a professionalized institutional team operating under the public company's governance framework, not a single-family allocator model.

CBRE Investment Management leverages the parent company's brokerage and property management operations — the largest commercial real estate services platform globally — to identify off-market opportunities. Trammell Crow Company, its development subsidiary, originates build-to-core projects that never reach the broader sales market. This integration gives the investment team visibility into leasing trends, tenant demand, and distressed situations before competitors.

CBRE Investment Management invests in both properties and operating companies. It acquired a majority stake in flexible-workspace platform Industrious in 2019, purchased J&J Worldwide Services (a federal facilities contractor) in 2024, and runs Trammell Crow Company as a wholly owned development operating business. Its mandate extends beyond passive real estate ownership to active platform-building in adjacent services.

CBRE Investment Management is the institutional capital deployment arm of publicly traded CBRE Group. It operates as a distinct division with its own investment committees and portfolio management, but benefits from the parent company's services platform for deal sourcing, due diligence, and asset management. The relationship is analogous to how a bank's asset management division sits alongside its investment banking arm — separate mandate, shared intelligence.

CBRE Investment Management routinely structures co-investment vehicles for limited partners who want exposure beyond commingled funds. The firm raises separate accounts for large institutions and has historically offered LP co-investment rights in its development pipeline through Trammell Crow Company projects. Its infrastructure and debt strategies also accommodate direct co-investment alongside fund commitments.

CBRE IM focuses on tangible real assets — real estate equity, real estate private credit, and infrastructure. It does not invest in venture capital, corporate private equity unrelated to property services, or liquid public equities. The firm has historically avoided speculative residential development in favor of income-producing commercial property, logistics, and data center investment.

CBRE operates the CBRE Thrive Fund for corporate philanthropy, focused on community development and disaster relief. The foundation is legally and operationally separate from the investment management division, funded by corporate contributions rather than through investment vehicles. The firm's ULI and Real Estate Roundtable participation provides additional avenues for policy-oriented public-interest engagement.