ING Real Estate, the leading global real estate firm, announces that its has appointed David Gilbert, Portfolio Manager of ING Real Estate's new global opportunity platform and as Managing Director, ING Clarion Partners, LLC. Gilbert will be based in the New York office overseeing the development of ING Real Estate's global opportunity business and leading a team that will operate from ING Real Estate offices around the world.
Gilbert joins from JP Morgan Real Estate where he was a Managing Director with responsibility for an alternative property fund, focused on non-core real estate assets. Prior to that, he served as Managing Partner of the JP Morgan Partners Real Estate Group and co-chairman of The Peabody Funds, a global real estate opportunity fund co-sponsored by JP Morgan. Gilbert has spent more than 25 years in real estate finance and the investment management industry. Before joining JP Morgan Partners in 1998, he served as head of real estate at the California Public Employees Retirement System (CalPERS) where he directed a broad restructuring of the group's $6 billion real estate portfolio.
"This is an exciting and important step forward in the evolution of the ING Real Estate business," said David Blight, Vice Chairman of ING Real Estate. "We have decided to develop this platform from New York, under the wing of ING Clarion, and we are delighted to have attracted the services of someone of the calibre of David Gilbert"
Source: ING Real Estate