Big moves coming within CBRE's investing businesses? i.e., Trammell Crow Company and CBRE Investment Management.
CBRE's management team, which tends to provide relatively conservative guidance, made some big statements during this week's earnings call about future investing activities.
New vehicles, big fundraising hauls, eye-popping profits buried within TCC...
---- Underappreciated ----
"Our Real Estate Investments segment, which includes our investment management and development businesses, is underappreciated. This segment has significant embedded profits, and we expect it to become one of the leading contributors to our long-term growth."
---- Embedded TCC profit ----
"We estimate that we have more than $900 million of embedded net profits in our development, in-process portfolio and pipeline..."
---- New leaders, new vehicles ----
"There were other funds that we would like to start that we have not been in a position to start because we didn't feel that we had the experience in our leadership to do that. With the changes we've made to our leadership team, bringing Adam Gallistel in to be our Chief Investment Officer and elevating Andy Glanzman, who's been on a rapid rise in his career in that business, and with our balance sheet strength that we now have, we believe we'll be able to do additional funds to fill out holes that we have in our offering right now, and we believe we'll be able to scale the funds that we have in place, again, by using co-investments to attract other capital."
---- Fundraising ----
"We expect this to be a huge year for capital raising. We expect to raise a near-record amount of capital for our Investment Management business, which will position us very well to deliver really strong returns and strong growth in 2026 and beyond."
CBRE's management team, which tends to provide relatively conservative guidance, made some big statements during this week's earnings call about future investing activities.
New vehicles, big fundraising hauls, eye-popping profits buried within TCC...
---- Underappreciated ----
"Our Real Estate Investments segment, which includes our investment management and development businesses, is underappreciated. This segment has significant embedded profits, and we expect it to become one of the leading contributors to our long-term growth."
---- Embedded TCC profit ----
"We estimate that we have more than $900 million of embedded net profits in our development, in-process portfolio and pipeline..."
---- New leaders, new vehicles ----
"There were other funds that we would like to start that we have not been in a position to start because we didn't feel that we had the experience in our leadership to do that. With the changes we've made to our leadership team, bringing Adam Gallistel in to be our Chief Investment Officer and elevating Andy Glanzman, who's been on a rapid rise in his career in that business, and with our balance sheet strength that we now have, we believe we'll be able to do additional funds to fill out holes that we have in our offering right now, and we believe we'll be able to scale the funds that we have in place, again, by using co-investments to attract other capital."
---- Fundraising ----
"We expect this to be a huge year for capital raising. We expect to raise a near-record amount of capital for our Investment Management business, which will position us very well to deliver really strong returns and strong growth in 2026 and beyond."
COMMENTS