New York, April 4, 2013
Deutsche Asset & Wealth Management announced today that its real estate investment business (formerly RREEF Real Estate) has formed a new investment team1 focused on retrofits of physical buildings and related energy efficiency opportunities.
The team will be led by Jeff Baer, who was most recently Deutsche Bank's Head of Global Logistics Services (GLS) for the past nine years. As part of that role, Mr. Baer was responsible for optimizing and servicing the Bank’s global real estate portfolio for staff in approximately 4,000 buildings across 73 countries globally and also led the Bank’s real estate sustainability initiatives.
“The focus of this new team underscores our long‐standing commitment to sustainable real estate investing and we look forward to further diversifying the compelling set of investment solutions that we bring to our clients,” said Todd Henderson, Head of Real Estate, Americas. "In his prior role, Jeff led more than 900 sustainability‐focused projects on behalf of Deutsche Bank’s real estate portfolio, and his experience and passion for employing energy efficiency strategies will be a valuable addition to our platform.”
Mr. Baer will be based in New York and will be joined by three additional team members who will transfer from GLS to Deutsche Asset & Wealth Management.
Deutsche Asset & Wealth Management’s real estate investment business, which was a founding member of the Greenprint Foundation, has played a leading role in sustainable real estate investment, incorporating practices that improve operating efficiency, mitigate risks, drive compliance, and attract high‐quality tenants. To read about the real estate investment business’s latest sustainability initiatives, including plans to participate in the White House Better Buildings Challenge, download the 2012 annual Sustainability Report.
Deutsche Asset & Wealth Management – Real Estate
Deutsche Asset & Wealth Management’s real estate investment business (formerly RREEF Real Estate) has been investing in real estate assets for more than 40 years. As part of the Alternatives and Real Assets platform, this business today has more than 450 employees located in 21 cities around the world and $48.8 billion2 in assets under management as of December 31, 2012, and offers a diverse range of strategies and solutions across the risk/return and geographic spectrums, including core and valueadded real estate, real estate securities, real estate debt and opportunistic real estate. The real estate investment business employs a disciplined investment approach and aims to deliver superior long‐term risk adjusted returns, preservation of capital and diversification to its investors, which include governments, corporations, insurance companies, endowments, and retirement plans worldwide. To learn more about Deutsche Asset & Wealth Management's real estate investment capabilities, go to www.rreef.com.
Deutsche Asset & Wealth Management
With €944 billion of assets under management (as at December 31, 2012), Deutsche Asset & Wealth Management is one of the world's leading investment organizations. Deutsche Asset & Wealth Management helps individuals and institutions worldwide to protect and grow their wealth, offering traditional and alternative investments across all major asset classes. It also provides tailored wealth management solutions and private banking services to high‐net‐worth individuals and family offices.
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1 Investment team activities conducted through RREEF America LLC.
2 Excludes infrastructure securities assets under management, which were previously reported under the RREEF Real Estate business.