CBRE has appointed M&A specialist Croft Young as chief investment officer.
Young will join CBRE in July from Morgan Stanley where he is currently a managing director in its real estate banking group.
CBRE president and chief executive Bob Sulentic said Young had “an exceptional M&A track record in the real estate sector and couples this with strong strategic and leadership skills” and that CBRE was “positioned to make further strategic gains in M&A” under his leadership.
Over the past 14 years, Young has been involved in $175bn (£140bn) of strategic and capital transactions, including M&A such as the sale of Industrial Properties Trust to Prologis and the sale of Fairmont Raffles Hotels International to Accor SA. His clients include public and private real estate investors, operators, service providers and investment managers.
He will join CBRE’s global executive committee and will report directly to Sulentic.
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