ATLANTA, GA, Dec. 11, 2009-- Transwestern today announced that it has been selected by RREEF to take over the property management of 1,773,174 million square feet of its Georgia portfolio, which RREEF owns on behalf of their institutional clients.
Prior to the selection of Transwestern, the majority of the properties had been managed directly by RREEF, which is transitioning out of third party management, but will continue as the asset manager.
According to Bruce Ford, (top right photo) Transwestern’s Southeast region leader and executive vice president, “We are pleased to be awarded this prestigious portfolio. RREEF is a company we have long worked with and admired.
"We also have a common culture, so this is a natural fit for us. By partnering up on this particular portfolio assignment, we are certain we can deliver the best possible results for RREEF’s institutional clients and the building tenants.”
RREEF Real Estate acquires and manages investments in commercial and residential property, and real estate securities on behalf of its institutional and private clients worldwide. Its product offering is global and comprehensive, including core, value-enhanced and high yield property investments as well as investments in publicly traded real estate securities. RREEF Real Estate has more than $53.4 billion in assets under management worldwide as of September 30, 2009.
Transwestern, one of the largest privately held commercial real estate and development firms in the U.S., is focused on creating value for our clients in each local market we serve. Please visit us at http://www.transwestern.net/.
Media Contacts:
John T. Gallagher ,713.270.3336, Johnt.gallagher@db.com
Stacey Eddington, 212.250.4516, stacey.eddington@transwestern.net
Tony Wilbert, Wilbert News Strategies, twilbert@wilbertnewsstrategies.com
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