Logistics and industrial group, AMB Property Corporation, has hired two former investor relations professionals most recently at JER Partners to increase its capital raising prowess and improve communications.
The San Francisco-based company has appointed Tim Brosnan and Martina Malone, who will develop contacts with institutional investors and consultants in the US and Europe respectively, it said.
Both professionals were formerly with JER Partners.
Brosnan was director, capital markets and client relations at Virginia-based JER, and before that was performing a similar function at RREEF, the alternative asset management business of Deutsche Bank.
Malone was previously director of capital markets and head of European client relations at JER responsible for the company’s European investor relations and capital raising efforts for all global funds.
AMB manages private funds via AMB Capital Partners.
“Delivering superior service and communication to our institutional investors is a top priority,” said Capital Partners’ managing director, Jim Green.
Parent company, AMB Property Corporation owns, operates and develops logistics and industrial property in major hubs and gateway distribution markets in the Americas, Europe and Asia. It launched its first private equity commingled fund in 1991 and the parent corporation went public in 1997, two years later selling its shopping centre holdings to concentrate on industrial real estate.
Shares in the group have come under pressure in recent times. After rallying between February and June, they have since fallen back to their value at the beginning of the year, trading at around $24 a share.