Robert Zerbst will retire as chairman of CBRE Investors at the end of the year after 11 years with the firm, formerly as its president and chief executive officer.
Zerbst helped grow the real estate investment firm from a pension fund advisor with $3.7 billion assets under management to a global multi-strategy manager with $44 billion under management, according to a statement from the firm.
Zerbst joined CBRE Investors in 1997 as president after previously founding Piedmont Realty Advisors and being a partner with the RREEF Funds, which were acquired by Deutsche Bank in 2002.
From 1998 until last year, Zerbst was chief executive officer of CBRE Investors before handing over the reins to Vance Maddocks in 2007. Zerbst remained on as chairman. Following his retirement, Zerbst will continue to act as a special advisor to Maddocks.
“This has been the best job I could have imagined,” Zerbst said. Maddocks added that Zerbst had been the lynchpin in transforming CBRE Investors from a domestic US operation to an international organization.