Hao Zhou recently joined CBRE Investors as a managing director as the firm builds out its practice in Asia. Zhou will be based in the firm’s Hong Kong office and will oversee its investments in China.
“China is a major focus of our Asia strategy and it was important to have someone with not only tremendous expertise and knowledge but a great reputation to lead our programs,” Mark Karlan, executive managing director, said in a statement at the time of the appointment.
Zhou joins CBRE from the Yangtze Special Situations Fund, a vehicle established by Shanghai Industrial Development and Colony Capital to focus on Chinese real estate investment. Zhou received a law degree from Fudan University and an MBA from Northwestern University.
The move comes as CBRE’s chairman Robert Zerbst increasingly focuses on expanding the firm’s business in Asia. CBRE plans to move its Strategic Partners fund series, which focuses on value-added real estate investing, into the region. The fund already has US, UK and Europe funds.
Earlier this May, CBRE appointed Karlan as the executive managing director in Asia, responsible for the firm’s strategy in the region and strategic corporate real estate transactions.
Previously, Karlan was president and chief executive officer of Imperial Credit Commercial Mortgage Investment Corporation, a publicly traded commercial property and loan REIT that he also founded. Before that, Karlan was a Senior Vice President at JMB Realty Corporation.