Richard Ellis has hired Audrey Greenberg as chief financial officer of its US value-added property vehicles, the Strategic Partners funds.
Greenberg was previously chief financial officer of ING Clarion’s Lion Properties funds and prior to that worked for Phoenix Realty Group, Morgan Stanley and Merrill Lynch.
Greenberg will work from CBRE Investors’ Los Angeles. The firm, the private equity real estate arm of the real estate broker and services company Richard Ellis, said in a statement Greenberg would be responsible for investor relations, accounting and reporting as well as financing activities.
In May last year, the firm closed its latest value-added fund, the $2.1 billion value-added vehicle CBRE Strategic Partners US Value 5.
Since then the fund has purchased a variety of assets including a 905,500-square-foot “condo interest” at New York’s Bertelsmann building for a reported $360 million.
The property had been owned by troubled real estate investor Harry Macklowe, who bought the building for $967.6 million in February 2007 as part of a seven-office portfolio acquired from The Blackstone Group’s Equity Office Properties.