CalPERS Taps Stausboll as CEO
After a lengthy search, thePublic Employees’ Retirement System (CalPERS) has named former interim chief investment officer Anne Stausboll as CEO. Stausboll becomes the first woman to lead the Sacramento, Calif.-based system in its 77-year history.
She will oversee 2,300 employees and a $332 million annual budget for the system, which has $182 billion in assets under management.
Stausboll first served as CalPERS’ deputy general counsel in the late 1990s before leaving to become general counsel for California State Treasurer Phil Angelides in 1999. She was appointed the state’s chief deputy treasurer in 2000 before returning to direct CalPERS’ real estateprogram four years ago.
TIC Properties Creates Institutional Program
Greenville, S.C.-based TIC Properties LLC, a provider of tenant-in-common property exchanges for investors, has hired James Logan as senior vice president to lead the marketing,and management of the company’s new focus on institutional clients.
With 20 years of experience in marketing, sales and management, Logan was most recently a principal with Greenwood Capital Associates LLC, a boutique money management firm in nearby Greenwood, S.C.
He also worked with Netherlands-based staffing firm Randstad North America, and began his career with Blockbuster Entertainment Corp./Viacom, where he gained experience in the hospitality industry through the Extended Stay America brand.
TIC’s portfolio includes 4.5 million sq. ft. of office,and apartment properties. According to TIC, more than 700 investors have committed $261 million to the firm in its seven years of existence.