Events MBA Commercial/Multifamily Servicing and Technology Conference May 13-16, 2008 Chicago More Info Green West Expo & Conference 2008 May 20-22, 2008 Los Angeles More Info ICSC ReCon May 18-21, 2008 Las Vegas More info

	Employs ~2,000 professionals 45 offices across 31 markets 5,000 customer relationships $87 billion in total assets $104 billion in served assets

 

Investment Notes

GE Real Estate recently formed a Global Investment Management division and named Joe Parsons as President and CEO.

In his new position, Parsons will provide the strategy to lead all of GE Real Estate's global Investment Management activities and to leverage its equity investing expertise to deliver returns that meet or exceed the expectations of global investors. GE Real Estate generated $18 billion in investment programs for GE in 2007.

Parsons most recently was President of GE Real Estate's North America Equity divison, where he led a group of rapidly evolving real estate businesses stretching throughout the U.S. and Mexico. Since arriving at GE Real Estate in 2002, he has transformed a $2.4 billion U.S. portfolio into a diversified North America Equity investment portfolio of approximately $15 billion, with more than $25 billion in real estate assets under management. Under his leadership, GE Real Estate made one of its largest and most significant acquisitions ever -- the $4.8 billion purchase in 2005 of Arden Realty.

Throughout his career, Parsons has demonstrated the ability to recognize and unlock value in a changing marketplace while building a balanced business with consistent earnings growth. Before taking the helm at North America Equity, he was president and CEO of GE Equity, where he managed a $5 billion portfolio.

Copyright 2008, Penton Media.. All rights reserved. This article is protected by United States copyright and other intellectual property laws and may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without the prior written permission of Penton Media.