History
Discover how the firm that is now CBRE Investment Management evolved into a leading global real assets investment manager.

1773
Origins:
William Ellis sets up as an “upholder and appraiser” in London. A few years later he employed his nephew, Richard Ellis, as his apprentice. The Ellis family continuously ran and expanded the firm until 1938.
1906
Coldwell Banker Formed:
Colbert Coldwell founded his company in San Francisco on a philosophy that was revolutionary at the time: integrity, ethics and placing the clients’ best interests first. His ensuing partner, Arthur Banker, shared these values.1972
Asset Management Business Started:
Coldwell Banker Asset Management Services is established in the U.S., and Hillier Parker Fund Management Group is established in the UK.1992
Securities Business Founded:
Campbell-Radnor Advisors, which later became CBRE Clarion Securities, is founded in Radnor, Pennsylvania.1995
U.S. Investment Management Business Grows:
Coldwell Banker’s investment management capabilities are expanded in the U.S. through the acquisition of Westmark Realty Advisors.1996
ING REIM Formed:
ING Real Estate Investment Management is founded. It would grow to nearly $60 billion in assets under management before merging with CBRE’s investment management platform in 2011.1998
CB Commercial Acquires Richard Ellis:
CB Commercial acquires Richard Ellis in 29 countries and is renamed CB Richard Ellis (CBRE)1998
CBRE’s Investment Division Becomes CBRE Investors:
Westmark Realty Advisors is renamed CB Richard Ellis Investors (CBRE Investors). Hillier Parker Fund Management Group is acquired by CBRE and incorporated into CBRE Investors.2000
Fund of Funds Business Started:
ING RE Select (fund of funds) is founded.2000
Flagship Fund Series Started:
CBRE Investors launches Strategic Partners I, L.P., a value-add fund with a total capitalization of $800 million.2006
CBRE Expands Platform Into Development:
CBRE named to the S&P 500 upon its acquisition of top real estate developer Trammell Crow Company.2006
CBRE Global Multi-Manager Formed:
CBRE Investors Global Multi-Manager platform is formed through the acquisition of Oxford Property Consultants.2006
Caledon Capital Management Founded:
Caledon Capital Management launches in Toronto to develop and manage infrastructure and private equity investment programs.2008
First Private Equity Mandate:
Caledon is selected to manage the private equity program of an $8 billion Canadian public pension plan.2010
First Infrastructure Mandate:
Caledon is selected to assist with developing and managing a new infrastructure program of a $25 billion Canadian institution.2011
World-class Platforms Merge:
CBRE acquires ING Real Estate Investment Management’s European and Asian platforms, as well as ING Clarion Real Estate Securities. The new companies are CBRE Global Investors and CBRE Clarion Securities.2011
Caledon Expands to the U.S.:
A U.S. public pension plan selects CBRE Caledon to manage its infrastructure funds program and source co-investment opportunities.2012
Expansion into Infrastructure:
CBRE Clarion launches the Global Listed Infrastructure Strategy, expanding the platform beyond real estate into real assets.2014
Global Investment Partners Established:
CBRE Global Multi Manager becomes CBRE Global Investment Partners and expands investment program offering.2017
Focus Expanded to Private Real Assets:
Caledon joins the CBRE Global Investors platform, becoming CBRE Caledon and expanding the platform’s private investments beyond real estate into real assets.2019
CBRE Acquires UK Debt Platform:
CBRE acquires Laxfield Capital, a real estate debt investment business that becomes part of the CBRE Global Investors EMEA platform, further expanding the firm’s real assets solutions2021
Brands Merge:
CBRE Global Investors, CBRE Clarion and CBRE Caledon brands merge into a single brand: CBRE Investment ManagementRecent Press Releases
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Press Release
CBRE Investment Management Fund Acquires Dominant Class A Community Shopping Center in the Affluent Suburbs of Louisville, Kentucky
November 30, 2023
CBRE Strategic Partners U.S. Value 9, through a joint venture with Fairbourne Properties, has acquired Paddock Shops, a 353,665-square-foot, grocery-anchored community shopping center located at 4055 Summit Plaza Drive in Louisville, Kentucky.
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Press Release
CBRE Investment Management to Undertake Major Office Refurbishment at Prime City of London Location
November 14, 2023
CBRE Investment Management (“CBRE IM”) has announced a comprehensive repositioning of 10 Gresham Street, London following planning consent from The City of London Corporation.
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Press Release
CBRE Investment Management Acquires Circa €360 Million Residential Portfolio in Berlin
November 3, 2023
CBRE Investment Management (“CBRE IM”), on behalf of investment programs sponsored by the firm, has exchanged contracts to acquire a circa €360 million residential portfolio in Berlin, Germany, providing circa 1,200 residential apartments.
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Press Release
CBRE Investment Management Lets Award-Winning Sustainable Warehouse in Warrington
November 1, 2023
CBRE Investment Management (“CBRE IM”) has completed on the letting of the Solar120 warehouse on Europa Boulevard in Warrington to St Helens-based transportation company, John K Philips on a 15-year lease.
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Press Release
CBRE Investment Management Fund and GMH Communities Acquire Class A Student Housing Property Adjacent to the University of South Florida in Tampa
October 27, 2023
CBRE Strategic Partners U.S. Value 9, through a joint venture with student housing pioneer GMH Communities, has acquired Venue at North Campus, a fully leased student housing property located at 13702 42nd Street, Tampa, Florida.
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Press Release
CBRE Investment Management and Chancerygate Join Forces to Develop Urban Logistics Schemes
October 24, 2023
CBRE Investment Management (“CBRE IM”) and Chancerygate have formed a joint venture partnership to develop urban logistics schemes on behalf of an investment fund sponsored by CBRE IM.
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Press Release
CBRE Investment Management Significantly Increases Average Scores, Exceeds Direct Real Estate Industry Average in GRESB Real Estate Assessment
October 23, 2023
CBRE IM significantly increased its average weighted scores and far exceeded the GRESB averages in the 2023 GRESB Real Estate Benchmark Assessment.
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Press Release
CBRE Investment Management Acquires 102-Unit Residential Asset in Täby, Greater Stockholm
October 18, 2023
CBRE Investment Management (“CBRE IM”), on behalf of a fund sponsored by the firm, has acquired a residential asset in Täby, Greater Stockholm, Sweden, from local developer, Aros Bostadsutveckling.
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Press Release
CBRE Investment Management Welcomes Evan Gallagher to APAC Client Solutions Team
October 13, 2023
Evan Gallagher has joined CBRE IM to lead client engagement activities with institutional and wealth management investors in Australia, New Zealand and Southeast Asia.
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Press Release
CBRE Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distribution for October, November and December and Announces a Webinar with Portfolio Management
October 9, 2023
The CBRE Global Real Estate Income Fund (NYSE: IGR) Board of Trustees has declared distributions for October, November and December 2023, and the portfolio team will host a webinar Oct. 26.