CBRE named Fund Accounting partner for UBS Asset Management’s US Direct Real Estate Business

CBRE has announced an agreement with UBS Asset Management’s US Real Estate & Private Markets business to provide a range of fund administration and related services for its US Real Estate and Farmland assets.

The agreement will allow UBS Asset Management to benefit from CBRE's scalable platform, dedicated real estate expertise, and innovative market-leading technology platform. As part of the agreement, a team of experienced professionals from UBS Asset Management transitioned to CBRE allowing for a seamless integration and continuation of exceptional service.

“Through our collaboration with CBRE, we are able to leverage their technology platform and capabilities to realize efficiencies, achieve greater flexibility, and support our teams in providing superior service and insights to our clients,” said Matt Johnson, Head of US Real Estate at UBS Asset Management.

Jean-Francois Gillard, Global Head of CBRE IA&R, added, “We are thrilled to collaborate with UBS Asset Management, one of the world’s largest and best-known real estate investment managers, and grateful for the trust they have placed in our expertise and capabilities. We are committed to supporting our clients’ growth and success through our comprehensive suite of integrated accounting solutions.”

Services provided by CBRE under this agreement will include Fund Accounting, Property Oversight, Performance, Treasury, and Platform Administration for UBS Asset Management’s entire U.S. Direct Real Estate and Farmland portfolio, including a number of separately managed accounts.

CBRE has become one of the world’s largest fund administrators providing integrated accounting services to developers, investors, and asset managers in more than 40 countries, and has over $350 billion in assets under administration. The group supports simple to complex fund structures including closed and open-ended funds, public and private REITs, JVs, and separate accounts, expanding across all asset classes, along with property and design and construction accounting.