Institutional Valuations Veteran Sung Lee Joins CBRE

CBRE announced today that industry veteran Sung Lee has joined its Valuation & Advisory Services (VAS) team as Head of Fund Valuations for the Americas.

Mr. Lee has more than 20 years of experience in the commercial real estate industry and specializes in the valuation of institutional real estate. Based in New York City, he is responsible for developing and managing strategic partnerships with leading real estate investors and investment managers within the private fund and institutional space. He will partner with CBRE’s VAS leaders to ensure the consistent execution of services across geographies and property types.

“As we continue to expand our service offerings for clients, this is an exciting time for the growth of our business. Sung is a uniquely skilled advisor with a deep understanding of the institutional valuation space. He has built a top tier reputation as a trusted advisor, developing high level relationships with many of the industry’s largest equity investors,” said Tom Edwards, Global President of VAS for CBRE.

“Transparency and speed of execution required by modern institutional real estate investment models, exemplified by Non-Traded REITs and defined contribution funds, are forcing commercial real estate valuers to adopt technologies and search for efficiencies at a pace unimaginable just five years ago. With its size, reputation and global reach, there is no better platform to support the rapid evolution of the commercial valuation industry than CBRE,” said Mr. Lee.

Mr. Lee joins CBRE from Altus Group, a provider of software and advisory services to the global commercial real estate industry, where he was most recently Co-Head of Global Advisory & Mergers and Acquisitions. He had been with Altus Group since 2010, holding senior roles, including Head of Global Accounts and Global Head of Business Development. Prior to that, he was at PricewaterhouseCoopers and Intercontinental Investments.