Croft Young to join CBRE Group as CIO in July

CBRE Group (CBRE) announced that Croft Young, a senior investment banker, will join the company as Chief Investment Officer. When he joins CBRE in July, the company’s global Corporate Development and Strategy teams will report to Mr. Young. CBRE has enhanced its market position over the last several years through a combination of organic growth and mergers and acquisitions. With $4.8B of liquidity at year-end 2022, the company is positioned to make further strategic gains in M&A under Mr. Young’s leadership. "We are excited that Croft has decided to join CBRE," said Bob Sulentic, CBRE’s president and chief executive officer. "He has an exceptional M&A track record in the real estate sector and couples this with strong strategic and leadership skills." Young will join CBRE from Morgan Stanley (MS), where he is a Managing Director in the Real Estate Investment Banking Group. Over the past 14 years, he has been integrally involved in $175B of strategic and capital transactions, including M&A such as the sale of Industrial Properties Trust to Prologis and the sale of Fairmont Raffles Hotels International to Accor SA. His clients include public and private real estate investors, operators, service providers and investment managers.