New York—Deutsche Asset & Wealth Management announced that its real estate investment business (formerly RREEF Real Estate) has formed a new investment team focused on retrofits of physical buildings and related energy efficiency opportunities.
The team will be led by Jeff Baer, who was most recently Deutsche Bank’s Head of Global Logistics Services (GLS) for the past nine years. As part of that role, Baer was responsible for optimizing and servicing the Bank’s global real estate portfolio for staff in approximately 4,000 buildings across 73 countries globally and also led the Bank’s real estate sustainability initiatives.
Baer will be based in New York and will be joined by three additional team members who will transfer from GLS to Deutsche Asset & Wealth Management.
Deutsche Asset & Wealth Management’s real estate investment business, which was a founding member of the Greenprint Foundation, has played a leading role in sustainable real estate investment, incorporating practices that improve operating efficiency, mitigate risks, drive compliance, and attract high-quality tenants. To read about the real estate investment business’s latest sustainability initiatives, including plans to participate in the White House Better Buildings Challenge, download the 2012 annual Sustainability Report.