CBRE announced today its appointment as the fund and property administrator for FD Stonewater, a boutique real estate brokerage, investment, development and asset management firm. CBRE’s Accounting & Reporting team will deliver integrated development, property and venture-level accounting and administration services for FD Stonewater’s U.S. based investments.
“We are very excited to expand our relationship with FD Stonewater,” said Jean-Francois Gillard, CBRE’s Global Leader of Accounting & Reporting. “With our team’s 100% focus on commercial real estate, which is unique within the industry, we are confident that we will deliver exceptional client outcomes that will help FD Stonewater reach their growth ambitions.”
CBRE’s Fund and Property Administration group offers integrated real estate property accounting and fund administration services to developers, investors and asset managers in more than 40 countries with $125+ billion in assets under administration (fund services only) and over 16,500 properties (property only). The group supports closed and open-ended funds, public and private REITs, JVs and separate accounts, across all asset classes, as well as property, design and construction accounting.
“CBRE is a key partner in supporting our development, property, fund and platform needs,” said Owen Burke, FD Stonewater Partner and Director of Asset Management. “We have worked with CBRE’s Property Management team for years, but now realize the value in working with them from a full-service accounting and reporting perspective. As we look to grow our business, we believe the partnership we have secured with CBRE, combined with leveraging technology to improve our infrastructure, will help us to scale, while allowing us to focus on the investment strategies that drive returns for our investors.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About FD Stonewater
FD Stonewater is a boutique real estate investment, development, and brokerage firm headquartered in Washington, D.C., with offices in Los Angeles and Newport Beach, CA. The firm offers national capabilities having completed work across the country and for a variety of clients. Collectively, the firm’s leadership has a track record of more than $10 billion in investment acquisitions, advisory services with over 45 million square feet of lease transactions completed, and over $250 million of development and construction management currently underway. For more information, visit www.fdstonewater.com.
