AEW executive managing director Pamela Herbst retires after 45-year career in CRE investing

AEW Capital Management announced that executive managing director Pamela Herbst retired from AEW at year-end after an accomplished career that has spanned nearly 43 years, including 26 years at AEW.

In recognition of her vast contributions to the firm and the industry, AEW has created the Pamela Strout Herbst Legacy Scholarship at University of Massachusetts Boston, her alma mater. The permanent scholarship will support full-time undergraduate students who desire to pursue a career in economics, investment management and commercial real estate and also demonstrate a commitment to advancing equity and inclusion in business.

“I enjoyed the role I have played in the tremendous growth and success of AEW, and I treasure the many relationships I’ve developed over the course of my career. I am especially proud to have helped pave the way to a more inclusive industry that now provides greater opportunities to far more people,” said Herbst. “The scholarship that AEW has