Bailard announced that Tess Gruenstein and James Pinkerton have assumed co-head roles for Bailard’s real estate team, succeeding Preston Sargent, who retired as president and CEO of the Bailard Real Estate Fund (BREF) at year-end.
BREF is the firm’s open-end, diversified core private real estate fund.
Gruenstein and Pinkerton will continue to work closely with senior team member, Alex Spotswood, an important contributor to BREF’s success over the past nine years. While Sargent will step back from day-to-day responsibilities, he will remain a strategic adviser to the fund for at least the next year and will continue to serve on the BREF board of directors.
Gruenstein has been with Bailard for more than a decade and has played a central role in the development and oversight of the firm’s real estate business. As executive vice president and head of portfolio management, Gruenstein oversees portfolio management, fund operations, and compliance, and serves o
