People - MAY 24, 2013

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Bentall Kennedy appoints new senior vice president

by Sara Kassabian

Steve Lekki has been appointed senior vice president at real estate manager Bentall Kennedy within the portfolio management group, confirms Jennifer Arnold, director of communications and marketing at the firm.

Lekki will manage a separate account with the $266.7 billion California Public Employees Retirement System (CalPERS), with an investment focus on core industrial properties in the United States. The pension fund approved a proposal to change its current real estate investment strategy by extending the investment period by two years. CalPERS is focusing on core assets to rebalance its real estate portfolio.

A recent core purchase was two adjacent residential towers,

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