CBRE expands real estate accounting partnership with AEW’s private equity group

CBRE has announced an expanded outsourcing agreement with AEW Capital Management to provide real estate accounting- and reporting-related services to AEW’s North American private equity group, which manages direct private equity investments in core, value-added and opportunistic real estate investments in the United States.

As part of this agreement, CBRE will provide AEW with accounting, financial reporting and property oversight services for approximately $40 billion in U.S. commercial real estate investments. The agreement includes the transfer of approximately 50 AEW employees to CBRE’s office in Boston.

“AEW has been working with CBRE for a number of years in this capacity and believe this expanded partnership will position our firm to continue to deliver for our investors in the long term and provide scalability to support our continued growth,” said Jon Martin, CEO of AEW Capital Management. “We selected CBRE for their proven track record in providing