With third-party outsourcing of fund accounting functions becoming a growing trend in the real estate investment management industry, lift-outs of personnel have become a preferred way for that outsourcing to take place. A new report from CBRE, Beyond Outsourcing: The Rise of Back-Office Lift-Outs for Institutional Real Estate Investors, takes a closer look at the strategy and lays out best practices for a successful lift-out.
“There is clearly a trend in the industry for more outsourcing,” said Jean-Francois Gillard, executive managing director and head of investment accounting and reporting with CBRE, in an interview with IREI discussing the new report. “Every investment manager today feels some level of pressure to look at it because the market expects it and because many competitors have done it.”
