USAA launches European operations
If you are high on European investing, what better place to set up shop than Amsterdam, probably the most libertine city on the continent?
That is how USAA Real Estate Co. is rolling these days with the launch of its European investment operations, to be based in that very city. Its initial focus: providing capital for logistics development in Europe.
Realco is not going it alone with this strategy. Rather, it is going Dutch with Mountpark Logistics, with which it has signed a strategic development and investment agreement. Mountpark Logistics is led by John Cutts, whom Realco says is well known for past successes in the development and delivery of logistics portfolios in Europe.
Realco has tapped David Buck to oversee operations in the company’s European office. Buck has been with Realco since 1996, most recently as executive managing director of global logistics development.
“This is the first of what I am confident will prove to be ma