- Myerberg Brings Expertise from Morgan
Stanley to Accelerate J.P. Morgan's Real Estate Growth -
NEW
YORK, July 24, 2024 /PRNewswire/ -- J.P. Morgan
Asset Management today announced the appointment of Josh Myerberg as Managing Director and Head of
Portfolio Strategy for Core and Core Plus Real Estate Americas
investment platforms. This strategic hire underscores the
firm's commitment to expanding its flagship real estate business,
which boasts a 60-year legacy of equity and debt fund capabilities.
Myerberg will report directly to Chad
Tredway, Head of Real Estate Americas, beginning in late
August.
Myerberg transitions to J.P. Morgan from Morgan Stanley, where
he served as CIO and Deputy Portfolio Manager for the firm's
largest core real estate fund. In his new role, Josh will
spearhead portfolio strategy, oversee the core and core plus real
estate teams and the Strategic Property, Special Situation
Property, and U.S. Real Estate Income & Growth strategies.
"Josh's track record, two decades of experience and strategic
vision will be instrumental in driving the growth and positioning
of our equity funds. The real estate franchise is extremely well
positioned for growth," said Mr. Tredway. "We are experiencing
significant momentum in our U.S. business, and this new role will
further solidify our leadership in the industry."
"J.P. Morgan's decades of experience, vast resources, and global
perspective offer unparalleled opportunities across strategies,
sectors, and regions," said Myerberg. "I am excited to join this
dynamic team and contribute to delivering performance for our
investors."
Before joining J.P. Morgan, Myerberg was CIO and Deputy Head of
Morgan Stanley's largest core real estate fund for over a decade.
Prior to his portfolio management role, he was responsible for
sourcing, underwriting, and executing transactions on the West
Coast for Morgan Stanley's real estate funds. Myerberg's career
began at Bank of America Securities' Real Estate Investment Banking
group and First Union Securities. He is an active member of ULI,
serves as the Chair and a Board member of NAREIM and is a member of
the Real Estate Round Table.
J.P. Morgan's rich history in managing real estate for clients
worldwide is a testament to its enduring commitment to excellence
and innovation in the industry. With $90 billion asset value and over 300 investment
professionals around the world, the team is well known for its
asset class expertise.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management is a global leader in alternatives,
with over 60 years of experience managing alternative investments,
including real estate, private equity, private credit, liquid
alternative products, infrastructure, transport, hedge funds, and
forestry. As of June 30, 2024, J.P.
Morgan oversees more than $400 billion in alternative assets.
J.P. Morgan Asset Management manages over $89 billion in real estate assets globally.
With $3.3 trillion in assets under
management as of June 30, 2024, J.P.
Morgan Asset Management serves institutions, retail investors, and
high-net-worth individuals across every major market globally. The
firm offers comprehensive investment management services in
equities, fixed income, alternatives, and liquidity. For more
information, visit www.jpmorganassetmanagement.com. J.P.
Morgan Asset Management is the marketing name for the asset
management businesses of JPMorgan Chase & Co. and its
affiliates worldwide.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial
services firm based in the United
States, with global operations. As of June 30, 2024, JPMorgan Chase had $4.1 trillion in assets and $341 billion in stockholders' equity. The firm is
a leader in investment banking, financial services for consumers
and small businesses, commercial banking, financial transaction
processing, and asset management. Under the J.P. Morgan and Chase
brands, the firm serves millions of customers in the U.S. and many
of the world's most prominent corporate, institutional, and
government clients globally. For more information,
visit www.jpmorganchase.com.
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SOURCE J.P. Morgan Asset Management