Cornerstone Real Estate Advisers has opened a Tokyo office to be headed by directors Kelly Hayes and Peter Gensheimer, according to a company release today.
Hayes and Gensheimer experience includes their most recently stint with Savills, a global real estate services provider. The new office complements Cornerstone's existing Hong Kong office that supports the firm's global securities platform.
Cornerstone currently serves more than 170 clients globally and, with its Cornerstone Europe subsidiary, had $36.2 billion of real estate assets under management or servicing as of June 30,2012.
"Institutional and other qualified investors increasingly are looking for a one-stop solution to their global equity and debt investing needs, while also seeking geographic diversity in their investment exposure," said David Reilly, CEO of Cornerstone, in the press release.
Cornerstone's debt business includes a core lending operation, a capital markets division that includes CMBS and REITs, and an alternatives unit that includes high yield and mezzanine lending.