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J.P. Morgan AM Appoints new Head of Real Estate Americas Portfolio Strategy

Reported by Fundssociety
Jul 26, 2024· 2 min read
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Key Takeaways
  • • J.P. Morgan Asset Management has appointed Josh Myerberg as Head of Real Estate Portfolio Strategy for the U.S., a newly created leadership role reporting directly to Chad Tredway, Head of Real Estate Americas.
  • • Myerberg brings over 20 years of real estate investment experience, most recently from Morgan Stanley where he served as CIO and Deputy Portfolio Manager of the firm's largest real estate fund.
  • • In his new position, Myerberg will oversee portfolio strategy across core and core plus real estate teams and manage three key strategies: Strategic Property, Special Situation Property, and U.S. Real Estate Income & Growth.
  • • The appointment reflects J.P. Morgan's strategic focus on consolidating its industry leadership position and driving growth in its U.S. real estate franchise amid significant momentum in the business.
  • • Myerberg's background includes roles in real estate investment banking at Bank of America Securities and First Union Securities, with active board involvement at ULI and NAREIM.
Summary
J.P. Morgan Asset Management has strengthened its real estate leadership structure with the hiring of Josh Myerberg as Head of Real Estate Portfolio Strategy for the United States. The appointment, announced by Chad Tredway, Head of Real Estate Americas, underscores the firm's commitment to expanding its real estate equity fund capabilities amid what management characterizes as significant momentum in the U.S. business.

Myerberg transitions to J.P. Morgan from Morgan Stanley, where he held the position of CIO and Deputy Portfolio Manager overseeing the firm's largest real estate fund. With over two decades of experience in real estate investment, he brings substantive institutional knowledge to a newly created role designed to consolidate portfolio strategy across multiple investment vehicles. Reporting directly to Tredway, Myerberg will lead portfolio strategy, oversee the core and core plus real estate teams, and assume management responsibility for three key strategies: Strategic Property, Special Situation Property, and U.S. Real Estate Income & Growth.

According to Chad Tredway's statement, the appointment is intended to bolster J.P. Morgan's equity fund positioning and drive growth across the real estate franchise. "Josh's track record, two decades of experience, and strategic vision will be crucial for driving the growth and positioning of our equity funds," Tredway noted, adding that the firm is "experiencing significant momentum in our U.S. business" and that this new role will "further consolidate our industry leadership."

Myerberg's career foundation spans real estate investment banking roles at Bank of America Securities and First Union Securities. He maintains active involvement in industry governance, serving as Chairman and Board member of NAREIM and as a member of both the Urban Land Institute (ULI) and the Real Estate Round Table, positions that reflect standing within institutional real estate circles.

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Sources

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Fundssociety J.P. Morgan AM Appoints new Head of Real Estate Americas Portfolio Strategy