Philadelphia, PA – November 19th, 2013 – CBRE Clarion Securities announced today that The National Association of Real Estate Investment Trusts (NAREIT) presented its 2013 Industry Achievement Award to Ritson Ferguson, CEO and Co-Chief Investment Officer of CBRE Clarion Securities. The award was presented at REIT World 2013, NAREIT’s Annual Convention for All Things REIT in San Francisco, CA.
The NAREIT Industry Achievement Award is presented annually to professionals serving the REIT industry whose acumen and integrity have helped heighten awareness and understanding of the value of REITs and publicly traded real estate. The award is presented in memory of E. Lawrence Miller, the former CEO of one of the industry’s first REITs, Bradley Real Estate Trust, and a past NAREIT Chair.
NAREIT recognized Ferguson for his efforts that moved REITs into the investment mainstream. “Ritson played an important role in both telling the REIT story, and in building an investment platform to make broad-scale REIT investment possible in those formative years of the modern REIT industry,” said NAREIT 2014 Chair Ronald Havner, Chairman, CEO and President of Public Storage, who presented the award. “Ritson’s efforts helped make possible the exceptional expansion of the U.S. REIT industry that took place in the first two decades of the Modern REIT Era. His work has helped make the industry into the vibrant marketplace it is today.”
With two partners, Jarrett Kling and Kenneth Campbell, Ferguson formed the predecessor company to CBRE Clarion Securities in 1991. As a dedicated REIT fund manager, he did pioneering work to introduce, explain and build acceptance among investors for the REIT investment proposition.
“I am honored to receive this award. The last 20 years in the listed REIT market has been an incredible journey and I look forward to the next 20," said T. Ritson Ferguson, CEO of CBRE Clarion Securities.
In 1995, Mr. Campbell, one of Ferguson's founding partners, was also awarded the NAREIT Industry Achievement Award. "I consider myself in very good company," said Mr. Ferguson, upon receiving the award.
CBRE Clarion Securities is an industry-leading global investment management firm specializing in the management of real assets including real estate and infrastructure securities. Headquartered near Philadelphia, Penn., the firm manages approximately $24 billion and has over 80 employees located in offices in the United States, United Kingdom, Hong Kong, Japan, and Australia. For more information about CBRE Clarion Securities, please visit www.cbreclarion.com.
CBRE Clarion Securities is the listed equity management arm of CBRE Global Investors. CBRE Global Investors is a global real estate investment management firm with $90.7 billion in assets under management* as of March 31, 2013. The firm sponsors investment programs across the risk/return spectrum for investors worldwide. CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG). It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment company for the benefit of its investors. CBRE Group, Inc. has approximately 37,000 employees (excluding affiliates) in more than 300 offices (excluding affiliates) worldwide.