BlackRock’s New Global Real Estate Team Growing With Addition of Rexroad
Carl Gaines June 13, 2012, 8 a.m.
Following BlackRock’s announcement last week that it was entering global real estate securities,the firm is continuing to staff up the new division with the hiring of a chief investment officer. It said Tuesday that Sherry Rexroad would fill the post, reporting to Mark Howard-Johnson, global head of the newly-created Real Estate Securities division.
“Sherry is a veteran of the real estate industry and has an outstanding investing track record in real estate securities,” Mr. Howard-Johnson said in a prepared statement about the hire. “I look forward to working closely with Sherry to assemble a superior team that will be critical to the foundation and future success of BlackRock’s new Real Estate Securities offering.”
Ms. Rexroad joins from Aviva Investors’ Global Listed Real Estate Securities Team, where she was the senior portfolio manager, REITs—Americas. She said she chose to join BlackRock because she thinks “its fundamental real estate business, coupled with its equity investment capability, makes it exceptionally well-positioned to develop a successful real estate securities platform.”
Her first priorities, she added, will include attracting talent and delivering strong product offerings to clients.
Ms. Rexroad’s background also includes stints at ING Clarion Real Estate Securities and AEW Capital Management.