Adam Gallistel

Since joining CBRE Investment Management (CBRE IM) in early 2025 from Singapore sovereign wealth fund GIC, Adam Gallistel has been full steam ahead.

Gallistel helped CBRE IM exceed a $1.5 billion target for its Asia Pacific value-add real estate fund, Asia Value Partners 7, that closed in March 2026 with $1.865 billion in equity commitments and an additional $250 million secured in co-investment capital. The fund, which will focus heavily on Japanese industrial investments, is expected to have more than $5 billion of total purchasing power over a three-year period. 

CBRE IM also raised $1.62 billion in capital commitments for Real Estate Partners 2, a dedicated real estate secondaries fund, after initially setting a $1.25 billion target. Plus, it secured additional co-investment capital to bring the fund’s capacity to more than $2.25 billion.

The asset manager raised about $11 billion of capital last year total, while selling around $11 billion of assets at the same time, according to Gallistel. CBRE IM’s assets under management (AUM) stood at $155 billion as of the close of the first quarter compared to $146 billion at the end of 2024, just before Gallistel arrived. 

“We’re much more focused on the quality of the investments we’re producing in the hopes that leads to greater AUM, and we explicitly shy away from setting specific AUM targets,”  Gallistel said. 

Gallistel noted that CBRE IM is strongly positioned for growth as a consolidator in the real estate investment management space as opposed to other firms, which have a more microspecialist approach. He said the platform being a subsidiary of brokerage giant CBRE provides a unique competitive advantage in the marketplace. 

“We think that our existing scale in AUM, coupled with our adjacency to the parent, essentially puts us in a unique position of being, to make it a movie analogy, sort of inside the Matrix,” Gallistel said. “When you’re Neo inside the Matrix, everything moves a little bit slower and you can make better decisions while moving in real time just by virtue of the data and transparency that you have in the marketplace that others may not have.”