SAN ANTONIO, July 10, 2014 /PRNewswire/ --USAA Real Estate Company today announced that Edmund Donaldson has been appointed as managing director of portfolio management based in the firm's San Antonio office, effective August 1, 2014.
Edmund joins USAA Real Estate Company ("RealCo") from Hines, where most recently a senior managing director and member of their Capital Markets group, he also served as chief investment officer of the Hines U.S. Core Office Fund, Hines REIT and Hines Global REIT with responsibility for investments of over $13 billion in assets. During his 20 years with Hines, Edmund invested across asset classes in over 30 major U.S. markets as well as in the United Kingdom, Russia, Poland, France, Germany, Australia and Brazil.
"I'm delighted to announce that Edmund Donaldson, someone with whom we've long been both personally and professionally acquainted, will be joining RealCo," commented Len O'Donnell, president and CEO of USAA Real Estate Company. "A seasoned veteran of real estate investment management with knowledge and practice spanning multiple markets and asset classes, Edmund is highly regarded throughout the industry and his well-rounded professional capabilities position him perfectly to join our talented RealCo portfolio management team."
Added Jim Hime, chief financial officer of USAA Real Estate Company, "Having worked closely with Edmund in the past, I know him to be extremely bright, very hard-working and an amazingly quick study. I predict that it will not be long before he is adding substantial value to our clients' portfolios. What a thrill it is for me to be working with him again."
About USAA Real Estate Company
USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors. The USAA portfolio consists of office, industrial, multi-family, retail and hotel properties as well as investments in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.
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SOURCE USAA Real Estate Company
