AEW Capital Management has expanded its outsourcing agreement with CBRE to include real estate accounting and reporting services to AEW’s North American private equity group, which manages direct private equity investments in real estate in the U.S. The agreement includes the transfer of approximately 50 AEW employees to CBRE’s office in Boston. CBRE will provide AEW with accounting, financial reporting, and property oversight services for approximately USD40bn in U.S. commercial real estate investments.
