BlackRock Appoints Chief Investment Officer To New Global Real Estate Securities Team

BlackRock, Inc. (NYSE: BLK) today announced the appointment of Sherry Rexroad, as Chief Investment Officer for the firm’s newly launched global real estate securities platform.

With more than twenty years of experience in real estate securities, Ms. Rexroad will be responsible for building and ultimately leading a best-in-class investment team for BlackRock’s Real Estate Securities group. Effective immediately, Ms. Rexroad will report to Mark Howard-Johnson, Global Head of BlackRock’s Real Estate Securities group.

BlackRock Global Real Estate Securities platform draws upon BlackRock’s extensive experience in the real estate investment business and its deep fundamental equity investment expertise. The newly formed platform will seek trends and investment opportunities in real estate securities with an intense fundamental approach.

“Sherry is a veteran of the real estate industry and has an outstanding investing track record in real estate securities,” said Mr. Howard-Johnson. “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 commented: “I joined BlackRock because I believe that its fundamental real estate business, coupled with it is equity investment capability, makes it exceptionally well-positioned to develop a successful real estate securities platform and take advantage of market opportunity. My first priorities will be to attract a strong bench of talent and to deliver a compelling product offering to our clients.”

Prior to joining BlackRock, Ms. Rexroad amassed experience managing global, U.S. and long short hedge fund mandates. Most recently, she served as the Senior Portfolio Manager, REITs-Americas for Aviva Investors Global Listed Real Estate Securities Team. Previously, she was a Managing Director and Portfolio Manager with ING Clarion Real Estate Securities with $10 billion in assets under management. Prior to ING, she worked for AEW Capital Management, the U.S. Environmental Protection Agency and the General Services Administration. She graduated from Haverford College and holds an MBA from The Wharton School at the University of Pennsylvania. She also holds the Chartered Financial Analyst designation and is a member of the CFA Institute, the CFA Society of Philadelphia and NAREIT.

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