DEFINED CONTRIBUTION REAL ESTATE COUNCIL NAMES NEW OFFICERS
NEW YORK, (January 4, 2016) – The Defined Contribution Real Estate Council (DCREC), a leading advocacy group promoting the inclusion of direct commercial real estate and real estate securities as a way to improve defined contribution retirement plan outcomes, has named three new officers to its leadership team, it was announced today.
John Payne, a senior vice president at Heitman in the client service and marketing group and the leader of the company’s defined contribution practice, has been named co-president, joining John Ehli of Deutsche Asset & Wealth Management in that role. He replaces outgoing co-president Laurie Tillinghast of UBS Global Real Estate. C. Allan Swaringen, president and chief executive officer president of JLL Income Property Trust, now serves as co-treasurer of the organization, alongside Jennifer Perkins of Principal Real Estate Investors. Swaringen replaces Kurt Walten of NAREIT. Jason Frederick, a portfolio manager at Principal Real Estate Investors, has been named co-secretary, serving alongside Lennine Occhino of Mayer Brown. Jason replaces Kevin Ryan of Cornerstone Real Estate Advisers. The DCREC membership thanks the outgoing leadership team members for their contributions to the organization’s success during their terms.
All appointments are for a period of two years and are effective January 1, 2016.
“We’re delighted to welcome these three highly accomplished industry professionals to the DCREC team as our organization continues to grow,” said Ehli. “We also look forward to their support in continuing our mission of providing education and the promulgation of best practices for use of real estate in defined contribution plans.”
About the Defined Contribution Real Estate Council (DCREC)
The Defined Contribution Real Estate Council was formed in 2012 to promote the inclusion of investments in direct commercial real estate and real estate securities, including REITs, within defined contribution plans. Its goal is to improve participant outcomes by furthering education about, advocacy for, and best practices of such investments.
Members include many of the leading providers of real estate investment products to the defined contribution marketplace. Total membership has grown from 10 to 26 firms since its launch.
More information can found be at www.dcrec.org
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