DEFINED CONTRIBUTION REAL ESTATE COUNCIL NAMES JOHN P. EHLI CO-PRESIDENT, JENNIFER PERKINS CO-TREASURER
Ehli, who is a portfolio manager for Deutsche Bank’s RREEF Real Estate core commingled fund, RREEF America REIT II, joins UBS Reality’s head of DC strategy, Laurie Tillinghast, who was appointed in 2014, as co-president. He replaces David Skinner, Defined Contribution Practice Leader at Prudential Real Estate Investors and a co-president since 2013, whose term expired. Perkins, a portfolio manager for the Principal U.S. Property Account at Principal Real Estate Investors, will share her responsibilities as treasurer with Kurt Walten, Senior Vice President, Investment Affairs & Investor Education at NAREIT. She replaces Benjamin Adams, Founder & CEO of Ten Capital Management who served as co-treasurer since 2013 and whose term has also expired.
“Saving, planning, and investing for retirement remains a major challenge for many Americans,” said Ehli. “I’m very excited to have the opportunity to further support the work done by DCREC to advance the understanding of the role that real estate should play in defined contribution retirement plans.”
Perkins said, “Since launching the council in 2012, we have seen tremendous growth in our membership as more and more firms look to communicate the benefits of using real estate in defined contribution plans. I look forward to working with the members and with others across the industry to support our research mission.”
The Defined Contribution Real Estate Council was established to promote the inclusion of both direct commercial real estate and real estate securities, including REITs, in defined contribution plans. As part of its educational mission, the organization has funded significant studies looking at the role real estate can play in DC plans. Most recently, DCREC published A Path to Better Retirement Outcomes: Allocating Real Estate Assets to Retirement Portfolios, an academic study that found that an allocation of as little as 10 percent to a mix of listed and unlisted real estate could enhance the risk-return profile of a defined contribution (DC) plan portfolio and improve the probability of successfully achieving desired retirement outcomes. This followed an earlier DCREC-sponsored survey of plan sponsors and consultants that found broad-based support for the growing use of alternatives, particularly real estate, in DC plans.
“We’re delighted to add John and Jennifer’s expertise to the executive team at DCREC,” said Tillinghast. “We look forward to their contributions as we continue to engage the DC community in the discussion of the role real estate can play in contributing to achieving successful retirement savings outcomes.”
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.
Founding members include many of the leading providers of real estate investment products to the defined contribution marketplace. Total membership has grown from 10 to 28 firms since its launch.
More information can found be at www.dcrec.org
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