JP Morgan Asset Management has appointed Chad Tredway as global head of real estate.
Tredway will oversee real estate operations across the Americas, Europe, and Asia Pacific.
The asset management arm of the US banking giant said Tredway has a proven track record of managing real estate assets for retail and institutional clients. He previously held senior roles in JP Morgan's real estate banking and commercial lending teams, before leaving to found Trio Investment Group, a boutique real estate investment management firm. He rejoined JP Morgan in 2024, as reported, when it bought Trio Investment Group.
JP Morgan said in a statement announcing Tredway's appointment that property prices are at relatively low levels and that creates a compelling entry point for investors. It contrasted this with stocks and bonds, which have already experienced significant gains, and said this means there is a unique opportunity for value appreciation.
"We believe this is a great time to help our clients understand the generational opportunity in real estate today," said Jed Laskowitz, global head of private markets and customised solutions at JP Morgan Asset Management in a statement.
Tredway will continue to report to Laskowitz, global head of private markets and customized solutions. David Chen, chief investment officer and head of real estate APAC, and Michael Ramm, chief investment officer and head of real estate Europe, will continue in their roles, now reporting to Tredway, who will continue to oversee the real estate Americas business.
Tredway said: "Our unified approach will enhance our ability to deliver exceptional insights and value globally. Real estate is expected to be a key growth driver in the next phase of the cycle and our global real estate platform will continue to provide clients with innovative solutions to meet their evolving investment needs."
Famous American banking name JP Morgan began managing real estate in 1970 and now terms itself the largest core real estate manager in the world.
JP Morgan oversees more than $400 billion in alternative assets and as of the end of last year JP Morgan Asset Management managed over $79 billion in real estate assets globally. JP Morgan Asset Management employs 1,300 people globally.