SAN ANTONIO, May 11, 2016 /PRNewswire/ -- Susan Wallace, Executive Managing Director for USAA Real Estate Company ("USAA RealCo") has announced she will retire from her position in the Global Investors Group on June 30, 2016. Wallace will leave USAA RealCo after serving more than 32 years with the company.
"I have been extremely fortunate to be part of an organization with as much integrity as USAA Real Estate Company for so many years and to have had the opportunity to watch the business grow and evolve during my tenure," said Wallace. "It has been a true pleasure to know and work with fine industry leaders around the world. Now I look forward to seeing what the future holds for me, as I treat myself to more leisure and family time."
Wallace has been with the company since shortly after its inception, first holding the position of Head of Acquisitions and Dispositions, then leading USAA RealCo into third-party asset management in 2000. She led the Global Investors Group until 2014, developing and managing nearly 100 relationships with clients and investors and over the last two years has successfully focused on growing the firm's client base in Europe and Asia.
"Susan is the consummate professional and it has been my honor to work alongside her. She has lived USAA's core values of Honor, Integrity, Loyalty and Service, as she remained constantly focused on the best interests of our investors," said Len O'Donnell, President and Chief Executive Officer. "Susan should be incredibly proud of what she has accomplished in her career, and we wish her all the best as she moves into the next chapter of her life."
Wallace's vision and leadership fostered the growth of USAA RealCo into a company that now oversees a $15 billion portfolio. "Susan forged many of the partnerships and relationships that we enjoy today," said Scott Stuckman, Head of the Global Investors Group at USAA RealCo. "Her presence as a guiding light on our team will certainly be missed, but we will look to emulate her enduring example of maintaining the trust of our investors above all else."
About USAA Real Estate Company
USAA Real Estate Company, with approximately $15 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors and arranges commercial mortgage loans on behalf of affiliates. The USAA portfolio consists of office, industrial/logistics, multi-family, retail and hotel properties as well as investments in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.
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SOURCE USAA Real Estate Company