HARTFORD, Conn., June 4, 2015 /PRNewswire/ -- Cornerstone Real Estate Advisers, one of the largest global real estate investment managers, today announced the appointment of J.D. Sitton as a Managing Director in Business Development. Mr. Sitton will succeed Graham Bond, who will be retiring as Global Head of Business Development on August 30, 2015 after seven years at Cornerstone and more than 35 years in the real estate investment industry. Mr. Sitton will join Cornerstone on July 7 and will work closely with Mr. Bond to ensure a seamless transition before assuming the role of Global Head of Business Development upon Mr. Bond's retirement.
"We are delighted to have J.D. join Cornerstone during an exciting period of global growth, including the expansion of our European footprint into Germany last year, which is soon to be followed by the addition of offices in Spain, France, and Italy," said Scott Brown, Global President and CEO at Cornerstone. "I would also like to sincerely thank Graham for his contribution to the firm during his tenure and also personally for the support he offered to me as a confidant and adviser since I joined Cornerstone. Graham is held in the highest esteem by colleagues, clients and industry peers alike, and he will be missed dearly. We wish him well in his future endeavors."
Mr. Bond added, "I leave Cornerstone confident that the firm has never been better positioned nor in more capable hands to achieve global growth than it is today. J.D.'s appointment only strengthens the firm's management team and platform, and I look forward to working with him closely over the summer to transition my responsibilities."
Mr. Sitton, 44, brings over 20 years of experience working with institutional real estate investors, both in the U.S. and globally, to his new role at Cornerstone. He joins the firm after 13 years with JPMorgan Asset Management, where most recently he served as Managing Director and Client Portfolio Manager of Marketing and Client Relations within its Global Real Assets Group. He also served as a member of JPMorgan's U.S. Real Estate Management team and on the Global Investment Advisory Committee for JPMorgan Asset Management. Previously, Mr. Sitton spent five years in Client Services at Lend Lease Real Estate Investment Management. Before that, he was an Accounting Manager at Equitable Real Estate Investment Management Inc. Mr. Sitton holds a B.S. in Accounting from George Mason University and is a CFA Charterholder.
About Cornerstone Real Estate Advisers LLC
Cornerstone Real Estate Advisers LLC, with subsidiary and affiliate offices in the U.S., UK, Europe, and Asia, is one of the largest global real estate investment managers managing or servicing $47.9 billion in assets as of March 31, 2015. It provides core and value-added investment and advisory services, including a comprehensive suite of private and public real estate debt, equity and securities expertise and services, to institutional and other qualified investors around the globe. Cornerstone is a member of the MassMutual Financial Group. For more information, visit www.cornerstoneadvisers.com.
SOURCE Cornerstone Real Estate Advisers LLC