Zak Bentley
The hiring of Michael Hoverman from CIM Group launches a new vertical for the $76bn US-based real estate manager.
Jim Barry, who previously helmed the unit in addition to being global CIO at BlackRock Alternative Investors, will now focus on the latter role.
With more than $5bn of deals transacted since May, investors are waking up to car parks' yield-generating potential and stable cashflows.