Professor Andrew Baum is a real estate professional who has spent the majority of his career working with institutional real estate investors in developing global property investment strategies while maintaining a parallel academic career. He is executive chairman of Property Funds Research, a real estate consulting and research business, chairman of the investment committee for CBRE Global Investment Partners and non-executive chairman of Newcore Capital Management.
Hired as the first director of property research for Prudential (now M&G Real Estate) in 1987, he founded RES (a property research company) in 1990 and (with his partners) sold the business to Henderson Investors (now TIAA Henderson Real Estate) in 1997. At that time he became CIO for property at Henderson and later Director of International Property.
In 2001 he founded OPC, a property research and investment company that created Europe’s first dataset describing unlisted property funds and launched one of first real estate fund of funds vehicles in Europe. The acquisition of OPC by CBRE in 2006 created the CBRE Investors Global Multi Manager team, one of the world’s leading specialists in indirect property investment. What is now CBRE Global Investment Partners currently has around $13bn of indirect property assets under management and Baum chairs the investment committee as a non-executive.
OPC’s information business was re-acquired by its management in 2006 and Baum now chairs this real estate consulting and research business, re-branded Property Funds Research.
He held the Chair in Land Management at the Henley Business School, University of Reading, from 1989 to 2013 and was founder in 2002 of the Reading Real Estate Foundation, an educational charity established to support real estate education at the University of Reading. He was appointed Emeritus Professor at Reading in 2013. In 2009 he was appointed Honorary Professor of Real Estate Investment at the University of Cambridge and became Fellow of St John's College in 2011.
On leaving Cambridge in 2014 he became Visiting Professor of Management Practice at the Saïd Business School, Oxford, where he teaches the MBA real estate elective and delivers executive education. He is also a visiting professor at the Kenan-Flagler Business School, University of North Carolina.
He holds BSc, MPhil and PhD degrees from the University of Reading in the UK. He was elected Academic Fellow of the Urban Land Institute in 2001, the first such election outside the USA, and was also elected honorary fellow of the Society of Property Researchers, 2002 “in recognition of an outstanding contribution in the field of property research”. A qualified member of the RICS and the CFA Institute (UK ASIP), he is the author or co-author of several textbooks with combined sales of over 50,000.