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Cbre Investment Management Listed Real Assets LLC: investment adviser
Cbre Investment Management Listed Real Assets LLC is an investment adviser registered with the SEC (file 801-49083, CRD 106256). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.
- Assets managed
- $10.8B
- Discretionary
- 100%
- Accounts
- 50
- Employees
- 60
- In advisory roles
- 30
- Disclosures
- 1
Company page · SEC adviser record · Full Form ADV (PDF)
The firm reports no custody of client cash or securities.
Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.
Clients and fees
Whom the firm advises and how it is paid, from Items 5.D, 5.E and 5.G.
| Client type | Clients | Assets | Share |
|---|---|---|---|
| Registered funds | 6 | $3.8B | 34.9% |
| Private funds and other pooled vehicles | 13 | $2.2B | 20.6% |
| Pension and profit-sharing plans | 5 | $816.6M | 7.6% |
| Charities | 5 | $115.8M | 1.1% |
| State and local governments | 15 | $2.3B | 21.6% |
How it is paid
- A percentage of assets under your management
- Performance-based fees
Services
- Portfolio management for investment companies (as well as "business development companies" that have made an election pursuant to section 54 of the Investment Company Act of 1940)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients (other than registered investment companies and other pooled investment vehicles)
Who owns it
Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.
Direct owners (Schedule A)
| Owner | Type | Role | Stake | Since | Control | Public company |
|---|---|---|---|---|---|---|
| Cbre Investment Management Listed Real Assets Holdings LLC | Company (U.S.) | Member | E 75% or more | Jul 2011 | Yes |
Indirect owners (Schedule B)
| Owner | Owns a stake in | Type | Stake | Control | Public company |
|---|---|---|---|---|---|
| Cbre Clarion Holdings, LLC | Cbre Investment Management Listed Real Assets Holdings LLC | Company (U.S.) | E 75% or more | Yes | |
| Cbre Group, Inc. | Cbre Services, Inc. | Company (U.S.) | E 75% or more | Yes | Yes |
| Cbre Im US Holdco, LLC | Cbre Clarion Rei Holdings, LLC | Company (U.S.) | E 75% or more | Yes | |
| Cbre Services, Inc. | Cbre, Inc. | Company (U.S.) | E 75% or more | Yes | |
| Cbre, Inc. | Cbre Im US Holdco, LLC | Company (U.S.) | E 75% or more | Yes |
Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.
Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.
Disciplinary history
What the firm disclosed under Item 11 of Form ADV. A disclosure is the firm's own report: pending matters are allegations, not findings, and many settlements are made without admitting or denying them. Text is quoted from the filing, set in sentence case.
Item 11 questions answered Yes
These questions cover the firm and its advisory affiliates.
- Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
- Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: imposed a civil money penalty on you or any advisory affiliate, or ordered you or any advisory affiliate to cease and desist from any activity?
Actions about affiliates (1)
- Sep 19, 2023Regulatory Action: SEC FinalAbout an affiliate: Cbre, Inc.Sanctions: Cease and Desist; Civil money penalty · Fine: $375,000 · Begun Sep 19, 2023 · Resolved Sep 19, 2023 · Order · Docket 3-21675
The U.S. Securities and Exchange Commission ("SEC") alleged that Cbre, Inc.'s form separation agreement included language that the SEC considered as impeding an employee's ability to report potential concerns to regulators. The SEC indicated that it was not aware of specific instances in which a former Cbre, Inc. employee was prevented from communicating with SEC staff about potential violations of securities laws, or in which Cbre, Inc. took action against a former employee based on the relevant representations. When the SEC notified Cbre, Inc. of their concern, Cbre inc. acted swiftly to revise the language in question and also contacted former employees who signed the release to give them clarification.
Cbre, Inc. paid a $375,000 civil money penalty on 09/20/2023.
In September 2023, Cbre, Inc., without admitting or denying the findings, entered into a settlement order with the SEC. the order is final. The fine of $375,000 was paid pursuant to the terms of the order, and the SEC commended Cbre's cooperation and remediation efforts. No information Filed
Form ADV Item 11 and its Disclosure Reporting Pages, via the SEC record. All adviser disciplinary records.
The brochure
No brochure text was read for this firm.
Other brochures on file
Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.