{ "crd_number": 106256, "slug": "cbre-investment-management-listed-real-assets-llc-radnor-pa-106256", "primary_business_name": "CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC", "legal_name": "CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC", "dbas": [], "city": "Radnor", "state": "PA", "country": "United States", "cbsa_code": "37980", "metro": { "cbsa_code": "37980", "common_name": "Philadelphia", "msa_name": "Philadelphia-Camden-Wilmington, PA-NJ-DE-MD", "path": "/advisors/pa/philadelphia" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1995-03-31", "years_registered": 31, "period": "2026-10-01", "filing_date": "2026-03-30", "carried_forward": false, "raum_total": 10800860665.0, "raum_discretionary": 10800860665.0, "raum_non_discretionary": 0.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 60, "advisory_employees": 30, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 115811803.0, "count": 5 }, "state_municipal": { "raum": 2330755178.0, "count": 15 }, "insurance_companies": { "raum": 1121449969.0, "count": null, "fewer_than_5": true }, "investment_companies": { "raum": 3772385405.0, "count": 6 }, "pension_profit_sharing": { "raum": 816613717.0, "count": 5 }, "pooled_investment_vehicles": { "raum": 2226101420.0, "count": 13 }, "corporations_other_businesses": { "raum": 168786928.0, "count": null, "fewer_than_5": true }, "sovereign_wealth_foreign_official": { "raum": 248956245.0, "count": null, "fewer_than_5": true } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_investment_companies", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 2, "states_registered": [ "PA" ], "websites": [ "https://cbreim.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106256", "disclosure_items": [ { "item": "11.C(2)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?" }, { "item": "11.C(5)", "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?" } ], "city_as_filed": "RADNOR", "url": "https://advisorcensus.com/firm/cbre-investment-management-listed-real-assets-llc-radnor-pa-106256", "display_name": "Cbre Investment Management Listed Real Assets LLC", "summary": "Cbre Investment Management Listed Real Assets LLC is an SEC-registered investment advisory firm in Radnor, PA, registered since 1995, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.", "citation": "AdvisorCensus. Cbre Investment Management Listed Real Assets LLC (CRD 106256): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for investment companies (and business development companies)", "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is Cbre Investment Management Listed Real Assets LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Cbre Investment Management Listed Real Assets LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Cbre Investment Management Listed Real Assets LLC located?", "a": "Cbre Investment Management Listed Real Assets LLC's principal office is in Radnor, PA, according to its Form ADV; the April 2026 filing also lists 3 other offices (Schedule D, Section 1.F)." }, { "q": "Is Cbre Investment Management Listed Real Assets LLC registered with the SEC or a state?", "a": "Cbre Investment Management Listed Real Assets LLC is an SEC-registered investment advisory firm, registered since 1995. Status as filed: Approved. CRD 106256." }, { "q": "How much does Cbre Investment Management Listed Real Assets LLC manage?", "a": "Cbre Investment Management Listed Real Assets LLC reports $10,800,860,665 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary)." }, { "q": "How have Cbre Investment Management Listed Real Assets LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Cbre Investment Management Listed Real Assets LLC: Regulatory assets under management: $7,743,375,558 in the October 2021 data and $10,800,860,665 in the October 2026 data, up 39%. Total employees: 62 in October 2021 and 60 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Cbre Investment Management Listed Real Assets LLC serve?", "a": "By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (15); pooled investment vehicles (other than investment companies and business development companies) (13); investment companies (6)." }, { "q": "Which custodians does Cbre Investment Management Listed Real Assets LLC use?", "a": "Cbre Investment Management Listed Real Assets LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Citibank, JP Morgan and Northern Trust as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Cbre Investment Management Listed Real Assets LLC report any disciplinary disclosures?", "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation) and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/106256" }, { "q": "What changed in Cbre Investment Management Listed Real Assets LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $8,971,391,447 to $10,800,860,665 (+20%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 7743375558.0, "total_employees": 62, "filing_date": "2021-03-30" }, { "period": "2022-10-01", "regulatory_assets_under_management": 11837165977.0, "total_employees": 62, "filing_date": "2022-03-30" }, { "period": "2023-10-01", "regulatory_assets_under_management": 10052324824.0, "total_employees": 65, "filing_date": "2023-04-18" }, { "period": "2024-10-01", "regulatory_assets_under_management": 9790237824.0, "total_employees": 64, "filing_date": "2024-04-05" }, { "period": "2025-10-01", "regulatory_assets_under_management": 8971391447.0, "total_employees": 61, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 10800860665.0, "total_employees": 60, "filing_date": "2026-03-30" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $8,971,391,447 to $10,800,860,665 (+20%)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Citibank", "name_as_filed": "CITIBANK", "affiliated": false }, { "name": "JP Morgan", "name_as_filed": "JP MORGAN", "affiliated": false }, { "name": "Northern Trust", "name_as_filed": "NORTHERN TRUST", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/cbre-investment-management-listed-real-assets-llc-radnor-pa-106256.md", "clients": [ { "type": "investment_companies", "label": "Investment companies", "count": 6, "fewer_than_5": false, "raum": 3772385405.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 13, "fewer_than_5": false, "raum": 2226101420.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 5, "fewer_than_5": false, "raum": 816613717.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 5, "fewer_than_5": false, "raum": 115811803.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": 15, "fewer_than_5": false, "raum": 2330755178.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": null, "fewer_than_5": true, "raum": 1121449969.0 }, { "type": "sovereign_wealth_foreign_official", "label": "Sovereign wealth funds and foreign official institutions", "count": null, "fewer_than_5": true, "raum": 248956245.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": null, "fewer_than_5": true, "raum": 168786928.0 } ], "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106256", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }