Mr. Zerbst joined CB Richard Ellis Investors (now CBRE Global Investors) as president in 1997. From 1998 until 2007 he served as CEO and from 2007-2008 as Chairman. He had overall responsibility for investment policy and strategic direction of the firm. He led the growth and transformation of CB Richard Ellis Investors from a domestic pension fund advisor with $3.7 billion of assets under management to a multi-strategy, global investment organization with a portfolio of more than $42 billion. CBRE Global Investors is the largest real estate investment manager in the world with over $100 billion in assets.
In 1981, after a career in real estate research and education, Zerbst founded and served as CEO of Piedmont Realty Advisors, a San Francisco-based real estate investment manager. In 1991, Piedmont merged with The RREEF Funds and he became a partner. While at RREEF he was responsible for all investments in the western United States and opportunistic investments nationally.
He is an independent Director and Chairman of the Compensation Committee of Digital Realty Trust (NYSE:DLR). He also serves as Chairman of Overseas Investor Services, LLC, a firm that focuses on supporting the rapidly growing demand of off shore investors for US real estate, particularly by high net worth Chinese (PRC) investors. He is the past Chairman of the National Association of Real Estate Investment Managers (NAREIM) and Board member of the National Council of Real Estate Investment Fiduciaries (NCREIF). He also serves as an independent member of the investment committee for CBRE's Global Multi Manager (fund of funds) business in London.
Mr. Zerbst is a member of the Pension Real Estate Association (PREA), World Affairs Council of Northern California, Asia Society, the Policy Advisory Board of the Fisher Center at the University of California at Berkeley, Trustee of the San Francisco Conservatory of Music and former member of the Real Estate Round Table.
Mr. Zerbst holds a B.A. from Miami University, an M.A. in Economics, an M.B.A. and a Ph.D. in Finance and Real Estate Economics from Ohio State University.