Cohen & Steers US Real Estate Head to retire
Thomas Bohjalian, Executive Vice President and Head of US Real Estate at Cohen U& Steers is to retire effective 30 June, 2021, after nearly two decades with the firm.
Bohjalian will be succeeded as Head of US Real Estate by Jason Yablon, Senior Vice President and Senior Portfolio Manager.
Yablon has been a critical part of the US REIT team and worked closely with Bohjalian for 16 years. The firm's flagship Cohen & Steers Realty Shares has performed in the top quartile for the 1, 3, 5, 10 and 15 year periods ended September 30, 2020, among 255, 240, 232, 197 and 173 U.S. Open-End and U.S. Exchange Traded Fund Real Estate peers respectively, according to Morningstar, and has outperformed its benchmark on a 1, 3, 5, 10 and 15-year basis (view fund performance here). Jason Yablon has served as the lead portfolio manager for the strategy over the past three years. Jason will report to Jon Cheigh, Chief Investment Officer and Head of Global Real Estate, as part of this transition.
Robert Steers, CEO, and Joseph Harvey, President, says: "Tom has been an integral part of the firm's investment team and culture. We appreciate all he has brought to Cohen & Steers over the past 18 years, and we wish him the best as he enters this next chapter. We also congratulate Jason Yablon on his well-deserved promotion to lead the US REIT team. Anyone who has had the opportunity to work with Jason can attest to his skills as a leader, mentor and alpha-generator."
Jon Cheigh, CIO and Head of Global Real Estate, says: "It has been a privilege, both personally and professionally, to work alongside Tom for many years as we've established the largest global investment team dedicated to real estate securities. His leadership has been key to developing our well-tenured next-generation of investment talent, which we believe is critical to generating consistent alpha for our clients over the long term. Jason was identified as Tom's eventual successor several years ago, and his consistent contributions to the investment team and the U.S. REIT research process has only strengthened our confidence in his ability to lead the U.S. team and mentor our emerging talent."