Texas Teachers Commits to Three Emerging Managers

January 9, 2012 - San Antonio, TX

USAA Real Estate Company is pleased to welcome Will McIntosh, Ph.D. as Global Head of Research, providing research-based direction for real estate investing by analyzing and synthesizing economic, demographic, real estate, and capital markets data. In his role with USAA, McIntosh will provide both top-down and bottom-up research on markets and properties in addition to providing recommendations and direction on market and asset selection.

McIntosh brings extensive financial executive experience in global investment management, serving most recently as head of global research for the real estate department of Abu Dhabi Investment Authority in Abu Dhabi, United Arab Emirates.

During his 20-plus years in the investment management industry, McIntosh served as managing director for ING Real Estate Investment Management, AIG Global Real Estate Investment Corp. and Prudential Global Asset Management Group. He has held several academic posts, most recently dean of the University of Cincinnati’s College of Business.

“Will has been recognized for his leadership with premier research teams worldwide,” says USAA President and COO, Len O’Donnell. “We look forward to having his talent and expertise on our team and I am confident his contributions will enhance our performance as an investor as well as the level of service we provide our clients.”

About USAA Real Estate Company

USAA Real Estate Company, with approximately $12 billion in assets under management, provides co-investment asset management services to U.S. pension funds as well as foreign and domestic institutional investors. USAA Real Estate Company also provides capital to partners for development. The portfolio consists of office, industrial, multi-family, retail and hotel properties as well as investments in real estate operating companies. USAA Real Estate is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.