J.P. Morgan adds to real estate team

John Faust was named managing director and client portfolio manager for real estate at J.P. Morgan Asset Management (JPM), confirmed spokeswoman Charlotte Powell.

It is a new position. He is based in San Francisco and reports to Michael O'Brien, global head of client relations and strategy.

Mr. Faust previously was sole managing director of investment management services at Legacy Partners Commercial. No replacement was immediately named, said Legacy spokeswoman Lisa Morrissey.