Casper Hesp was named as CEO of the European Association for Investors in Non-listed Real Estate Vehicles, known as INREV, effective Oct. 1.
The association for the €3.7 trillion ($4.04 trillion) European real estate industry in March said that Lonneke Lowik said she would step down in August. Jeff Rupp, director of public affairs, takes on the role of acting CEO until Hesp joins in October, a news release said on Aug. 20.
INREV focuses on increasing the transparency and accessibility of unlisted real estate strategies. It engages with policymakers on key issues affecting the industry, and is based in Amsterdam.
“Casper has a proven track record of success as a leader of change,” Martin Lemke, chair of INREV, said in the release. “His breadth of experience will be of significant benefit to INREV as we continue to help the European non-listed real estate industry adapt to the challenges and opportunities of the future.”
A spokesperson for INREV could not immediately be reached for comment.
Hesp is director, investment management at Dutch real estate manager Achmea Real Estate, which has €223 billion in assets under management. A spokesperson said further information about his successor will follow as soon as possible.
