Bailard, Biehl & Kaiser Real Estate Investment Trust Inc., San Mateo, Calif., a private REIT, selected INVESCO Realty Advisors as its second real estate operating manager, said Thomas Bailard, chairman of the real estate company.
INVESCO will identify investment opportunities for BB&K, but investment decisions will remain with the REIT's board of directors, said Mr. Bailard.
RREEF is BB&K's other operating manager. The REIT has $180 million in assets.
