Kim Redding, former principal in charge of real estate securities at RREEF, founded K.G. Redding & Associates. The independent real estate securities investment firm will target separate accounts at pension funds, initially focusing on smaller capitalization, underfollowed REITs, he said.
Cindy Talmadge, RREEF spokeswoman, said there are no plans to replace Mr. Redding. Karen Knudson, who ran the REIT business with Mr. Redding at RREEF, is managing it alone.
