PwC hires US head of real estate

PwC has tapped Byron Carlock, an 11-year veteran of CNL Financial Group, as one of the firm’s three global real estate leaders, focusing on the US, Europe and Asia. In a newly created position, Carlock is serving as global real estate leader for the US and reports to Barry Benjamin, who heads the firm’s US and global asset management practice. 

Kees Hage, a partner based in Luxembourg, already has been overseeing the European market for PwC’s real estate practice, while the firm has yet to fill the position for Asia, according to an article in Commercial Property Executive. The three positions are intended to help the firm facilitate the flow of global capital into real estate.

Prior to joining PwC, Carlock worked at CNL Financial Group, an Orlando-based investment management firm. There, he most recently served as president and chief executive of CNL Lifestyle Properties, a non-listed real estate investment trust that owns assets such as ski resorts and golf properties and that began expanding into senior housing communities in 2011.

Before CNL, Carlock worked as chief investment officer and executive vice president of Post Properties, a publicly-traded apartment REIT, and helped to expand its portfolio of urban infill properties nationwide. Prior to that, he was managing director of capital markets for Crow Holdings International, where he led the firm’s debt, equity and recapitalisation activities and sat on its investment committee.