ADDISON, Texas, Nov. 2, 2016 /PRNewswire/ -- Behringer today announced that Robert S. (Bob) Aisner, chief executive officer, will resign as CEO, effective November 1, 2016. Michael D. Cohen, currently president of Behringer, will continue as president and succeed Mr. Aisner as chief executive officer.
"I am honored to have spent the last 14 years at Behringer, the past five years as CEO, leading this incredible team of high caliber people. I am confident Michael is very well prepared to lead the company through the next stages of its evolution. I look forward to having the time to explore and pursue new opportunities in the years ahead, " said Mr. Aisner.
Mr. Cohen brings more than 20 years of entrepreneurial leadership to the CEO role both with his commercial real estate experience and roles on multiple company boards.
Today's announcement is the culmination of the succession plan announced in 2015. "We have worked hard to ensure this transition is completely seamless," said Mr. Cohen. "As a company, we are excited about our future."
Behringer creates and manages real estate investments through public and private fund structures, joint ventures and separately managed accounts. The company also offers strategic advisory, asset management, tax-deferred exchange and capital markets solutions. Investments sponsored and managed by the Behringer group of companies have invested into more than $11 billion in assets. For more information, call 214.655.1600 or visit behringerinvestments.com.