Mr. Fogle joined BPEA in 2011 to spearhead the Firm’s move into the real estate sector. From 2006 to 2010, Mr. Fogle served as Managing Director and Chief Investment Officer in Asia at RREEF, the alternative investment and asset management arm of Deutsche Bank, where he was responsible for overseeing real estate investments in the Region. As CIO and a research-focused investor, Mr. Fogle was instrumental in the disposition of a large portion of RREEF’s real estate exposure in Asia, while at the same time tightening the firm’s investment process and underwriting criteria as the Asian real estate markets became overheated in 2007 and 2008. As such, RREEF was one of the more successful investors in Asia during the period of Mr. Fogle’s tenure as CIO. From 1997 to 2006, Mr. Fogle was a Managing Director at AIG Global Real Estate, where he grew the Asian business from a small lending operation into one of the largest real estate debt and equity players in Asia, investing capital on behalf of AIG’s clients through managed funds as well as placing proprietary funds of AIG’s affiliates into core, value-add and high-yield/opportunistic assets. During his tenure at AIG, which spanned multiple Asian economic cycles, Mr. Fogle initiated AIG’s program to invest in distressed debt and underperforming assets as well as structuring joint ventures with Asian property companies to acquire and develop undervalued sites. Prior to joining AIG, from 1992 to 1997, Mr. Fogle was responsible for the Asian expansion of a U.S. development and investment firm. Mr. Fogle first began working in Asia in 1989 when he assisted his former company, USAA Real Estate, in the structuring of a Japan-based private real estate investment trust, which owned U.S. properties. During his 25-year career in the Asia Pacific region, Mr. Fogle has been involved in over 90 debt and equity investments with a transaction value exceeding US$22 billion.
Mr. Fogle is a member of the Urban Land Institute and was a founding Board member of the Asian Association for Investors in Non-Listed Real Estate Vehicles (ANREV).
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