CBRE Global Real Estate Income Fund (NYSE: IGR) is an actively managed closed-end fund that trades on the New York Stock Exchange and seeks high current income as its primary objective, with capital appreciation as its secondary objective. The Fund invests globally primarily in income-producing common equity securities of real estate companies, including real estate investment trusts (REITs), and up to 25% of its assets in preferred shares of such companies; it offers shareholders monthly distributions that may be taken in cash or reinvested, targeting high income potential through REIT dividends and global diversification to mitigate portfolio risk. Managed by CBRE Investment Management, a division of CBRE Group, Inc., the Fund was launched in 2004 and is based in Dallas, Texas.
The Fund focuses on the real estate securities industry, with exposure to various property sectors such as offices, retail, residential, industrial, and data centers across target markets including institutional and retail investors seeking real estate income exposure. Its portfolio emphasizes developed markets worldwide, including North America, Europe, and Asia-Pacific, providing diversified geographic operations.
Recent developments include regular monthly distribution declarations, such as $0.06 per share for October, November, and December 2025, maintaining an annualized distribution rate of approximately 14% based on market price; similar announcements occurred for April through June 2025. In the broader CBRE ecosystem, CBRE Group announced in January 2025 a definitive agreement to acquire the remaining equity stake in Industrious, a flexible workplace provider, to form a new Building Operations & Experience segment integrating facilities management and property operations, expected to close later that month and generating about $20 billion in 2024 revenue. No major fund-specific acquisitions, funding rounds, or strategic shifts for IGR were reported in the last 1-2 years, though it continues to emphasize opportunistic investments in undervalued global real estate amid 2025 market opportunities.