Deloitte’s New O’Brien Regime
- Mar 18, 2013
Deloitte Touche Tohmatsu Ltd. sees growth on the horizon in the global real estate industry and the company is positioning itself to capitalize on changes with the selection of Robert T. O’Brien, vice president with Deloitte in the U.S., to head its global real estate group.
O’Brien, who will continue to serve as U.S. real estate leader, will have a full plate but he is undaunted by the prospect of wearing two very large hats simultaneously. “He looks forward to working with the senior leaders and teams in Deloitte’s markets around the globe and leveraging their collective knowledge to help real estate and corporate clients emerge from the downturn stronger and more nimble,” a spokesperson for Deloitte Real Estate, told Commercial Property Executive.
O’Brien’s new responsibilities as head of the global real estate group will include overseeing the sharing of best practices with member firms, spearheading a focus on emerging trends and forming regional teams in emerging markets, all to better serve clients in the changing real estate climate. That’s the broad picture. As Carr explained, on a more detailed level, O’Brien will help guide the group as it endeavors to enhance Deloitte’s analytics for measuring and assessing real estate property and portfolio performance; advance its financial tracking of investment to and from major and emerging markets into different locations, property types and asset classes; and facilitate operational efficiency improvements, management techniques and vital technology upgrades.
And while the whole world is fair game in Deloitte’s real estate sphere, there are certain locations where the firm anticipates increased activity ahead, and O’Brien will be tasked with shepherding clients’ expansion in these areas, including Canada, Latin America, China and other Asian markets.
With 29 years of comprehensive experience in the real estate business under his belt, including three years as Deloitte’s U.S. member firm’s real estate practice leader, O’Brien is well-equipped to take on his new role. He brings to the table a history in successfully nurturing global client relationships, managing initial public offerings, executing acquisitions and dispositions and supervising workouts and bankruptcies. And it certainly doesn’t hurt that he has cultivated the vast majority of his expertise in real estate as a member of the Deloitte family. He has been with the company since 1983, and has since held such titles as the U.S. member firm’s global real estate funds initiative leader, and audit and enterprise risk management leader for the real estate practice.
O’Brien’s new position is a notable step forward for the longtime company member, as well as for Deloitte’s global real estate group.