Real Estate Investment Trusts: Cole Real Estate Investments Inc.

Cole Real Estate Investments Inc.: Holland, 42, joined last month from Cole Real Estate Investments Inc., a manager of real estate investment trusts where he was president, Washington-based Carlyle said in a statement today. He started at Phoenix-based Cole in 2010 after serving as chief operating officer for U.S. retail at BlackRock Inc., the worlds biggest money manager, according to Bloomberg. Rubenstein and Schwarzman have identified 401 k retirement accounts, a type of defined-contribution plan, as a potential source of retail money. Many large corporations are moving to defined-contribution plans, which shifts the responsibility of saving to employees, and away from defined-benefit plans, which are managed by employers and are more costly to operate and Carlyle Group LP CG , the worlds second-biggest manager of alternative assets such as private equity and real estate, hired Jeff Holland as head of the private client group in a push to expand its base of individual investors. Carlyle co-founder David Rubenstein , along with Blackstone Group LP BX co-founder Stephen Schwarzman , have been the most vocal private-equity executives calling for individual investors to add alternatives to stock and bonds in their portfolios. Both Carlyle and New York-based Blackstone, the largest alternative-asset manager, have created funds targeting individuals, including CPG Carlyle Private Equity Fund, a vehicle started last year that allows clients to commit as little as $50,000, compared with the $5 million to $20 million minimum that is typical for private-equity pools. (news.financializer.com). As reported in the news.