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NEW YORK CITY-Charles Grossman, a leader in the real estate investment management business and a former managing director of ING Clarion Partners, died of complications of lung cancer at Memorial Sloan Kettering Hospital in New York City on Aug. 18, 2007. He was 63 years old.

For four decades, Grossman was a major figure in both institutional real estate and in the world of retail property. Early in his career, he was founding partner and CEO of Schroder Real Estate Associates and then was associated with James D. Wolfensohn Inc.

ING tells GlobeSt.com that the senior management and staff of ING Clarion are deeply saddened by his death. “Charlie’s leadership and vision contributed to the growth of our firm, and we all were the beneficiaries of his wisdom, wit and grace,” the firm says. “Charlie was a great partner and a good friend to many of us. He will be greatly missed. Our prayers are with his family.”

In 1987, Grossman joined the other three founding partners as a senior partner of Jones Lang Wootton Realty Advisors, which, in 1998, merged with ING Real Estate and became ING Clarion. Over 20 years, according to a release, his leadership and vision contributed to the growth of ING Clarion, now one of the largest real estate investment management firms in the US. During that time he served as portfolio manager to large public pension funds and as a member of the firm’s managing executive board, of the private market investment committee and of the public equity securities investment policy committee.

Grossman served as chairman of both the Pension Real Estate Association and the International Council of Shopping Centers. He was chairman of the ICSC Educational Foundation. He was also a founding sponsor of the International Advisory Board of the Harvard Real Estate Academic Initiative.

A graduate of Harvard College and of Columbia University, where he earned both his JD and his MBA, Grossman remained an active alumnus of both institutions. Grossman was born in Houston and is survived by his wife, Carol Grossman, and daughters Ellie and Laura.

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