Intercontinental Names Greg Balewicz Institutional Services Head
Balewicz, who has more than 30 years of industry experience, joins the Boston-based real estate investment manager from PPM America.
Updated on Nov. 10, 2026 in People
Intercontinental Real Estate Corp., an institutional real estate investment manager based in Boston, has appointed Greg Balewicz as head of institutional services. Balewicz previously led institutional business development at PPM America, Inc. across North America.
Why it matters
The appointment strengthens Intercontinental's leadership as it pursues new fund strategies, retail investment solutions, and higher investor service expectations. It also reflects the firm's focus on long-term succession planning and governance.
Balewicz brings more than 30 years of industry experience to the role. The announcement does not disclose figures on institutional assets under management or revenue targets for the division.
The players
Intercontinental Real Estate Corp.
An institutional real estate investment manager headquartered in Boston, Massachusetts.
Greg Balewicz
A financial services executive with more than 30 years of industry experience who previously led institutional business development at PPM America, Inc.
The details
Balewicz will partner with Intercontinental's senior leadership on institutional distribution and client service strategy. Chief Executive Officer Palandjian will work alongside him to ensure continuity and operational excellence.
Timeline
November 10, 2026: Intercontinental announces Balewicz's appointment as head of institutional services.
Market Landscape
Institutional real estate managers are competing to build dedicated distribution teams that serve pension funds and public plans. Intercontinental's appointment of a leader with public funds and Taft-Hartley experience positions it to compete for these mandates against rival managers.
For investors in institutional real estate vehicles, the leadership change may affect how Intercontinental approaches client service and new fund offerings. The announcement does not indicate any immediate change to fund terms or fees.
The takeaway
Leadership changes in institutional asset management often signal where a firm plans to focus its distribution and client service efforts. Watch for how Intercontinental's new institutional strategy develops in its fund offerings.
Further reading
Explore more People coverage for executive moves shaping Boston's business sector.
Source note: This article includes information reported by Nerej.
